MyState is an Australian financial group that was founded as the Connect Credit Union. It was renamed MyState Bank in 2014 and is the largest Tasmanian-owned financial organisation.
MyState is based in Hobart and provides a range of financial products, such as personal, business and home loans, bank accounts, credit cards, insurance and agribusiness. It also has a wealth management service that offers financial planning and investment advice.
MyState Standard Variable Loan
The MyState Standard Variable Loan is a variable rate loan that allows customers to borrow up to 97 per cent of the property value, with a minimum loan amount of $30,000. Additional repayments are permitted and there is a redraw facility for those wanting to access these payments, with a minimum redraw of $500. There is also a 100 per cent offset account for homebuyers wanting to use their savings to reduce the interest on the loan. Customers also have the option of an interest-only loan and can make repayments weekly, fortnightly and monthly.View Home Loan Details
MyState Special Residential Loan
The MyState Special Residential Loan is a discounted variable rate loan that requires a minimum loan amount of $100,000. Customers are offered a different rate depending upon thr size of the loan deposit, with the lowest rate given to loans borrowing below 80 per cent of the property value. Additional repayments and redraws are also available and customers have the ability to use an offset account to reduced the interest owed on the loan.View Home Loan Details
MyState Cash on Hand Loan
The MyState Cash on Hand Loan is a variable line of credit loan that allows homeowners to borrow up to 80 per cent of the value of their property. Customers are given access to the equity they own in their home as security against the loan, which can be used to fund renovations, investments and other purchases. Interest is only paid on the amount of the loan that is used and additional repayments can be made.View Home Loan Details
MyState Fixed Loan
The MyState Fixed Loan offers a fixed interest rate for a period of one, two, three or five years. Customers can borrow up to 97 per cent of the property value and the fixed interest rate varies depending upon the size of the loan deposit, with the lowest rate offered to customers borrowing less than 80 per cent of the property value. There is also the option of an interest-only loan and the loan reverts to a standard variable loan at the end of the fixed-rate period. Limited additional repayments of up to $10,000 can be made per year and repayments can be made weekly, fortnightly and monthly.View Home Loan Details
Home Loans from MyState
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Monthly Repayment$1199over 30 years
Monthly Repayment$1231over 30 years
Monthly Repayment$1239over 30 years
Monthly Repayment$1309over 30 years
Advertised Rate3.74%Fixed - 3 years
Monthly Repayment$1324over 30 years
Monthly Repayment$1328over 30 years
Advertised Rate3.99%Fixed - 3 years
Monthly Repayment$1334over 30 years
Advertised Rate3.69%Fixed - 2 years
Monthly Repayment$1341over 30 years
Advertised Rate4.59%Fixed - 5 years
Monthly Repayment$1345over 30 years
Advertised Rate4.29%Fixed - 3 years
Monthly Repayment$1347over 30 years
Advertised Rate4.79%Fixed - 5 years
Monthly Repayment$1357over 30 years
Advertised Rate4.42%Fixed - 2 years
Monthly Repayment$1362over 30 years
Advertised Rate4.49%Fixed - 2 years
Monthly Repayment$1364over 30 years
Advertised Rate4.99%Fixed - 5 years
Monthly Repayment$1371over 30 years
Advertised Rate4.39%Fixed - 1 year
Monthly Repayment$1373over 30 years
Advertised Rate4.49%Fixed - 1 year
Monthly Repayment$1374over 30 years
Advertised Rate4.59%Fixed - 1 year
Monthly Repayment$1376over 30 years
Advertised Rate4.99%Fixed - 2 years
Monthly Repayment$1379over 30 years
Advertised Rate4.99%Fixed - 1 year
Monthly Repayment$1382over 30 years
Monthly Repayment$1385over 30 years
Advertised Rate5.24%Fixed - 3 years
Monthly Repayment$1387over 30 years
Advertised Rate5.29%Fixed - 5 years
Monthly Repayment$1390over 30 years
Monthly Repayment$1413over 30 years
- Suitable for small deposits.
- Discounted interest rates available.
- Flexible repayment options.
- Branch access limited to Tasmania.
- No package loans.