Why choose MyState Bank

Benefits

  • Suitable for small deposits.
  • Discounted interest rates available.
  • Flexible repayment options.

Drawbacks

  • Branch access limited to Tasmania.
  • No package loans.

MyState Bank Home Loans

Loan amount

$

Minimum deposit

Loan type & Term

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Compare
Company
Product
Standard Variable
Real Time Rating™
Features
Owner Occupied
20% min deposit
P&I
Offset Account
Australian Credit Licence 240896
Interest Rate
Comparison Rate*
Repayment

8.17%

p.a

Variable

8.25%

p.a

$2,741

monthly

Go to site
Australian Credit Licence 240896
Compare
Company
Product
Basic Variable
Real Time Rating™
Features
Owner Occupied
20% min deposit
P&I
Extra repayments
Australian Credit Licence 240896
Interest Rate
Comparison Rate*
Repayment

5.94%

p.a

Variable

5.97%

p.a

$2,242

monthly

Go to site
Australian Credit Licence 240896
Compare
Company
Product
Basic Variable
Real Time Rating™
Features
Owner Occupied
30% min deposit
P&I
Extra repayments
Australian Credit Licence 240896
Interest Rate
Comparison Rate*
Repayment

5.89%

p.a

Variable

5.92%

p.a

$2,232

monthly

Go to site
Australian Credit Licence 240896
Compare
Company
Product
Basic Variable
Real Time Rating™
Features
Owner Occupied
40% min deposit
P&I
Extra repayments
Australian Credit Licence 240896
Interest Rate
Comparison Rate*
Repayment

5.89%

p.a

Variable

5.92%

p.a

$2,232

monthly

Go to site
Australian Credit Licence 240896
Compare
Company
Product
Special Residential
Real Time Rating™
Features
Owner Occupied
30% min deposit
P&I
Offset Account
Australian Credit Licence 240896
Interest Rate
Comparison Rate*
Repayment

5.99%

p.a

Variable

6.05%

p.a

$2,253

monthly

Go to site
Australian Credit Licence 240896

Home Loans calculator

Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.

$
130
25 years

Your estimated mortgage repayments

at interest rate 5.89%

Total interest payable

$0

Total loan repayments

$0

MyState Bank customer service

MyState customers can contact the bank in a number of ways, including by email, online or in person at their Tasmanian branches. There is a specialised home loan telephone line, as well as a general customer phone line and one for those experiencing financial hardship. Customers can also book a telephone or in-person appointment via the MyState website.

  • Customer service centre (phone)
  • Online banking
  • Email
  • Branch

How to Apply

Potential customers at MyState can apply for a home loan in a number of ways. There is an online application on the MyState website and applications can also be made via the specialised home loan phone line. Customers also have the option of meeting with a MyState home loan specialist in person at one of their local branches. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

  • Personal identification documents.
  • Proof of income and employment.
  • Information on other earnings, assets and savings.
  • Details of other loans, debts and liabilities.
  • Personal insurance documents.

Refinancers will also have to provide home loan statements for the past six months and a current payout quote for the loan you wish to refinance.