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- Owner Occupied Home Loan
Owner Occupied Home Loan
- Owner Occupied
- Fixed 1 year
- 20% min deposit
- P&I
Interest rate p.a.
6.95%
Comparison rate* p.a.
6.21%
Owner Occupied Home Loan
- Owner Occupied
- Fixed 1 year
- 20% min deposit
- P&I
Interest rate p.a.
6.95%
Comparison rate* p.a.
6.21%
Homestar Finance Fixed - 1 year Rate Home Loan overview
For Fixed Rate Home Loan (Principal and Interest) 1 Year
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
80%
Total repayments
Interest rate type
Fixed - 1 year
Borrowing range
$150k - $2m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Homestar Finance to view Target Market Determination.
Features
Extra repayments
Allowed with restrictions
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$395
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$395
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$535
RateCity says
"Lock in your home loan rate for a year, pay no ongoing fees, and make up to $20k p.a. in extra repayments with free online redraws."
Pros and Cons
For Owner Occupied Home Loan
Benefits
- No ongoing fees
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Limited extra repayments
- Higher than average interest rate
- Loan reverts to higher rate after fixed period
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
