Advantage Loan

Advantage Loan

An additional loan of up to $45,000 for people earning under $60,000 p.a. after tax.

The Advantage Loan is combined with another HomeStart loan to boost your borrowing power so you can live where you want sooner without increasing your monthly repayments.

Boosting your borrowing power means you could have more options to choose from when looking for a property and better afford the sort of home you’d like to buy.


Boost your borrowing power The Advantage Loan is combined with a HomeStartGraduate or Low Deposit loan to boost your borrowing power by up to $45,000. You could get started from as little as 3% deposit.
Subsidised interest rate The Advantage Loan has a lower interest rate equivalent to CPI.
Eligibility Available if your household earns up to $60,000 per year ($1,154 per week) after tax.
Repayments Repayments are not required on the Advantage Loan until you’ve paid your HomeStart loan portion in full.
Voluntary repayments Fee free voluntary repayments (capped at $10,000 p.a. for fixed rates).

Advantage Loan fact sheet     Target Market Determination

Need more information? Visit our educational website MyStart for useful tips on saving, budgeting and buying a home.

HomeStart's Advantage Loan helped Nyssa to borrow more.

Eligibility criteria, terms and conditions apply. Fees and charges are payable.