How we can help you
MyRate is an online residential home loan provider based in Sydney. Our loans are securely funded by multiple banking institutions. MyRate has been acquired by Folio Mortgage & Finance who is the Mortgage Manager.
Folio Mortgage & Finance obtains home loan products at wholesale rates from our financier and then markets that range of products to you under the MyRate / Folio brand. Because of the volume of loans we originate, we are able to obtain competitive wholesale rates from our financier and then pass on those savings to consumers.
MyRate is here to bring transparency, flexibility and efficiency to a complex home loan process.
At MyRate we strive to simplify the home loan application process. Whether you are a remote worker, a 9-to-5 office employee or a full-time mother, we are just a phone call or email away. Enquire now to get started!
Some of our awards
1 The Compulsory Comparison Rate (CCR) applies only to the example or examples given. The CCR is based on a $150,000 loan over 25 years. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and costs savings such as fee waivers, are not included in the comparison rate and may influence the cost of the loan. For loan products that include LVR specific pricing, the revert rate used at the end of the fixed period to calculate the CCR makes use of the lowest available variable rate on offer.
2 MyRate rates shown are valid for new loans only and are subject to change at any time. Interest rates for "variable" type loans will vary from time to time with market conditions. Our funders may not always vary all existing loans by the same amount. As such, existing borrowers may have slightly different interest rates depending on when a home loan settled. There is not one "Standard Variable" reference rate that applies to all home loans. Existing customers can verify their current rate(s) by logging in to internet banking or by contacting customer service.
3 All information on this website is of a general nature and does not take into account your individual circumstances. MyRate has used its best endeavours to ensure the accuracy of all information on this website however your loan agreement will contain all final rates, fees, terms and conditions associated with your loan.
4 All products and information shown are for Australian residents with Owner Occupied applications making principal and interest repayments and some changes to advertised interest rates and features may apply if the loan is for Investment purposes or for interest only repayments.
5 Loans that come off a fixed rate will revert to the advertised variable rate applicable to the loan, at that time.
6 All calculations, comparisons, potential benefits, and indicative savings shown on the MyRate website do not take into account your personal circumstances, as such, your actual results may differ. MyRate does not give financial advice – for advice that takes your circumstances into account please consult a qualified financial advisor.
7 MyRate is not a bank or other Authorised Deposit Taking institution.