Rates & fees

Rates & fees

Find out the specific fees that may be applicable to your HomeStart loan, as well as the general fees that apply if you access our various loan options.

Current as of 7 December 2023 

Home loans

  Annual interest rate Comparison rate
HomeStart Home Loan
and Graduate Loan 
Variable Rate 8.64% 8.72%
1 Year Fixed Rate 7.59% 8.61%
2 Year Fixed Rate 7.49% 8.49%
3 Year Fixed Rate 7.49% 8.39%
Low Deposit Loan 1st Year Variable Rate
After 1st Year Variable Rate


1 Year Fixed Rate 8.59% 8.72%
2 Year Fixed Rate
1st year
2nd year

3 Year Fixed Rate
1st year
2nd  and 3rd year

Seniors Equity Loan Variable Rate¹ 7.89% 7.92%
¹ Pre 01 July 2008 Seniors Equity Loans = 8.64%; 01 July 2008 to 23 May 2016 Seniors Equity Loans = 9.14%.

Additional loans

Taken 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
  • For customers from 14 December, 2021: 2.16%
  • For customers before 14 December, 2021: based on CPI ³
EquityStart Loan Variable Rate Based on CPI ³
Shared Equity Option Shared Equity Option allows you to borrow up to 25% of the property price or property valuation, whichever is lower, up to a maximum of $200,000. The Shared Equity Option cannot be greater than the primary loan amount
Starter Loan and Wyatt Loan

The Starter Loan can provide up to $10,000 toward upfront costs and offer an interest and repayment free period of seven years.

The Wyatt Loan can provide $12,000 towards upfront costs and offer and interest and repayment free period of five years. 

³ For existing customers only. CPI Calculated using the Consumer Price Index, averaged over 2 quarters

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 fees
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)
Lenders Mortgage Insurance (LMI) nil
Split Loan Establishment Fee $150.00
Loan Variation Fee $350.00
Settlement Fee $200.00
Disbursement Administration Fee (construction)  $250.00

View the full fees and charges