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State Custodians Low Rate Line of Credit

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 up to 60% (Investor, IO)
2.99% p.a.
Comparison Rate
2.85% p.a.
60% 60%
LVR up to 60% (Owner Occupier, IO)
2.74% p.a.
Comparison Rate
2.76% p.a.
60% 60%
LVR up to 80% (Investor, IO)
3.15% p.a.
Comparison Rate
3.16% p.a.
80% 60%
LVR up to 80% (Owner Occupier, IO)
2.9% p.a.
Comparison Rate
2.92% p.a.
80% 60%
LVR up to 90% (Investor, IO)
3.45% p.a.
Comparison Rate
3.46% p.a.
90% 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
Minimum Loan Term15 years
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR90%
Mortgage Offset AccountNo
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$0
Ongoing Fees$0 p.a.
Discharge Fee$300 plus legal
Early Termination Fee$0


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


  • No offset account
  • When you pay off your loan, there is a $300 exit fee plus legal

Who is State Custodians?

State Custodians is a non-bank lender funded by Resimac LIMITED, a 30-year industry veteran, awarded a 'strong' servicer ranking by Standard and Poors, the ratings agency's highest category. It has written more than $1 billion in home loans to date. Because State Custodians is an online lender without physical branches, it saves on overheads and can pass low rates on to you.

Details to keep in mind about the State Custodians Low Rate LOC

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 a full transaction account. If after 5 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 can make interest-only repayments for up to 5 years, after which they will convert to principle and interest repayments. Repayments can be made weekly, fortnightly or monthly to suit you.

How to apply for the State Custodians Low Rate LOC

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

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State Custodians Low Rate LOC

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $0 / $0

  • Max LVR


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