Limited Time Special3
1.79%
Interest rate p.a 1
(Principal and Interest)
1.84%
Comparison rate p.a 1,2
Super Low Rate
Pay Anyone & BPAY® Available
Weekly, Fortnightly or Monthly Repayments
Multiple Loan Splits Possible
Visa Debit Card
No Monthly Fees
Free Online Redraws
Schedule Recurring Payments or Transfers
Unrestricted Extra Repayments
Offset Account
| Loan Setup Fees | Variable Rate | Fixed Rate |
| Application Fee | $395 Star Gold Only |
$0 |
| Monthly Account Fee | $0 | $0 |
| Annual Account Fee (Fixed period only) |
$0 | $395 |
| Valuation Fee | $251.354,5 | $251.354,5 |
| Legal Documentation Fee | $2644,5 | $2644,5 |
| Fixed Rate Lock In fee (optional) | - | $4954,5 |
| Verification of Identity Fee | $27.504,5 | $27.504,5 |
| PEXA Fee | $57.204,5 | $57.204,5 |
| Government Charges and Search Fees | At Cost4,5 | At Cost4,5 |
| Discharge Fee | $5356 | $5356 |
| Product |
Star Classic Investment Variable Rate |
Star Classic Investment Fixed Rate 2 Year Fixed Special |
Star Classic Investment Fixed Rate Standard Rates |
Star Classic Investment Construction |
||
| Principal & Interest | Interest Only | Principal & Interest | Interest Only | |||
| Rate (80% LVR) | 2.29%1 | 2.59%1 | 1.99%1 | 2.59%1 | 2.89%1 | 2.59%1 |
| Comparison Rate | 2.32%1 | 2.62%1 | 2.32%1 | 2.39%1 | 2.70%1 | 2.72%1 |
| Variable | ✔ | ✔ | ✘ | ✘ | ✘ | ✔ |
| Term | 30 Years | 30 Years | 30 Years | 30 Years | 30 Years | 30 Years |
| Interest Only Period | ✘ | 5 Years | ✘ | ✘ | 5 Years | 1 Year |
| Maximum Loan Amount (Single Security)* | $1,500,000 | $1,500,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,250,000 |
| Maximum Loan- Amount (Multiple Security)* | $2,000,000 | $2,000,000 | $2,000,000 | $2,000,000 | $2,000,000 | $2,000,000 |
| Maximum Loan-to-Value Ratio* | 90% | 90% | 90% | 90% | 90% | 80% |
| Accepts Weekly/Fortnightly/Monthly Payments | ✔ | Monthly Only | ✔ | ✔ | Monthly Only | ✔ |
| Available for: | ||||||
| Home Purchase | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| Home Refinance | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| Construction | ✘ | ✘ | ✘ | ✘ | ✘ | ✔ |
| Features: | ||||||
| Internet Banking | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| BPAY | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| Debit Card | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| Free Loan Splits | 4 | 4 | 4 | 4 | 4 | 4 |
| Redraw | ✔ | ✔ | Max $20,000 p.a. |
Max $20,000 p.a. |
Max $20,000 p.a. |
✘ |
| Offset Account | ✔ | ✔ | Max $20,000 p.a. |
Max $20,000 p.a. |
Max $20,000 p.a. |
✘ |
| Read more | Read more | Read more | Read more | |||
*Loan borrowing amounts, Loan-to-Value Ratio and Rates are subject to terms, conditions, eligibility criteria and final credit assessment.
