Rates and fees verified as correct at 21 April, 2021. Other information correct at the time of writing. Advertiser disclosure.
If you’re looking to borrow between $30,000 and $3,000,000, you can opt for an award winning fixed rate home loan from MyState Bank. Available for up to 95% of the property’s value, you have the option to split your loan between fixed and variable rates, and to choose between weekly, fortnightly or monthly repayments. You can also make up to $10,000 in fee-free additional repayments during the fixed rate period. Keep in mind, application and settlement fees apply.
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
| 2.39% p.a. | 3.85% p.a. | $0.00 | $350 | ||
| 3.24% p.a. | 4.40% p.a. | $0.00 | $950 | ||
| 2.99% p.a. | 4.04% p.a. | $0.00 | $950 | ||
| 2.09% p.a. | 3.81% p.a. | $0.00 | $950 | ||
| 3.09% p.a. | 4.36% p.a. | $0.00 | $950 | ||
| 2.89% p.a. | 4.31% p.a. | $0.00 | $950 | ||
| 2.99% p.a. | 4.33% p.a. | $0.00 | $950 | ||
| 2.39% p.a. | 3.89% p.a. | $0.00 | $950 |
If you’d like a little more flexibility, check out MyState Bank’s variable rate home loan, available for $100,000 to $3,000,000, and up to 95% of the property’s value. You’ll have access to a host of flexible features with this mortgage, including the use of an offset account, unlimited fee-free extra repayments, and the opportunity to redraw those extra funds if needed, although fees and a minimum amount apply to the latter.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
| 2.54% p.a. | 2.57% p.a. | $0.00 | $350 | ||
| 3.03% p.a. | 3.06% p.a. | $0.00 | $350 | ||
| 2.49% p.a. | 2.52% p.a. | $0.00 | $350 | ||
| 3.23% p.a. | 3.26% p.a. | $0.00 | $350 | ||
| 2.59% p.a. | 2.62% p.a. | $0.00 | $350 | ||
| 2.93% p.a. | 2.98% p.a. | $0.00 | $650 | ||
| 3.48% p.a. | 3.53% p.a. | $0.00 | $650 | ||
| 3.28% p.a. | 3.35% p.a. | $0.00 | $950 | ||
| 2.59% p.a. | 2.64% p.a. | $0.00 | $650 | ||
| 2.49% p.a. | 2.54% p.a. | $0.00 | $650 | ||
| 2.54% p.a. | 2.59% p.a. | $0.00 | $650 | ||
| 4.72% p.a. | 4.79% p.a. | $0.00 | $950 | ||
| 4.32% p.a. | 4.39% p.a. | $0.00 | $950 | ||
| 3.98% p.a. | 4.05% p.a. | $0.00 | $950 | ||
| 3.43% p.a. | 3.50% p.a. | $0.00 | $950 | ||
| 2.79% p.a. | 2.84% p.a. | $0.00 | $650 | ||
| 2.84% p.a. | 2.89% p.a. | $0.00 | $650 | ||
| 3.44% p.a. | 3.49% p.a. | $0.00 | $650 | ||
| 2.89% p.a. | 2.94% p.a. | $0.00 | $650 | ||
| 4.23% p.a. | 4.30% p.a. | $0.00 | $950 | ||
| 3.69% p.a. | 3.74% p.a. | $0.00 | $650 | ||
| 3.68% p.a. | 3.75% p.a. | $0.00 | $950 | ||
| 2.79% p.a. | 2.84% p.a. | $0.00 | $650 | ||
| 2.84% p.a. | 2.89% p.a. | $0.00 | $650 | ||
| 2.89% p.a. | 2.94% p.a. | $0.00 | $650 | ||
| 4.72% p.a. | 4.79% p.a. | $0.00 | $950 | ||
| 4.32% p.a. | 4.39% p.a. | $0.00 | $950 |
You can make unlimited additional repayments on a variable rate Mystate Bank home loan, but keep in mind that for the fixed rate offer, these extra repayments are capped at $10,000.
On any home loan option from MyState Bank, you can choose between weekly, monthly or fortnightly repayments, to fit your schedule.
Having trouble saving up a deposit for your mortgage? No problem. MyState Bank home loans can be secured with as little as a 5% deposit - but keep in mind that, as with most home loans, you’ll need to pay for Lender’s Mortgage Insurance if your LVR is above 80%.
Mozo users have rated MyState Bank home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
112 Reviews
Archaic loan with higher interest rate than competitors, very little features, and those it does have are cumbersome and costly.
Read full reviewArchaic loan with higher interest rate than competitors, very little features, and those it does have are cumbersome and costly.
I am living in regional NSW and there are no physical banks to visit and withdraw money. The variable interest remained unchanged with the large reserve bank decrease. Was paying 3.52% for variable and they still refused to drop the rate given I was offered 1.89% for the same loan with a different bank. We will now be moving to a new bank. Although I had minimal issues contacting customer service and they were polite to deal with.
Read full reviewI am living in regional NSW and there are no physical banks to visit and withdraw money. The variable interest remained unchanged with the large reserve bank decrease. Was paying 3.52% for variable and they still refused to drop the rate given I was offered 1.89% for the same loan with a different bank. We will now be moving to a new bank. Although I had minimal issues contacting customer service and they were polite to deal with.
Since Mystate bank have pulled all branches out of Queensland their service has deteriorated to the point of being non existent. call them and wait times will exceed 1/2 an hour, and if you call the lenders department you are told to send them an email and they will get back to you within 3 days. Appalling. I have sold 2 houses that I had mortgaged through them and both times settlement has been held up by 5 days while they sort out their paperwork, and both times I had given them plenty of notice that the houses were sold. Never again. They have lost all my business.
Read full reviewSince Mystate bank have pulled all branches out of Queensland their service has deteriorated to the point of being non existent. call them and wait times will exceed 1/2 an hour, and if you call the lenders department you are told to send them an email and they will get back to you within 3 days. Appalling. I have sold 2 houses that I had mortgaged through them and both times settlement has been held up by 5 days while they sort out their paperwork, and both times I had given them plenty of notice that the houses were sold. Never again. They have lost all my business.
Local Tasmanian bank with Tasmanians' interests in mind.
Read full reviewLocal Tasmanian bank with Tasmanians' interests in mind.
We have been with this bank for over 15 years and even though there is no bank where we live service has always been efficient and friendly and communication is great.
Read full reviewWe have been with this bank for over 15 years and even though there is no bank where we live service has always been efficient and friendly and communication is great.
If you’ve decided a MyState Bank home loan is the one for you, then the next step is applying. Here are a few things you’ll need to have with you when you do:
