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How we calculate our home loan interest rates

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 focused 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 into home ownership earlier by lowering the entry costs rather than offering the lowest interest rate on the market. Our vision is to make the dream of affordable home ownership a reality for more people.

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.

NOTE: See Keystart's latest interest rate announcement.

And with Keystart only requiring a deposit as low as 2% and not charging lender’s mortgage insurance, you may potentially save thousands of dollars.

Compare our home loan rates

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You may find it useful to read more about interest rates, including what to consider when weighing up different lenders' interest rates. We have also prepared a guide to refinancing if you are considering your options. 

More about interest rates

A guide to refinancing

What's different about Keystart?

  • Low deposit

    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.
  • Lower entry costs

    Unlike other lenders, Keystart does not charge lender’s mortgage insurance on our low deposit loans, potentially saving our customers thousands. Keystart does not charge monthly account fees either.

    More about lender's mortgage insurance

  • Refinance when you’re ready

    As a transitional lender, Keystart encourages you to refinance when you 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.

    More about refinancing