State Custodians Low Rate Line of Credit

Rates and Fees verified correct on April 24th, 2017

Access the equity in your home for renovations or to invest with the State Custodians Low Rate LOC

If you have been thinking of renovating your existing home, or using the equity to invest in other interests, State Custodians offer this line of credit home loan with a very low interest rate. The Low Rate LOC allows you flexible access to your equity and comes from a multi award-winning pedigree.

Interest Rate Max Insured LVR Max LVR
LVR 80% to 90% (Investor)
3.99% p.a.
Comparison Rate
4.02% p.a.
90% 80%
LVR 80% to 90% (Owner Occupier)
3.74% p.a.
Comparison Rate
3.77% p.a.
90% 80%
LVR up to 80% (Investor)
3.89% p.a.
Comparison Rate
3.92% p.a.
90% 80%
LVR up to 80% (Owner Occupier)
3.64% p.a.
Comparison Rate
3.67% p.a.
80% 80%
Product NameState Custodians Low Rate LOC
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$100,000
Maximum Loan Amount$2,000,000
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR90%
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Repayment TypePrincipal & Interest and Interest Only Options

Application Fee$0
Valuation Fee$286
Ongoing Fees$0 p.a.
Settlement Fee$0
Discharge Fee$300
Early Termination Fee$0


  • There is a $0 application fee.
  • A competitive interest rate.
  • It features unlimited repayments with no penalty fee.


  • A valuation fee of $286 applies.
  • When you pay off your loan, there is a $ fee that applies.

Key things you should know about this loan

LVRs at or below 80% are eligible for the lowest interest rate the interest rate will then increase as the LVR increases, you will also be charged Lender’s Mortgage Insurance for borrowing above 80% LVR. You can draw from this loan as much as you would like up to your credit limit however you must draw a minimum of $100.

You can deposit your salary into the line of credit to reduce any interest you pay and you can operate this as full transaction account. If after 15 years you are still using your line of credit, it will revert back to a standard Principal and interest home loan.

You can also link this loan to a Debit Mastercard so you can use your line of credit at an ATM or EFTPOS machine. You'll also get the added benefit of PayPass.

Features of the State Custodians Low Rate LOC

  • LMI. LMI is charged when you borrow over 80% of the value of the property you are using as security for your loan however you are able to add this charge to your principal loan amount to pay back with the bulk of your loan.
  • Split loan. Split your loan into portions at no extra charge you can only have one line of credit per loan but other variable or fixed portions are acceptable.
  • Access funds. You can have a free cheque book as well as access to a linked Debit Master Card in order for you to access the funds in this loan. You have fee free ATM transactions at all Westpac group ATMs.
  • Repayment flexibility. Your repayments can be made as interest only for 5 years after which they will convert to principle and interest payments, they can be made weekly, fortnightly or monthly to suit you.

Find out more information about the State Custodians Low Rate LOC and how to apply

If you are looking for a flexible line of credit that allows you direct access to your equity and think you're ready to apply for the Low Rate LOC, please click on 'Go to Site' to get your application started. You'll be taken to State Custodian's website, where you can start a pre-approval application or just find out more.

Are you eligible? You're eligible to apply for this loan if:
  • At least 18 years old
  • A resident or a non-resident
  • Have a good credit standing, though if you have a few defaults a State Custodians specialist can still offer some options
  • Employed and have been in the same job for at least 3-6 months. However, if you've been in the same industry for two years, this can be shorter.
  • Casually employed (but you must have been with the same employer for a period of at least 12 months and receive regular shifts.)
What documents do you need to supply to apply?
  • Personal details - full name, address, marital status and residency status
  • Employment details - whether you are PAYG or self-employed and annual income
  • Loan details - product name, borrowing situation and security property details
  • Financial details - your assets, liabilities and equity

Calculate your repayments by filling in some of your details

State Custodians Low Rate Line of Credit Interest Rate History vs RBA Cash Rate Graph

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This page was last modified on 13 April 2017 at 9:40am.

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State Custodians Low Rate LOC

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