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Homestar Star Gold Home Loan

Advertiser disclosure
Rate
5.99% p.a.
Comparison Rate
5.99% p.a.
Service fee
$0.00
Upfront fee
$0

Mozo editorial review Homestar Star Gold 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*)
  • Free extra repayments and redraws
What's not
  • 30% deposit required
  • High upfront fees
Mozo snapshot

Online lender, Homestar’s Star Gold Home Loan comes with an enticingly low variable interest rate of just 5.99% (5.99% comparison rate*). You will have to have a deposit of at least 30% saved up to get it, but if you’re after a super low rate along with the option to make free extra repayments and to access a free redraw facility, then it may just be worth checking out. 

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Key features

With Homestar’s Star Gold Home Loan you can get a variable interest rate as low as 5.99% (5.99% comparison rate*) on loans between $250,000 and $850,000.* You can bag this low rate if your loan-to-value ratio (LVR) is 60% or below 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 gives borrowers the chance to chip away at their loan balance faster by making free extra repayments. There's also access to a free online redraw facility should you need to dip back into those payments for another purpose and an offset account. Although it should be noted that if you do manage to pay your loan off early, you will have to pay a $595 discharge fee. 

When you take out this home loan, keep in mind that there's a $395 settlement fee. On the plus side, 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 if you have a 30% deposit (or existing loan equity) or higher saved up and you’re keen to take advantage of a super-low variable rate, plus 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.

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Any catches

If you’re struggling to save up even a 20% deposit, then this home loan probably won’t work for you. 

Details

Rates and fees information correct as at 16 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

$0.00

n/a

$0.00

$595.00

Other financial bits

$250,000

$850,000

none

70.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$0.00

yes

yes

Refinance Only.

$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

^See information about the Mozo Expert Choice Home Loans Awards

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.

About Homestar

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6.59% p.a.
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5.69% p.a.
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5.99% p.a. variable

5.90% p.a.

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6.14% p.a. variable

6.16% p.a.

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6.04% p.a. variable

6.06% p.a.

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6.29% p.a. variable

6.20% p.a.

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6.24% p.a. variable

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6.09% p.a. variable

6.20% p.a.

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6.14% p.a. variable

6.20% p.a.

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South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% p.a.

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Unloan

Variable

5.99% p.a.

5.90% p.a.

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Macquarie

Basic Home Loan

6.14% p.a.

6.16% p.a.

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Greater Bank

Great Rate Home Loan

6.04% p.a.

6.06% p.a.

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Police Credit Union

Low Rate Home Loan

6.14% p.a.

6.20% p.a.

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Bendigo Bank

Express Home Loan

6.01% p.a.

6.14% p.a.

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Aussie

Elevate

6.09% p.a.

6.20% p.a.

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ING

Mortgage Simplifier

6.14% p.a.

6.17% p.a.

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Macquarie

Offset Home Loan (Package)

6.14% p.a.

6.39% p.a.

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Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

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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.

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ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

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ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

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Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

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ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

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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.

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