State Custodians home loan repayment calculator

Thinking about taking out a home loan with State Custodians? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how State Custodians home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated repayments

at interest rate 3.15 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • State Custodians offer a variety of home loan products.
  • Flexible loan options.
  • Award winning loan products.
  • No branch network.
  • Some products include fees.

State Custodians home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

3.15%

Variable

$0

3.17%

$0
State Custodians
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3.40%

Variable

$0

3.42%

$0 annually
State Custodians
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3.40%

Variable

$0

3.42%

$0
State Custodians
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3.40%

Variable

$0

3.42%

$0
State Custodians
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3.45%

Variable

$0

3.47%

$0
State Custodians
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3.65%

Variable

$0

3.67%

$0 annually
State Custodians
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3.65%

Variable

$0

3.67%

$0
State Custodians
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3.65%

Variable

$0

3.67%

$0
State Custodians
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3.70%

Variable

$0

3.72%

$0
State Custodians
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3.94%

Fixed - 1 year

$0

3.72%

$0
State Custodians
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4.09%

Fixed - 2 years

$0

3.77%

$0
State Custodians
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4.04%

Fixed - 1 year

$0

3.79%

$0
State Custodians
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4.19%

Fixed - 2 years

$0

3.85%

$0
State Custodians
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4.29%

Fixed - 3 years

$0

3.85%

$0
State Custodians
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3.90%

Variable

$0

3.91%

$0
State Custodians
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4.39%

Fixed - 3 years

$0

3.94%

$0
State Custodians
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4.44%

Fixed - 4 years

$0

3.95%

$0
State Custodians
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3.95%

Variable

$0

3.96%

$0 annually
State Custodians
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3.95%

