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Cash on Hand Line of Credit Home Loan

For any query, Call: 1300 001 153
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Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros and Cons

Pros:
  • Repayments may decrease if RBA cuts rates
Cons:
  • No extra repayments
  • No redraw and no offset
  • Annual fee charged
  • Discharge fee at end of loan
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Fees and Features

Maximum LVR
Maximum LVR
80%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$30k - $3m
Total repayments
Total repayments
$435,000
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 5 years
Offset account
Offset account
Extra repayments
Extra repayments
Not Allowed
Redraw facility
Redraw facility
Allows split interest
Allows split interest
Suitable For
Suitable ForLine of Credit, Owner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$950.00
Application fee
Application fee
$600
Settlement fee
Settlement fee
$350
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$150 annually
Discharge fee
Discharge fee
$250
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount
Maximum LVR
Maximum LVR
80%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$30k - $3m
Total repayments
Total repayments
$435,000
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 5 years
Offset account
Offset account
Extra repayments
Extra repayments
Not Allowed
Redraw facility
Redraw facility
Allows split interest
Allows split interest
Suitable For
Suitable ForLine of Credit, Owner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$950.00
Application fee
Application fee
$600
Settlement fee
Settlement fee
$350
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$150 annually
Discharge fee
Discharge fee
$250
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount

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 Home Loan Calculator  
Interested in a MyState home loan? RateCity has a suite of calculators that can show you what your repayments would be and how MyState compares to its competitors. Simply plug in your borrowing amount below.

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