Important disclosure
Standard Variable
Interest Rate
8.37%
p.a
Comparison Rate*
8.45%
p.a
8.37%
p.a
8.45%
p.a
$0
based on $250,000 loan amount for 25 years at 8.37%
Standard Variable
Find your ideal home loan from one of the 3 home loans from MyState Bank
Principal and Interest (P&I)
| Loan type | Loan to value ratio | Interest rate | Comparison rate | |
|---|---|---|---|---|
Variable | Up to 95% | 8.37% p.a. | 8.45% p.a. | Product Info |
Variable | Up to 80% | 8.37% p.a. | 8.45% p.a. | Product Info |
Interest only
| Loan type | Loan to value ratio | Interest rate | Comparison rate | |
|---|---|---|---|---|
Variable | Up to 80% | 8.77% p.a. | 8.85% p.a. | Product Info |
MyState Bank Variable Rate Home loan overview
For Standard Variable Investment Loan (Principal and Interest) (LVR ≤ 80%)
Details
Maximum LVR 80% | Total Repayments |
Interest rate type Variable | Borrowing range
$30k
-
$3m
|
Suitable for Investors | Loan term range 5 - 30 years |
Repayment type Principal and Interest | Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA |
Target Market Determination Visit MyState Bank Limited to view Target Market Determination. |
Features
Extra repayments Unlimited | Redraw facility Redraw fee: $0 |
Offset account | Split interest facility |
Loan portability | Repayment holiday available |
Allow guarantors | Available for first home buyers |
Other benefits |
Fees
Total estimated upfront fees $950 | Application fee $600 |
Legal fee $0 | Valuation fee $0 |
Settlement fee $350 | Other upfront fee $0 |
Ongoing fee $0 | Discharge fee $380 |
Other Restrictions
LVR < 80% applies to Tasmania only
Pros and cons
For Standard Variable Investment Loan (Principal and Interest) (LVR ≤ 80%)
Benefits
- No ongoing fees
- 100% full offset account
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Higher than average interest rate
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
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FAQs
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