Standard Variable Loan
MyState offers a premium variable rate product for customers seeking a home loan in excess of $30,000. If you're buying or building your own home, a residential investment property, a block of land, looking to refinance your home loan from another lender or simply topping up your existing home loan with MyState, now is the time to take advantage of this great offer. And deposits are eligible for Parental Guarantee.
- From (owner occupied)
- 8.37%
- 8.43% comparison
Interest Rates
Owner occupied — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 8.37% | 8.43% | LVR <=100% |
Owner occupied — Interest only
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 8.77% | 8.82% | LVR <=80% |
Investment — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 8.37% | 8.43% | LVR <=95% |
Fees
| Fee | Type | Amount |
|---|---|---|
| Mortgage preparation Payable on the preparation of each new mortgage over the goods or property required to secure this loan contract | Event | |
| Letter of Variation Payable on approval of each variation under this loan contract. | Event | |
| Mortgage discharge Payable on discharge of security | Event | |
| Dishonour and Rejection fee (per dishonour) Whenever a payment to your loan account is dishonoured or rejected. | Event | |
| Cheques deposited and dishonoured (per cheque) Whenever a cheque deposited to your loan account is dishonoured | Event | |
| Other default notices | Event | |
| Establishment Fee - Increase to existing mortgage loans | Upfront | |
Features
- Digital banking
- Just another way you can connect your money with your lifestyle. From banking easily on the go with the MyState Bank App, or at home through Internet Banking, to making faster payments with digital wallets or PayID, there are more ways than ever to access your money. Keeping your bank accounts safe is a key priority for us, so you can be confident starting today.
- What is Lenders Mortgage Insurance? Also known as LMI, this is insurance that generally protects the lender in the event you default on your repayments. This insurance is required if you're borrowing more than 80% of the property value.
- Offset account
- Our Offset Account is an everyday access account attached to your home loan. Your account balance is 100% offset against your linked Home Loan before the interest is calculated. So you pay less. The interest you save with an Offset Account can be huge over the life of the loan, and you can help shorten your loan term by years.
- Redraw facility
- Access any extra repayments you have made above your minimum monthly repayment requirement.
- Extra repayments
- Additional repayments. Make unlimited additional repayments
Eligibility
- Residency status — An Australian citizen or permanent resident
- Minimum age — 18 yearsA customer is or older than 18 years of age
Constraints
- Minimum balance — $30,000.00A $30,000 minimum balance is required for all Standard Variable and Fixed loans
More Information
Published by MyState Bank under the Consumer Data Right · Last updated 30 June 2026 · Product ID 8ef148c1-1466-483d-ac3c-ecc133bf1a20 · View on CDR.gov.au