- Home
- Home Loans
- Homestar Finance
- Fixed Rate Home Loan (Principal and Interest) 1 Year
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%
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."
Calculate your repayments for this loan
$
Your estimated repayment
$3,310
based on 500000 loan amount for 25 years at 6.95%
Monthly Repayment
$3,310
Total interest
$598,319
Total payments
$1,093,024
Start date
05-2024
End date
05-2049
$1,093,024
025 years
Principal owed
Total repayments owed
Interest owed
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
Homestar Finance Fixed - 1 year Rate Home Loan overview
For Fixed Rate Home Loan (Principal and Interest) 1 Year
Details
Maximum LVR
80%
Total repayments
$1,093,024
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
