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3.04
% p.a
Variable
3.09
% p.a
$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%
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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%)
- Details
- Features
- Fees
- Application method
Details
Maximum LVR 70% | Total Repayments $428,700 |
Interest rate type Variable | |
Borrowing range
$100k
-
$3m
| Suitable for Investors |
Loan term range 1 - 30 years | Principal & interest |
Interest only | Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA |
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 | Phone |
Broker | In branch |
- 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refinance cash back offer (cash back) is available for refinances from other financial institutions and can be withdrawn at any time.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
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