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State Custodians Home Loans

Since 2007, State Custodians has set out with a simple mission to provide Australians with a real alternative to the big banks. State Custodians are an online-only lender with a large range of home loan options which are suitable to all borrowers. State Custodian loans are backed by RESIMAC Limited who have been funding home loans in Australia for over 30 years.

State Custodians has won numerous awards and been recognised as the 2015 Non-Bank Lender of the Year by Money magazine five years in a row.

State Custodians Standard Variable Loan

The State Custodians Standard Loan is a variable rate home loan with a maximum loan amount of $2,000,000. This standard variable loan can be used for both owner-occupied and investment properties. This Standard Loan is packed with features like a 100 per cent offset, which can save you thousands of dollars in interest over the life of the loan. Standard Loan customers can borrow up to 95 per cent of the property value and can choose from principal and interest or interest-only repayments. Borrowers have the choice of weekly, fortnightly or monthly repayments and can make unlimited extra repayments and free online redraw. Borrowers looking for the best of both worlds can split this loan into both fixed and variable interest rates.

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State Custodians Breathe Easy Loan

The State Custodians Breathe Easy Loan has a low variable interest rate and no ongoing fees. This simple loan is packed with valuable features like a 100 per cent offset loan and flexible repayment options. This loans lets customers borrow up to 95 per cent of the value of the property and has a maximum loan term of 30 years. The Breathe Easy Loan gives borrowers the option of paying interest-only for up to five years and can be split up to six times, giving you the choice of fixed or variable interest rates or a combination of both. Other loan features include a free online redraws and the ability to make additional payments.

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State Custodians Self Employed Loan

State Custodians offer three types of Self Employed Loans which cater to all types of contractors and self-employed borrowers. Self-employed loan customers can apply for a Standard Variable Loan, Self Employed Alt Doc Loan or a Self Employed Flexi Loan. All loan products provide self-employed customers with flexible loan options that can be applied using two Business Activity Statements (BAS), three months of business bank statements and a letter of verification from an accountant. The interest rate depends on the loan amount and whether the loan meets the full doc or alt doc requirements.

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State Custodians Bad Credit Loan

The State Custodians Bad Credit Home Loan lets you put your financial past behind you and move on with your life. This home loan lets you roll all your debts into one home loan which means that you can focus on making one single repayment at home loan interest rates and consolidate all your debts.

Customers can borrow up to 90 per cent of the property value with a maximum loan amount of $2,500,000. Other loan features include no ongoing fees, a 100 per cent offset account, unlimited extra repayments and a free online redraw facility. To be eligible for this loan, you need to be currently employed or self-employed with a stable income.

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State Custodians Line of Credit

The State Custodians Line of Credit Loan lets you use the equity in your home to access a line of credit which can be used for investments or home improvements.

This Line of Credit Loan lets you borrow up to 90 per cent of the value of your own home or investment property. Much like a credit card, you only pay interest on the funds you use and not the total loan amount which gives you the flexibility to use the funds as and when you need them.

Borrowers can pay interest-only for five years, after which the line of credit loan reverts to principal and interest payment for the remainder of the loan.

This Line of Credit Loan has a maximum loan amount of $2,000,000 and comes with a moderate to high annual fee. This loan has no offset account but does have a redraw feature and additional repayments can be made at any time.

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Home Loans from State Custodians

Pros
  • State Custodians offer a variety of home loan products.
  • Flexible loan options.
  • Loans cater to borrowers with specific needs like self-employed or bad credit.
  • Award winning loan products.
Cons
  • No branch network.
  • Some products include fees.
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Customer Service

Home loan customers can contact State Custodians calling the customer support line, emailing customer support directly or via the online chat function. As State Custodians is an online only lender there is no branch network.

✓     Customer service centre (phone)

✓     Online banking

✓     Email

✓     Live Chat

Applying and Eligibility

Customers wanting to apply for a State Custodians loan can apply by filling out a pre-qualification application online or by calling the bank. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income.

You will also need to provide documentation when applying for a home loan. This will include:

  • Name and contact details of each borrower.
  • Income & expenses.
  • Existing property details and liabilities.
  • If you’re self-employed you will need to include the last two Business Activity Statements (BAS), three months of business bank statements and a letter of verification from an accountant.
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