Is an Interest-Only Home Loan Right for You?
Pros and Cons Explained Interest-only home loans can
Redefining home loans is part of who we are, and it means real savings for you. We’ve already helped thousands of Australians save a collective $704 million—and the numbers keep growing.
Maximize your borrowing power with us! Get fully pre-approved for credit in just days, giving you the flexibility to secure the home you desire. Plus, make changes to your Straight Up or Power Up loan without any fees.
With our flexible offset accounts, you can manage your savings effectively while benefiting from our Power Up loan. The more funds you deposit into your offset, the lower your interest payments will be, helping you save even more over the life of your loan. Enjoy the freedom to maximize your savings while reducing your loan costs!
We offer a variety of loans tailored to every borrower, including homeowners, investors, and those needing specialized options for construction, self-employment, or bridging loans. If you’re facing unique challenges, we’re here to help.
If we can’t secure a loan for you, we’ll connect you with someone who can. Count on us to handle the search, paperwork, and negotiations on your behalf!
Our hassle-free, low-rate variable loan.
Feature packed, super flexible variable loan
Get repayment certainty by fixing your rate
Secure your ideal home quickly with increased borrowing capacity through our supportive policies.
Utilize our borrowing power calculator to crunch the numbers, or connect with our dedicated team of Aussie experts to discuss your unique situation.
Gain more than just borrowing power with no-fee offset accounts, consistently great rates, and unbeatable value.
Secure your 90-day pre-approval, ensuring your credit status is locked in. If interest rates fluctuate, your borrowing power remains unchanged.
Maximize your borrowing potential with Credit Star's borrower-friendly policies, allowing you to access more funds. Calculate your borrowing power quickly in just three minutes.
Get quick answers from your local experts! Simply send an SMS to your dedicated team and skip the wait on hold.
Leverage the equity in your property to finance your next purchase. We simplify and expedite your loan top-up process.
Lock in your 90-day credit approval, ensuring your borrowing power remains unchanged even if rates fluctuate.
Need answers quickly? Text your dedicated Loan Experts for immediate assistance—no more waiting on hold!
Assess your borrowing potential and repayment amounts; check your eligibility with no credit checks involved!
Our online application is straightforward. Submit it, and we’ll have you pre-approved in just days instead of weeks!
After approval, review and return your documents. We’ll take care of everything to help you move into your new home.
Our Australian-based Loan Experts are ready to assist you. Whether by phone, SMS, or live chat, you can reach out with your questions, and they’ll even guide you through the application process.
Pros and Cons Explained Interest-only home loans can
A property investment game plan is about setting
Cross-collateralisation can be a powerful tool for property
You could borrow up to 80% of your property’s value.
Find out how much you can borrow with our quick calculator—no credit checks required! In just 3 minutes, you’ll also be able to check your eligibility and estimate your potential repayments.
Your maximum borrowing amount is based on your financial profile, which we evaluate against our affordability criteria. We consider your income, expenses, savings, and credit history, along with existing debts like credit cards and personal loans. To ensure responsible lending, we also account for potential future scenarios, such as rising interest rates or income fluctuations.
Different lenders have unique lending policies and criteria, which can affect your borrowing capacity. Factors like Loan-to-Value Ratio (LVR) requirements and stress-testing scenarios vary, leading to potential differences in how much you can borrow with Credit Star versus other lenders. Each lender evaluates financial situations differently, impacting the final borrowing amount.
Typically, you’ll need a 20% deposit to secure Credit Star home loan. In some cases, a 30% deposit may be required based on factors such as the property’s location, type, or if it’s valued over $2.5 million. You can quickly calculate the required deposit for your desired area in just three minutes—no credit checks needed!
Buying a property with Credit Star is straightforward! Start by calculating your borrowing power and checking your eligibility in just three minutes—no credit checks involved. Next, complete our online application, which takes about 15 minutes. If you need pre-approval, we aim to provide it within a few days. Once you find your dream home, quickly upload your signed contract of sale so we can meet all your contract deadlines, including finance clauses and settlement dates.
CREDIT REPRESENTATIVE 506564
BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237)
With AcceleRATES, we’ll reduce your rate as you pay down your Straight Up or Power Up home loan.
At Credit Star, we ensure both new and existing customers enjoy the same competitive rates for comparable loans with our Automatic Rate Match.
Our Straight Up and Power Up loans come with absolutely no Credit Star fees!
Get lightning-fast refinancing to help you reach your goals sooner.
Apply online in just 15 minutes and receive a decision in seconds.
Connect with our Home Loan Experts by phone or text—they can even handle your application for you!
Our flexible policies allow you to borrow more with ease.
Use the extra funds for renovations or investing in another property.
Find out how much you can borrow in just 3 minutes!
Have questions or need help with your application? Our Aussie Loan Experts are ready to assist.
Weekdays 9am – 5pm AET
