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!
Tailor your split loans across fixed, variable, owner, investor, P&I, and IO, or choose different loan terms (up to 10 years). Consolidate up to four debts under one interest rate.
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!
Our hassle-free, low-rate variable loan.
Feature packed, super flexible variable loan
Get repayment certainty by fixing your rate
Opt for an Credit Star loan with zero fees and save up to $8,650 compared to other lenders. Use those savings to pay off your loan faster!
With AcceleRATES, the more you pay off your loan, the lower your interest rate gets—automatically!
At Credit Star, all customers get the same low rate on comparable loans—no higher rates for loyal customers like other lenders. Fair and square!
Reduce your interest by crediting your salary into an offset account. Set up multiple offsets to organize your savings goals and save even more.
Lower your repayments by switching to our competitive interest-only rates without any monthly fees. This allows you to enhance your cash flow.
Transfer your debts to your home loan at a lower interest rate, helping you save on both repayments and overall interest.
We don’t impose any charges when you adjust your Straight Up or Power Up home loan, setting us apart from many other lenders.
Get your repayment and savings estimates in just 3 minutes. Complete your online application in 15 minutes, needing only as few as two payslips.
Contact your dedicated Aussie-based Loan Expert via SMS, live chat, or phone to finalize your deal.
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.
Our Australian-based Loan Experts are ready to assist you. Whether by phone, SMS, or live chat, you can reach out with your questions, and they’ll even guide you through the application process.
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
You can apply in just 15 minutes. Our loan experts will reach out to guide you through the process.
We’ll handle the valuation and ID verification, which may take a few days. After that, we’ll send a transfer request to your current lender. Please note that delays can occur here, especially if your current lender tries to retain you. Generally, switching can take around 2-3 weeks, but on average, our customers complete the process in about 6 weeks. We’ll keep you updated throughout!
To be eligible for refinancing with Credit Star, you’ll need to meet specific financial criteria, including credit history, income, and property valuation. Our team can help assess your individual situation.
Your AcceleRATE tier will be determined based on your loan amount and repayment history. Our experts will clarify this during the application process.
Yes, you can refinance multiple properties. Each application will be assessed individually for the best outcomes.
Absolutely! You can refinance to release equity from your property for other investments or expenses.
Yes, refinancing to consolidate debt is an option. We can assist in merging your existing debts into a single, manageable loan.
Valuations are conducted by accredited professionals to determine your property’s current market value, essential for refinancing.
Typically, switching takes around 6 weeks, though this can vary. Our team will keep you informed throughout the process.
It depends on your current lender’s policies. You may face exit fees, so it’s best to check your loan agreement.
CREDIT REPRESENTATIVE 506564
BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237)
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!
Get lightning-fast refinancing to help you reach your goals sooner.
Apply online in just 15 minutes and receive a decision in seconds.
Connect with our Home Loan Experts by phone or text—they can even handle your application for you!
Our flexible policies allow you to borrow more with ease.
Use the extra funds for renovations or investing in another property.
Find out how much you can borrow in just 3 minutes!
Have questions or need help with your application? Our Aussie Loan Experts are ready to assist.
Weekdays 9am – 5pm AET
