Loan for Stamp Duty? Here's How to Secure It Fast (2026)

Facing the daunting task of saving for stamp duty on top of a home deposit can feel overwhelming. As property prices continue to rise in Australia, the prospect of coming up with extra funds for stamp duty can be a significant hurdle for many aspiring homeowners. If you're wondering whether you can get a loan to cover this additional cost, you're not alone. Let's explore your options and solutions.

Understanding Stamp Duty

Stamp duty is a tax imposed by state and territory governments on property transactions. It is calculated based on the property's purchase price and varies depending on the location. For example, in New South Wales, stamp duty for a $700,000 home is approximately $27,000 as of 2026. This can be a substantial amount to add to your financial obligations when purchasing a home.

The purpose of stamp duty is to cover administrative costs associated with the transfer of property ownership. While it might seem like an extra burden, it is a mandatory cost that needs to be accounted for in your overall home buying budget.

Loan Options for Stamp Duty

Fortunately, there are options available to help you manage the cost of stamp duty. Here are some key possibilities:

Option	Interest Rate (2026)	Eligibility
Personal Loan	6.49% - 12%	Good credit score, stable income
Equity Release	Variable, typically lower than personal loans	Existing property with equity
First Home Buyer Schemes	N/A	First-time buyers, specific criteria

Each option has its own set of requirements and benefits. For instance, a personal loan might be a quick way to access funds, but it often comes with higher interest rates. Equity release, on the other hand, can offer more favourable terms if you already own a property with sufficient equity.

Steps to Secure a Loan for Stamp Duty

To successfully secure a loan to cover your stamp duty, follow these steps:

1. Assess Your Financial Situation: Calculate your current debts, income, and expenses to understand your financial position.
2. Check Your Credit Score: A strong credit score can increase your chances of securing a loan with favourable terms.
3. Research Options: Explore different loan products, including those offered by Esteb and Co's panel of 83+ lenders. Compare interest rates, fees, and terms.
4. Apply for Pre-Approval: Obtain pre-approval to understand how much you can borrow and what your repayments will look like.
5. Engage a Mortgage Broker: Consider working with a mortgage broker to navigate the complex landscape of loans and lenders.
6. Submit Your Application: Once you've chosen a suitable loan product, submit your application with all required documentation.

Tips and Considerations

Before making any financial decisions, consider the following tips:

• Factor in All Costs: Aside from stamp duty, remember to budget for other expenses like legal fees, inspections, and moving costs.
• Plan for Repayments: Ensure that you can comfortably manage loan repayments alongside other living expenses.
• Utilise Grants and Concessions: Check if you're eligible for any government grants or stamp duty concessions, especially if you're a first-time homebuyer.
• Stay Informed: Keep abreast of changes in the property market and interest rates, as these can impact your financial planning.

Frequently Asked Questions

1. Can I include stamp duty in my home loan? Some lenders allow you to capitalise stamp duty into your home loan, but this will depend on your financial situation and lender policies.
2. Are there any exemptions for stamp duty? Exemptions and concessions are available for first-time buyers and certain property types. Check with your state government for specific eligibility criteria.
3. What is the average stamp duty cost in Australia? This varies by state. For instance, in Victoria, stamp duty on a $700,000 home is about $37,000 as of 2026.
4. How long does it take to secure a loan for stamp duty? The process can take anywhere from a few days to several weeks, depending on the complexity of your application and the lender.
5. Can I negotiate stamp duty with the seller? Stamp duty is a government tax and cannot be negotiated with the seller.
6. Is stamp duty tax deductible? Stamp duty on investment properties may be deductible, but not for owner-occupied homes. Consult a tax advisor for personalised advice.
7. Can I pay stamp duty in instalments? Some states offer instalment plans for stamp duty. Check with your local revenue office for details.