Product Comparison Table

Keystart Loan Products Comparison Table

 

Keystart

SharedStart

Goodstart

Aboriginal

Disability

Sole Parent

             
Deposit * From 2% From 2% From 2% From 2% From 2% From 2%
Genuine savings From 1% 0% 0% 0% 0% 0%
Term of loan 30 years 30 years 30 years 30 years 30 years 30 years
Interest rate - variable 5.22% 5.22% 5.22% 5.22% 5.22% 5.22%
Comparison rate ^ 5.31% 5.31% 5.27% 5.29% 5.29% 5.29%
Maximum property value limit Yes Yes Yes Yes Yes Yes
Housing Authority equity share option N/A Yes Yes Yes Yes Yes
Maximum qualifying income limit Yes Yes Yes Yes Yes Yes
Lenders mortgage insurance No No No No No No
Loan keeping fees $0 $0 $0 $0 $0 $0
Additional repayments Yes Yes Yes Yes Yes Yes
Loan increases Yes Yes Yes Yes Yes Yes
  More Info More Info More Info More Info More Info More Info

 

Keystart Country Housing Loan

  For Farmers and Pastoralists For Rural Small Business Owners
Purpose - Build, purchase or renovate Yes Build or purchase only
Deposit/Equity (farming property as security) 20% 20%
Deposit/Equity (townsite residential property as security) 10% 10%
Genuine savings 0% 0%
Term of loan Up to 30 years Up to 30 years
Interest rate - Variable 5.22% 5.22%
Comparison rate ^ 5.22% 5.22%
Maximum property value limit No limit No limit
Maximum loan amount limit No limit No limit
Maximum qualifying income limit No limit No limit
Lenders mortgage insurance Not required Not required
Loan keeping fees $0 $0
Additional repayments Yes Yes
Owner builders Acceptable Acceptable
Land loan N/A N/A
  More Info More Info

* Higher of 2% or $2,000 is required.

^ Comparison rates: A comparison rate helps you identify the true cost of a loan.  Comparison rates above are based on a home loan of $150,000 for 25 years. Terms and conditions, fees and charges and normal lending criteria apply. 
WARNING: This Comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.