Is an Interest-Only Home Loan Right for You?
Pros and Cons Explained Interest-only home loans can
Redefining home loans is part of who we are, and it means real savings for you. We’ve already helped thousands of Australians save a collective $704 million—and the numbers keep growing.
Easily unlock your home’s equity and boost your borrowing power.
Switch your loan type, adjust repayment frequency, or top-up when needed—completely free with our Straight Up and Power Up loans.
With our flexible offset accounts, you can manage your savings effectively while benefiting from our Power Up loan. The more funds you deposit into your offset, the lower your interest payments will be, helping you save even more over the life of your loan. Enjoy the freedom to maximize your savings while reducing your loan costs!
Easily manage up to 10 separate loans on your property. Each loan can be tailored to your needs—choose between fixed or variable rates, owner-occupied or investment status, principal and interest (P&I) or interest-only (IO) options, and set varied loan terms.
Our specialists are well-versed in the investor landscape. Reach out to discuss strategies for unlocking equity, structuring your loans, or enhancing your borrowing capacity. They’re always available to support your success, just a text or call away.
We offer a variety of loans tailored to every borrower, including homeowners, investors, and those needing specialized options for construction, self-employment, or bridging loans. If you’re facing unique challenges, we’re here to help.
If we can’t secure a loan for you, we’ll connect you with someone who can. Count on us to handle the search, paperwork, and negotiations on your behalf!
Whether you’re looking for a straightforward or complex solution, we’ve got a loan with competitive rates tailored for your property needs.
Repayment Type
Our hassle-free, low-rate variable loan.
Feature packed, super flexible variable loan
Get repayment certainty by fixing your rate
Investors can retain their hard-earned returns with our fee-free loan options. Plus, as you pay down your Straight Up or Power Up loan, we'll reduce your rate.
Access fast equity release, top-ups, split loans, multiple offsets, cross-collateralization, and competitive interest-only rates.
Connect with a specialized Investor Expert via text or chat to enhance your portfolio.
With Credit Star, you benefit from a dedicated Investor Expert who understands your unique situation and brings extensive knowledge to the table.
Enjoy fast replies via SMS or online chat with your dedicated team, plus options for phone and email communication.
Your Investor Expert will assist you in structuring your loan effectively to align with your investment strategy and maximize your outcomes.
Enhance your tax-deductible interest by utilizing split loans to maximize your investment debt.
Customize our offset accounts to align with your tax strategy. Set up single or multiple offsets to allocate your funds as needed.
Utilize cross-collateralization to access equity from your properties and expand your investment portfolio.
Evaluate your existing loan, determine your eligibility, and estimate your repayments—all without any credit checks!
Our online application takes just 15 minutes and delivers a decision in 60 seconds.
After approval, simply review and return your documents, and we'll ensure you get settled and start saving quickly.
Connect with our dedicated Investor A-team to explore equity unlocking, loan structuring, or maximizing your borrowing potential. They’re ready to assist you with quick SMS or live chat responses—no waiting on hold! Prefer a phone conversation? They’d be happy to chat.
Pros and Cons Explained Interest-only home loans can
A property investment game plan is about setting
Cross-collateralisation can be a powerful tool for property
Your repayments with Credit Star depend on your loan amount, interest rate, and loan term. You can calculate your estimated repayments easily using our online calculator, which takes into account your specific loan details.
Typically, you’ll need a minimum deposit of 20% for your loan. The amount you can borrow is based on your financial situation, including income, expenses, and credit history.
You can cash out from your existing property’s equity by refinancing your home loan. This allows you to access funds for investment or other expenses. Speak with one of our loan experts for more details.
Yes, Credit Star allows you to have an offset account linked to your investment property, which can help reduce the amount of interest you pay on your loan.
Yes, Credit Star enables cross-collateralisation, allowing you to use multiple properties as security for your loan. This can help you access more funds or better loan terms.
Positive gearing occurs when your rental income exceeds your property expenses, leading to a profit. Negative gearing happens when expenses surpass income, which can provide tax benefits while you hold the property.
The entire process can take anywhere from a few weeks to a couple of months, depending on your situation and the efficiency of your current lender. Credit Star strives to keep you informed throughout the process.
CREDIT REPRESENTATIVE 506564
BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237)
Have questions or need help with your application? Our Aussie Loan Experts are ready to assist.
Weekdays 9am – 5pm AET
With AcceleRATES, we’ll reduce your rate as you pay down your Straight Up or Power Up home loan.
At Credit Star, we ensure both new and existing customers enjoy the same competitive rates for comparable loans with our Automatic Rate Match.
Our Straight Up and Power Up loans come with absolutely no Credit Star fees!
