Choose the version of this loan that suits you best
Availability | Loan type | LVR | Min loan amount | Max loan amount | |
---|---|---|---|---|---|
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Owner Occupier | Principal & Interest | 70%-80% | $150,000 | $1,000,000 |
|
Owner Occupier | Interest Only | 70%-80% | $150,000 | $1,000,000 |
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.
Loan amounts on Homestar’s Star Classic option range from $150,000 to $1 million, with 3-year fixed rates sitting at 6.95% p.a. (6.90% p.a. comparison rate*) for a 3-year fixed P&I owner occupier loan (80% LVR). 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.
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.
With this loan there is a $395 settlement fee, a $595 discharge fee (which will be waived if the loan goes to full term). There's also an optional $495 rate lock fee on fixed loans.
n/a |
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n/a |
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n/a |
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n/a |
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6.95% (6.80%*) |
|
6.95% (6.86%*) |
|
6.95% (6.91%*) |
|
6.95% (6.96%*) |
|
6.95% (7.00%*) |
|
n/a |
|
n/a |
|
6.35% p.a. |
$0.00 |
|
$0.00 |
|
n/a |
|
$395.00 |
|
n/a |
|
$395.00 yearly |
|
$595.00 |
$150,000 |
|
$1,000,000 |
|
70.00% |
|
80.00% |
Weekly, Fortnightly, Monthly |
|
yes - up to $20,000 p.a |
|
no |
|
yes - free |
|
$0.00 |
|
yes |
|
yes |
|
none |
|
$535 discharge fee waived if the loan goes to full term. Valuation fee waived for properties up to $1m. $66.33 PEXA fee applies. |
|
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.
n/a |
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n/a |
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n/a |
|
n/a |
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7.35% (7.20%*) |
|
7.35% (7.25%*) |
|
7.35% (7.31%*) |
|
7.35% (7.36%*) |
|
7.35% (7.40%*) |
|
n/a |
|
n/a |
|
6.75% p.a. |
$0.00 |
|
$0.00 |
|
n/a |
|
$395.00 |
|
n/a |
|
$395.00 yearly |
|
$595.00 |
$150,000 |
|
$1,000,000 |
|
70.00% |
|
80.00% |
Monthly |
|
yes - up to $20,000 p.a |
|
no |
|
yes - free |
|
$0.00 |
|
yes |
|
yes |
|
none |
|
$535 discharge fee waived if the loan goes to full term. Valuation fee waived for properties up to $1m. $66.33 PEXA fee applies. |
|
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.
I had the pleasure of working with HomeStar for the purchase of my first property, and I must say that the lending specialist, Elisa Townsend, was exceptionally helpful throughout the entire process. Additionally, Lindsay Jimenez assisted me with all the necessary bank approvals and provided excellent support. I cannot recommend HomeStar enough, as the service I received was truly incredible. They consistently prioritized the best interests of their clients, making the experience even more remarkable.
Read full reviewI had the pleasure of working with HomeStar for the purchase of my first property, and I must say that the lending specialist, Elisa Townsend, was exceptionally helpful throughout the entire process. Additionally, Lindsay Jimenez assisted me with all the necessary bank approvals and provided excellent support. I cannot recommend HomeStar enough, as the service I received was truly incredible. They consistently prioritized the best interests of their clients, making the experience even more remarkable.
Terrible customer service and incompetent staff.
Read full reviewTerrible customer service and incompetent staff.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
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.