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 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
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 80% | $100,000 | $3,000,000 |
| | Owner Occupier | Principal & Interest | 80%-90% | $100,000 | $3,000,000 |
| | Owner Occupier | Interest Only | < 80% | $100,000 | $3,000,000 |
| | Investor | Principal & Interest | < 80% | $100,000 | $3,000,000 |
| | Investor | Principal & Interest | 80%-90% | $100,000 | $3,000,000 |
| | Investor | Interest Only | < 80% | $100,000 | $3,000,000 |
| | Investor | Interest Only | 80%-90% | $100,000 | $3,000,000 |
Owner Occupier (Principal & Interest)
LVR < 80%
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
2.88% p.a.
n/a
n/a
n/a
2.93% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$300.00
$0.00
$0.00
$350.00
n/a
$0.00
$380.00
$100,000
$3,000,000
none
80.00%
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 28 February 2021.
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.
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
$600.00
$0.00
$0.00
$350.00
n/a
$0.00
$380.00
$100,000
$3,000,000
80.00%
90.00%
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 28 February 2021.
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.
3.48% p.a.
n/a
n/a
n/a
3.53% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$300.00
$0.00
$0.00
$350.00
n/a
$0.00
$380.00
$100,000
$3,000,000
none
80.00%
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 28 February 2021.
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.
3.28% p.a.
n/a
n/a
n/a
3.33% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$300.00
$0.00
$0.00
$350.00
n/a
$0.00
$380.00
$100,000
$3,000,000
none
80.00%
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 28 February 2021.
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.
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
$600.00
$0.00
$0.00
$350.00
n/a
$0.00
$380.00
$100,000
$3,000,000
80.00%
90.00%
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 28 February 2021.
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.
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
$300.00
$0.00
$0.00
$350.00
n/a
$0.00
$380.00
$100,000
$3,000,000
none
80.00%
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 28 February 2021.
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.
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
$600.00
$0.00
$0.00
$350.00
n/a
$0.00
$380.00
$100,000
$3,000,000
80.00%
90.00%
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 28 February 2021.
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.
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 reviewAttracted 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.
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.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
Bank of Queensland
Fixed Rate
2.09% p.a.
fixed 3 years
3.01% p.a.
People's Choice Credit Union
Fixed Rate Home Loan (Package)
1.99% p.a.
fixed 3 years
3.64% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
Bank of Queensland
Economy
2.59% p.a.
2.76% p.a.
Bank of Queensland
Fixed Rate
2.09% p.a.
fixed 3 years
3.01% p.a.
People's Choice Credit Union
Fixed Rate Home Loan (Package)
1.99% p.a.
fixed 3 years
3.64% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
$0.00
Yard
Variable Home Loan Special
2.09% p.a.
2.12% p.a.
$0.00
GMCU
Basic Variable
2.33% p.a.variable for 24 months and then 3.82% p.a.
3.71% p.a.
$8.00 monthly
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.
