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MyState Bank

Fixed Rate

Advertised Rate

3.19

% p.a

Fixed - 2 years

Comparison Rate*

4.18

% p.a

Maximum LVR
90%
Real Time Rating™

1.50

/ 5
Monthly Repayment

$1,452

based on $300,000 loan amount for 25 years at 3.19%

Advertised Rate

3.19

% p.a

Fixed - 2 years

Comparison Rate*

4.18

% p.a

Maximum LVR
90%
Real Time Rating™

1.50

/ 5
Monthly Repayment

$1,452

based on $300,000 loan amount for 25 years at 3.19%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,452

based on $300,000 loan amount for 25 years at 3.19%

Quick home loan review

For Fixed Investment Loan (Interest Only) 2 Years (LVR 80%-90%)

These are the benefits of this home loan.

  • No ongoing fees
  • Split account option

These are the drawbacks of this home loan.

  • No redraw and no offset
  • Higher than average interest rate
  • Loan reverts to higher rate after fixed period
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Fixed Investment Loan (Interest Only) 2 Years (LVR 80%-90%)

TMD

Details

Maximum LVR

90%

Total Repayments

Next LVR

Interest rate type

Fixed - 2 years

Borrowing range

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

Redraw facility

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

800

Application fee

450

Valuation fee

$0

Settlement fee

350

Other upfront fee

0

Ongoing fee

$0

Discharge fee

380

Application method

Online

Phone

In branch

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    The refinance cash back offer (cash back) is available for refinances from other financial institutions and can be withdrawn at any time.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%. Eligible loan applications to be submitted between 04/10/2021 and 31/10/2021 (Offer Period) and settled by 31/01/2022.

Target Market Determination

Visit MyState Bank to view Target Market Determination.

Other Restrictions

LVR < 80% applies to Tasmania only

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $30k to $3,000,000.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 90 percent, which means it requires a minimum deposit of 10 percent

What's the maximum length for this loan?

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

How often can you make repayments?

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

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $800 worth of upfront fees.

Does this loan come with a redraw facility?

No, this loan doesn't come with a redraw facility.

Where can you apply for this loan?

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

Can a broker help me with this loan?

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