Variable

$0

3.96%

$0
State Custodians
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4.19%

Fixed - 1 year

$0

3.97%

$0
State Custodians
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4.24%

Fixed - 1 year

$0

4.00%

$0
State Custodians
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4.34%

Fixed - 2 years

$0

4.02%

$0
State Custodians
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4.54%

Fixed - 4 years

$0

4.04%

$0
State Custodians
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4.29%

Fixed - 1 year

$0

4.05%

$0
State Custodians
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4.39%

Fixed - 2 years

$0

4.05%

$0
State Custodians
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4.54%

Fixed - 5 years

$0

4.05%

$0
State Custodians
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4.34%

Fixed - 1 year

$0

4.10%

$0
State Custodians
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4.44%

Fixed - 2 years

$0

4.10%

$0
State Custodians
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4.54%

Fixed - 3 years

$0

4.10%

$0
State Custodians
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4.59%

Fixed - 3 years

$0

4.14%

$0
State Custodians
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4.64%

Fixed - 5 years

$0

4.14%

$0
State Custodians
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4.49%

Fixed - 2 years

$0

4.15%

$0
State Custodians
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4.64%

Fixed - 3 years

$0

4.19%

$0
State Custodians
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4.69%

Fixed - 4 years

$0

4.20%

$0
State Custodians
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4.69%

Fixed - 3 years

$0

4.24%

$0
State Custodians
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4.74%

Fixed - 4 years

$0

4.24%

$0
State Custodians
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4.79%

Fixed - 4 years

$0

4.29%

$0
State Custodians
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4.79%

Fixed - 5 years

$0

4.30%

$0
State Custodians
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4.59%

Fixed - 1 year

$0

4.33%

$0
State Custodians
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4.84%

Fixed - 5 years

$0

4.34%

$0
State Custodians
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4.84%

Fixed - 4 years

$0

4.34%

$0
State Custodians
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4.74%

Fixed - 2 years

$0

4.38%

$0
State Custodians
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4.89%

Fixed - 5 years

$0

4.39%

$0
State Custodians
More details

4.94%

Fixed - 5 years

$0

4.44%

$0
State Custodians
More details

4.69%

Fixed - 1 year

$0

4.45%

$0
State Custodians
More details

4.94%

Fixed - 3 years

$0

4.46%

$0
State Custodians
More details

4.84%

Fixed - 2 years

$0

4.50%

$0
State Custodians
More details

5.09%

Fixed - 4 years

$0

4.55%

$0
State Custodians
More details

5.04%

Fixed - 3 years

$0

4.59%

$0
State Custodians
More details

5.19%

Fixed - 5 years

$0

4.64%

$0
State Custodians
More details

5.19%

Fixed - 4 years

$0

4.70%

$0
State Custodians
More details

5.29%

Fixed - 5 years

$0

4.80%

$0
State Custodians
More details

State Custodians customer service

Home loan customers can contact State Custodians calling the customer support line, emailing customer support directly or via the online chat function. As State Custodians is an online only lender there is no branch network.

How to Apply

Customers wanting to apply for a State Custodians loan can apply by filling out a pre-qualification application online or by calling the bank. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income.

You will also need to provide documentation when applying for a home loan. This will include:

  • Name and contact details of each borrower.
  • Income & expenses.
  • Existing property details and liabilities.
  • If you’re self-employed you will need to include the last two Business Activity Statements (BAS), three months of business bank statements and a letter of verification from an accountant.

About State Custodians home loans

State Custodians has as a reputation for offering simple home loan products that suit the following customers:

  • First home buyers
  • Owner-occupiers
  • Investors
  • Refinancers
  • Self-employed (low-doc)
  • Line of credit

State Custodians home loans come with a range of interest rate options:

  • Principal and interest
  • Interest-only
  • Fixed rate
  • Variable rate
  • Split loans

State Custodians allows its customers to borrow up to 95 per cent of the home’s value, as long as conditions are met.

The online lender has a minimum loan amount of $100,000 and a maximum of $2,000,000.

Customers of State Custodians can make unlimited extra repayments, and free online redraw facilities are available on their home loans. All its mortgages also come with a free 100 per cent offset account.

State Custodians home loan terms range from 1-30 years and repayments can be made weekly, fortnightly or monthly.

State Custodians home loan rates

State Custodians interest rates differ depending on the product, and range from very low to moderate.

Customers of State Custodians paying principal and interest get lower interest rates than those paying interest-only, and those with lower LVRs get lower interest rates than those with higher LVRs.

However, unlike most of its competitors, who increase interest rates on their line of credit mortgages, State Custodians tends to charge similar rates to its other products.

For owner-occupiers there are products that have very low rates, however generally their rates are moderately low to moderate.

The current home loan interest rates for investors paying principal and interest range from very low to moderately low. The interest-only investor mortgage rates are moderately low.

Although the upfront fees tend to be moderately high, State Custodians’ ongoing home loans fees are generally very low, but there are some products that also have high annual fees.

State Custodians home loan review

As a challenger lender, State Custodians has a point of difference from the big banks that offer face-to-face customer service, as well as a host of other financial services - it attracts customers by offering lower than market interest rates.

As an online lender, most of its customer service is done online, but customers can also call for assistance 9am-6pm Monday to Friday.

Although State Custodians offers a wide variety of home loans, the lender doesn’t offer reverse mortgages, SMSF home loans or land and construction loans. However, unlike many lenders who turn down customers with bad credit, State Custodians offers specific mortgage products to suit these clients.

Since it began trading, State Custodians has consistently offered competitive home loan rates; in fact it has won several independent awards, including Money Magazine’s Non-Bank Lender of the Year award for 5 years in a row.

How do you determine which home loan rates/products I’m shown?

When you check your home loan rate, you’ll supply some basic information about your current loan, including:

  • the amount owing on your mortgage
  • the value of your property
  • your current interest rate
  • name of existing lender
  • property address

We’ll compare this information to the home loan options in the RateCity database, and show you which home loan products you may be eligible to apply for.

What is principal and interest'?

‘Principal and interest’ loans are the most common type of home loans on the market. The principal part of the loan is the initial sum lent to the customer and the interest is the money paid on top of this, at the agreed interest rate, until the end of the loan.

By reducing the principal amount, the total of interest charged will also become smaller until eventually the debt is paid off in full.

