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MyState Bank Standard Variable Home Loan

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan between $30,000 and $3,000,000 with an LVR below 95%

The details shown below are for an owner occupier taking out a interest only loan between $30,000 and $3,000,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $30,000 and $3,000,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan between $30,000 and $3,000,000 with an LVR below 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $30,000 $3,000,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $30,000 $3,000,000

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $30,000 $3,000,000

  • Investor (Interest Only)

    LVR < 90%

    Loan: $30,000 $3,000,000

Rate
4.52% p.a.
Comparison Rate
4.59% p.a.
Service fee
$0.00
Upfront fee
$950
Rate
4.92% p.a.
Comparison Rate
4.99% p.a.
Service fee
$0.00
Upfront fee
$950
Rate
4.52% p.a.
Comparison Rate
4.59% p.a.
Service fee
$0.00
Upfront fee
$950
Rate
4.92% p.a.
Comparison Rate
4.99% p.a.
Service fee
$0.00
Upfront fee
$950

Details

Rates and fees information correct as at 30 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
  • 4.52% p.a.

  • n/a

  • n/a

  • n/a

  • 4.59% 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
  • $30,000

  • $3,000,000

  • none

  • 95.00%

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 30 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
  • 4.92% p.a.

  • n/a

  • n/a

  • n/a

  • 4.99% 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
  • $30,000

  • $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 30 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
  • 4.52% p.a.

  • n/a

  • n/a

  • n/a

  • 4.59% 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
  • $30,000

  • $3,000,000

  • none

  • 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 30 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
  • 4.92% p.a.

  • n/a

  • n/a

  • n/a

  • 4.99% 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
  • $30,000

  • $3,000,000

  • none

  • 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 reviews of MyState Bank Standard Variable Home Loan

  • Overall 1/10
    A deeply frustrating & disappointing experience

    Certainly not a ‘human’ way to bank. A lack of regard for our needs both when we originally took out our loan and now at pay out. After paying out the loan and taking all requested discharge actions, we are still waiting for our cleared property title 8 weeks later, with at least another 6 week wait ahead of us. This bank has clearly moved too quickly to technological service delivery, without regard to sound business redesign and change management principles and practices. They have dropped the ball on those business processes for which they alone remain fully responsible. Their technological solutions are fragile and insecure, meaning face-to-face branch contact is the only reliable, accountable and safe way of doing business. Repetitive visits are required to track progress to maintain accountability, as bank staff appear not to be required to be proactive and personally responsible to ensure a business process reaches its natural conclusion and to keep customers informed of their progress. A continuing, deeply frustrating and disappointing experience.

    Read full review

    Certainly not a ‘human’ way to bank. A lack of regard for our needs both when we originally took out our loan and now at pay out. After paying out the loan and taking all requested discharge actions, we are still waiting for our cleared property title 8 weeks later, with at least another 6 week wait ahead of us. This bank has clearly moved too quickly to technological service delivery, without regard to sound business redesign and change management principles and practices. They have dropped the ball on those business processes for which they alone remain fully responsible. Their technological solutions are fragile and insecure, meaning face-to-face branch contact is the only reliable, accountable and safe way of doing business. Repetitive visits are required to track progress to maintain accountability, as bank staff appear not to be required to be proactive and personally responsible to ensure a business process reaches its natural conclusion and to keep customers informed of their progress. A continuing, deeply frustrating and disappointing experience.

    Price
    -1/10
    Features
    -1/10
    Customer service
    1/10
    Convenience
    -1/10
    Trust
    1/10
    Less
    Chris, Tasmania reviewed 2 months ago
  • Overall 6/10
    Poor communication but good rates

    Communication can be challenging. Electronic systems need updating (ie; app / online calcs etc). Rates are pretty good. Local bank is comforting.

    Read full review

    Communication can be challenging. Electronic systems need updating (ie; app / online calcs etc). Rates are pretty good. Local bank is comforting.

    Price
    5/10
    Features
    5/10
    Customer service
    4/10
    Convenience
    7/10
    Trust
    7/10
    Less
    Conor, Tasmania reviewed 4 months ago
  • Overall 10/10
    Great Customer service

    Such a great bank, I have been with them over 5 years. So helpful and friendly. I wouldn't go anywhere else.

    Read full review

    Such a great bank, I have been with them over 5 years. So helpful and friendly. I wouldn't go anywhere else.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Jason, Victoria reviewed 4 months ago
  • Overall 10/10
    Customer orientated.

    Were fantastic in discussing what I wanted and then delivering. Adaptable and friendly.

    Read full review

    Were fantastic in discussing what I wanted and then delivering. Adaptable and friendly.

    Price
    10/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Rodney, Tasmania reviewed 9 months ago
  • Overall 7/10
    Everything online.

    I like this bank because I never have to go into a bank.

    Read full review

    I like this bank because I never have to go into a bank.

    Price
    6/10
    Features
    7/10
    Customer service
    7/10
    Convenience
    10/10
    Trust
    8/10
    Less
    Sharne, Queensland reviewed 11 months 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.

See MyState Bank home loans

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AcceleRATES Variable Home Loan

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UHomeLoan - Discount Offer

2.49% p.a.

2.49% p.a.

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2.68% p.a.

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IMB Bank

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loans.com.au

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Fixed Home Loan

n/a

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fixed 3 years

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Homestar

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UBank

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UHomeLoan (1 Year Fixed)

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Suncorp

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fixed 3 years

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Bank of Queensland

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fixed 3 years

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fixed 3 years

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loans.com.au

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2.48% p.a.

2.50% p.a.

$0.00

Athena

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AcceleRATES Variable Home Loan

2.34% p.a.

2.34% p.a.

$0.00

UBank

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UHomeLoan - Discount Offer

2.49% p.a.

2.49% p.a.

$0.00

Homestar

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Star Essentials Home Loan

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2.32% p.a.

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Suncorp

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$0.00

Bank of Queensland

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2.76% p.a.

$10.00 monthly

IMB Bank

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Budget Home Loan

2.61% p.a.

2.67% p.a.

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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.