What deposit do I need to get an investment loan?
This may vary from lender to lender, but typically a deposit amount of 20% of the purchase price of your property is required to secure an investment loan without having to pay Lenders Mortgage Insurance (LMI).
At Greater Bank, both our Ultimate Investment Home Loan and our Great Rate investment Home Loan require a 20% deposit to avoid LMI.
Terms, conditions, fees, charges and credit criteria apply.