Homestar logo

Homestar Star Classic Fixed Home Loan

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $1,000,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a interest only loan between $150,000 and $1,000,000 with an LVR below 80%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR 70%-80%

    Loan: $150,000 $1,000,000

  • Owner Occupier (Interest Only)

    LVR 70%-80%

    Loan: $150,000 $1,000,000

Fixed 3 year rate
7.80% p.a.
Comparison Rate
5.00% p.a.
Service fee
$0.00
Upfront fee
$395
Fixed 3 year rate
8.20% p.a.
Comparison Rate
5.42% p.a.
Service fee
$0.00
Upfront fee
$395

Mozo editorial review Homestar Star Classic Fixed Home Loan - last updated: 8 August 2022

binocular icon
What's hot
  • 7.80% p.a. (4.61% p.a. comparison rate*) for 3-year terms
  • Free extra repayments up to $20,000 p.a.
  • Offset account available
What's not
  • $244.20 valuation fee
  • $264 legal documentation fee
Mozo snapshot

Homestar’s Star Classic option offers a wide range of features to go with its competitive fixed rates. Owner occupiers will be able to take advantage of an offset account, the ability to make extra repayments, and a free redraw facility. Just keep in mind that there are a few fees and limits on how the features can be used.

key icon
Key features

Loan amounts on Homestar’s Star Classic option range from $150,000 to $1 million, with 3-year fixed rates sitting at 7.80% p.a. (4.61% p.a. comparison rate*). You’ll also have the flexibility to make up to $20,000 in extra repayments per year, and split your loan to take advantage of the features that typically come with a variable rate.

The redraw facility can come in handy if you decide the extra repayments you’ve made would be better served back in your pocket. Just keep in mind that the maximum amount you’ll be able to retrieve is $20,000 per year. And for those that want to put their savings to good use, an offset account is available to help you reduce the amount of interest charged on the loan. The amount you can contribute, however, is capped at $20,000 per year. 

snapshot
Who is it good for

This offer from Homestar could be a good pick for those who want to lock in a competitive rate but don't want to be too limited in the amount of extra repayments they can make.

question icon
Any catches

You will be charged a $395 annual fee throughout the fixed rate period. There is also a one off legal fee ($264), valuation fee ($244), and discharge fee ($535), but the latter will be waived if the loan goes to full term.

Details

Rates and fees information correct as at 13 August 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

7.30% (4.26%*)

7.60% (4.62%*)

7.80% (5.00%*)

n/a

n/a

n/a

n/a

3.90% p.a.

Fees

$0.00

$0.00

n/a

$395.00

n/a

$0.00

$535.00

Other financial bits

$150,000

$1,000,000

70.00%

80.00%

Features

Weekly, Fortnightly, Monthly

yes - up to $20,000 p.a

no

yes - free

none

yes

yes

none

$535 discharge fee waived if the loan goes to full term. Valuation fee waived for properties up to $1m.

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 13 August 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

7.70% (4.66%*)

8.00% (5.03%*)

8.20% (5.42%*)

n/a

n/a

n/a

n/a

4.30% p.a.

Fees

$0.00

$0.00

n/a

$395.00

n/a

$0.00

$535.00

Other financial bits

$150,000

$1,000,000

70.00%

80.00%

Features

Monthly

yes - up to $20,000 p.a

no

yes - free

none

yes

yes

none

$535 discharge fee waived if the loan goes to full term. Valuation fee waived for properties up to $1m.

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Customer Reviews

How are Homestar home loans rated by the Mozo community?

Overall
Price
Features
Customer service
Convenience
Trust

Latest review of Homestar Star Classic Fixed Home Loan

About Homestar

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.