My State PM Production
Basic 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.
Home loansBank updated 28 Aug 2026
At a glance
- Variable (owner occ. P&I)
- 6.04% · 6.07% comparison
- Variable (investor P&I)
- 6.19%
- Max LVR
- 100%
- Features
- redraw, extra repayments
§ 01 — Rates · 16
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Investment · Interest only | — | ≤60% LVR | 6.34% | 6.39% | — |
| Variable | Investment · Interest only | — | 61–70% LVR | 6.34% | 6.39% | — |
| Variable | Investment · Interest only | — | 71–80% LVR | 6.39% | 6.44% | — |
| Variable | Investment · Interest only | — | 81–90% LVR | 6.74% | 6.79% | — |
| Variable | Investment · P&I | — | ≤60% LVR | 6.19% | 6.24% | — |
| Variable | Investment · P&I | — | 61–70% LVR | 6.19% | 6.24% | — |
| Variable | Investment · P&I | — | 71–80% LVR | 6.24% | 6.29% | — |
| Variable | Investment · P&I | — | 81–90% LVR | 6.64% | 6.69% | — |
| Variable | Investment · P&I | — | 91–95% LVR | 7.39% | 7.44% | — |
| Variable | Owner occupied · Interest only | — | ≤80% LVR | 6.49% | 6.52% | — |
| Variable | Owner occupied · P&I | — | ≤60% LVR | 6.04% | 6.07% | — |
| Variable | Owner occupied · P&I | — | ≤98% LVR | 6.19% | 6.22% | — |
| Variable | Owner occupied · P&I | — | 61–70% LVR | 6.04% | 6.07% | — |
| Variable | Owner occupied · P&I | — | 71–80% LVR | 6.19% | 6.22% | — |
| Variable | Owner occupied · P&I | — | 81–90% LVR | 6.39% | 6.42% | — |
| Variable | Owner occupied · P&I | — | 91–100% LVR | 7.29% | 7.32% | — |
§ 02 — Fees · 39
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Additional Valuation Fee (per each additional security) | Event | $200 | — | — |
| Arrears Administration Fee | Event | $30 | — | 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). |
| Arrears Administration Fee | Event | $30 | — | 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). |
| Cheques deposited and dishonoured (per cheque) | Event | $20 | — | Whenever a cheque deposited to your loan account is dishonoured |
| Cheques deposited and dishonoured (per cheque) | Event | $20 | — | Whenever a cheque deposited to your loan account is dishonoured |
| Copy of Title | Event | $30 | — | Payable upon a request to provide a copy of the certificate of Title |
| Copy of Title | Event | $30 | — | Payable upon a request to provide a copy of the certificate of Title |
| Demand notices | Event | $30 | — | — |
| Demand notices | Event | $30 | — | — |
| Dishonour and Rejection fee (per dishonour) | Event | $5 | — | Whenever a payment to your loan account is dishonoured or rejected. |
| Dishonour and Rejection fee (per dishonour) | Event | $5 | — | Whenever a payment to your loan account is dishonoured or rejected. |
| Letter of Variation | Event | $150 | — | Payable on approval of each variation under this loan contract. |
| Letter of Variation | Event | $150 | — | Payable on approval of each variation under this loan contract. |
| Mortgage discharge | Event | $380 | — | Payable on discharge of security |
| Mortgage discharge | Event | $380 | — | Payable on discharge of security |
| Mortgage preparation | Event | $95 | — | Payable on the preparation of each new mortgage over the goods or property required to secure this loan contract |
| Mortgage preparation | Event | $95 | — | Payable on the preparation of each new mortgage over the goods or property required to secure this loan contract |
| Non-insurance Renewal Service expense | Event | $25 | — | — |
| Non-insurance Renewal Service expense | Event | $25 | — | — |
| Non-insurance Renewal Service expense | Event | $25 | — | — |
| Other default notices | Event | $30 | — | — |
| Other default notices | Event | $30 | — | — |
| Overdrawn Administration Fee | Event | $30 | — | 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). |
| Overdrawn Administration Fee | Event | $30 | — | — |
| Progressive draw (per draw) | Event | $150 | — | Payable on an approval of each progressive draw request. |
| Progressive draw (per draw) | Event | $150 | — | Payable on an approval of each progressive draw request. |
| Subsequent dealing | Event | $150 | — | Payable on a request for each consent given or subsequent dealing request approved under this loan contract. |
| Subsequent dealing | Event | $150 | — | Payable on a request for each consent given or subsequent dealing request approved under this loan contract. |
| Switch Fee | Event | $150 | — | 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… |
| Switch Fee | Event | $150 | — | 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… |
| Title production | Event | $150 | — | Payable upon a request to produce the certificate of title. |
| Title production | Event | $150 | — | Payable upon a request to produce the certificate of title. |
| Additional Valuation Fee (per each additional security) | Upfront | $200 | — | — |
| Establishment Fee - Increase to existing mortgage loans | Upfront | $350 | — | — |
| Establishment Fee - Increase to existing mortgage loans | Upfront | $350 | — | — |
| Establishment Fee | Upfront | No fee | — | — |
| Establishment Fee | Upfront | $300 | — | — |
| Settlement Fee | Upfront | $350 | — | — |
| Settlement Fee | Upfront | $350 | — | — |
§ 03 — Features
RedrawExtra repaymentsDigital banking
- · 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…
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: An Australian citizen or permanent resident
- · Minimum balance $100,000
§ 06 — Run the numbers
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Published by MyState Bank under the Consumer Data Right, last changed by them on 28 Aug 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.