to the owning bit.
2% Deposit Home Loans.
Low fees. Low rates. No LMI.
New purchase
6.14
% p.a.6.48
% p.a.Refinance
6.14
% p.a.6.48
% p.a.New purchase
6.54
% p.a.6.93
% p.a.Refinance
6.54
% p.a.6.93
% p.a.Why wait when you can Skip?
Low Rate. Low Fees. No LMI.
Competitive rates. Means lower repayments.
Small deposit
Borrow up to 98% LVR. Means your savings go further.
Fast approvals
Most of our customers are approved within a couple of days of completing their application. Means bidding with confidence, sooner.
Your money’s safe space
We’re built for modern homebuyers, with smart systems and a dedicated Australian team behind every application. Your data is protected, your loan is monitored, and help is always close at hand.
Owning may be closer than you think
What our customers are saying
As seen in
I want to
About Skip
We’re a home loan lender built to fast-track Aussies into their own home.
For too long, getting onto the property ladder meant putting life on pause to deal with the mess and stress of saving for a big, hairy deposit. All for a dream that moves further away as property prices rise faster than your savings.
The entire system was broken but a better, fairer way didn’t exist.
So we built one.
With a 2% deposit home loan it’s time to skip the hassle, years of heartache, and the B.S. the system used to make you go through. And start experiencing the fulfillment, liberation and rewards that come from being a homeowner.
Skip to the owning bit.
Why our customers love us
Small Deposit
Skip to the owning bit with as little as 2% deposit. Skip helps you get in the market without waiting years to save 20%.
Low Rates
Sharp, competitive rates that can save you thousands over the life of your loan. Better value where traditional lenders and banks fall short.
Low Fees & No LMI
Avoid the biggest sting in small-deposit lending: Lenders Mortgage Insurance (LMI), and keep more cash in your pocket. Skip replaces it with a simpler, and much lower-cost structure, and eliminates ongoing fees like application, annual, and monthly charges.
No Equity Sharing or Guarantors
With Skip you don’t need to give away equity or rely on family guarantors. You get the keys, the upside, and the independence.
Fast Approvals
Move fast when it matters. Skip has a streamlined process to get you approved and ready to buy in a matter of days.
Best value ever!
Years Earlier
Our First Home in Australia!
Saved by choosing Skip
Based on your income and expenses for our Ultra-Low Rate product, you may be able to borrow:
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Estimated Monthly Repayment
Heading
Interest Rate*
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p.a.
Comparison Rate**
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p.a.
Important - There are a lot of different factors that go into calculating how much you can borrow for a home loan. Every lender has their own way of calculating borrowing power so you might get different results with other home loan calculators. Our home loan borrowing calculator takes into account your income and expenses to give you an idea of how much you can expect to be able to borrow with a Skip Primary and Ultra-Low Rate Home Loan.
What do I need to contribute?
Estimated total funds to complete required
$0
This funds to complete calculator is a guide only, and gives you an estimate of what your funds to complete based on the property purchase price, loan amount, loan purpose, stamp duty and an Ultra-Low Rate Home Loan.
You’ll get a full assessment when you submit your application and enter the specifics of the property, your loan type, personal details and your financial situation. The above is not credit approval.
What will my repayments be?
Estimated repayments
$0
/month
Principal and Interest Loan
Interest rate*
Comparison rate**
This home loan repayment calculator is a guide only, and gives you an estimate of what your repayments may be with Skip. This estimate is based on the purchase price, loan amount and loan term you entered and the current home loan interest rates for the Ultra Low Rate Home Loan.
You’ll get a full assessment when you submit your application and enter the specifics of the property, your loan type, personal details and your financial situation. The above is not credit approval.
FAQs
Find answers to your most pressing questions about our home loan services.
Are you a mortgage broker or a bank?
Neither!
Instead, we are a non-bank lender. We are an Australian Credit License (ACL) holder with authorisations to provide credit and credit assistance to consumers.
What are your interest rates?
Visit our Rates & Fees page to see our current interest rates.
Am I eligible for a home loan with Skip?
You can see our eligibility requirements here.
How are your rates so low? What’s the catch?
The short answer: We’ve focused on helping borrowers who don’t have a “full” 20% deposit. By building a suite of products designed specifically for our borrowers, we’ve been able to make our loans cheaper and more accessible.
There’s no catch.
We’re a mission driven business and our mission is to improve access to homeownership for young Australian families. We’ve done this by creating products we’d use and encourage our friends and family to use. Our loans are simple and we don’t take any equity in your home or have any equity-based incentives.
We’ve worked *very* hard to provide the lowest-cost loans possible and will work even harder to make things even more affordable for you – Australia’s next generation – as we build.
Lending eligibility criteria applies.
Can I get a pre-approval online?
Yes, we provide pre-approvals. To do this, we assess everything we can without knowing the final property you’ll be purchasing.
As is the market standard, pre-approvals are typically subject to satisfactory valuation of the property you purchase. If you’ve already purchased the property or exchanged contracts we can also go straight to an unconditional approval.
Prior to starting your application, we suggest you use our online calculators to understand your borrowing capacity and loan estimate.
Once you are ready to apply, click on Apply Now and follow the steps to complete and submit your application.How do I make sure I am getting the best deal on my home loan?
We have a suite of loan products that will benefit you, regardless of whether you are deposit or serviceability constrained.
All our loans have lower upfront fees than any comparable loan that requires LMI at the same LVR. See our rates page for more information.
2% DEPOSIT. LOW RATE. LOW FEE. NO LMI.
2% DEPOSIT. LOW RATE. LOW FEE. NO LMI.
2% DEPOSIT. LOW RATE. LOW FEE. NO LMI.
2% DEPOSIT. LOW RATE. LOW FEE. NO LMI.