News and Events
Keystart increases its interest rates
Friday, 5th October 2018
Keystart prides itself on providing a low deposit, low entry-cost home loan that can help West Australians into affordable home ownership.
Over the past six months, there has been a sustained increase in the cost of funding Keystart uses for its home loans. To continue our role of helping more people in to home ownership and remain sustainable, Keystart have amended our interest rate policy so that it is based on the average standard variable home loan rate of the four major banks, being the Australia and New Zealand Banking Group (ANZ), National Australia Bank (NAB), Westpac Banking Corporation (Westpac) and the Commonwealth Bank of Australia (CBA).
As a result, Keystart Loans will increase its standard variable interest rate by 0.18% to 5.34% effective 1 November 2018. This will ensure the long term financial viability of Keystart and ensure that we can assist more Western Australians to enter affordable home ownership for many years to come.
Interest rates are only one component of the total cost of a home loan, and we remain committed to reducing upfront costs by offering deposits as low as 2%, no ongoing fees and no lender’s mortgage insurance. We can help you to refinance when you are ready to do so, for example, when you have built up enough equity to meet the eligibility requirements of mainstream lenders. Head to our blog to read more about about Keystart’s interest rates, how to build equity, how to compare home loans and more.
New and existing loans funded after 16 October 2009
The standard variable interest rate is 5.34% effective 1 November 2018.
Existing loans funded prior to and including 16 October 2009
The standard variable interest rate is 4.56% effective 1 November 2018.
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