MyState Home Loans

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Compare home loan deals from MyState Home Loans

MyState, a subsidiary of MyState Limited, is the largest Tasmanian-owned financial institution. MyState offers its customers a number of home loans to choose from, including loans for first home buyers, loans for second homes, loans for investing in property, refinancing loans, as well as building and renovation loans. MyState offers a cash-on-hand line of credit, variable rate loans and fixed rate loans.

Interested in a home loan from MyState?

Aussie Mortgage Brokers have MyState on their lending panel, meaning they are able to discuss MyState home loans with you.

Compare MyState home loans

Rates last updated October 20th, 2017
$
Loan purpose
Offset account
Loan type
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Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
5.23%
5.30%
$600
$0 p.a.
90%
Borrow up to 95% LVR with redraw facility and a 100% offset account.
4.79%
5.11%
$600
$0 p.a.
95%
Apply for 5 years fixed rate Home Loan and have peace of mind over repayments.
4.59%
5.03%
$600
$0 p.a.
80%
4.59%
5.12%
$600
$0 p.a.
90%
Own your home sooner with MyState Fixed Rate Home Loan. Enjoy great features too.
4.09%
4.99%
$600
$0 p.a.
80%
Have the ease of budgeting when you know your repayments.
4.49%
5.16%
$600
$0 p.a.
95%
Lock in the rate for 2 years and enjoy protection from rising interest rate costs.
3.69%
5.01%
$600
$0 p.a.
80%
Borrow up to 80% LVR.
4.49%
5.23%
$600
$0 p.a.
95%
Pay no monthly home loan account keeping fees with this short term fixed rate loan.
4.29%
5.21%
$600
$0 p.a.
80%
Enjoy the flexibility of home loan repayments either in weekly, fortnightly or monthly.
4.31%
4.38%
$600
$0 p.a.
90%
100% offset facility available with the MyState Financial Special Residential Home Loan.
4.86%
4.93%
$600
$0 p.a.
90%
Enjoy a 100% offset facility, no monthly home loan account keeping fees and more features to choose from.
3.99%
4.04%
$600
$0 p.a.
80%
No monthly home loan account keeping fees with the MyState Financial Special Residential Home Loan.
15.50%
$95
$24 p.a.
80%
7.83%
$175
$24 p.a.
80%
11.20%
$175
$24 p.a.
80%
10.24%
$95
$24 p.a.
80%
5.63%
$600
$150 p.a.
80%
5.23%
$600
$150 p.a.
80%

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Enjoy a flexible range of options and low interest rates with Aussie Home Loans. Compare home loans from a panel of lenders, including the major banks.

Aussie can compare hundreds of home loans to help find the right deal for you. You'll get a free appointment and will get to see all the features of a loan, like exit fees and penalties, as well as the rates." fieldset="none"]

Home loans offered by MyState

Essentials home loan

The Essentials home loan is suitable for owner occupiers, investors, refinancers or for land purchases. This loan gives you the option to split between variable and fixed rates and does not attract monthly account-keeping fees.

It allows you to make weekly, fortnightly or monthly payments, and does not attract an early payout penalty. A redraw facility is also available.

Standard variable rate home loan

This loan suits people who are buying homes or land, people who are building homes or units, people who are renovating, and those looking for refinance options. Repayments can be made weekly, fortnightly or monthly, and an offset facility is available.

The Standard Variable Rate home loan allows redraws, offers an interest-only option and does not attract monthly fees or early payout penalties.

Fixed rate home loan

This home loan gives you the ability to keep your interest fixed for a set period of time. It is available to borrowers who wish to buy homes or land, and for refinancing existing home loans. This loan does not attract any monthly account-keeping fees, and first-time home buyers receive a discounted introductory rate. It also offers flexible repayment options.

Residential investment home loan

This loan is best suited for people looking to invest in property or refinance an existing mortgage. The Residential Investment home loan includes redraw and offset facilities. Flexible repayment alternatives and an interest-only option are available, and the loan can be split between fixed and variable rate portions. It does not attract monthly account-keeping fees.

Cash-on-Hand line of credit

This line of credit gives you access to a set amount of money you can use for any significant non-business purpose. The interest you pay depends on the money you use, not the entire sum of the loan. This line of credit comes with a direct debit alternative, and it does not attract any monthly account-keeping fees.

You can access funds in the line of credit via cheque, MyState Visa debit card, rediCARD or rediCARD PLUS, ATM and EFTPOS.

About how to compare home loans

How to apply for a MyState home loan

If you’d like to apply for a MyState home loan, please contact a mortgage broker.

Documents needed to apply for a MyState home loan

Personal information

To qualify for a MyState home loan you must be over 18 years of age and must be an Australian resident. In addition, you are also required to furnish documents that prove your identity, including:

  • Your passport
  • Your driver’s licence

Property information

Property-related information helps establish ownership of the property in question. The information required includes:

  • Copy of certificate of title
  • Copy of contract of sale
  • Copy of transfer of land

Financial information

MyState, as is the case with all other home loan providers, also checks your financial information to establish your ability to repay. You will have to submit the following:

  • Proof of income (last two payslips, group certificate, copies of tax returns)
  • Credit history (which should be free of bankruptcy and defaults)
  • List of liabilities (credit cards, personal loans and any other debt)
  • Details of assets (home, vehicle, superannuation, savings and any other items of value)
  • First Home Buyers Grant eligibility (if applicable)

MyState offers a range of home loan options to choose from, but make sure you carry out extensive research and only make a decision after you’ve compared the market.

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This page was last modified on 13 September 2017 at 11:24am.

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