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HomeStart home loan
We'll get you started with
as little as a 5% deposit
The HomeStart Home Loan offers flexible interest rate and repayment options. You can buy an existing home, build, refinance, or buy land now and build later. We'll get you started with as little as a 5% deposit with less upfront costs.
| Features |
|
| Deposit |
Start with as little as a 5% deposit to buy an existing home, and 8% 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. |
| Borrow more |
Combine the HomeStart Home Loan with another loan to borrow up to 35% more, without increasing your repayments. |
| Buy or build |
Buy an existing home, build, refinance, or buy land now and build later. Available in metropolitan and some regional areas across South Australia. |
| Manageable loan repayments |
Our Repayment Safeguard breaks the link between interest rates and repayment amount. |
| 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 made voluntary repayments. |
| Repayment holidays |
Take a break from your home loan repayments. |
| Use your equity |
As your equity grows, you may have the option to use it to renovate or make home improvements. |
Download the HomeStart Home Loan fact sheet PDF (195KB)
Are you looking for a home loan with an even lower deposit? The Low Deposit and Graduate home loans can get you started with as little as a 3% deposit.
Terms, conditions, and eligibility criteria, fees and charges apply
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