State Custodians Mortgage Company Standard Variable Offset Loan
Posted July 21st, 2010
and last modified February 21st, 2012
What happens when I click Enquire Now?
- Clicking Enquire Now will take you to the lender's website
- After completing the contact form, a mortgage expert will contact you
- The mortgage expert will ensure you find the right loan, calculate your repayments, and explains all the associated fees
- After going through the enquiry process you will be able to know how much you can borrow, begin your application when you are ready to apply and be approved for a home loan
When you are search for a home loan you will quickly realise that different loans will offer different things. Many fixed rate home loans will offer you stability but will be very restrictive, whereas the variable rate loans are usually very flexible your repayments may rise with the interest rates. The variable rate loans are the most common home loans in Australia as they allow people to be flexible and many will offer features that will save you money. The State Custodians Standard Variable Offset Loan is a standard variable home loan that offers you a great low interest rate and a variety of features that will save you money.
Features of the State Custodians Variable Loan
The State Custodians Standard Variable Offset Loan comes with a variety of features that will help you save money and add flexibility to your loan. The features that are offered with the State Custodians Standard Variable Offset Loan are:
- Borrowing conditions. You can borrow between $150,000 and $1,000,000 with the State Custodians Standard Variable Offset Loan. If you would like to borrow more you may be able to upon special request. You will be able to pay off the State Custodians Standard Variable Offset Loan over a 30 year period.
- Flexible repayment options. The State Custodians Standard Variable Offset Loan allows you to tailor the repayments so they suit how you receive your money. The State Custodians Standard Variable Offset Loan will allow you to repay the loan in weekly, fortnightly or monthly instalments.
- Interest offset account. One of the great features of the State Custodians Standard Variable Offset Loan that can save you money is the interest offset account. This account is linked with your loan account and any funds that are in the account will be offset against the loan when interest is calculated. So even though you will have complete access to the money you will be able to reduce the amount of interest you pay.
- Extra repayments. One of the features of the State Custodians Standard Variable Offset Loan that gives you some flexibility is the ability to make additional repayments. By making additional repayments you will be able to reduce the amount you owe faster, and reduce the interest you will pay. Many people will deposit their tax returns into the account to lower the loan amount.
- Redraw facility. If you do make any additional repayments then you will be able to redraw them at any time for no charge. This is a great feature that can free up additional money quickly if an unexpected bill arises.
- Fees. There are a variety of fees that are charged with the State Custodians Standard Variable Offset Loan. The fees that you will pay on the State Custodians Standard Variable Offset Loan are:
- An annual fee of $345.
- Lenders Mortgage Insurance processing fee of $499 (only for loans requiring mortgage insurance)
- No Exit fees. - To reward customer loyalty, there is a Loyalty Bonus Rate Drop of 0.25% after 5 years.
- There is also an optional debit card attached to all State Custodians Mortgage Company home loans for approved customers – a Mastercard debit card can be used for all EFT transactions including internet and phone purchases.
Some of the most popular loans in Australia are the standard variable loans that are offered by providers. These loans offer you a low interest rate and a variety of features that will help you save money and pay off your loan faster. The State Custodians Standard Variable Offset Loan is one of these loans and has all the above features. The State Custodians Standard Variable Offset Loan will give you the flexibility to pay off the loan faster by allowing you to make free additional payments while saving you money with the mortgage offset account that is linked to the loan. If you would like to know more about the State Custodians Standard Variable Offset Loan then follow this secure link to through to the State Custodians website.
Read the State Custodians Mortgage Company Standard Variable Offset Loan terms and conditions.
| Minimum Loan Amount | $150,000 | |
|---|---|---|
| Maximum Loan Amount | $1,000,000 | |
| Maximum LVR | 95% | |
| Maximum Insured LVR | 95% | |
| Mortgage Offset Account | Yes | |
| Loan Redraw Facility | Yes | |
| Split Loan Facility | Yes | |
| Fixed Interest Option | Yes |
| Interest Rate Type | Variable | |
|---|---|---|
| Interest Rate | 6.02% | |
| Comparison Rate | 6.23% | |
| Repayment Type | Interest Only | |
| Repayment Frequency | Weekly | |
| Extra Repayments | Yes |
| Application Fee | $0 | |
|---|---|---|
| Legal Fee | $224 | |
| Valuation Fee | $275 | |
| Service Fee | $345 | |
| Settlement Fee | $390 | |
| Exit Fee | $0 |
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Loans.com.au - Dream Catcher | A home loan offer with a $0 application fee and one of the lowest available home loan interest rates. | 5.85% | 6.21% | $0 / $375 | 80% | $50,000 / $750,000 |
 
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 Bankwest Online Home Loan | A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online. | 5.97% | 5.97% | $0 / $0 | 80% | $100,000 / $1,000,000 |
|
 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded Mortgage of the Year 2012 – this multi-award winner features 100% offset and a loyalty 0.25% rate drop after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
|
 Illawarra Home Loans Bank Beater Home Loan | A low variable rate, beaten down even further by 0.05% p.a. after 5 years. | 6.07% | 6.35% | $0 / $345 | 90% | $250,000 / $1,000,000 |
|
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