In this guide

  • Our verdict
  • Details
    • Product details
    • Fees
    • Pros & Cons
  • About this loan
  • Your reviews
  • Ask a question
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Homestar Star Gold Variable home loan

  • Richard Whitten's headshot
Homestar Star Gold
Interest rate
5.99 % p.a.
Comparison rate
5.99 % p.a.
Minimum Deposit
30 %
Offset account
Offset account available

Our verdict

Homestar’s Star Gold Variable home loan offers a low interest rate, minimal fees and a 100% offset account.

This loan is a really good option for borrowers who have saved very large deposits because you need a 30% deposit to get it. Most borrowers in Australia don't have that much. That makes this loan well-suited to refinancers who have had their loans for a while. If you've built up 30% home equity, you can get this very low rate. A 100% offset account also makes this loan very useful if you need somewhere to put your savings and pay less interest.

Pros

  • Very low variable interest rate
  • No ongoing fees
  • 100% offset account

Cons

  • Requires a very large deposit

In this guide

  • Our verdict
  • Details
    • Product details
    • Fees
    • Pros & Cons
  • About this loan
  • Your reviews
  • Ask a question

The Homestar Star Gold Variable home loan combines one of the market's lowest variable interest rates with a 100% offset account, flexible repayments and minimal fees.

Details

Product details

Product Name Homestar Star Gold (Owner Occupier, P&I)
Interest Rate Type variable rate
Repayment Type Principal & Interest
Comp. Rate 5.99%
Minimum Loan Amount $250,000
Maximum Loan Amount $2,000,000
Maximum Loan Term 30 years
Maximum LVR 70%
Loan Redraw Facility Yes
Offset Account Yes
Split Loan Facility Yes
Fixed Interest Option No
Loan Portable Yes
Extra Repayments Yes
Available as equity loan/line of credit No

Fees

Application Fee $0
Lender's Legal Fee $0
Valuation Fee $0
Ongoing Fees $0 p.a.
Settlement Fee $0
Discharge Fee $595

Pros & Cons

Pros and Cons

Pros

  • Very low variable interest rate
  • No ongoing fees
  • 100% offset account

Cons

  • Requires a very large deposit

About this loan

What are the features and benefits of the Homestar Star Gold Variable home loan?

  • You need a big deposit. With this loan, you can only borrow up to 70% of your property's value.
  • Loan amount. You can borrow up to $850,000, and your loan must be at least $250,000 in size.
  • Offset account. With a 100% offset account, this loan lets you save money in the account and offset your loan principal, meaning you can pay less interest while still having access to your cash.
  • Split and redraw. With this loan, you can split the loan up to four times into fixed and variable portions. You can also make extra repayments and then redraw them if needed.

Your reviews

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Ask a question

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Richard Finder

Editor

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Avatar

Olga

January 22, 2024

Hi there,


We are in the process of buying our next home and need advice on the best home loans and the best use of the money we have in the bank, i.e., if we should put every dollar into the next house or leave some in the bank.


Also, how much do you charge?


Kind regards,

Olga


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Richard Whitten Finder

January 22, 2024

Hi Olga,


At Finder we are only licensed to provide general information and we can’t provide personalised financial advise. You could speak to a mortgage broker or financial advisor.


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Vishal

October 17, 2022

I want to check if the homestar rate 3.99 includes all the RBA increases until today or there are any pending increases they still need to pass on?


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Rebecca Pike Finder

October 18, 2022

Hi Vishal,


Homestar advised that the interest rate does not include the RBA increase. The adjusted rates are expected to be released by next week.


Kind regards,

Rebecca


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Glenn

August 25, 2021

We would like to complete an application form for Homestar. Are we able to do this on line?


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Sarah Megginson Finder

September 09, 2021

Hi Glenn,


You can submit a Homestar home loan enquiry online through their website: https://homestarfinance.com.au/star-gold/.


Simply fill out the Home Loan Enquiry form then wait for one of their mortgage specialists to contact you via phone. The application process will usually be completed over the phone.


You’ll be asked to provide information like your contact details, income, current credit obligations, available credit limits, etc. You can also contact Homestar at 1300 462 209 if you have specific questions.


I hope this helps!


Thanks,

Sarah


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