home loans

HomeStart home loan

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. With no Lenders Mortgage Insurance and loans of up to 95% of the property value or purchase price (whichever is less), you can get started sooner.

Features
Deposit	Deposit costs start at 5% to buy an existing property, and 7% 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	Options 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.
Repayment options	Choose the Repayment Safeguard to break the link between interest rates and repayments, or a set loan term with Interest Linked Repayments.
Interest rate options	Choose a variable, fixed or split interest rate. Fixed rates are available for terms of 1-5 years.
No monthly account keeping fees	We don’t charge account keeping fees.
Voluntary repayments	Fee free voluntary repayments (capped at $10,000 p.a. for fixed rates).
Redraw	Available if you have a variable loan and have made voluntary 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, update or invest in another property.