For COVID-19 info, or to apply for COVID-19 home loan support, see We will contact you as soon as possible.
  • Whether a first-time buyer or self-employed, a RAMS home loan has flexible options to make the loan work better for you.

  • Deposit bond

    How you could arrange a deposit without touching your savings

    • Ideal for: First home buyers, Upgraders, Investors

      A deposit bond allows a buyer to pay a deposit (up to 10% of the purchase price) using the deposit bond instead of using cash from their own accounts. No money actually changes hands until settlement. 

      Come settlement, the purchase price is paid in full, and the bond simply lapses.

      Deposit bonds are often used for purchases where a buyer is awaiting funds from an existing sale; or an investor with adequate equity but minimal liquidity.

      Benefits of a deposit bond 

      • Keeps your savings working hard earning interest until required at settlement (if applicable)
      • Move faster to secure your purchase as a regular cash deposit can take time to organise
      • Could help avoid costly bridging finance
      • Valid  for short and term loans
      • Can be used at auctions and private treaty exchange (subject to vendor acceptance in advance) 

      Deposit bonds – things to be aware of 

      • Some vendors are reluctant to accept deposit bonds as they may intend to use a regular cash deposit to fund another purchase or payment.
      • Also, a contract of sale may stipulate cash deposits only, so it’s essential that potential buyers/bidders clarify this upfront.
      • Fees and charges, conditions and eligibility criteria apply.

    • Full feature home loan

      An all-in-one home loan with a transaction account, redraw option and ability to deposit salary stra...

      Fixed Rate Home Loan (Packaged)

      RAMS fixed rate home loan has protects you against rate changes during the loan period.

      Essential home loan

      A simple, clear to understand home loan to help you with one of the biggest purchases in life.

    • Line of credit

      Pay more when you have additional funds and less when you don't with a RAMS line of credit home loan...

    • Hypothetical scenario

       Sylvia, a first home buyer, was keen on two properties, each with a price guide of approximately $500,000 and where the auctions were a month apart.

      The funds intended for a deposit ($100,000) were earning her good interest in a term deposit, which had a few months remaining on its term. To break it prematurely would incur a fee and a reduction in interest paid.

      Plus, there was no guarantee that Sylvia would be successful at auction anyway. So to keep her savings intact and purchase options open, a deposit bond looked like a good solution.  

      RAMS says … 

      First, Sylvia inquired of both real estate agents whether a deposit bond would be accepted by the respective vendors. 
      Turns out, it was. She then applied for and obtained a deposit bond through RAMS. 
      Although unsuccessful at the first auction, Sylvia was the highest bidder at the second, and was able to use her RAMS deposit bond as the deposit for her first home.  
      As it turned out, settlement was extended because the vendors were yet to secure their next property.  This delay didn’t bother Sylvia as her money was still earning interest in her term deposit, right up until settlement, when she paid the purchase price in full.
  • Home loan calculators

    How much could I borrow?


    You could borrow up to

    ${{[0].borrowingPower | number:0}}

    Assuming a {{[0].loanPeriod.initial }} year term

    at an interest rate of {{[0].interestRate.ongoing.percent }} % p.a.

    Call us on 13 RAMS, thats 13 7267 about your situation to find the best solution for you.

    How much could my repayments be?

    % p.a.

    Based on the amount you want to borrow, an estimate of your minimum repayments is

    ${{[0].calculators.initial.initialRepaymentByPeriodTotal | number:2}} a

    over {{[0].loanPeriod.initial }} years

    Interest only repayments in the first {{[0].loanPeriod.interestOnly }} years

    ${{[0].calculators.initial.initialInterestOnlyRepaymentByPeriodTotal | number:2}} a

    and, principal and interest repayments for the remainder of the life of the loan

    ${{[0].calculators.initial.initialRepaymentByPeriodTotal | number:2}} a

    Call us on 13 RAMS, thats 13 7267 about your situation to find the best solution for you.

