Liberty Financial Star Home Loan Review

Rates and Fees verified correct on December 10th, 2016

The Liberty Financial Star (Variable) Home Loan comes with a competitive variable rate and a range of useful features including a redraw facility and the ability to make extra repayments.

With a variable rate from 3.79% p.a. and no application fees, the Liberty Financial Star Home Loan is a fully featured home loan that comes with a 100% offset account, unlimited splits and a free redraw facility.

Company and Trust Borrowers

Liberty Financial Star Home Loan is available for borrowers under a company or trust structure and/or with four or more properties in assets and liabilities whether investment or owner occupier. These borrowers will incur an additional loading of 0.50% on top of the below interest rates.

These borrowers will also need to pay an application fee of $995, which will be waived until 30 September. Contact Liberty Finance for more information on these loan types.

Interest Rate Max Insured LVR Max LVR
LVR > 80% (Investor, IO)
5.19% p.a.
Comparison Rate
5.49% p.a.
90% 80%
LVR > 80% (Investor, P&I)
5.24% p.a.
Comparison Rate
5.53% p.a.
80% 80%
LVR > 80% (IO)
4.94% p.a.
Comparison Rate
5.24% p.a.
90% 80%
LVR > 80% (P&I)
4.99% p.a.
Comparison Rate
5.28% p.a.
95% 80%
LVR >70% and ≤ 80% (Investor, IO)
4.59% p.a.
Comparison Rate
4.89% p.a.
80% 70%
LVR >70% and ≤ 80% (Investor, P&I)
4.39% p.a.
Comparison Rate
4.70% p.a.
80% 70%
LVR >70% and ≤ 80% (IO)
4.34% p.a.
Comparison Rate
4.65% p.a.
80% 70%
LVR >70% and ≤ 80% (P&I)
4.14% p.a.
Comparison Rate
4.45% p.a.
80% 80%
LVR ≤ 70% (Investor, IO)
4.34% p.a.
Comparison Rate
4.65% p.a.
70% 70%
LVR ≤ 70% (Investor, P&I)
4.04% p.a.
Comparison Rate
4.35% p.a.
70% 70%
LVR ≤ 70% (IO)
4.09% p.a.
Comparison Rate
4.40% p.a.
70% 70%
LVR ≤ 70% (P&I)
3.79% p.a.
Comparison Rate
4.10% p.a.
70% 70%
Product NameLiberty Financial Star Home Loan
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$50,000
Maximum Loan Amount$1,500,000
Minimum Loan Term10 years
Maximum Loan Term30 years
Maximum LVR85%
Maximum Insured LVR95%
Mortgage Offset AccountNo
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options

Application Fee$0
Lender's Legal Fee$0
Valuation Fee$0
Ongoing Fees$295 p.a.
Settlement Fee$0
Discharge Fee$395

Pros

  • $0 application fee.
  • $0 settlement fee.
  • Redraw extra repayments made for $0.
  • Fixed rate options as well as split options.

Cons

  • Annual service fee of $295.
  • $395 discharge fee when you close your home loan.

What to consider about the Liberty Financial Star (Variable) Home Loan

The Liberty Financial Star (Variable) Home Loan is a full documentation loan with a maximum loan-to-value (LVR) ratio of 95%.

With a fixed rate option available, this loan allows you to make principal and interest or interest-only repayments.

This loan is suited for both owner-occupiers and investors.

Features of the Liberty Financial Star (Variable) Home Loan

  • Maximum loan amount. With the Liberty Financial Star (Variable) Home Loan, you can borrow between $50,000 to $1,500,000.
  • Maximum LVR. You can borrow up to 95% loan-to-value (LVR) ratio with this loan however the interest rate changes based on the LVR and if you are not able to pay at least a 20% deposit you will have to lenders mortgage insurance (LMI).
  • Extra repayments. This loan comes with the ability to make additional repayments which means you can repay your loan sooner.
  • Redraw facility. A free redraw facility is available with this product which means you can access any additional repayments you’ve made towards the loan as you need them.
  • Offset account. A 100% offset account is available with this loan which allows you to minimise the interest payable over the lifetime of the loan.
  • Split loan facility. With the Liberty Financial Star (Variable) Home Loan, you can make unlimited splits to take advantage of the flexibility of a variable rate and the certainty of a fixed rate.
  • Repayment options. Choose between principal and interest or interest-only repayments and a weekly, fortnightly or monthly repayment schedule to suit your income stream.

Fees of the Liberty Financial Star (Variable) Home Loan

Fees you can avoid

  • Application fee: $0. With no application fee to worry about, you can focus on meeting your periodic repayments.
  • Settlement fee: $0. With this loan, you won’t be charged a settlement fee.
  • Redraw fee: $0. You can use the redraw facility without incurring a penalty.

Fees you can’t avoid

  • Ongoing fee: $295. An annual service fee applies with this loan.
  • Discharge fee: $395. You will need to pay a discharge fee to cover the administrative costs of discharging your loan.

How to apply for the Liberty Financial Star (Variable) Home Loan

If you’d like to apply for the Liberty Financial Star (Variable) Home loan, click on the ‘enquire now’ button to be redirected to the website where you can complete the application online.

You’ll need to supply documentation to support your application, such as:

  • Personal details (e.g. ID documents, date of birth, residential address)
  • Property details (e.g. property type and estimated value)
  • Asset details (e.g. any other properties or assets that you own)

Liberty Financial offer an online indicative pre-approval which estimates the amount you can borrow, regardless of your employment status or credit history.

The Liberty Financial Star (Variable) Home Loan is a full documentation loan with useful features including a 100% offset account and the ability to split your loan. Before you apply, compare a range of home loans available on the market to ensure that this will be the best fit for your borrowing needs.

Liberty Financial Star Home Loan Review Interest Rate History vs RBA Cash Rate Graph

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This page was last modified on 29 August 2016 at 16:35.

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Liberty Financial Star Home Loan

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $0 / $295

  • Max LVR

    85%

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