Thumbnail icon for Homestar

Homestar Star Gold Home Loan

Rate
2.29% p.a.
Comparison Rate*
2.32% p.a.
Service fee
$0.00
Upfront fee
$512

Mozo editorial review Homestar Star Gold Home Loan

Last updated: 18 February 2020.

binocular icon
What's hot
  • Low 2.69% variable rate (2.72% comparison rate*)
  • Free extra repayments
  • Free redraw facility
What's not
  • 40% deposit required
  • No offset account
Mozo snapshot

Online lender, Homestar’s Star Gold Home Loan comes with an enticingly low variable interest rate of 2.69% (2.72% comparison rate*) and is available to borrowers in metro areas looking to take out an owner-occupier loan. You will have to have at least a 40% deposit saved up to get it, but if you’re after a super low rate along with the option to make free extra repayments and a free redraw facility, then it may just be worth checking out.

key icon
Key features

With Homestar’s Star Gold Home Loan you could get a variable interest rate as low as 2.69% on loans between $150,000 and $750,000 (2.72% comparison rate*). You can bag this low rate if you have a 40% deposit and you’re looking to take out a principal and interest, owner-occupier loan, so it may suit those looking to downsize or refinance their current mortgage.

A low interest rate isn’t the only thing to write home about with this loan either, as it also comes with the chance to make free extra repayments and a free online redraw facility. That’s right, if you’re keen to make a big dent in your loan year on year, you’ll be able to chip away at your principal faster with fee free extra repayments. Although it should be noted that if you do manage to pay your loan off early, you will have to pay a $535 discharge fee. 

On the plus side of course, this home loan comes with no monthly or ongoing account keeping fees, meaning one less niggling fee to worry about. And if convenience is what you’re after, you might be interested to hear that you can also choose to make repayments weekly, fortnightly or monthly, depending on what schedule suits you best.

snapshot
Who is it good for

This home loan could be a good fit for you, if you have a 40% deposit or higher saved up and you’re keen to take advantage of a lower interest rate and a few extra features. That means refinancers with equity built up in their home, or anyone selling up and putting the money from the sale towards a new pad.

snapshot
Any catches

If you’re struggling to save up even a 20% deposit, then this home loan probably won’t work for you. It should also be noted that this particular home loan is only available to borrowers in metro areas, so if you’re looking to buy somewhere regional it won’t be an option.


Details

Rates and fees information correct as at 26 May 2020. 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
  • 2.29% p.a.

  • n/a

  • n/a

  • n/a

  • 2.32% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $264.00

  • $248.08

  • $0.00

  • n/a

  • $0.00

  • $535.00

Other financial bits
  • $150,000

  • $500,000

  • none

  • 60.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • no

  • Refinance Only. Metro areas only.

  • $535 discharge fee waived if the loan goes to full term.

  • 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 customer rating
6.8/10
Price
7.7/10
Features
6.7/10
Customer service
7.2/10
Convenience
6.2/10
Trust
6.5/10
Homestar

About Homestar

Homestar is a Sydney and Melbourne based company that offers home loans Australia wide, due to Homestar being a web and phone based non-bank lender that works to save you money. Homestar has been providing low rates on its home loans since 2004.

See Homestar home loans

Promoted

Homestar

Homestar

Star Essentials Home Loan

2.44% p.a.

2.47% p.a.

$0.00

Promoted

Homestar

Homestar

Star Gold Fixed Rate Home Loan

p.a.

n/a

$395.00 yearly

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.63% p.a. variable

2.65% p.a.

Promoted

ING

ING

Mortgage Simplifier

2.78% p.a. variable

2.81% p.a.

Promoted

UBank

UBank

UHomeLoan - Discount Offer

2.59% p.a. variable

2.59% p.a.

Promoted

ME

ME

Flexible Home Loan (Fixed, Member Package)

2.59% p.a.
fixed 3 years

3.39% p.a.

Promoted

HSBC

HSBC

Home Value Loan

2.65% p.a. variable

2.66% p.a.

Promoted

Homestar

Homestar

Star Essentials Home Loan

2.44% p.a. variable

2.47% p.a.

Promoted

Gateway Bank

Gateway Bank

Low Rate Essentials Home Loan

2.76% p.a. variable

2.79% p.a.

Promoted

Mortgage House

Mortgage House

Switch and Save Special - Fixed Home Loan

2.19% p.a.
fixed 3 years

2.65% p.a.

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.63% p.a. variable

2.65% p.a.

Promoted

UBank

UBank

UHomeLoan - Discount Offer

2.59% p.a. variable

2.59% p.a.

Promoted

ING

ING

Mortgage Simplifier

2.78% p.a. variable

2.81% p.a.

Promoted

Homestar

Homestar

Star Essentials Home Loan

2.44% p.a. variable

2.47% p.a.

Promoted

ME

ME

Flexible Home Loan (Fixed, Member Package)

2.59% p.a.
fixed 3 years

3.39% p.a.

Promoted

People's Choice Credit Union

People's Choice Credit Union

Basic Variable Home Loan

2.69% p.a. variable

2.69% p.a.

Promoted

HSBC

HSBC

Home Value Loan

2.65% p.a. variable

2.66% p.a.

Promoted

Newcastle Permanent

Newcastle Permanent

Real Deal Home Loan

2.94% p.a. variable

2.98% p.a.

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.63% p.a.

2.65% p.a.

Promoted

UBank

UBank

UHomeLoan - Discount Offer

2.59% p.a.

2.59% p.a.

Promoted

People's Choice Credit Union

People's Choice Credit Union

Basic Variable Home Loan

2.69% p.a.

2.69% p.a.

Promoted

Homestar

Homestar

Star Essentials Home Loan

2.44% p.a.

2.47% p.a.

Promoted

HSBC

HSBC

Home Value Loan

2.65% p.a.

2.66% p.a.

Promoted

Yard

Yard

Variable Home Loan

2.66% p.a.

2.69% p.a.

Promoted

Newcastle Permanent

Newcastle Permanent

Real Deal Home Loan

2.94% p.a.

2.98% p.a.

Promoted

Gateway Bank

Gateway Bank

Low Rate Essentials Home Loan

2.76% p.a.

2.79% p.a.

Promoted

UBank

UBank

UHomeLoan (Fixed)

2.29% p.a.
fixed 3 years

2.90% p.a.

Promoted

People's Choice Credit Union

People's Choice Credit Union

Fixed Rate Home Loan (Package)

2.29% p.a.
fixed 3 years

3.72% p.a.

Promoted

ING

ING

Fixed Rate Loan (Owner Occupiers with Orange Advantage)

2.14% p.a.
fixed 3 years

3.62% p.a.

Promoted

ME

ME

Flexible Home Loan (Fixed, Member Package)

2.59% p.a.
fixed 3 years

3.39% p.a.

Promoted

Homestar

Homestar

Star Gold Fixed Rate Home Loan

n/a

n/a

Promoted

Mortgage House

Mortgage House

Switch and Save Special - Fixed Home Loan

2.19% p.a.
fixed 3 years

2.65% p.a.

Promoted

loans.com.au

loans.com.au

Fixed Home Loan

2.88% p.a.
fixed 3 years

3.05% p.a.

Promoted

Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

2.39% p.a.
fixed 3 years

3.66% 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.