Effective from 19 May 2022, HomeStart’s Standard Variable Interest Rate will increase by 0.25% p.a. to 4.64% p.a.
Interest rates applicable to the Low Deposit Loans (still in the first year) will increase from 5.39% p.a. to 5.64% p.a., and the Nunga2 Home Loans from 6.39% p.a. to 6.64% p.a., also effective 19 May 2022.
Interest rates applicable to the Seniors Equity Loan (settled between 1 July 2008 to 22 May 2016) will increase from 4.89% p.a. to 5.14% p.a., and Seniors Equity Loans settled prior to 1 July 2008 will increase from 4.39% p.a. to 4.64% p.a., also effective 19 May 2022.
Interest rates applicable to the Seniors Equity Loans (settled from 23 May 2016 onwards) will remain unchanged at 4.99% p.a. at this time.
Advantage and EquityStart Loan customers with contracts offered on or before 13 December 2021 please note the interest rate on the subsidised part of your loans will remain unchanged at this time.
Advantage Loan customers offered contracts on and from 14 December 2021 please note the interest rate on the subsidised part of your loans will increase from 1.10% to 1.16% also effective 19 May 2022.
If you have any questions, please contact HomeStart Finance on 8203 ...
HomeStart Finance Australian Credit Licence 388466