MyRate Home Loan Products

Compare rates, fees & features of our mortgage products at a quick glance.



  Advantage Loan All-in-One Loan Low Doc Loan Construction Loan 1 – 5 year Fixed Loans
 
Suitable for... All borrower types All borrower types Self employed Purchasing land & funding building costs Fixing a portion of your loan; Investors
 
Interest Rate (p.a.)
$100k - $600k
6.13%
(6.13% CCR#)
6.60% 7.10%
(7.10% CCR#)
6.13% 6.73%7.98%
(See CCR#)
Interest Rate (p.a.)
Loans $600k+
6.09%
(6.09% CCR#)
6.50% 7.00%
(7.00% CCR#)
6.09% 6.73%7.98%
(See CCR#)
 
Application fees* $0 $0 $0 $0 $0
Valuation fees* $0 $0 $0 $295 final $0
Legal fees* $0 $0 $0 $0 $0
Settlement fees* $0 $0 $0 $0 $0
Ongoing/
Monthly fees*
$0 $0 $0 $0 $0
Redraw fees* $0 $0 $0 $0 $0
Deferred
establishment fees
Year 1: 1.00% of the original loan amount
Year 2: 0.80%
Year 3: 0.60%
Year 4: 0.40%
Year 5: 0.20%
6+ years: 0.00%
No DEF or penalty fees will apply to most standard variable loans if you pay down your loan but do not discharge your property.
 
Minimum loan $100k ($25k in combo) $100k $100k $100k $100k
Maximum loan $2M (more with special approval) $2M (can combine) $1.5M $1M $2M (more with special approval)
Max LVR   90% 90% 60% 90% land & construction 90%
Splits/Combination yes yes yes yes yes
Interest Only Up to 5 years (monthly repayments only) Evergreen Up to 5 years (monthly repayments only) Up to 1 year (monthly repayments only) Up to 5 years (monthly repayments only)
Repayment frequency Fortnightly or monthly
Unlimited redraws*   yes yes yes yes n/a
Additional repayments* yes yes yes yes yes Up to 10k per annum
Term 10 to 30 years Evergreen 10 to 30 years 10 to 30 years 10 to 30 years 
Direct debit yes yes yes yes yes
Salary crediting   yes  (on Principal & Interest loans only) yes yes  (on Principal & Interest loans only)   yes 
Deposit Book* yes yes yes yes yes
Cheque/ATM/
Credit Card/Eftpos
Learn more yes Learn more Learn more Learn more
Internet/Phone Banking/BPay yes yes yes yes  (except BPay) yes  (except BPay)
Portable   yes yes yes   yes
Statements Half Yearly Monthly Half Yearly Half Yearly Half Yearly
Product Info Sheet Download PDF Download PDF Download PDF Download PDF Download PDF

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Calculators
Lender % p.a CCR % Fees
myrate 6.13 6.13 $0*
CBA 6.86 6.99 $700
ANZ 6.91 7.01 $600
Westpac 7.01 7.14 $600
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