BankMate

Home loan · Variable

Basic Variable Loan

Loan for
Repayments
Deposit

6.47%comparison rate p.a. · 6.44% advertised

Variable · P&I · Owner-occupier · 70–80% LVR

36th of 93 variable owner-occupier P&I loans

Go to MyState

Comparison rates are based on a secured loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Offset account
No
Redraw
Yes
Extra repayments
Yes
Application fee
$300
Ongoing fee
None
Discharge fee
$380
Compare all 321 home loans
Compare MyState Basic Variable side by side

Variable · P&I · Owner-occupier · ≤60% LVR
6.32% comparison · 6.29% advertised
Variable · P&I · Owner-occupier · 60–70% LVR
6.32% comparison · 6.29% advertised
Variable · P&I · Owner-occupier · 70–80% LVR
6.47% comparison · 6.44% advertised
Variable · P&I · Owner-occupier · 80–90% LVR
6.67% comparison · 6.64% advertised
Variable · P&I · Owner-occupier · 90–100% LVR
7.57% comparison · 7.54% advertised
Variable · Interest Only · Owner-occupier · ≤80% LVR
6.77% comparison · 6.74% advertised
Variable · P&I · Investor · ≤60% LVR
6.49% comparison · 6.44% advertised
Variable · P&I · Investor · 60–70% LVR
6.49% comparison · 6.44% advertised
Variable · P&I · Investor · 70–80% LVR
6.54% comparison · 6.49% advertised
Variable · P&I · Investor · 80–90% LVR
6.94% comparison · 6.89% advertised
Variable · P&I · Investor · 90–95% LVR
7.69% comparison · 7.64% advertised
Variable · Interest Only · Investor · ≤60% LVR
6.59% comparison · 6.54% advertised
Variable · Interest Only · Investor · 60–70% LVR
6.59% comparison · 6.54% advertised
Variable · Interest Only · Investor · 70–80% LVR
6.64% comparison · 6.59% advertised
Variable · Interest Only · Investor · 80–90% LVR
7.04% comparison · 6.99% advertised

Application fee
$300
Ongoing fee
None
Discharge fee
$380
Valuation fee
$200
Redraw fee
None

Offset account
No
Redraw
Yes
Extra repayments
Yes
Portable
No
Repayment holiday
No

Minimum loan
$100,000

  • Basic Variable Loan · Variable · P&I · Owner-occupier
  • RBA cash rate
  • Market average
5.006.00SepOctToday6.47% p.a. today

October 20262 changes

  1. 27Tue
    • 15 variants up 0.20 to 0.2527 days after the RBA rise to 4.60%
      All Variable
      P&I · Owner-occupier · ≤60% LVR6.076.32+0.25
      P&I · Owner-occupier · 60–70% LVR6.076.32+0.25
      P&I · Owner-occupier · 70–80% LVR6.226.47+0.25
      P&I · Owner-occupier · 80–90% LVR6.426.67+0.25
      P&I · Owner-occupier · 90–100% LVR7.327.57+0.25
      Interest Only · Owner-occupier · ≤80% LVR6.526.77+0.25
      P&I · Investor · ≤60% LVR6.246.49+0.25
      P&I · Investor · 60–70% LVR6.246.49+0.25
      P&I · Investor · 70–80% LVR6.296.54+0.25
      P&I · Investor · 80–90% LVR6.696.94+0.25
      P&I · Investor · 90–95% LVR7.447.69+0.25
      Interest Only · Investor · ≤60% LVR6.396.59+0.20
      Interest Only · Investor · 60–70% LVR6.396.59+0.20
      Interest Only · Investor · 70–80% LVR6.446.64+0.20
      Interest Only · Investor · 80–90% LVR6.797.04+0.25
      +0.20 to +0.25
  2. 23Fri
    • Application fee $350 → $300 on 15 variants
      All Variable
      P&I · Owner-occupier · ≤60% LVR$350$300−$50
      P&I · Owner-occupier · 60–70% LVR$350$300−$50
      P&I · Owner-occupier · 70–80% LVR$350$300−$50
      P&I · Owner-occupier · 80–90% LVR$350$300−$50
      P&I · Owner-occupier · 90–100% LVR$350$300−$50
      Interest Only · Owner-occupier · ≤80% LVR$350$300−$50
      P&I · Investor · ≤60% LVR$350$300−$50
      P&I · Investor · 60–70% LVR$350$300−$50
      P&I · Investor · 70–80% LVR$350$300−$50
      P&I · Investor · 80–90% LVR$350$300−$50
      P&I · Investor · 90–95% LVR$350$300−$50
      Interest Only · Investor · ≤60% LVR$350$300−$50
      Interest Only · Investor · 60–70% LVR$350$300−$50
      Interest Only · Investor · 70–80% LVR$350$300−$50
      Interest Only · Investor · 80–90% LVR$350$300−$50
      −$50

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.

Also from MyState: Special Residential Variable Loan 6.49% · Fixed Rate Loan 7.95% · Standard Variable Loan 8.68%

As of 1 November 2026, the MyState Basic Variable Loan's variable owner-occupier P&I variant has a comparison rate of 6.47% (6.44% advertised), ranking 36th of 93 variable owner-occupier P&I loans and sitting 0.11 points below the market average of 6.58%. The product comes in 15 variants; the others are investor, interest-only and other LVR bands. Its rate last moved on 27 October 2026, 27 days after the RBA rise to 4.60%. From the provider's Consumer Data Right feed, refreshed nightly.