MyState Bank Basic Variable Investment Loan (Principal and Interest) (LVR < 70%) | Review & Compare Home Loans

Basic Variable

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Interest Rate

3.04

% p.a

Variable

Comparison Rate*

3.09

% p.a

Maximum LVR

70%

Real Time Rating™

Monthly Repayment

$1,429

based on $300,000 loan amount for 25 years at 3.04%

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Summary
Features & fees
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Interest Rate

3.04

% p.a

Variable

Comparison Rate*

3.09

% p.a

Maximum LVR

70%

Real Time Rating™

Monthly Repayment

$1,429

based on $300,000 loan amount for 25 years at 3.04%

Calculate your repayments for this loan

Your estimated repayment

$1,429

based on $300,000 loan amount for 25 years at 3.04%

Based on your details, you can compare and save on the following home loans

TMD

Monthly Repayment

$1,415

based on $300,000 loan amount for 25 years at 2.95%

Interest Rate

2.95

% p.a

Variable

Comparison Rate*

2.96

% p.a

Cashback

Receive up to $4,000 cash when you take out an eligible Suncorp Bank home loan. Receive either $3K by taking out a Suncorp Bank home loan of $750K+ or $4K by taking out a Suncorp Bank home loan of $1m+ with LVR ≤90%. Apply by 30 November 2022, settle by 28 February 2023. Unless withdrawn prior. T&Cs & eligibility criteria apply. ~ Ends in 5 months

Real Time Rating™

More Features

Monthly Repayment

$1,407

based on $300,000 loan amount for 25 years at 2.9%

Interest Rate

2.90

% p.a

Variable

Comparison Rate*

2.96

% p.a

Interest rates ranked in the best 20%
No ongoing fees
Redraw facility available
Parents can sign as guarantor

Real Time Rating™

More Features

Monthly Repayment

$1,367

based on $300,000 loan amount for 25 years at 2.64%

Interest Rate

2.64

% p.a

Variable

Comparison Rate*

2.56

% p.a

special

Receive an extra 0.01% p.a. discount every year, up to a maximum discount of 0.30% p.a.

Real Time Rating™

More Features

Quick home loan review

For Basic Variable Investment Loan (Principal and Interest) (LVR < 70%)

These are the benefits of this home loan.

Interest rates ranked in the best 20%
No ongoing fees
Parents can sign as guarantor
Extra repayments and redraw facility
Free redraw facility
Split account option

These are the drawbacks of this home loan.

No offset account
Higher than average upfront fee
Discharge fee at end of loan
Maximum loan amount is limited to 70% of the property's value
No repayment holidays

Home loan overview

For Basic Variable Investment Loan (Principal and Interest) (LVR < 70%)

TMD

Details
Features
Fees
Application method

Details

Maximum LVR 70%	Total Repayments $428,700 View repayment schedule »
Next LVR 3.14% for max LVR 80%	Interest rate type Variable
Borrowing range $100k - $3m Calculate how much you can borrow	Suitable for Investors
Loan term range 1 - 30 years	Principal & interest
Interest only	Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make repayments Fortnightly, Monthly, Weekly

Features

Extra repayments Unlimited extra repayments	Offset account No
Redraw facility Redraw fee: $0	Split interest facility
Loan portable	Repayment holiday available
Allow guarantors	Available for first home buyers

Fees

Total estimated upfront fees 650	Application fee 300
Legal fee $0	Valuation fee $0
Settlement fee 350	Other upfront fee 0
Ongoing fee $0	Discharge fee 380

Application method

Online Compare	Phone
Broker Talk to an expert	In branch

Available

Not available

Data not captured

Specials

Cashback Refinance your home or investment property and get $3000 as cashback*
The refinance cash back offer (cash back) is available for refinances from other financial institutions and can be withdrawn at any time. $2,000 cash back where the refinance amount is between $250,000 and $499,999. $3,000 cash back where the refinance amount is $500,000 or more. The refinance amount excludes cash out, top-ups and new loans. The loan to value ratio (LVR) must be less than 80%.

Target Market Determination

Visit MyState Bank to view Target Market Determination.

Other Restrictions

LVR < 80% applies to Tasmania only

Checkout more home loans

Interest Rate

2.95

% p.a

Variable

Comparison Rate*

2.96

% p.a

Cashback

Real Time Rating™

Interest Rate

2.72

% p.a

Variable

Comparison Rate*

2.73

% p.a

Cashback

Receive $3,000 cash when you take out a Suncorp Bank home loan of $750K or more with LVR <=90%. Apply by 30 November 2022, settle by 28 February 2023. Unless withdrawn prior. T&Cs & eligibility criteria apply. ~ Ends in 5 months

Real Time Rating™

Interest Rate

5.13

% p.a

Variable

Comparison Rate*

5.18

% p.a

No ongoing fees
Redraw facility available
Parents can sign as guarantor
Extra repayments and redraw facility

Real Time Rating™

Interest Rate

2.94

% p.a

Variable

Comparison Rate*

2.86

% p.a

special

Receive an extra 0.01% p.a. discount every year, up to a maximum discount of 0.30% p.a.

Real Time Rating™

Product data updated on 6 Jul 2022

FAQs

The range you can borrow from this loan is $100k to $3,000,000.

This loan option comes with a maximum loan-to-value ratio of 70 percent, which means it requires a minimum deposit of 30 percent

MyState Bank allows you to have this loan for a range of 1 to 30 years.

MyState Bank allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

While it could change based on your circumstances, RateCity estimates that this loan option comes with $650 worth of upfront fees.

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

MyState Bank makes it possible to apply for this product online. Apply here.

Yes, this MyState Bank loan is available through a broker. Find a broker to help you with your needs.

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