Why choose Homestar Finance

Benefits

  • Lower home loan fees than many other lenders
  • Flexible loan options
  • Loans have competitive interest rates

Drawbacks

  • No branch network

Homestar Finance Home Loans

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Australian Credit Licence 390860Fees & charges apply

5.98%

5.98%

$2,251

Star Gold Home Loan

    2024 Award Winner

  • Owner Occupied
  • Variable
  • 30% min deposit
  • P&I

Australian Credit Licence 390860Fees & charges apply

Australian Credit Licence 390860Fees & charges apply

6.05%

6.08%

$2,266

Star Essentials Home Loan
  • Owner Occupied
  • Variable
  • 40% min deposit
  • P&I

Australian Credit Licence 390860Fees & charges apply

Australian Credit Licence 390860Fees & charges apply

6.15%

6.18%

$2,287

Star Essentials Home Loan
  • Owner Occupied
  • Variable
  • 30% min deposit
  • P&I

Australian Credit Licence 390860Fees & charges apply

Australian Credit Licence 390860Fees & charges apply

6.25%

6.28%

$2,309

Star Essentials Home Loan
  • Owner Occupied
  • Variable
  • 20% min deposit
  • P&I

Australian Credit Licence 390860Fees & charges apply

Australian Credit Licence 390860Fees & charges apply

6.25%

6.28%

$2,309

Star Classic Easy Refi OO PI
  • Owner Occupied
  • Variable
  • 30% min deposit
  • P&I

Australian Credit Licence 390860Fees & charges apply

Home Loans calculator

Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.

$
130
25 years

Your estimated mortgage repayments

at interest rate 5.98%

Total interest payable

$0

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Contact a mortgage broker

Homestar Finance homeloans are vailable through brokers who can help find the right loan and manage your application at no charge.

Ainslie Conheady

VIC, 3205

Customer Representative Number: 511481

Homestar Finance customer service

Homestar Finance customers can make contact with customer support by calling the contact centre or by using the online enquiry form. As Homestar Finance is an online-only lender there is no option for face-to-face customer support. Customers can access their loan details through an online banking interface.

  • Customer service centre (phone)
  • Online banking

How to apply for a Homestar home loan

Borrowers wanting to apply for a Homestar Finance home loan can either complete an online enquiry form or call through to the Contact Centre for more support. 

Before applying for a Homestar Finance home loan, consider how much you can afford to borrow and what other costs you may need to pay. 

To apply for a Homestar Finance home loan, you will need to supply the following information:

  • Proof of identity
  • Proof of income and employment
  • Information about the property you’re using as security
  • A list of assets and liabilities

About Homestar Finance home loans

As an online home loan provider, Homestar Finance offers a relatively thin range of home loans.

This means its home loans are most suited to more typical owner-occupiers, investors and refinancers rather than those seeking specialist loans such as SMSF loans or high-LVR loans.

Homestar Finance home loans are available with a range of interest rate options:

  • Variable rate
  • Fixed rate
  • Principal and interest
  • Interest-only
  • Split loans

Homestar Finance home loans have a maximum loan term of 30 years. Offset accounts and redraw facilities are available with selected mortgages from Homestar Finance.

Unlimited extra repayments are allowed on some of its home loan offerings, while others allow extra repayments with restrictions.

Homestar Finance home loan rates

Unlike many other banks and home loan lenders, Homestar Finance operates online only and doesn’t have any branches. Thanks to lower overheads, it can pass savings on to customers in the form of lower interest rates.

While Homestar Finance's home loan interest rates can often be relatively low, it's important to also consider the cost of upfront and ongoing fees before you apply for a mortgage.

Homestar Finance’s home loan interest rates differ depending on the type of borrower. Typically, owner-occupiers paying principal and interest are offered the lowest rates, followed by owner-occupiers paying interest only or investors paying principal and interest, then by investors paying interest only.

Homestar Finance home loans review

Homestar Finance offers relatively no-frills online-only home loans, which may be more suitable for tech-savvy owner-occupiers, investors or refinancers. Homestar doesn’t offer specialist mortgages such as low-doc mortgages, high-LVR mortgages or SMSF mortgages.

Because it doesn’t have to maintain costly branches and in-branch staff, Homestar Finance home loan rates tend to be lower than those of many other banks, though it’s important to also consider the cost of upfront and ongoing fees. 

Homestar Finance offers home loans with options for extra repayments, offset accounts and redraw facilities, which may appeal to those who want more control over their mortgage.

Homestar Finance home loans can be principal and interest or interest-only, while borrowers can also choose for their mortgages to be variable, fixed or split.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.