    You would save

    You would pay an extra

    ${{[0] | number:2}}

    in interest over the life of the loan

    $ {{[0].calculators.initial.initialInterestOnlyRepaymentByPeriodTotal | number:2}}

    $ {{[0].calculators.initial.initialRepaymentByPeriodTotal | number:2}}

    Total payable

    ${{[0] | number:2}}

    Interest - ${{[0] | number:2}}

    Principal - ${{[0] | number:2}}

    $ {{[0] | number:2}}

    $ {{[0] | number:2}}

    Total payable

    ${{[0] | number:2}}

    Interest - ${{[0] | number:2}}

    Principal - ${{[0] | number:2}}

    What are the upfront costs and ongoing?


    You would need a deposit of ${{[0].calculators.upfrontCosts.depositRequired | number: 0}}

    Your estimated upfront costs would be

    ${{[0].calculators.upfrontCosts.totalUpfrontCosts | number:0 }}

    Your estimated ongoing costs would be

    ${{[0].calculators.ongoingCosts.totalOngoingCosts | number:0 }} per month

    Upfront costs

    Government fees

    $ {{[0].calculators.upfrontCosts.government.mortgageRegistration | number : 0}}

    $ {{[0].calculators.upfrontCosts.government.transfer | number : 0}}

    $ {{[0].calculators.upfrontCosts.government.stampDuty | number : 0 }}

    $ {{[0].calculators.upfrontCosts.government.mortgageDuty | number : 0}}

    Government grants

    $ {{[0].calculators.upfrontCosts.government.firstHomeGrant | number : 0}}

    If you are building new home and the total value of land and building is up to $750,000 then you may be eligible for First Home Owner Grant. Please refer to Office of State Revenue website for further details.

    The First Home Owner grant is based on assumption that the total value of land and building is less than or equal to $750,000.

    RAMS fees

    $ {{[0] | number : 0}}

    Lender's Mortgage Insurance

    $ {{[0].calculators.upfrontCosts.lmi| number : 0}}

    Other upfront costs to consider

    $ {{ ([0].calculators.upfrontCosts.movingFee.value != '') ? ([0].calculators.upfrontCosts.movingFee.value| number: 0) : '        ' }}

    $ {{ ([0].calculators.upfrontCosts.pestInspection.value != '') ? ([0].calculators.upfrontCosts.pestInspection.value | number: 0) : '        ' }}

    $ {{ ([0].calculators.upfrontCosts.conveyancingFee.value != '') ? ([0].calculators.upfrontCosts.conveyancingFee.value | number: 0) : '        '}}

    Ongoing costs


    $ {{[0].calculators.ongoingCosts.repayments | number : 0}}/month

    Assuming a {{[0].loanPeriod.initial }} year loan term on RAMS Essential Home Loan with a variable interest rate of {{ ([0].calculators.upfrontCosts.residencyType == 0) ?[0].interestRate.ongoing.percent :[0].interestRate.ongoingInvestor.percent }}% p.a., comparison rate* of {{ ([0].calculators.upfrontCosts.residencyType == 0) ?[0].interestRate.comparison.percent :[0].interestRate.comparisonInvestor.percent }}% p.a. and $0 account keeping fee.

    RAMS fees

    Some other ongoing costs to consider

    $ {{ ([0].calculators.ongoingCosts.strata.value != '') ? ([0].calculators.ongoingCosts.strata.value | number: 0) : '        ' }} /month

    $ {{ ([0].calculators.ongoingCosts.council.value != '') ? ([0].calculators.ongoingCosts.council.value | number: 0) : '        ' }} /month

    $ {{ ([0].calculators.ongoingCosts.utility.value != '') ? ([0].calculators.ongoingCosts.utility.value | number: 0) : '        ' }} /month

    $ {{ ([0].calculators.ongoingCosts.homeContentInsurance.value != '') ? ([0].calculators.ongoingCosts.homeContentInsurance.value | number: 0) : '        ' }} /month

  • Blogs and videos for home buyers

    As a first home buyer, saving up a deposit can be a major hurdle between you and your first home. Save your deposit sooner with our 7 practical tips
    If you've come into a bit of spare cash, the temptation to spend on an overseas holiday or brand new television may take top priority. RAMS looks at your options.
    Looking to getting off the rental treadmill? Here are the most commonly asked questions when making the move from renting to owning
    Quick and simple guide helping you understand how much you’ll need for your home loan deposit.
    When buying a home you should factor in a number of costs on top of the purchase price. Find out more information & tips in our Video with Luke Huysmans.
    Home loan expert, Lisa Frazer looks at the real costs of buying your first home.