State Custodians Bad Credit Home Loan

Rates and Fees verified correct on May 25th, 2017

Do you have bad credit? State Custodians may be able you get back on track

State Custodians Bad Credit Home Loan offers a solution for borrowers with debts and credit impairments. If you've suffered from some bad marks on your credit history, State Custodians may be able to offer a solution.

Interest Rate Max Insured LVR Max LVR
70% LVR
5.09% p.a.
Comparison Rate
5.22% p.a.
90% 70%
80% LVR
5.09% p.a.
Comparison Rate
5.22% p.a.
80% 80%
85% LVR
6.01% p.a.
Comparison Rate
6.14% p.a.
90% 85%
90% LVR
6.71% p.a.
Comparison Rate
6.85% p.a.
90% 90%
Product NameState Custodians Bad Credit Home Loan
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$100,000
Maximum Loan Amount$1,500,000
Maximum Loan Term30 years
Maximum LVR90%
Maximum Insured LVR90%
Mortgage 100% OffsetYes
Loan Redraw FacilityYes
Split Loan FacilityYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$0
Valuation Fee$286
Ongoing Fees$0 p.a.
Settlement Fee$949
Discharge Fee$300


  • Borrow with previous bankruptcy or a Part 9 or 10 agreement
  • Free redraws
  • Six free loan splits
  • 100% offset account


  • Higher interest rate than regular home loans
  • $286 valuation fee
  • $949 settlement fee

Details to consider about the State Custodians Bad Credit Home Loan

The State Custodians Bad Credit Home Loan might be a good option for you if you've suffered one of the following life events:

  • Have previously been bankrupt or Part 9 or 10 agreement
  • Have a poor credit record
  • Are employed casually or have a scattered employment history
  • Have had a business failure
  • Have too many hits on your credit record from applying for too many loans
  • Have been rejected from another lender

Bad credit ratings can be as simple as unpaid debts or even situations which harmed your mortgage due to illness, divorce, family problems.

Interest rates and fees on bad credit home loans are determined by the number or defaults and unpaid debts against your name, how overdue your current mortgage is and how much your loan is compared to the value of the property.

To be eligible for a State Custodians Bad Credit Home Loan you must be employed or self-employed with a steady income and own a property, or have at least 10% deposit.

Features of the State Custodians Bad Credit Home Loan

  • High borrowing amount to property value
  • Eligible for people with unpaid defaults
  • Eligible for people with late payment history
  • Free redraw
  • Up to six free loan splits
  • Huge debt consolidation available
  • Borrow to pay tax debt
  • Free 100% offset account
  • Loan increases allowed (fees may apply)
  • No ongoing fees
  • Max 90% LVR for refinance and debt consolidation

When you submit your details to State Custodians they will discuss your situation. Once you have had your consultation they will inform you of the interest rates and fees.

What documentation is needed to apply?

  • Two pay slips and payment summary
  • Loans require one month's of transaction history

What are the debts that may be forgiven?

  • Defaults less than $2,000
  • Defaults listed or paid more than two years ago
  • Bankruptcy discharged two or more years ago
  • Discharges of Part 9 or 10 debt agreements

How to apply for a State Custodians Bad Credit Home Loan

Once you've completed the contact form on their website, a home loan expert from State Custodians will call you at a time of your choosing.

State Custodians Bad Credit Home Loan Interest Rate History vs RBA Cash Rate Graph

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This page was last modified on 14 October 2016 at 10:39am.

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4 Responses to State Custodians Bad Credit Home Loan

  1. Default Gravatar
    Keith | November 14, 2013

    I have a mortgage which I have had a few dishonours,and have a tax bill of around $100,000.Also have a few defaults for council rates.but as a contractor last year I earned over $200,000.what can I do to combine my debt to get back on track?

  2. Default Gravatar
    MICHELLE | July 6, 2013


    • Staff
      Shirley | July 8, 2013

      Hi Michelle,

      Thanks for your comment.

      Before applying for another home loan, please consider having a read of this page.


State Custodians Bad Credit Home Loan

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $0 / $0

  • Max LVR


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