$0 Switch Rate Fee waived for current HomeStart customers, when selecting one of our fixed rate options until 31 July 2020. Existing HomeStart fixed rate customers may incur break costs.
Current as of 29 June 2020
|Annual interest rate||Comparison rate|
|HomeStart Home Loan
and Graduate Loan
|1 Year Fixed Rate||2.99%||4.34%|
|2 Year Fixed Rate||3.09%||4.25%|
|3 Year Fixed Rate||3.19%||4.17%|
|Low Deposit Loan||1st Year Variable Rate
After 1st Year Variable Rate
|1 Year Fixed Rate||3.99%||4.43%|
|2 Year Fixed Rate
|3 Year Fixed Rate
2nd and 3rd year
|Seniors Equity Loan||Variable Rate||4.99%||5.02%|
Additional loansTaken out with a HomeStart loan, the rates , fees and charges below are in addition to the rates indicated above.
|Annual interest rate|
|Advantage Loan||Variable Rate||Based on CPI*|
|EquityStart Loan||Variable Rate||Based on CPI*|
|Shared Equity Option||Shared Equity Option allows you to borrow 33% more without increasing your repayments. Once you have reached your borrowing limit on a HomeStart home loan, the Shared Equity Option could provide access to additional funds without changing your monthly repayment.|
|Starter Loan and Wyatt Loan||Interest and repayment free for the first five years. It’s then combined with the HomeStart loan portion, which has regular loan repayments and interest charges.|
Comparison Rate calculated on the basis of secured credit of $150,000 over a term of 25 years based on monthly repayments (except for the Seniors Equity Loan which has no monthly repayments). These rates are for secured loans only.
Warning: Comparison rates apply only to the example given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.
Fees and charges
|Upfront Establishment Fee||$845.00|
|Upfront Establishment Fee (Home Equity Loans)||$500.00|
|Valuation Fee||at cost (including GST)|
|Progress Inspection Fee (construction)||at cost (including GST)|
|Loan Provision Charge||nil - $2970.00|
|Split Loan Establishment Fee||$150.00|
|Loan Variation Fee||$350.00|
|Disbursement Administration Fee (construction)||$250.00|
View the full fees and charges