Important disclosure
Star Essentials Home Loan
Find your ideal home loan from one of the 2 home loans from Homestar Finance
Principal and Interest (P&I)
Loan type | Loan to value ratio | Interest rate | Comparison rate | |
---|---|---|---|---|
Variable | Up to 70% | 5.89% p.a. | 5.89% p.a. | Product Info |
Variable | Up to 80% | 5.99% p.a. | 5.99% p.a. | Product Info |
Interest only
Loan type | Loan to value ratio | Interest rate | Comparison rate |
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Homestar Finance home loans are available through brokers who can help find the right loan and manage your application at no charge.
Homestar Finance Variable Rate Home loan overview
For Star Essentials Home Loan (LVR < 70%)
Details
Maximum LVR 70% | Total Repayments |
Interest rate type Variable | Borrowing range
$150k
-
$2m
|
Suitable for Owner Occupiers | Loan term range 5 - 30 years |
Repayment type Principal and Interest | Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA |
Target Market Determination Visit Homestar Finance to view Target Market Determination. |
Features
Extra repayments Unlimited | Redraw facility Redraw fee: $0 |
Offset account | Split interest facility |
Loan portability | Repayment holiday available |
Allow guarantors | Available for first home buyers |
Other benefits Discharge fee of $535 is waived if the loan reaches full term as per the loan agreement. |
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 $595 |
Pros and cons
For Star Essentials Home Loan (LVR < 70%)
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- No offset account
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 70% of the property's value
- No repayment holidays
How to apply
If you'd like to apply for this home loan or just get more information, follow the application process to speak to an Homestar Finance mortgage specialist.
FAQs
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