MyState Bank

MyState Bank Personal Loans

Apply for secured and unsecured personal loans with a redraw facility and no fees charged for early repayment.

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  • Please note that MyState Bank no longer directly offer personal loans. They have partnered with Plenti to offer personal loans.

MyState Bank is a Tasmanian-based financial lender with over 50 years of experience providing and managing a range of financial products. Besides personal loans, MyState Bank also offers home loan products, insurance, bank accounts and a variety of bank cards.

MyState Bank subscribes to responsible lending, meaning that you won't be approved for a loan amount that you can't afford to repay. As the largest Tasmanian-owned financial lender, MyState Bank currently services over 120,000 customers across the Australia.

Compare MyState Bank Personal Loans

MyState Bank partners with Plenti for their personal loan offerings. Compare your options below and click Go to site when you're ready to apply.

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Plenti Personal Loan

From 6.39% (fixed)
6.39%
$5,000
3 to 7 years
$0 to $649
$0
You'll receive a fixed rate between 6.39% p.a. and 17.89% p.a. based on your risk profile.
A flexible loan with amounts from $5,000 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.
Plenti Variable Rate Personal Loan

From 6.39% (variable)
6.39%
$5,000
1 to 3 years
$0 to $649
$0
You'll receive a variable rate from 6.39% p.a and 17.89% p.a. based on your risk profile
A flexible loan with amounts from $5,000 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.
Plenti Green Loan

From 6.99% (fixed)
7.90%
$5,000
3 to 7 years
starts from $300
$4
You'll receive an interest rate of 6.99% p.a.
A loan up to $50,000 to help you purchase a range of environmentally friendly products. Receive a rate estimate before you apply.
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Compare up to 4 providers

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Plenti Car Loan
From 4.89% (fixed)
5.44%
$10,001
3 to 7 years
from $249 to $799
$0
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
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Compare up to 4 providers

What types of personal loans does MyState Bank offer?

  • Fixed rate personal loan. Borrow up to $50,000 over a maximum loan term of 7 years with interest rates starting at 6.39% p.a.
  • Variable rate personal loan. No assets or collateral are required to secure this loan type. You can borrow between $5,000 and $50,000 over a loan period of 1 year to 3 Years. The same repayment terms apply with interest rates starting at 6.39% p.a.
  • Green loans. Plenti offers financing for environmentally friendly purchases, such as solar panels, batteries or energy efficient products. You can borrow up to $50,000 at a fixed rate starting from 6.99% p.a..
  • Car loans. Plenti provides a personalised car loan of up to $100,000 at a fixed rate starting from 4.89% p.a.

What other products does MyState Bank offer?

Besides personal loans, MyState Bank also offers the following financial products:

  • Home loans. MyState Bank's four home loans are tailored to help customers buy their first home or invest in additional properties. A line of credit is also available as a home loan option.
  • Bank accounts. You can open one of five bank accounts to help you save or use the offset account to decrease interest on home loans or facilitate paying bills.
  • Term deposits. These can help customers create wealth over investment terms of between one and 24 months.
  • Business financial products. MyState Bank offers new and established businesses a tailored set of financial products.
  • Personal loan insurance. This product insures the loan amount and will cover repayments in certain cases of accident or injury. Choose between four types of cover.

How to apply for a MyState Bank personal loan

MyState Bank accepts applications online as well as in person at a branch. You can also request a call-back by filling in the fields at the bottom of the personal loans product page. Advice is also available on the customer service line.

You'll be asked to confirm your age and citizenship or resident status before going through to the application form, as well as meet the following criteria:

  • You must be at least 18 years old.
  • You must an Australian citizen or permanent resident.
  • You must confirm that you've been employed part-time or full-time for at least three months, casually employed for at least 12 months or self-employed for at least two years.
  • Your credit history must be free of defaults and bankruptcy.

You'll also need the following documents on hand:

  • Proof of income. Your two latest payslips dated within the last 60 days or last year's Group Certificate plus one recent payslip. If you are self-employed, you must provide a copy of your two latest tax returns, as well as profit and loss statements for the past two financial years and your most recent tax assessment.
  • Assets. This includes investments or other assets you may have, including valuable furniture, leisure items, vehicles and superannuation.
  • Liabilities. Here you must declare any credit cards, existing loans and other debts you're currently repaying.

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Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 5.35% p.a. and based on your risk profile.
Apply for a loan up to $70,000 and repay your loan over 3 or 5 years terms.

Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 8.99% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 years to 7 years loan terms available. This loan comes with no fees for extra repayments and no early exit fees.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 5.95% p.a. and 19.99% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

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