My State PM ProductionBasic Variable Loan
Get a loan that's simple to use and easy to understand. Just a great low rate that helps you pay your home off faster. Available on new loans $100,000+, borrowing less than 90% of the property value subject to loan approval and lenders mortgage insurance requirements, with flexible repayment options, weekly, fortnightly or monthly.
At a glance
- Variable (owner occ. P&I)
- 6.29%6.32% comparison
- Variable (investor P&I)
- 6.44%
- Max LVR
- 100%
- Features
- redraw, extra repayments
How it compares
This home loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This home loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Variable home loanOwner occupier, principal & interest, 80% LVR | 6.44% | 5.93%SCCU's BROKER HOME LOAN | 6.38%of 104 institutions | 60th lowest of 104, level with 5 others |
| Investor variable home loanInvestment, principal & interest, 80% LVR | 6.49% | 5.94%AAA Financial Corporation's Portfolio Loan | 6.59%of 104 institutions | 26th lowest of 104, level with 14 others |
Rates
Every rate My State PM Production publishes for this home loan, 16 in all.
Variable rate by LVR
Owner occupier, principal and interest, the lowest rate published for each band of the loan's share of the property's value
- ≤60%6.29%
- 60–70%6.29%
- 70–80%6.44%
- 80–90%6.64%
- ≤98%6.44%
- 90–100%7.54%
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Investment, Interest only | - | ≤60% LVR | 6.54% | 6.59% | - |
| Variable | Investment, Interest only | - | 60–70% LVR | 6.54% | 6.59% | - |
| Variable | Investment, Interest only | - | 70–80% LVR | 6.59% | 6.64% | - |
| Variable | Investment, Interest only | - | 80–90% LVR | 6.99% | 7.04% | - |
| Variable | Investment, P&I | - | ≤60% LVR | 6.44% | 6.49% | - |
| Variable | Investment, P&I | - | 60–70% LVR | 6.44% | 6.49% | - |
| Variable | Investment, P&I | - | 70–80% LVR | 6.49% | 6.54% | - |
| Variable | Investment, P&I | - | 80–90% LVR | 6.89% | 6.94% | - |
| Variable | Investment, P&I | - | 90–95% LVR | 7.64% | 7.69% | - |
| Variable | Owner occupied, Interest only | - | ≤80% LVR | 6.74% | 6.77% | - |
| Variable | Owner occupied, P&I | - | ≤60% LVR | 6.29% | 6.32% | - |
| Variable | Owner occupied, P&I | - | ≤98% LVR | 6.44% | 6.47% | - |
| Variable | Owner occupied, P&I | - | 60–70% LVR | 6.29% | 6.32% | - |
| Variable | Owner occupied, P&I | - | 70–80% LVR | 6.44% | 6.47% | - |
| Variable | Owner occupied, P&I | - | 80–90% LVR | 6.64% | 6.67% | - |
| Variable | Owner occupied, P&I | - | 90–100% LVR | 7.54% | 7.57% | - |
Rate changes
16 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 27 Oct 2026 | Variable, Investment, Interest only, ≤60% LVR | 6.34% | 6.54% | up 0.20 |
| 27 Oct 2026 | Variable, Investment, Interest only, 60–70% LVR | 6.34% | 6.54% | up 0.20 |
| 27 Oct 2026 | Variable, Investment, Interest only, 70–80% LVR | 6.39% | 6.59% | up 0.20 |
| 27 Oct 2026 | Variable, Investment, Interest only, 80–90% LVR | 6.74% | 6.99% | up 0.25 |
| 27 Oct 2026 | Variable, Investment, P&I, ≤60% LVR | 6.19% | 6.44% | up 0.25 |
| 27 Oct 2026 | Variable, Investment, P&I, 60–70% LVR | 6.19% | 6.44% | up 0.25 |
| 27 Oct 2026 | Variable, Investment, P&I, 70–80% LVR | 6.24% | 6.49% | up 0.25 |
| 27 Oct 2026 | Variable, Investment, P&I, 80–90% LVR | 6.64% | 6.89% | up 0.25 |
| 27 Oct 2026 | Variable, Investment, P&I, 90–95% LVR | 7.39% | 7.64% | up 0.25 |
| 27 Oct 2026 | Variable, Owner occupied, Interest only, ≤80% LVR | 6.49% | 6.74% | up 0.25 |
| 27 Oct 2026 | Variable, Owner occupied, P&I, ≤60% LVR | 6.04% | 6.29% | up 0.25 |
| 27 Oct 2026 | Variable, Owner occupied, P&I, ≤98% LVR | 6.19% | 6.44% | up 0.25 |
| 27 Oct 2026 | Variable, Owner occupied, P&I, 60–70% LVR | 6.04% | 6.29% | up 0.25 |
| 27 Oct 2026 | Variable, Owner occupied, P&I, 70–80% LVR | 6.19% | 6.44% | up 0.25 |
| 27 Oct 2026 | Variable, Owner occupied, P&I, 80–90% LVR | 6.39% | 6.64% | up 0.25 |
| 27 Oct 2026 | Variable, Owner occupied, P&I, 90–100% LVR | 7.29% | 7.54% | up 0.25 |
Each change is logged the night it appears in the rates MyState Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
39 fees published, grouped by when they're charged.
