State Custodians Peak Performance Offset Home Loan

Borrow $500,000 or more with a competitive interest from 3.99% with State Custodians

With interest rates starting at 3.99% for loans with an LVR of under 80% and a range of extra features, this home loan could help you own your property faster. Features include a 100% offset account, unlimited extra repayments with a free redraw facility and also the availability of a line of credit option.

Important update

State Custodians no longer offers their Peak Performance Offset Home Loan for sale, this page is for informational purposes only.

Things to consider about the State Custodians Peak Performance Offset Home Loan

This loan can be used for owner occupiers, investors or business purposes however it cannot be used for construction of a new home.

You can borrow up to of the property's value however the interest rate increases for any loans where you borrow above of the property's value and you will then also be required to pay lenders mortgage insurance (LMI).

Features of the State Custodians Peak Performance Offset Home Loan

  • Loan amount. This loan has a minimum loan size of and a maximum loan size of .
  • Loan to Value Ratio. The maximum LVR available is however any borrowings with an LVR above will attract Lender's Mortgage Insurance (LMI) and higher interest rates.
  • Repayments. You can have principal and interest repayments, or just interest-only repayments for a period of time. Payment frequencies also range from weekly, fortnightly and monthly. BPAY and salary crediting is also available.
  • Split your loan. You can split your loan into up to six portions for free and this also allows you to have a portion on a fixed rate and a portion on a variable rate.
  • Make additional repayments. You can make unlimited extra repayments onto your home loan to assist in paying it off sooner.
  • Redraw facility. You have an unlimited number of free redraws, allowing you to withdraw additional repayments you've made, as long as each withdrawal is over $100 and is made online.
  • Offset account. This home loan comes with a 100% offset account, so you can save on interest payments.
  • Linked debit card. You have the option of linking a free debit MasterCard with free ATM transactions through the Westpac group ATM network.
  • Branch access. You can deposit cheques at any Westpac branch.
  • Portability. Available for a fee of excluding LMI, conditions apply.
  • NRAS approved. This loan is available as part of the National Rental Affordability Scheme.


Fees you can avoid:
  • Application fee: .
  • Settlement fee: .
  • Early exit fee: .
Fees you can't avoid:
  • Annual fee: .
  • Property valuation: per valuation.
  • Title discharge fee: plus legal fee (charged by the funder).

How to find out more about the Peak Performance Offset Home Loan or apply

Find out more information about this loan when you can click the '' or '' buttons on this page. This will take you to the State Custodians' website. You can fill in your details on a contact form and a representative will be in touch.

You can also apply for instant pre-approval. You'll be asked how much you'd like to borrow, the location of the property you're interested in and which home loan you want to apply for. Please note that SMSF applications can not be done online and need to be done directly with State Custodians.


State Custodians recommends the following to help the success of your application

  • You need to be in your job for at least 3-6 months depending on the loan you're applying for. If you've been in the same industry for two years, then being in your job for less than 3 months may be considered.
  • If you have bad credit, a consultant from State Custodians is happy to discuss your situation and talk to you about your options
  • If you are casually employed, you'll need to show that you've been with the same employer for at least 12 months and that you receive regular shifts.
How long does the process usually take?

Approval can take as little as a week depending on the following:

  • How soon you can provide all the documentation
  • How soon a valuer can have access to the property and assess the value
  • You respond when more information is requested
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10 Responses

  1. Default Gravatar
    DeeOctober 22, 2013

    I am a discharged bankrupt as of 14/11/11. Just wondering what loans are available to discharged bankrupts and at what time.

    • Staff
      ShirleyOctober 23, 2013Staff

      Hi Dee,

      Thanks for your comment.

      Please have a look at our featured bad credit loans and low-doc home loans. Approval is dependent on the lender’s criteria.

      Hope this helps,

  2. Default Gravatar
    sunilSeptember 11, 2013

    does your peak performance home loan offers 2 offset accounts?

    • Staff
      ShirleySeptember 12, 2013Staff

      Hi Sunil,

      Thanks for your comment.

      The Peak Performance home loan comes with 1 offset account.

      Hope this helps,

  3. Default Gravatar
    July 8, 2013

    I am owner builder. Looking for construction loan

  4. Default Gravatar
    ToniJuly 1, 2013

    Hi. The Commonwealth Bank tells me the best rate is 5.2% variable or 4.99% fixed. I am looking at refinancing loans after a break-up and am borrowing in total $920,000 (this includes $320,000 for an investment property) my income is $85,000 and the investment is rented $350 weekly. Plus I have a Barn on my property that is rented $350 weekly these would contribute to the loans. ( I also have made the home a twin dwelling and am renting out the other part of the house which is a 3 bedroom at $350.).

    • Staff
      JacobJuly 1, 2013Staff

      Hi Toni. If you’re interested in refinancing your home loan, you may want to have a look out our guide on refinancing, which includes a comparison of home loans aimed at people refinancing their mortgage. You can compare the interest rate of these loans as well as their comparison rate to get an idea of the different offers currently in the market. If you would like to make an enquiry with a lender, you can do so by clicking apply / enquire on the loan’s review page to be directed the lender’s contact and application page. Thanks for your question. Jacob.

  5. Default Gravatar
    RicJune 28, 2013

    How does the mortgage offset work? If my salary goes into my mortgage account how can I access it via an ATM? (and not pay 3rd party transfer fees) Is it easy to pay normal bills?

    • Staff
      JacobJune 29, 2013Staff

      Hi Ric. Thanks for your question. Any money in your offset account is deducted from the loan principle when interest is calculated and charged on your loan. If you have your salary directly deposited into this account, you can access the funds a number of ways. Currently, you can withdraw from any Westpac ATM for one dollar per transaction. Other foreign ATMs will incur a higher fee. Alternatively, you can transfer funds from this offset account to another everyday transaction account using BPAY. You can pay your bills using BPAY too – this can all be done online. I hope this has helped and please let us know if you have any more questions. Jacob.

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