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Home Loans to suit you
We’ve got a better home loan for you. Switch and save up to $1000.*
Switch your home loan to MyState Financial, and you could receive up to $1000 towards your refinancing costs.
Our Home Loans have no monthly fees, flexible repayments and you may be able to borrow up to 95% of the value of the property.
Talk to us today about finding the best Home Loan for you. |
Your home is probably the biggest purchase you’ll ever make, so it’s worth talking to someone who can help you choose the right loan.
Our Home Loans have no monthly fees, flexible repayments and you can generally borrow up to 97% of the value of the property. See for yourself and decide which is best for you.
Our Home Loans include:
Which home loan is right for you?
Compare our range of home loans and see which one is right for you.
| Features |
Essentials Home Loan |
Variable Home Loan |
Fixed Rate Loan |
Land Loan |
Residential Investment Loan |
| No Monthly Account Keeping Fee |
yes |
yes |
yes |
yes |
yes |
| Flexible repayments - weekly, fortnightly, monthly |
yes |
yes |
yes |
yes |
yes |
Up to 30 Year Loan Term
(fixed rate terms apply) |
yes |
yes |
yes |
yes |
yes |
| Variable Rate |
yes |
yes |
|
yes |
yes |
| Fixed Rate |
|
|
yes |
|
|
| Split Option Available |
yes |
yes |
yes |
|
yes |
| Minimum amount for variable portion on split loans |
$100,000 |
$20,000 |
$30,000 |
|
$20,000 |
| Redraw Facility |
yes |
yes |
|
yes |
yes |
| Offset |
|
yes |
|
|
|
| Interest Only |
yes |
|
|
|
yes |
| Minimum Loan Size |
$100,000 |
$20,000 |
$30,000 |
$20,000 |
$20,000 |
| Maximum Loan size |
$2,000,000 |
|
|
$150,000 |
|
| Fee-Free Additional Payment Facility |
yes |
yes |
yes |
yes |
yes |
| Borrow Up To vs. Property Value * |
97% |
97% |
97% |
100% |
97% |
* Subject to conditions and Lenders Mortgage Insurance approval.
Essentials Home Loan
Our Essentials Home Loan is ideal whether you’re buying an owner-occupied home, residential investment property, vacant land or refinancing your existing loan from another lender.
Features
- No monthly account keeping fees
- Flexible repayments – weekly, fortnightly or monthly
- $100,000 minimum loan
- Borrow up to 97%* of the property value
- Loan term up to 30 years
- A Redraw Facility is available ($500 minimum)
*Subject to conditions and Lenders Mortgage Insurance approval.
Variable Home Loan
A Variable Home Loan is suitable for buying an owner-occupied home, residential land, buying or building a home or unit, renovating or refinancing your existing loan from another lender.
Features
- No monthly account keeping fees
- 100% Offset Facility available
- Flexible repayments – weekly, fortnightly or monthly
- $20,000 minimum loan
- Borrow up to 97%* of the property value
- Loan term up to 30 years
- A Redraw Facility is available ($500 minimum)
*Subject to conditions and Lenders Mortgage Insurance approval.
Fixed Rate Home Loan
A Fixed Rate Loan is great for buying an owner-occupied home, investment property, vacant land or refinancing your existing loan from another lender.
With a fixed interest rate your repayments remain the same for the selected term. With a guaranteed interest rate you know exactly how much you’re going to pay every time.
At the end of the selected term, the interest rate converts to our Variable Home Loan interest rate current at that time.
Features
- No monthly account keeping fees
- Interest rate fixed for 1, 2 or 3 years
- Flexible repayments – weekly, fortnightly or monthly
- Borrow up to 97%* of the property value
*Subject to conditions and Lenders Mortgage Insurance approval.
Land Loan
Our Land Loan allows you to purchase vacant land to build your first home, or a bigger home.
Features
- No monthly account keeping fees
- Flexible repayments – weekly, fortnightly or monthly
- Borrow up to 100% of the land value or purchase price, whichever is less (conditions apply)
- Maximum loan amount $150,000
- Loan term up to 30 years
- $20,000 minimum loan
- A Redraw Facility is available ($500 minimum)
Residential Investment Loan
A Residential Investment Loan can be used for buying a residential investment property or refinancing your existing loan from another lender.
Features
- No monthly account keeping fees
- Flexible repayments – weekly, fortnightly or monthly
- Borrow up to 97%* of the property value
- Loan term up to 30 years
- $20,000 minimum loan
- A Redraw Facility is available ($500 minimum)
- Interest only option is available
*Subject to conditions and Lenders Mortgage Insurance approval
To find out more, or to apply for a home loan, call MyState Financial on 138 001, or visit your nearest Branch.
* Transfer costs for fees incurred when switching another financial institution home loan to MyState Financial will be limited to a maximum of $750 (inclusive of any GST) for loans between $100,000 and $150,000 and up to a maximum of $1,000 (inclusive of any GST) for loans of $150,000 or greater. Associated mortgage transfer costs refunded can include costs of registration, early repayment fees, valuation fee or loan establishment fees. Evidence of any charges incurred may be required. MyState Financial reserves the right to withdraw or amend this offer at any time.
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