MyState Bank Unsecured Fixed Rate Personal Loan

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Borrow up to $50,000 and enjoy a competitive fixed rate for the life of the loan.

MyState Bank is offering a competitive rate personal loan of $3,000 to $50,000, with no security required and a fixed rate of 12.99% p.a. (comparison rate of 15.45% p.a.). This rate is fixed, so minimum repayments will remain the same for the life of the loan. Customers with good credit histories can qualify for this loan, which also boasts flexible repayment options and allows for penalty-free additional repayments. So, if you choose to, you can pay off your loan early and save money on interest.

12.99% (fixed)

Interest Rate (p.a.)


Comparison Rate (p.a.)


Min Loan Amount


Product NameMyState Bank Unsecured Fixed Rate Personal Loan
Interest Rate (p.a.)12.99% (fixed)
Comparison Rate (p.a.)15.45%
Interest Rate TypeFixed
Min Loan Amount$3,000
Max. Loan Amount$50,000
Loan SecurityUnsecured

Things to consider about a MyState Bank Unsecured Fixed Rate Personal Loan

This is an unsecured loan, so there's no need to use an asset as collateral on it. It also features a fixed rate, meaning that your minimum repayment amount will never change. Successful applicants can also choose whether to make their repayments weekly, fortnightly or monthly, depending on what suits their lifestyle best.

Applications take just 10 minutes to complete and successful applicants could have their funds transferred in as little as one business day. Loans are available on terms from 1 year and up to 7 years, and there's no penalty charge if you choose to pay off your loan early.

Features of the MyState Bank Unsecured Fixed Rate Personal Loan

This loan comes with a number of features, including:

  • Interest rate. This loan has a competitive interest rate of 12.99% p.a. with a comparison rate of 15.45% p.a.
  • Fixed rate. The rate of this loan is fixed, so the minimum repayments will never change.
  • Unsecured. This loan does not require asset security.
  • Loan purpose. This loan can be used for any legitimate purpose, from consolidating debts or paying medical bills to taking that dream holiday.
  • Quick application. Applications take just 10 minutes to complete with the required documentation.
  • Quick funding. Upon approval, you could have the funds in your account the next business day.
  • Loan terms. This loan features repayment terms of 1 to 7 years.
  • Flexible repayments. You can choose to repay this loan weekly, monthly or fortnightly.
  • Loan amount. Borrow from $3,000 to $50,000.
  • Extra repayments. Choose to repay the loan early penalty-free.

Fees and charges

There are also a number of fees and charges associated with this loan.

  • Establishment fee. This loan includes an establishment fee of $200.
  • Account keeping fee. This loan has a monthly account keeping fee of $5.
  • Dishonour fee. If you miss a repayment, you'll be charged an additional $30.

*Please note that other fees and charges may also apply.

How to apply for a MyState Bank Unsecured Fixed Rate Personal Loan

If you want to apply for this loan, simply click "Go to Site" and submit an application through the lender's website directly. However, before applying, please ensure that you meet the following criteria:

  • You are over the age of 18
  • You are an Australian citizen/permanent resident
  • You have a good credit rating
  • You are currently employed

You will also need the following documentation:

  • Two forms of ID – driver's licence, Australian passport or Medicare card
  • Two payslips – if you have an employer
  • Your most recent tax assessment – if you are self-employed

If you are unsure as to whether you are eligible, you can check your credit score for free ahead of time or you can contact MyState Bank by phone to discuss any details with them. However, before applying for a loan, you should always compare your options thoroughly, to ensure that you get the best deal for your circumstances.

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