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- MyState Bank
- Standard Variable
Standard Variable
- Owner Occupied
- Variable
- 5% min deposit
- P&I
Interest rate p.a.
8.37%
Comparison rate* p.a.
8.45%
Standard Variable
- Owner Occupied
- Variable
- 5% min deposit
- P&I
Interest rate p.a.
8.37%
Comparison rate* p.a.
8.45%
MyState Bank Variable Rate Home Loan overview
For Standard Variable Home Loan (Principal and Interest) (LVR 80%-95%)
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
95%
Total repayments
Interest rate type
Variable
Borrowing range
$30k - $3m
Suitable for
Owner Occupiers
Loan term range
5 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
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
Pros and Cons
For Standard Variable
Benefits
- No ongoing fees
- 100% full offset account
- Suitable for low deposits
- 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
