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MyRate Advantage Loan

As one of the largest financial commitments many Australians make in their lifetime, a mortgage is serious business. It is important to find the one that suits you and all of your specific needs.
However, often when you compare home loans, you find that they are designed to cater to a specific purpose when what you are looking for is an all-around answer to your needs.

We have created the solution to this problem - the MyRate Advantage Loan.

This loan may be suitable if...

Getting the Most of the Advantage Loan

  • Have your income go straight into the loan
  • Use your existing credit card to make all your monthly purchases
  • When your credit card bill is due, use the free redraw facility to pay it off from your Advantage Loan

The above procedure will minimise your interest by keeping as much of your savings as possible in your loan facility and offsetting the loan balance.

MyRate Advantage Loan features
Type of loan   Standard Variable
Low variable interest rate 5.17% p.a.
Comparison Rate# 5.17% p.a.
Application fees* $0
Valuation fees* $0
Legal fees* $0
Settlement fees* $0
Ongoing/Monthly fees* $0
Redraw fees* $0
Deferred establishment fees $0
Full fee schedule We have done our best to minimise as many fees as possible.
View our full fee schedule and descriptions.
Minimum loan $100k ($25k in combo)
Maximum loan $2M (more with special approval)
Max LVR 95%
LMI Payable Usually applies if your LVR > 80% (see your loan consultant for details)
Splits/Combination yes
Interest Only Up to 5 years (monthly repayments only)
Repayment frequency Fortnightly or monthly
Unlimited redraws* yes
Additional repayments* yes
Term 10 to 30 years
Direct debit yes
Salary crediting yes
Deposit Book* yes
Cheque/ATM/Credit Card/Eftpos Learn more
Internet/Phone Banking/BPay yes
Portable yes
Statements Half Yearly
Product Info Sheet Download PDF

What makes the MyRate Advantage Loan different?

  • The MyRate Advantage Loan was designed to be one of the best all-round home loans in Australia. It has one of the lowest variable home loan rates on the market and is also very flexible and feature-packed.
  • To secure this unique product, we ask no fees* and offer free unlimited redraws. You would never think this kind of flexibility would be available in such a cheap home loan, but that is the MyRate difference.
  • The best part about the Advantage Loan is that it provides the solution to a variety of requests, making it one of the most convenient options on the market.

Get started today

Securing the MyRate Advantage Loan could be the answer to your financial strategy.

Contact us to discuss how one of the best home loans in Australia can work for you.

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how much can i borrow
MyRate Update
Thursday 8th January 2015

Borrow up to 97%?

MyRate can offer a 97% LVR on purchases including capitalised LMI. Available at 5.17% variable and comparison rate.

Enquire now to find out more.

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