| Product |
Star Gold Owner Occupied |
Star Essentials Owner Occupied |
Star Classic Owner Occupied Variable Rate |
Star Classic Owner Occupied Fixed Rate 2 Year Special |
Star Classic Owner Occupied Fixed Rate Standard Rates 1-3 Years |
Star Classic Owner Occupied Construction |
||
| Principal & Interest | Principal & Interest | Principal & Interest | Interest Only | Principal & Interest | Principal & Interest | Interest Only | ||
| Rate (80% LVR) except Star Gold | 1.79%1 | 1.99%1 | 2.09%1 | 2.39%1 | 1.79%1 | 2.39%1 | 2.69%1 | 2.39%1 |
| Comparison Rate | 1.84%1 | 2.02%1 | 2.12%1 | 2.42%1 | 2.12%1 | 2.19%1 | 2.49%1 | 2.52%1 |
| Variable | ✔ | ✔ | ✔ | ✘ | ✘ | ✘ | ✔ | |
| Term | 30 Years | 30 Years | 30 Years | 30 Years | 30 Years | 30 Years | 30 Years | 30 Years |
| Interest Only Period | ✘ | ✘ | ✘ | 5 Years | ✘ | ✘ | 5 Years | 1 Year |
| Maximum Loan Amount (Single Security)* | $850,000 | $1,500,000 | $1,500,000 | $1,500,000 | $1,500,000 | $1,500,000 | $1,500,000 | $1,250,000 |
| Maximum Loan- Amount (Multiple Security)* | N/A | $2,000,000 | $2,000,000 | $2,000,000 | $2,000,000 | $2,000,000 | $2,000,000 | $2,000,000 |
| Maximum Loan-to-Value Ratio* | 60% | 80% | 90% | 90% | 90% | 90% | 90% | 80% |
| Accepts Weekly/Fortnightly/Monthly Payments | ✔ | ✔ | ✔ | Monthly Only | ✔ | ✔ | Monthly Only | ✔ |
| Available for: | ||||||||
| Home Purchase | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| Home Refinance | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| Construction | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✔ |
| Features: | ||||||||
| Internet Banking | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| BPAY | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| Debit Card | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| Free Loan Splits | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Redraw | ✔ | ✔ | ✔ | ✔ | Max $20,000 p.a. |
Max $20,000 p.a. |
Max $20,000 p.a. |
✘ |
| Offset Account | ✔ | ✘ | ✔ | ✔ | Max $20,000 p.a. |
Max $20,000 p.a. |
Max $20,000 p.a. |
✘ |
|
Read more |
Read more |
Read more |
Read more |
Read more |
Read more |
|||
*Loan borrowing amounts, Loan-to-Value Ratio and Rates are subject to terms, conditions, eligibility criteria and final credit assessment.
We've made it easy
Simply place an enquiry online or call us
with one of our Loan Specialists
Throughout the process
Enjoy the Savings!
Homestar Finance Pty Ltd ACN 109 413 498 Australian Credit Licence Number 390 860 has been providing affordable home loans to Australian families since 2004. We are a wholly owned subsidiary of Columbus Capital Pty Ltd, an Australian private company with over $7 billion in loans under management.
Homestar Finance is a proud sponsor of the Sydney Thunder Cricket Team (KFC Big Bash League).
All you need to begin your application online are details of your income, current credit obligations (like personal loans and car loans), available credit limits (from credit cards, store cards and interest fee accounts) and the amount you are looking to borrow.
In general, we do not offer face-to-face appointments because this would significantly add to the cost of providing you with your loan. We would need to pass this cost on to you in the form of higher interest rates or fees – which we really do not want to do! Our Lending Specialists use great loan processing technology so that we can do all the things that you would typically expect in a face-to-face loan application process by phone- and we can do it in a fraction of the time that a face-to- face meeting would take.
Lenders Mortgage Insurance (LMI) is insurance that protects the lender in the event the borrower defaults and the security property is sold and the funds from the proceeds of the sale are not enough to discharge the loan. The LMI then pays the Lender the shortfall. The rights to recover the shortfall from all of the parties on the loan (borrowers) are then transferred across to the LMI who will pursue the shortfall. The cost of LMI insurance is a one off payment at the start of the loan. It is usually added to the loan amount and should not be confused with Building Insurance or Income Protection Insurance
A comparison rate is a legislated calculation which gives consumers an idea of the actual cost of the loan, as it includes the interest rate and the standard fees applicable to that loan. It avoids consumers being misled by lenders advertising a lower interest rate, but charging high fees to compensate for the low rate.
The Homestar Finance Internet Access Mobile App has arrived!
1 Rates shown apply to new eligible Owner Occupied home loans only, up to 60% LVR, loan amounts minimum of $250,000 and up to $850,000 and at least one applicant is on PAYG employment. Rates are subject to change without notice. Existing borrowers may have different interest rates which are dependent on the rate offered to the borrower at the date when a home loan settled and any reductions or increases the lender decided to make on the existing loan over time. Accordingly, there is not one standard variable rate that applies to all Homestar home loans and existing customers can confirm their current rate(s) by logging in to internet banking or by contacting customer service. Terms, conditions, and eligibility criteria apply.
2 Comparison rates are based on a basic Homestar loan, on a $150,000 loan amount over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
3 This is a Limited Time Special, only available on applications received by 29th October 2021 and settlement by 31st January 2022. No other offers in place (no cashback and no fee waiver).
4Third party cost(s) incurred by service provider(s) are payable and may vary or increase depending on the service provider, nature of the service and request. Any additional cost(s) are passed on directly to the applicants(s). If there is a variation or an increase, a separate quote will be provided.
5Disbursements payable.
6Discharge fee is waived if loan reaches full term as per the loan agreement.
Other fees and charges may apply.
DISCLAIMER: Terms, conditions and eligibility criteria apply to all our loan products and features. Fees, charges and disbursements are payable. Final approval is subject to credit assessment. Information valid as at 24th August 2021 which is subject to change without notice. Please consider if the product is appropriate for your individual circumstances. If you need assistance or have any questions about a product or feature and its suitability, please contact our Loan Specialists.
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