Credit-impaired borrowers can borrow up to a maximum of 95 per cent of the value of the property through non-conforming lenders.

The final figure is determined by the loan size, location of the property and degree of credit impairment of the borrower. As the LVR rate increases and the degree of credit impairment increases, the rate charged on the loan also increases.

There can still be significant early-repayment penalties in the first one to five years.