When you take it out7
- Additional Valuation Fee (per each additional security)$200
- Establishment Fee - Increase to existing mortgage loans$350
- Establishment Fee - Increase to existing mortgage loans$350
- Establishment FeeNo fee
- Establishment Fee$300
- Settlement Fee$350
- Settlement Fee$350
When particular things happen32
- Additional Valuation Fee (per each additional security)$200
- Arrears Administration Fee
Payable on the seventh and the fourteenth day the account relating to the loan contract remains in arrears. (For older contracts, different frequencies may apply. Please refer to your contract).
$30 - Arrears Administration Fee
Payable on the seventh and the fourteenth day the account relating to the loan contract remains in arrears. (For older contracts, different frequencies may apply. Please refer to your contract).
$30 - Cheques deposited and dishonoured (per cheque)
Whenever a cheque deposited to your loan account is dishonoured
$20 - Cheques deposited and dishonoured (per cheque)
Whenever a cheque deposited to your loan account is dishonoured
$20 - Copy of Title
Payable upon a request to provide a copy of the certificate of Title
$30 - Copy of Title
Payable upon a request to provide a copy of the certificate of Title
$30 - Demand notices$30
- Demand notices$30
- Dishonour and Rejection fee (per dishonour)
Whenever a payment to your loan account is dishonoured or rejected.
$5 - Dishonour and Rejection fee (per dishonour)
Whenever a payment to your loan account is dishonoured or rejected.
$5 - Letter of Variation
Payable on approval of each variation under this loan contract.
$150 - Letter of Variation
Payable on approval of each variation under this loan contract.
$150 - Mortgage discharge
Payable on discharge of security
$380 - Mortgage discharge
Payable on discharge of security
$380 - Mortgage preparation
Payable on the preparation of each new mortgage over the goods or property required to secure this loan contract
$95 - Mortgage preparation
Payable on the preparation of each new mortgage over the goods or property required to secure this loan contract
$95 - Non-insurance Renewal Service expense$25
- Non-insurance Renewal Service expense$25
- Non-insurance Renewal Service expense$25
- Other default notices$30
- Other default notices$30
- Overdrawn Administration Fee
Payable on the seventh and the fourteenth day the account relating to the loan contract remains in arrears. (For older contracts, different frequencies may apply. Please refer to your contract).
$30 - Overdrawn Administration Fee$30
- Progressive draw (per draw)
Payable on an approval of each progressive draw request.
$150 - Progressive draw (per draw)
Payable on an approval of each progressive draw request.
$150 - Subsequent dealing
Payable on a request for each consent given or subsequent dealing request approved under this loan contract.
$150 - Subsequent dealing
Payable on a request for each consent given or subsequent dealing request approved under this loan contract.
$150 - Switch Fee
Payable on any switch between different interest rate types (for example, a switch from a variable interest rate to a fixed interest rate or to a different type of variable interest rate, or a switch…
$150 - Switch Fee
Payable on any switch between different interest rate types (for example, a switch from a variable interest rate to a fixed interest rate or to a different type of variable interest rate, or a switch…
$150 - Title production
Payable upon a request to produce the certificate of title.
$150 - Title production
Payable upon a request to produce the certificate of title.
$150
Features
- 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…
Eligibility and limits
- Minimum age 18
- Residency: An Australian citizen or permanent resident
- Minimum balance $100,000
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Published by MyState Bank under the Consumer Data Right, last changed by them on 27 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.