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MyState Bank Special Residential Home Loan

The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $3,000,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $3,000,000 with an LVR below 60%

The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $3,000,000 with an LVR below 90%

The details shown below are for an owner occupier taking out a interest only loan between $100,000 and $3,000,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $100,000 and $3,000,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $100,000 and $3,000,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan between $100,000 and $3,000,000 with an LVR below 80%

The details shown below are for an investor taking out a interest only loan between $100,000 and $3,000,000 with an LVR below 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR 60%-80%

    Loan: $100,000 $3,000,000

  • Owner Occupier (Principal & Interest)

    LVR < 60%

    Loan: $100,000 $3,000,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-90%

    Loan: $100,000 $3,000,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $100,000 $3,000,000

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $100,000 $3,000,000

  • Investor (Principal & Interest)

    LVR 80%-90%

    Loan: $100,000 $3,000,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $100,000 $3,000,000

  • Investor (Interest Only)

    LVR 80%-90%

    Loan: $100,000 $3,000,000

Rate
2.79% p.a.
Comparison Rate*
2.84% p.a.
Service fee
$0.00
Upfront fee
$650
Rate
2.69% p.a.
Comparison Rate*
2.74% p.a.
Service fee
$0.00
Upfront fee
$650
Rate
3.28% p.a.
Comparison Rate*
3.35% p.a.
Service fee
$0.00
Upfront fee
$950
Rate
3.68% p.a.
Comparison Rate*
3.73% p.a.
Service fee
$0.00
Upfront fee
$650
Rate
2.99% p.a.
Comparison Rate*
3.04% p.a.
Service fee
$0.00
Upfront fee
$650
Rate
3.68% p.a.
Comparison Rate*
3.75% p.a.
Service fee
$0.00
Upfront fee
$950
Rate
3.69% p.a.
Comparison Rate*
3.74% p.a.
Service fee
$0.00
Upfront fee
$650
Rate
4.23% p.a.
Comparison Rate*
4.30% p.a.
Service fee
$0.00
Upfront fee
$950

Details

Rates and fees information correct as at 24 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 2.79% p.a.

  • n/a

  • n/a

  • n/a

  • 2.84% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $300.00

  • $0.00

  • $0.00

  • $350.00

  • n/a

  • $0.00

  • $380.00

Other financial bits
  • $100,000

  • $3,000,000

  • 60.00%

  • 80.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes - free

  • $500.00

  • yes

  • yes

  • none

  • none

  • $2,000 refinance cashback, min $250k, <80% LVR, by 30 November 2020.

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 24 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 2.69% p.a.

  • n/a

  • n/a

  • n/a

  • 2.74% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $300.00

  • $0.00

  • $0.00

  • $350.00

  • n/a

  • $0.00

  • $380.00

Other financial bits
  • $100,000

  • $3,000,000

  • none

  • 60.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes - free

  • $500.00

  • yes

  • yes

  • none

  • none

  • $2,000 refinance cashback, min $250k, <80% LVR, by 30 November 2020.

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 24 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.28% p.a.

  • n/a

  • n/a

  • n/a

  • 3.35% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $600.00

  • $0.00

  • $0.00

  • $350.00

  • n/a

  • $0.00

  • $380.00

Other financial bits
  • $100,000

  • $3,000,000

  • 80.00%

  • 90.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes - free

  • $500.00

  • yes

  • yes

  • none

  • none

  • $2,000 refinance cashback, min $250k, <80% LVR, by 30 November 2020.

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 24 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.68% p.a.

  • n/a

  • n/a

  • n/a

  • 3.73% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $300.00

  • $0.00

  • $0.00

  • $350.00

  • n/a

  • $0.00

  • $380.00

Other financial bits
  • $100,000

  • $3,000,000

  • none

  • 80.00%

Features
  • Owner Occupier

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes - free

  • $500.00

  • yes

  • yes

  • none

  • none

  • $2,000 refinance cashback, min $250k, <80% LVR, by 30 November 2020.

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 24 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 2.99% p.a.

  • n/a

  • n/a

  • n/a

  • 3.04% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $300.00

  • $0.00

  • $0.00

  • $350.00

  • n/a

  • $0.00

  • $380.00

Other financial bits
  • $100,000

  • $3,000,000

  • none

  • 80.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes - free

  • $500.00

  • yes

  • yes

  • none

  • none

  • $2,000 refinance cashback, min $250k, <80% LVR, by 30 November 2020.

