100% Home Loans - Webdeal No Deposit Home Loan
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  100% Home Loan - No Deposit Home Loan

If you are tired of renting and would like an opportunity to own a home of your own – we have your loan. Unlike other lenders offering 100% finance, the 100% Variable Rate Loan is fully featured and includes unlimited free redraws, salary crediting and flexible repayment options.

It does not matter whether you are a:

  • First time home buyer
  • Someone with low savings or no deposit and a steady income
  • Person who would like upgrade their existing home with little or no equity
  • Young professional on a good income who would like to own a home.

The Webdeal 100% Variable Loan is only available to owner occupiers.


Loan amounts Minimum Loan of $50,000. Maximum loan of $600,000.
Interest rate type Variable rate only
Loan Term 10 to 30 years.
Repayment type Principal and Interest only.
Combination and splits Can split up to 4 accounts (will consider more). Cannot combine with other products.
Repayment options Direct Debit or Salary Crediting either monthly or fortnightly. Internet or telephone transfers from pre-nominated account for additional repayments.
Additional repayments Unlimited
Redraw facility No minimum redraws via Internet or telephone banking to pre-nominated account .
Withdrawals Cash withdrawals not available other than electronic transfers as above.
Salary crediting Available on both Principal and Interest and Interest Only loans.
Switching Loans Can switch all or part of loan limit to another product, once LVR is less than 95%.
Frequency of Statements Quarterly
Deferred Establishment Fee During year 1      1.00% of original loan amount
During year 2      0.80%
During year 3      0.60%
During year 4      0.40%
During year 5      0.20%
Year 6 onward    0.00%
Other Fees $595 Settlement Fee
Substitution Can substitute security within loan limit.

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