Homestar logo

Homestar Star Classic 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 70%
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 principal & interest loan between $150,000 and $1,000,000 with an LVR below 90%

Choose the version of this loan that suits you best

Availability Loan type LVR Min loan amount Max loan amount
Owner Occupier Principal & Interest < 70% $150,000 $1,000,000
Owner Occupier Principal & Interest 70%-80% $150,000 $1,000,000
Owner Occupier Principal & Interest < 90% $150,000 $1,000,000
  • Owner Occupier (Principal & Interest)
    LVR < 70%
    Loan: $150,000 $1,000,000
  • Owner Occupier (Principal & Interest)
    LVR 70%-80%
    Loan: $150,000 $1,000,000
  • Owner Occupier (Principal & Interest)
    LVR < 90%
    Loan: $150,000 $1,000,000
Rate
5.99% p.a.
Comparison Rate
5.99% p.a.
Service fee
$0.00
Upfront fee
$395
Rate
6.09% p.a.
Comparison Rate
6.09% p.a.
Service fee
$0.00
Upfront fee
$395
Rate
6.54% p.a.
Comparison Rate
6.54% p.a.
Service fee
$0.00
Upfront fee
$395

Mozo editorial review Homestar Star Classic Home Loan - last updated: 18 April 2024

binocular icon
What's hot
  • Low 5.99% p.a. variable rate (5.99% p.a. comparison rate*) for <70% LVR
  • No ongoing service fees
  • Free extra repayments and redraw facility
What's not
  • $535 discharge fee
Mozo snapshot

Is a low variable rate at the top of your home loan wish list? If so, the Star Classic Home Loan from Homestar with its super low 5.99% p.a. variable interest rate (5.99% p.a. comparison rate*) for <70% LVR should be on your radar. The loan even comes with handy features such as free extra repayments, a free online redraw facility and even a 100% offset account.

key icon
Key features

The Star Classic Home Loan has a competitive variable home loan rate available to owner occupiers. Borrowers wanting to take out a loan between $150,000 and $800,000 and willing to make principal and interest repayments will be able to snag a variable rate of just 5.99% p.a. (5.99% p.a. comparison rate*) for an LVR of <70%.

In addition to the low rate, the loan also comes with a few useful features for borrowers looking for some extra loan flexibility. Mortgage holders can make free extra repayments to pay off their loan faster, dip into those additional payments via the online redraw facility and choose whether they want to make repayments on a weekly, fortnightly or monthly schedule. There’s even an offset account

Borrowers won’t need to worry about forking out a monthly or annual service fee or an application fee, but 

Keep in mind that this loan comes with a $395 settlement fee and a $595 discharge fee to consider (unless the loan is taken to term).

snapshot
Who is it good for

Given the low rate, relatively few fees and selection of features, Homestar’s Star Classic Home Loan could be a worthy option for both new home buyers or borrowers looking to refinance.  

question icon
Any catches

While the Star Classic Home Loan has a lot of positives, it’s only available to owner occupiers willing to make principal and interest repayments with an LVR below 90%. That means investors, or owner occupiers wanting to make interest-only repayments will need to look elsewhere. 

Details

Rates and fees information correct as at 15 July 2024. 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

5.99% p.a.

n/a

n/a

n/a

5.99% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

n/a

$395.00

n/a

$0.00

$595.00

Other financial bits

$150,000

$1,000,000

none

70.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

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.

Details

Rates and fees information correct as at 15 July 2024. 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

6.09% p.a.

n/a

n/a

n/a

6.09% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

n/a

$395.00

n/a

$0.00

$595.00

Other financial bits

$150,000

$1,000,000

70.00%

80.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

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.

Details

Rates and fees information correct as at 15 July 2024. 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

6.54% p.a.

n/a

n/a

n/a

6.54% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

n/a

$395.00

n/a

$0.00

$595.00

Other financial bits

$150,000

$1,000,000

none

90.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

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.

Customer Reviews

How are Homestar home loans rated by the Mozo community?

Overall
5.5/10
Price
7.4/10
Features
5.9/10
Customer service
5.4/10
Convenience
5.0/10
Trust
5.4/10
Based on 39 Homestar home loan reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Latest reviews of Homestar Star Classic Home Loan

About Homestar

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a. variable

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

Thumbnail icon for Greater Bank
Greater Bank

Great Rate Home Loan

6.19% p.a. variable

6.21% p.a.

Thumbnail icon for Police Credit Union
Police Credit Union

Low Rate Home Loan

6.14% p.a. variable

6.20% p.a.

Thumbnail icon for HSBC
HSBC

Home Value Loan

6.09% p.a. variable

6.09% p.a.

Thumbnail icon for Unloan
Unloan

Variable

6.29% p.a. variable

6.20% p.a.

Thumbnail icon for ANZ
ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

Thumbnail icon for South West Slopes Bank
South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a. variable

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a. variable

6.16% p.a.

Thumbnail icon for Greater Bank
Greater Bank

Great Rate Home Loan

6.19% p.a. variable

6.21% p.a.

Thumbnail icon for Unloan
Unloan

Variable

6.29% p.a. variable

6.20% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan

6.24% p.a. variable

6.48% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a. variable

6.20% p.a.

Thumbnail icon for Police Credit Union
Police Credit Union

Low Rate Home Loan

6.14% p.a. variable

6.20% p.a.

Thumbnail icon for South West Slopes Bank
South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a.

6.16% p.a.

Thumbnail icon for Greater Bank
Greater Bank

Great Rate Home Loan

6.19% p.a.

6.21% p.a.

Thumbnail icon for Police Credit Union
Police Credit Union

Low Rate Home Loan

6.14% p.a.

6.20% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan

6.01% p.a.

6.14% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a.

6.20% p.a.

Thumbnail icon for ING
ING

Mortgage Simplifier

6.14% p.a.

6.17% p.a.

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.14% p.a.

6.39% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

Thumbnail icon for South West Slopes Bank
South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.35% p.a.
fixed 3 years

6.26% p.a.

Thumbnail icon for ING
ING

Fixed Rate Loan

6.09% p.a.
fixed 3 years

6.15% p.a.

Thumbnail icon for ANZ
ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

Thumbnail icon for Community First Bank
Community First Bank

Basic Variable Home Loan

5.94% p.a.

5.99% p.a.

$0.00

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.

Compare other home loans