Finder makes money from featured partners, but editorial opinions are our own.

Sucasa home loans

Sucasa offers low-deposit and low-fee home loan options, without the need to pay LMI.

No reviews yet. Write a review

Borrowers only need as little as a 2% deposit for a Sucasa home loan. There's no need to pay LMI and it doesn't charge an application fee or ongoing fees.

Compare Sucasa home loans for June 2024

{"visibility":"visibilityTable","ctaLabel":"Calculate","tableCode":"SAMPLE_COMPARISON_V2_TEMPLATE","nicheCode":"AUFHL","fields":[{"name":"LOAN_AMOUNT","value":"150000","options":"","label":"Borrowing amount","suffix":"$","useSuffixAsPrefix":false,"useDropDownOption":false,"tooltip":""},{"name":"PERIOD","value":"30","options":"","label":"Period","suffix":"years","useSuffixAsPrefix":false,"useDropDownOption":false,"tooltip":""}]}
Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Principal & Interest2% min. depositOwner-occupierNew Purchase - Metro only
Interest Rate
Comparison Rate
Application: $0
Ongoing: $0 p.a.
Monthly Payment
Principal & Interest2% min. depositOwner-occupierRefinance - Metro only
Interest Rate
Comparison Rate
Application: $0
Ongoing: $0 p.a.
Monthly Payment
Showing 2 of 2 results

Sucasa key facts

  • Sucasa home loans only need as little as a 2% deposit without LMI
  • You can borrow between $100,000 and $2.5 million
  • The minimum home loan terms are 20 years
  • Home loans are structured with 2 loans to take away the need for LMI

Review by our senior home loans writer Richard Whitten

Sucasa home loan features

Here are the key features and details you need to know about Sucasa's mortgage products.

No LMIBorrow between 80% and 98% of the property's value without taking out LMI.
Loan structureIn order to not pay LMI, Sucasa's loans are structured differently. You'll take out 1 primary loan covering 80% of the property value, then a second "accelerator" loan for the rest of the value you'd like to borrow.
Low feesSucasa doesn't charge an application fee or any ongoing fees. It does charge a $795 exit fee.
Extra repaymentsMake unlimited extra repayments towards your home loan.
Redraw for freeRedraw from your additional funds online for free.
Property locationsSucasa only services loans in metro Australian capital cities.

How do I apply for a mortgage from Sucasa?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.


The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with Sucasa you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

πŸ“„ Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

πŸ“„ Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

πŸ“„ Proof of income documents. Recent payslips can establish your income.

πŸ“„ Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

How to apply for a home loan

More lenders to compare

Check out Finder's main home loans guide if you want to compare more home loans from a range of lenders. Or you could try one of the following lenders:

  • ING. This online bank is part of the global, Dutch financial group of the same name.
  • Commonwealth Bank. The nation's largest bank has a large selection of home loans and a convenient banking app.
  • UBank. This online bank is actually owned by NAB.
  • Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
  • Tiimely. This lender's online application tool can process your mortgage application fast. Backed by the Bendigo and Adelaide Bank.
  • Bank of Queensland. Outside of the Big Four this is one of Australia's larger banks. BOQ owns Virgin Money.
  • HSBC. The local Australian banking arm of this international bank offers various home loans.

More guides on Finder

Go to site