Current as of 6 March 2025
Home Loans
HomeStart Loan & Graduate Loan
Annual interest rate | Comparison rate | |
|---|---|---|
| Variable | 8.39% | 8.47% |
| 1 Year Fixed | 7.79% | 8.41% |
| 2 Year Fixed | 7.69% | 8.33% |
| 3 Year Fixed | 7.59% | 8.24% |
Low Deposit Loan
Annual interest rate | Comparison rate | |
|---|---|---|
| 1st Year Variable Rate | 9.39% | 8.58% |
| After 1st Year Variable Rate | 8.39% | |
| 1 Year Fixed Rate | 8.79% | 8.51% |
| 2 Year Fixed Rate | 8.44% | |
| 1st year | 8.69% | |
2nd year | 7.69% | |
| 3 Year Fixed Rate | 8.35% | |
| 1st year | 8.59% | |
| 2nd and 3rd year | 7.59% |
Seniors Equity Loan
Annual interest rate | Comparison rate | |
|---|---|---|
| Variable Rate¹ | 7.89% | 7.92% |
¹ Pre 01 July 2008 Seniors Equity Loans = 8.39%; 01 July 2008 to 23 May 2016 Seniors Equity Loans = 8.89%.
Additional Loans
Taken out with a home loan with HomeStart, the rates, fees and charges below are in addition to those indicated above.
Advantage Loan
| Rate | Annual interest rate |
|---|---|
| Variable | For customers from 14 December 2021: 2.10% |
| For customers before 14 December 2021: based on CPI ³ |
EquityStart Loan
| Rate | Annual interest rate |
|---|---|
| Variable | Based on CPI³ |
Shared Equity Option
The Shared Equity Option is an interest-free and repayment-free loan which allows you to borrow up to 25% of the purchase price or property valuation, whichever is lower. While interest is not charged on the Shared Equity portion of your loan, HomeStart will share in a portion of the gain in property value when you sell or refinance your home.
Starter Loan
The Starter Loan can provide up to $10,000 toward upfront costs and offer an interest and repayment free period of seven 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) | $350.00 |
| Valuation Fee | At cost (including GST) |
| Progress Inspection Fee (construction) | At cost (including GST) |
| Lenders Mortgage Insurance (LMI) | Nil |
| Split Loan Establishment Fee | $350.00 |
| Loan Variation Fee | $350.00 |
| Settlement Fee | $200.00 |
| Disbursement Administration Fee (construction) | $250.00 |
View the full fees and charges >
R/24/507233