Keystart aims to make the dream of affordable home ownership a reality for more people. Our low deposit home loans have provided an attainable pathway into home ownership for more than 100,000 Western Australians.
Given the low deposit nature of the lending we provide, Keystart has an interest rate policy that enables us to manage our lending risk responsibly whilst remaining focussed on our vision.
As of 1 November 2018, our policy is to adjust our interest rates by adopting the average of the standard variable interest rate of the four major banks, that is the Australia and New Zealand Banking Group (ANZ), National Australia Bank (NAB), Westpac Banking Corporation (Westpac) and the Commonwealth Bank of Australia (CBA).
Our program is designed to help people get in to home ownership earlier by lowering the upfront costs rather than offering the lowest interest rate on the market.
While our interest rates may be above some rates you see advertised, Keystart's interest rates are currently below the standard variable rate offered by many mainstream lenders.
And with Keystart only requiring a deposit as low as 2% and not charging lender’s mortgage insurance, you may save many thousands of dollars.
See Keystart’s current interest rates here.
What’s different about Keystart?
Keystart’s standard home loan requires a deposit as low as 2%. Meaning it takes our customers less time to save a deposit, setting them on their home ownership journey sooner.
Read more: Compare options: wait and save or go with low deposit
No lender’s mortgage insurance. No monthly fees.
Unlike other lenders. Keystart does not charge lender’s mortgage insurance on our low deposit loans, saving our customers thousands. Keystart does not charge monthly account fees either.
Read more about LMI
Refinancing your loan whenever you’re ready
As a transitional lender, Keystart encourages clients to refinance when they are in a position to do so. If you are considering refinancing, you will need to take into account the current equity you have in your property, interest rates, fees and charges from the other lender and whether a new lender will charge lender’s mortgage insurance.