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Who can apply

You must satisfy the following requirements to apply for a MyRate loan:
  • Be at least 18 years of age
  • Be an Australian resident
  • The property to be used as security must be located in Australia

A MyRate Loan can be used for the following purposes:

Some MyRate Loan products have specific credit requirements applicants must meet. Please refer to the table below.

  Advantage Rate Loan All-in-One Loan Low-Doc Loan
Borrower Type PAYG/self-employed/Company/Trust PAYG/self-employed PAYG (as co-borrower only) / Self employed / Company
Credit History Maximum 3 paid defaults less than $1000 Maximum 3 paid defaults less than $1000 Clear CRA
Un-acceptable income Centrelink payments* Pensions Centrelink payments* Pensions Centrelink payments* Pensions
Loan Purpose All purposes considered All purposes considered All purposes considered

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Lender  Rate 
(p.a.)
CCR#
(p.a.)
Fees
myrate 7.03% 7.03% $0*
Aussie 7.65% 7.70% $600
Westpac 7.71% 7.84% $600
St. George 7.74% 7.84% $700
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