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

Basic Variable

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Advertised Rate

2.59

% p.a

Variable

Comparison Rate*

2.62

% p.a

Maximum LVR

70%

Real Time Rating™

Monthly Repayment

$1,359

based on $300,000 loan amount for 25 years at 2.59%

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Summary
Features & fees
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Advertised Rate

2.59

% p.a

Variable

Comparison Rate*

2.62

% p.a

Maximum LVR

70%

Real Time Rating™

Monthly Repayment

$1,359

based on $300,000 loan amount for 25 years at 2.59%

Calculate your repayments for this loan

Your estimated repayment

$1,359

based on $300,000 loan amount for 25 years at 2.59%

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Monthly Repayment

$1,193

based on $300,000 loan amount for 25 years at 2.55%

Advertised Rate

2.55

% p.a

Variable

Comparison Rate*

2.55

% p.a

Lower than average interest rate
No upfront or ongoing fees
Extra repayments and redraw facility
Free redraw facility

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Monthly Repayment

$1,262

based on $300,000 loan amount for 25 years at 2.98%

Advertised Rate

2.98

% p.a

Variable

Comparison Rate*

3.02

% p.a

No ongoing fees
Extra repayments and redraw facility
Free redraw facility

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Monthly Repayment

$1,286

based on $300,000 loan amount for 25 years at 3.13%

Advertised Rate

3.13

% p.a

Variable

Comparison Rate*

3.14

% p.a

No ongoing fees
Suitable for low deposits
Parents can sign as guarantor
Extra repayments and redraw facility

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.

Lower than average interest rate
No upfront or 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
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%)

Details
Features
Fees
Application method

Details

Maximum LVR 70%	Total Repayments $407,700 View repayment schedule »
Next LVR 2.64% 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 $0	Application fee $0
Legal fee $0	Valuation fee $0
Settlement fee $0	Other upfront fee $0
Ongoing fee $0	Discharge fee $250

Application method

Online	Phone
Broker Talk to an expert	In branch

Specials

Cashback Refinance your home or investment property and get $2000 as cashback*
*Borrowers must reside in Tasmania. One cashback per loan application. Available on loans >$250k, LVR ≤ 80% and settled within 90 days of offer letter. $0 Establishment Fee.

Other Restrictions

LVR < 80% applies to Tasmania only

Compare and review home loans with similar features

Advertised Rate

2.55

% p.a

Variable

Comparison Rate*

2.55

% p.a

Lower than average interest rate
No upfront or ongoing fees
Extra repayments and redraw facility
Free redraw facility

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Advertised Rate

2.39

% p.a

Variable

Comparison Rate*

2.39

% p.a

special

For a chance to win $100k towards your home loan, simply apply with Athena before Oct 31 & be approved by Dec 15. T&Cs apply.~ Ends in about 1 month

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Advertised Rate

3.04

% p.a

Variable

Comparison Rate*

3.04

% p.a

Cashback

$2,000 cashback when you refinance a loan of $250,000 or more~ Ends in about 1 month

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Advertised Rate

1.99

% p.a

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Comparison Rate*

2.02

% p.a

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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 $0 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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