Graduate Loan

You’ve worked hard for your qualifications, now let them work for you. The Graduate Loan is a low deposit loan with flexible loan options, to help you buy or build your own home sooner. It’s a good option if you're a first home buyer or looking to buy your next home.

The Graduate Loan is available to eligible graduates with a Certificate III or higher qualification.
Available when buying a home in South Australia, for residential use only. Eligibility criteria apply.


Low deposit home loan Get started with as little as a 3% deposit to buy an established home, or a 6% deposit to build.
Save on Lenders Mortgage Insurance (LMI) Most lenders charge Lenders Mortgage Insurance. We have a Loan Provision Charge instead which costs a lot less for most customers.
Boost your borrowing power Option to combine with another loan to boost what you can borrow, without increasing your repayments.
Buy or build Available in metropolitan and some regional areas across South Australia.
Manageable loan repayments Our Repayment Safeguard helps take the stress out of interest rate changes by making your repayments more predictable.
Interest rate options Choose a variable, fixed or split interest rate. Fixed rates are available for terms of 1-3 years.
No monthly account keeping fees HomeStart's home loans have no account keeping fees.
Voluntary loan repayments Fee free voluntary loan repayments (capped at $10,000 p.a. for fixed rates).
Redraw Available if you have a variable loan and have made voluntary loan repayments.
Repayment holidays Take a break from your loan repayments.
Use your equity As your equity grows, you may have the option to use it to renovate after 12 months.

Graduate Loan fact sheet

Not a graduate? You may be eligible for HomeStart's Low Deposit Loan.

You can also learn more by visiting our educational website MyStart for useful tips on saving, buying a home and information for first home buyers.

Eligibility criteria, terms and conditions apply. Fees and charges are payable.

Get into your own home sooner

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