Finty
Liberty Financial

Liberty Financial Fresh start home loan

Variable rateRedraw

This product is also referred to as the Liberty Star home loan.

Written byDavid Boyd
Interest rate a year, from
7.39%
Comparison rate
7.73%
Upfront fees
None
Annual fee
Not published
Monthly fee
$15

Monthly repayment

$600,000 over 30 years

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What it would cost

At the lowest rate of 7.39% (variable, live in, principal and interest), including the monthly fee. The rate you are offered depends on your deposit and the loan you choose, and upfront fees are not included.

Monthly repayment
$4,165
Total repayments
$1,499,467
Interest and monthly fees
$899,467

Rates

Every rate Liberty Financial publishes for this loan. LVR is the loan as a share of the property's value: 80% for a 20% deposit.

RatePropertyRepaymentsLVRInterest rateComparison rate
VariableLive inPrincipal and interestAny7.39%7.73%

Comparison rates are for an example loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Fees and features

Fees

Upfront fees
None
Annual fee
Not published
Monthly fee
$15

Features

Offset account
No
Redraw
Yes
Highest LVR
95%
Loan amount
From $50,000 up to $10,000,000

How it compares

Against the other home loans we compare, for a home you live in with a 20% deposit. Typical means the middle half of them.

Variable rate

7.39%

For a home you live in, paying principal and interest. Typical is 6.62%.

Comparison rate

7.73%

For the same rate. Typical is 6.70%.

Upfront fees

None

Typical upfront fees are $600.

Smallest deposit

5%

Most loans need at least 10% of the price.

Pros and cons

Pros

  • No upfront fees. Less cash needed at settlement.
  • Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
  • Redraw. You can take back extra repayments later if you need the money.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • No offset account. Your savings can't reduce the interest unless you pay them into the loan.

Similar home loans

Home loans from other lenders with a similar starting variable rate, for a home you live in with a 20% deposit.