No, banks are granting home loans with lower deposits, and even home loans with a zero deposit in some cases. The value of a deposit is that it reduces your monthly bond repayments, and decreases the interest paid to the bank over the term of the loan. You will also more likely to get a better interest rate with a deposit.
Learn more about your home loan deposit.
Average rating of 4.86 from over 4 550 reviews
Simply The Best
Ooba home loans services are simply the best. My Consultant Bianca Dancer was so hands on and helpful from the get go. She guided me through the entire process and put me at ease being a first time buyer. I highly recommend their services.
Tia J
Excellent Service
Jay Govender and Maleshini Reddy from OOBA provided outstanding assistance and guidance in securing our home loan. Response times were excellent and they were professional and friendly.
Brice G
Bond Application
Estelle Vorster was really helpful in securing the best deal for my home loan, she not only negotiated a lower interest rate she went as far as securing 50% discount on the transfer costs.
Butana M