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Liberty Financial Liberty Star Loan

Features

The Liberty Star Loan is tailored for people looking for a reasonable interest rate without compromising too much on the features.

The Liberty Star Loan also gives you the best of both worlds by letting you split your loan into both fixed and variable rates.

You can borrow up to 95 percent of the property value, to a total cost of $1.5 million, however all loans over 80 percent will have to pay Lender’s Mortgage Insurance.

The variable interest rate depends on your deposit size and generally speaking loan values of 70 percent or less have access to the lowest interest rate.

When it comes to flexibility, the Liberty Financial Star Loan lets you make repayments on a weekly, fortnightly or monthly basis, plus the option to pay interest only for a period of time.

The Liberty Sharp Loan has a 100 percent offset account which can potentially help save you thousands of dollars in interest over the life of the loan. You can also reduce the length of your loan by making additional repayments at any time without charge. Any additional payments made into the loan can be accessed anytime through the redraw facility.

Who is the Liberty Financial Liberty Star Loan good for?

With a low variable interest rate and no upfront fees, the Liberty Star Loan is appealing to both owner-occupiers and investors.

The lack of upfront fees and low deposit requirement gives this loan broad appeal, however the lack of branch network and high annual fees may put off some borrowers.

Review - What RateCity says

If you’re looking for a loan that gives you the best of both worlds and you’ve got more than a 30 percent deposit saved, this variable loan could be an option for you.

If you’re savvy with your savings, the 100 percent offset facility also has the potential to save you thousands of dollars. This together with the ability to make unlimited lump sum payments can help you own your home sooner.

The lack of upfront fees is a nice touch, however there is a high annual fee which is something to consider.

Liberty Financial Liberty Star Loan Options

The Liberty Star Loan from Liberty Financial is offered as a home and investment loan for different borrowing amounts at variable and fixed interest rates.

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Fixed Rates from

4.19%

Advertised rate

4.72%

Comparison rate

Variable Rates from

3.79%

Advertised rate

4.10%

Comparison rate
Pros
  • No upfront fees.
  • 100 percent offset account.
  • Redraw facility.
Cons
  • High annual fee.
  • Limited branch network.
  • Discharge fee.
Eligibility

Provide proof of employment and income.

Must be over 18.

Must meet serviceability criteria.

Suitable For
  • First Home Buyers
  • Owner-Occupiers
  • Refinancers
  • Investors
Fees
  • Estimated upfront fees: $0
  • Discharge fees: $395
  • Ongoing fees: $295 annually

The Liberty Star Loan has no upfront fee however there is a high annual fee and a discharge fee payable when the loan ends or if you choose to refinance with another lender.

Features
  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Weekly repayments
  • Fortnightly repayments
  • Monthly repayments
  • Loan allows split interest rate
About Liberty Financial

Since 1997, Liberty Financial has built a customer base of over 140,000 and prides itself on looking at bigger picture to make sure borrowers get the best loan regardless of their circumstances.

Liberty Financial have backing from large global banks like Deutsche Bank, Credit Suisse and National Australia Bank. 

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