Investing your money into a term deposit can be considered as a safe and effective savings strategy especially when you have a big goal to achieve in the long term e.g. buying your dream home.
Use this calculator to see how fast your savings can grow by investing in fixed rate term deposit.
Term Deposit Calculator
Frequenly Asked Questions
What are the requirements
for getting a home loan?
Maximum loan you can borrow is 97% of property value. So you will need 3% of purchase price plus costs. e.g. Stamp Duty, Lenders Mortgage Insurance, Bank Fees, Legal Fees etc. Find out in Detail>>
Every lender & bank has their own borrowing capacity calculator. Which will take account of your income, living expenses, credit card limits & all other financial commitments to
calculate how much maximum they can lend you. Find out in Detail>>
How much money can I borrow
from the bank?
How much money should I have in the begining to buy home?
Generally speaking, regular income, good credit history & enough saving for 3% deposit of purchase price plus costs e.g. stamp duty, lenders mortgage insurance, legal fees etc. is the key requirement to get a home loan approved. Find out in Detail>>