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Homestar Star Essentials Home Loan

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Homestar's Star Essentials mortgage is a variable rate loan for homebuyers that sticks to the basics and offers a very low rate.

If you're hoping to buy a home and you have a 20% deposit then the Star Essentials Home Loan could be a good option. The loan is flexible, keeps fees to a minimum and has a very low interest rate.

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Expert review

Richard Whitten

Review by


Richard Whitten is a senior writer at Finder covering home loans and property. He helps everyone understand the ins and outs of mortgages so they can make smarter property decisions. He has written for Yahoo Finance, Money Magazine, Homely, and for multiple banks and lenders. Richard trained as a high school teacher but found it easier to manage personal finances than a classroom full of kids. Before joining Finder, he edited textbooks and taught English in South Korea. Richard has a Bachelor of Education, a Graduate Certificate in Communication and is currently studying a Certificate IV in Finance and Mortgage Broking.

Expert review

This loan has a variable rate for principal and interest owner-occupier borrowers. The loan has a maximum LVR of 80%, which means you'll need a 20% deposit.

Homestar is an online lender. It doesn't have physical branches but offers customer support online and over the phone.

About this loan

What are the features and benefits of the Star Essentials Home Loan?

  • Loan amount. You can borrow as little as $150,000 and as much as $1,000,000.
  • Purpose. This product is only for owner-occupiers buying a home to live in, not an investment property.
  • Repayment flexibility. You can repay this loan monthly, weekly or fortnightly. You can also make unlimited extra repayments.
  • Deposit size. You can borrow up to 80% of your property's value. There's no low deposit option.

What fees and charges come with this loan?

The Star Essentials Home Loan keeps fees to a minimum.

  • Settlement fee. There may be a third-party disbursement fee. This isn't charged by Homestar.
  • Late payment fee: $20. If your payments are overdue, there's a small fee.
  • Redraw. There's no fee for online redraw but there's a small fee for manual redraw.

How to apply

To apply for this product or get more information, click the green "Go to site" button and follow the application process to speak to a Homestar mortgage specialist. They'll talk you through eligibility requirements and help you with the application.

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