Does the Rate Guarantee apply to discounted interest rate offers, such as honeymoon rates?

No. Temporary discounts to home loan interest rates will expire after a limited time, so they aren’t valid for comparing home loans as part of the Rate Guarantee.

However, if your home loan has been discounted from the lender’s standard rate on a permanent basis, you can check if we can find an even lower rate that could apply to you.

Who has the best home loan?

Determining who has the ‘best’ home loan really does depend on your own personal circumstances and requirements. It may be tempting to judge a loan merely on the interest rate but there can be added value in the extras on offer, such as offset and redraw facilities, that aren’t available with all low rate loans.

To determine which loan is the best for you, think about whether you would prefer the consistency of a fixed loan or the flexibility and potential benefits of a variable loan. Then determine which features will be necessary throughout the life of your loan. Thirdly, consider how much you are willing to pay in fees for the loan you want. Once you find the perfect combination of these three elements you are on your way to determining the best loan for you. 

What is an interest-only loan? (include how do I work out interest-only loan repayments)

An ‘interest-only’ loan is a loan where the borrower is only required to pay back the interest on the loan. Typically, banks will only let lenders do this for a fixed period of time – often five years – however some lenders will be happy to extend this.

Interest-only loans are popular with investors who aren’t keen on putting a lot of capital into their investment property. It is also a handy feature for people who need to reduce their mortgage repayments for a short period of time while they are travelling overseas, or taking time off to look after a new family member, for example.

While moving on to interest-only will make your monthly repayments cheaper, ultimately, you will end up paying your bank thousands of dollars extra in interest to make up for the time where you weren’t paying off the principal.

The fine print – what are the eligibility criteria?

This competition is only available to Australian residents who are over 18 and check their home loan interest rate at RateCity. However, you are not required to refinance your home loan or apply for any financial products.

You can still enter if you don’t have a home loan yet – enter how much you plan to borrow and the details of the property you’re considering, and we’ll compare mortgage offers that may suit your needs and estimate how much you could save compared to a loan with an average interest rate. 

Interest Rate

Your current home loan interest rate. To accurately calculate how much you could save, an accurate interest figure is required. If you are not certain, check your bank statement or log into your mortgage account.

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How long should I have my mortgage for?

The standard length of a mortgage is between 25-30 years however they can be as long as 40 years and as few as one. There is a benefit to having a shorter mortgage as the faster you pay off the amount you owe, the less you’ll pay your bank in interest.

Of course, shorter mortgages will require higher monthly payments so plug the numbers into a mortgage calculator to find out how many years you can potentially shave off your budget.

For example monthly repayments on a $500,000 over 25 years with an interest rate of 5% are $2923. On the same loan with the same interest rate over 30 years repayments would be $2684 a month. At first blush, the 30 year mortgage sounds great with significantly lower monthly repayments but remember, stretching your loan out by an extra five years will see you hand over $89,396 in interest repayments to your bank.

What happens if I don’t know my monthly repayments?

Your repayments should appear on your bank statements or your internet banking. If you make weekly or fortnightly repayments, make sure you convert them to monthly calculations.

How much is the first home buyer's grant?

The first home buyer grant amount will vary depending on what state you’re in and the value of the property that you are purchasing. In general, they start around $10,000 but it is advisable to check your eligibility for the grant as well as how much you are entitled to with your state or territory’s revenue office.

How do I find out my current interest rate and how much is owing on my loan?

Your bank statements and/or your internet banking should show these details. If you are not sure, call your bank or estimate.

What is the flexibility score?

Today’s home loans often try to lure borrowers with a range of flexible features, including offset accounts, redraw facilities, repayment frequency options, repayment holidays, split loan options and portability. Real Time Ratings™ weights each of these features based on popularity and gives loans a ‘flexibility score’ based on how much they cater to borrowers’ needs over time. The aim is to give a higher score to loans which give borrowers more features and options.

Mortgage Calculator, Deposit

The proportion you have already saved to go towards your home.