State Custodians home loans

State Custodians
State Custodians's overall rating for home loans

(as rated by the Mozo community)

8.7 / 10

based on 3 reviews

State Custodians have been operating as a leading online lender in Australia’s home loan market since 2007. If you’re an owner occupier or investor wanting a genuine alternative to a bricks and mortar bank, signing up for a home loan with State Custodians could be a good option.

Just ask our experts who awarded State Custodians with four 2016 Experts Choice Home Loan Awards in the Best Value Offset Home Loan and Best Value Variable Investor Home Loan categories.

Rates and fees verified as correct at 07 December, 2016. Other information correct at the time of writing.

What home loans do State Custodians offer?

Variable Rate Home Loans Variable Rate Home Loans

Owner occupiers and investors can choose between two State Custodian variable home loans available on loans starting from $100,000 (up to a maximum of $1,500,000). State Custodians variable home loans are small on fees (aka no application fees) but big on features like an extra repayments facility, principal and interest or interest only repayments as well as an offset account to reduce your interest payments over the term of the loan. Homeowners can also enjoy easy access to their funds via an online redraw facility ($100 minimum redraw), BPAY, Debit MasterCard and EFTPOS. State Custodians Breathe Easy and Standard Variable options allow you to borrow up to 95% of your property’s value.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡  

4.22% p.a.

4.25% p.a.

$0.00

$286

Go to site

3.82% p.a.

3.85% p.a.

$0.00

$286

4.42% p.a.

4.45% p.a.

$0.00

$286

4.02% p.a.

4.05% p.a.

$0.00

$286

4.12% p.a.

4.15% p.a.

$0.00

$286

3.72% p.a.

3.75% p.a.

$0.00

$286

Go to site

4.09% p.a.

4.42% p.a.

$299.00 yearly

$286

3.69% p.a.

4.02% p.a.

$299.00 yearly

$286

4.29% p.a.

4.77% p.a.

$299.00 yearly

$286

3.89% p.a.

4.37% p.a.

$299.00 yearly

$286

3.99% p.a.

4.32% p.a.

$299.00 yearly

$286

Go to site

3.59% p.a.

3.92% p.a.

$299.00 yearly

$286


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Line of Credit Line of Credit

Choosing a line of credit home loan from State Custodians lets you draw on your equity to fund everything from your home renovation to an investment property. State Custodians line of credit home loan is available on loans starting from $100,000 (up to a maximum of $1,500,000) and allows you to borrow up to 90% of your property’s value. When you choose a line of credit home loan, you’ll only pay interest on the outstanding balance and there is no minimum repayment required. There are no application fees but you should factor in an annual service fee when considering if this loan is right for you.

Product Rate Comparison Rate* Service fee Upfront fee

4.24% p.a.

n/a

$299.00 yearly

$286

3.84% p.a.

n/a

$299.00 yearly

$286

4.14% p.a.

n/a

$299.00 yearly

$286

3.74% p.a.

n/a

$299.00 yearly

$286

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State Custodians home loan features in a glance

No application fees: No application fees: 

Being an online lender State Custodians don’t have the same overheads as bricks and mortar lenders. That’s why when you sign up for a home loan with State Custodians, you won’t have to pay any upfront fees. However an annual service fee is payable if you opt for its standard variable or line of credit loan options.

Easy access to cash: Easy access to cash: 

When you choose a State Custodians home loan, you’ll have easy access to your home loan across a number of platforms including an online redraw facility, BPAY, Debit MasterCard, EFTPOS and even cheque (with line of credit loan option).

100% offset account: 100% offset account: 

State Custodians variable home loans have an attached offset account feature to help you trim the interest you pay. You can maximise the benefit of this feature by depositing your salary into the offset account and drawing out funds as you need them.

Extra repayments facility: Extra repayments facility: 

Extra repayments are welcome with State Custodians Breathe Easy and Standard Variable loan options so whenever you get spare coin, show some love to your home loan and watch your outstanding balance and interest payments shrink.

How are State Custodians home loans rated?

Is an online lender right for me? Before you answer that question, check out our rate and review section where we ask real customers to rate State Custodians home loans on everything from price and features to customer service and convenience.

State Custodians home loans

Overall 8.7*

Price

Features

Customer service

Convenience

Trust

3 Reviews

* Overall rating based on reviews in the past 12 months.

Recent State Custodians home loan reviews Recent State Custodians home loan reviews

State Custodians

State Custodians Breathe Easy Spring Special (LVR<80%, Owner Occupier) home loan review

Overall rating   9 / 10

Trustworthy, reliable and low maintenance

I liked this provider initially due to their competitive home loan rates. Now I like this provider because of the seamless low maintenance nature of the loan and Internet accessibility. In future I will like this provider and the product due to my...

