Skip home loans review: Connective Skip, formerly Sucasa

If you can afford a home loan but saving the deposit is holding you back, Connective Skip is worth comparing. Borrowing more could let you buy sooner. It also means larger repayments and fees to allow for.

Start by comparing the 5% Deposit Scheme and any professional LMI waiver you qualify for. Then compare Skip with a normal low-deposit loan using the same property, loan term and total costs. Skip charges a Rate Reduction Fee instead of lenders mortgage insurance, so a no-LMI loan still has an upfront cost.

Skip used to be called Sucasa. The customer name change began on 16 February 2026. Connective Skip is the option available through Connective brokers, with loans provided by Skip Loans Pty Ltd. This guide covers that option. Offers on Skip's retail website can have different conditions.

Both loans are variable and principal and interest, which means each repayment pays interest and reduces what you owe. Terms run from 20 to 30 years. There is no fixed-rate or interest-only option.

Check your budget against the combined repayments, including the fee added to the loan. Both parts have to be affordable for the full term.

On an $800k property, 2% is $16k. You need more than that to buy. Allow for Skip's Rate Reduction Fee, other lender fees, stamp duty if it applies, legal work and government charges.

Adding the fee to your loan means you repay it with interest. It can also reduce how much of the approved loan is left to pay for the property. Before you decide, ask us for a breakdown showing the full loan balance and the cash you need. Our minimum-deposit guide explains the costs to add to the advertised deposit.

A bonus, tax refund or money from selling an asset can also be considered. Tell us where your deposit came from, especially if it is a gift, so we can explain which records you'll need.

These Connective Skip rates were published on 6 October 2026 and checked on 21 October 2026. They cover borrowing from 85% to 98% of the property value. Your rate can depend on the property and your application, so get a quote before making a decision.

These comparison rates use a $150k loan over 25 years at 90% of the property value. They apply only to those examples and may exclude some costs. Different loan amounts, terms and fees can produce a different comparison rate. The retail Skip website uses a different example, so the two comparison-rate figures are not interchangeable.

Ultra Low Rate has a higher Rate Reduction Fee and a lower ongoing interest rate. Low Rate has a lower fee and a higher ongoing rate. The lower advertised rate is not automatically the cheaper choice if you refinance soon. We compare the fee difference with the interest you could save over the time you expect to keep the loan.

These examples assume monthly repayments, no extra payments and a rate of 6.64% for the full 30 years. Add both loans and any fee included in them to get the balance for your own comparison. Buying costs you pay separately are not included. Your repayments change if the rate or loan amount changes.

If you keep a lot in savings, compare Skip with a loan that has an offset account. If your aim is to refinance later, remember that a new lender will check your income and equity again. You need to be able to afford Skip even if refinancing takes longer than you hoped.

You must be an adult, live in Australia, show your income and afford the repayments. If you apply together, you must be spouses or de facto partners. The main borrower must be an Australian citizen, permanent resident or New Zealand citizen. You cannot take out the loan in a company or trust name.

If you're buying or refinancing, Skip can let you combine up to 4 personal debts with the home loan. These can include credit cards, personal loans and car loans. More than 4 needs special approval.

A lower monthly payment can help your budget while still costing more over the life of the loan. Moving a car loan or credit card onto a 30-year mortgage can leave you paying interest for much longer. It also puts that borrowing against your home. Our debt-consolidation guide explains how to compare the total cost and set a shorter repayment target for those debts.

Skip takes a mortgage over 1 property for each application. You can't offer a second property as extra backing for the loan. If you're refinancing an investment, we first need to check whether the properties you already own fit Skip's rules.

The Australian Government 5% Deposit Scheme has a 5% minimum deposit for eligible first-home buyers and a 2% option for eligible single parents or legal guardians. There is no income cap, but property price caps and other eligibility rules still apply. Skip is a separate commercial loan, not part of that guarantee.

If family support is an option, read our guarantor home loan guide and risks of going guarantor together before anyone agrees. If your occupation qualifies, compare a professional LMI waiver before paying a fee to avoid LMI.

A regular loan with LMI also deserves a quote. Keep the purchase price, loan term and cash contribution consistent. Compare the premium or fee, total borrowing, repayments, offset features and the cost of leaving. A lender's example that buys a more expensive house does not show that your own loan will be cheaper.

Skip aims to give fully assessed pre-approval in 1 business day and formal approval in 3 to 5 business days. Those are its targets. Missing documents, the valuation or a request outside its usual rules can take longer. Pre-approval lasts 90 days. You can request 1 further 90-day extension before it expires.

Hunter Galloway Finance Pty Ltd is Credit Representative 476903, authorised under Australian Credit Licence 389328. This guide is general information and does not take your personal financial situation or needs into account.