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 24 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.68% p.a.

  • n/a

  • n/a

  • n/a

  • 3.75% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $600.00

  • $0.00

  • $0.00

  • $350.00

  • n/a

  • $0.00

  • $380.00

Other financial bits
  • $100,000

  • $3,000,000

  • 80.00%

  • 90.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes - free

  • $500.00

  • yes

  • yes

  • none

  • none

  • $2,000 refinance cashback, min $250k, <80% LVR, by 30 November 2020.

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 24 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.69% p.a.

  • n/a

  • n/a

  • n/a

  • 3.74% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $300.00

  • $0.00

  • $0.00

  • $350.00

  • n/a

  • $0.00

  • $380.00

Other financial bits
  • $100,000

  • $3,000,000

  • none

  • 80.00%

Features
  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes - free

  • $500.00

  • yes

  • yes

  • none

  • none

  • $2,000 refinance cashback, min $250k, <80% LVR, by 30 November 2020.

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 24 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 4.23% p.a.

  • n/a

  • n/a

  • n/a

  • 4.30% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $600.00

  • $0.00

  • $0.00

  • $350.00

  • n/a

  • $0.00

  • $380.00

Other financial bits
  • $100,000

  • $3,000,000

  • 80.00%

  • 90.00%

Features
  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes - free

  • $500.00

  • yes

  • yes

  • none

  • none

  • $2,000 refinance cashback, min $250k, <80% LVR, by 30 November 2020.

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Customer Reviews

How are MyState Bank home loans rated by the Mozo community?

Overall
7.3/10
Price
7.2/10
Features
6.5/10
Customer service
7.4/10
Convenience
7.5/10
Trust
7.4/10

Latest review of MyState Bank Special Residential Home Loan

  • Overall 2/10
    Poorest service ever experienced

    Attracted by the low rate and redraw facilities, it took 3 months of chasing, asking and clarifying where our refinance loan was at. Extremely poor service response - the worse we have experienced. We felt we were servicing MyState, not the other way around. And at the end of it all, they failed to set up the requested repayment arrangements, resulting in a loan arrears situation that threatened our credit rating. Indeed, the customer complaints section asked us to complete the same forms again, despite them already being lodged 6 weeks earlier and an undertaking given that they would be actioned according to our requirements. Online access to monitor your loan, arrange redraws and additional payments is not provided as a matter of course and requires a separate process. The final blow is that we are required to open a Mystate bank account to access their redraw facility, as they don't allow redraw transfers into accounts of other banks. Even then, you cannot do it online, are required to attend a branch or make a phone call and a $30 fee is payable per redraw minimum of $500. This is different to other major providers who offer these facilities as a matter of course. If it is simply a low rate you want, go for it. If you also value customer service, responsiveness, transparency, 24/7 access to self-service and flexibility, use other providers.

    Read full review

    Attracted by the low rate and redraw facilities, it took 3 months of chasing, asking and clarifying where our refinance loan was at. Extremely poor service response - the worse we have experienced. We felt we were servicing MyState, not the other way around. And at the end of it all, they failed to set up the requested repayment arrangements, resulting in a loan arrears situation that threatened our credit rating. Indeed, the customer complaints section asked us to complete the same forms again, despite them already being lodged 6 weeks earlier and an undertaking given that they would be actioned according to our requirements. Online access to monitor your loan, arrange redraws and additional payments is not provided as a matter of course and requires a separate process. The final blow is that we are required to open a Mystate bank account to access their redraw facility, as they don't allow redraw transfers into accounts of other banks. Even then, you cannot do it online, are required to attend a branch or make a phone call and a $30 fee is payable per redraw minimum of $500. This is different to other major providers who offer these facilities as a matter of course. If it is simply a low rate you want, go for it. If you also value customer service, responsiveness, transparency, 24/7 access to self-service and flexibility, use other providers.

    Price
    6/10
    Features
    1/10
    Customer service
    0/10
    Convenience
    3/10
    Trust
    0/10
    Less
    Chris, Tasmania reviewed over 5 years ago
MyState Bank

About MyState Bank

MyState Bank is an Authorised Deposit-taking Institution and a national diversified financial services group headquartered in Tasmania. MyState Bank has strong roots in the Tasmanian community, offering lending, savings accounts, financial planning and insurance.

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*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.