Full review

I liked this provider initially due to their competitive home loan rates. Now I like this provider because of the seamless low maintenance nature of the loan and Internet accessibility. In future I will like this provider and the product due to my loyalty bonus - I.e. lower interest rate. On the rare occasions I have had to call the provider they have always be extremely helpful.

    Price   9 / 10

    Features   6 / 10

    Customer service   9 / 10

    Convenience   8 / 10

    Trust   10 / 10

Less

Nick (SA), reviewed 8 months ago

State Custodians

State Custodians Standard Variable Spring Special (LVR<80%, Owner Occupier) home loan review

Overall rating   10 / 10

Competitive premiums and great customer service

What an amazing experience and remarkable journey from the very first phone call we made to 13 72 62 / 02 4950 3300 to a prompt and straightforward settlement! We have been impressed beyond my wildest expectations by State Custodians and their...

Full review

What an amazing experience and remarkable journey from the very first phone call we made to 13 72 62 / 02 4950 3300 to a prompt and straightforward settlement! We have been impressed beyond my wildest expectations by State Custodians and their professional and proficient team. We had the pleasure of dealing with the following amazing people from State Custodians: Erin Miller, Janelle Foster and Robyn Ridgeway. We must also highlight the contribution to a timely settlement of State Custodians’ solicitors, Gadens, who worked very fast on organising all paperwork for a prompt settlement, in particular, Tracey Goodall and Samantha Page. I am writing this review to encourage other people who are on the market for a loan to place State Custodians at number one on their wish list while searching for their next home loan so they can make their next property purchase an enjoyable and pleasant experience. State Custodians’ passionate team members are truly custodians of customer care and professionalism.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Denis (VIC), reviewed 12 months ago

State Custodians

State Custodians Standard Variable Spring Special (LVR<80%, Owner Occupier) home loan review

Overall rating   10 / 10

Flexible loan with great rates

This was one of the easiest processes I have had to go through to get a loan, all the way through to settlement. The staff on the phone were polite. My official pre-approval took less than 1 week. My settlement was 4 weeks instead of 6 weeks and...

Full review

This was one of the easiest processes I have had to go through to get a loan, all the way through to settlement. The staff on the phone were polite. My official pre-approval took less than 1 week. My settlement was 4 weeks instead of 6 weeks and everything went smoothly. They kept me informed every step of the way via email from documents I needed to submit to the stages of final settlement. The rate was very good. The loan is very flexible except the website design needs to be a bit better. You can only make additional repayments once per login. So if I want to make another repayment, I have to logout and log in again. Apart from that, I would consider them again.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Cheryl (NSW), reviewed almost 3 years ago

State Custodians

State Custodians Breathe Easy Spring Special (LVR<80%, Owner Occupier) home loan review

Overall rating   6 / 10

Initial rate offered low to suck in customers

Advertised cheap low cost interest rate initially, however, failed to pass on full RBA rate custs. Expensive compared to competitors products and not very flexible.

Full review

Advertised cheap low cost interest rate initially, however, failed to pass on full RBA rate custs. Expensive compared to competitors products and not very flexible.

    Price   6 / 10

    Features   6 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   6 / 10

Less

Mozo reviewer (VIC), reviewed about 3 years ago

State Custodians

State Custodians home loan review

Overall rating   8 / 10

Like a packet of liquorice allsorts, inconsistent

Very competitive interest rates but the application process was like trying to communicate to some of the teenagers at the school I work at. I had to constantly call and ensure the application was progressing and it took over three weeks to gain...

Full review

Very competitive interest rates but the application process was like trying to communicate to some of the teenagers at the school I work at. I had to constantly call and ensure the application was progressing and it took over three weeks to gain final approval! In saying that, the cheap rate made it all worth it. Also, their online service looks like a website dragged out of the early 90's and could definitely do with an upgrade.

    Price   10 / 10

    Features   10 / 10

    Customer service   4 / 10

    Convenience   5 / 10

    Trust   7 / 10

Less

Peter (QLD), reviewed over 3 years ago

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Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

What do you need to apply for a State Custodians home loan? What do you need to apply for a State Custodians home loan?

When you sign up for a home loan with State Custodians, you’ll have the option of an online or offline application process. Whatever you choose, ensure you have the following details and relevant documents ready for an easy loan application:

  • Personal details including contact info, address, employment.
  • Income details i.e. salary and wages, self employed net profit, rental income etc.
  • Loan details such as loan product, loan term, purpose of the loan, loan portion (fixed/variable).
  • Details of assets including any existing property, land, cars, home contents, savings, superannuation.
  • Details of liabilities for instance any existing mortgage, personal/car loan, credit card and tax.
  • Details of expenses for example basic living expenses, insurance, life insurance, private health/medical.
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