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Graduate Loan
We'll get you started with
as little as a 3% deposit
The Graduate Loan is a low deposit home loan with flexible loan options, to help you buy or build your own home sooner. It’s a good option for first home buyers, next home buyers or to refinance.
It’s available to graduates with a diploma, degree or higher qualification, as well as South Australian Police Officers and enrolled nurses. If you’ve completed your study within the last 10 years you could be eligible.
| Features |
|
| 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) |
We charge a Loan Provision Charge (LPC), which is much less than LMI for most borrowers. |
| 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 breaks the link between interest rates and repayment amounts. |
| 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. |
Download the Graduate Loan fact sheet PDF (185KB)
Not a graduate? You may be eligible for HomeStart's Low Deposit Loan.
Terms, conditions, and eligibility criteria, fees and charges apply
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