The percentage of money lent to low deposit home-lenders fell to under 5 per cent in January - less than half the percentage limit imposed by the Reserve Bank.
Figures released yesterday show just 4.8 per cent of the $3.09 billion lent was to people with deposit of less than 20 per cent.
After exemptions were taken out it was even lower at 3.8 per cent of lending.
The percentage of money lent to low equity borrowers has plummeted in recent months after the Reserve Bank introduced a "speed limit".
From October 1 banks were told no more than 10 per cent of new lending could by taken up by people with equity of less than 20 per cent.
