The maximum amount you can borrow for a home loan depends on various factors such as your income, expenses, credit history, and the value of the property. Generally, lenders are willing to lend up to 80% of the property's value, but it can vary based on the lender and the borrower's circumstances. Contact our brokers who can help you getting more information around it.

The interest rate for a home loan can vary based on various factors such as the lender, the type of loan, and the borrower's creditworthiness. Currently, the average interest rate for a standard variable home loan is around 4.5% - 5.5%, but it can change depending on market conditions and other factors. (As of today 14th March 2023)

You typically need to have a deposit of at least 20% of the property's value to secure a home loan. However, there are options available for borrowers with lower deposit amounts, such as Lender's Mortgage Insurance (LMI), which can help you secure a loan with as little as 5% deposit.

To apply for a home loan, you will generally need to provide proof of income, such as payslips or tax returns, identification documents, such as a passport or driver's license, and evidence of savings or assets. Lenders may also request additional documents depending on your circumstances.

The time it takes to get approved for a home loan can vary depending on the lender and the borrower's circumstances. Typically, it can take anywhere from a few days to a few weeks to get approved for a home loan.