Homestar Star Essentials Home Loan

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.

It doesn't have options for investors or interest-only repayments.

Interest Rate Max Insured LVR Max LVR
>$850k LVR up to 80% (Owner Occupier, P&I)
3.19% p.a.
Comparison Rate
3.22% p.a.
80% 80%
$150K to $850K LVR up to 80% (Owner Occupier, P&I)
2.99% p.a.
Comparison Rate
3.02% p.a.
80% 80%
$200K+ (Owner Occupier, P&I)
2.99% p.a.
Comparison Rate
3.02% p.a.
80% 80%
Product NameHomestar Star Essentials Home Loan
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$150,000
Maximum Loan Amount$1,000,000
Minimum Loan Term5 years
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR80%
Mortgage Offset AccountNo
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Suitable for InvestmentNo
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest
Application Fee$0
Lender's Legal Fee$265
Valuation Fee$250
Ongoing Fees$0 p.a.
Discharge Fee$535


  • No application fee
  • No monthly fees
  • Make extra repayments


  • $535 discharge fee
  • $250 valuation fee
  • No offset facility

What do I need to know about this loan?

This loan has a single 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.

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 do I apply for this loan?

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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Homestar Star Essentials Home Loan

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $0 / $0

  • Max LVR


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