Our MyLoan Elect loan is designed to suit your needs, and help you experience those unforgettable moments.
About MyLoan Elect
A MyLoan Elect home loan is your key to moments that matter
MyLoan Elect provides a foundation to assist you to buy your first home, upgrade or invest. Through a range of solutions designed to suit your needs, you can start building the life you’ve dreamed of. MyLoan Elect – your key to moments that matter:
- Choose from a range of straightforward loan options
- Your ‘MyLoan Specialist’ will provide guidance and support you through the process to help find a solution that suits your lifestyle
- Easy to manage with 24/7^ secure online, tablet and mobile access to your accounts
- A competitive rate that will help you save
- Direct debit from your home loan to your everyday bank account
- The option to make extra repayments to your variable rate home loan at no cost
- Access to a dedicated CustomerCare team that makes managing your loan simple
- Funded by Advantedge Residential Loan Program – part of the National Australia Bank Group and the largest wholesale lender in Australia.
MyLoan Elect offers a variety of options with interest rates to suit your needs. To find out more about available rates and how MyLoan Elect can work for you, speak to your ‘MyLoan Specialist’ today.
^Subject to system availability. *Subject to loan terms.
MyLoan Elect Internet Banking Guide – StarNet
Support during COVID-19
At MyLoan Elect, we know this is an extremely difficult time for many of our customers and we want you to know that we’re here to help.
Find out more on how we can support you with your home loan. MyLoan Elect is funded by Advantedge Financial Services.
MyLoan Elect – your key to moments that matter
Purchasing a home or investment is a pivotal life moment that should be a rewarding, stress-free experience. It marks the beginning of an exciting new phase. Your ‘MyLoan Specialist’ will provide a selection of simple fixed or variable interest rate options or a combination of both. They’ll also guide you through the process to securing the key to the investment or home you’ll achieve milestones in.
Variable Rate: With a variable rate loan, you have the flexibility and freedom to manage your loan the way you want. Competitive rates and all the essential home loan features are included. There’s also the option to make extra payments at no cost and to redraw1 the extra payments when needed.
Loan Options
Variable Rate
With a variable rate loan, you have the flexibility and freedom to manage your loan the way you want. Competitive rates and all the essential home loan features are included. There’s also the option to make extra payments at no cost and to redraw1 the extra payments when needed.
AT A GLANCE
Competitive
- Variable interest rate offers you greater flexibility
Flexible
- Principal and Interest or Interest Only repayment options2 to fit your financial plans
- Monthly, fortnightly or weekly repayment frequency options to suit your cash flow3
- Loan terms up to 30 years for a repayment period that’s right for you
- Redraw1 available
- Split your loan up to four times
- Additional repayments electronically at no cost, so you can repay your mortgage sooner
Extras
- Flexible repayment options – weekly, fortnightly or monthly3
- Available to you whether you’re buying land, building or both
Fixed Rate
Fixed rate loans give you certainty in knowing how much your repayments will be during a particular period. You can choose a fixed term – from one to five years – depending on what suits you.
AT A GLANCE
Competitive
- Fixed interest rate offers you greater peace of mind
Flexible
- Certainty of knowing what your repayments are during the fixed rate term
- Choice of 1 to 5 year fixed rate terms to fit your plans
- Principal and Interest or Interest Only repayment options2 to suit your situation
- Lock Rate option for added rate protection prior to settlement
- Flexible repayment options – weekly, fortnightly or monthly3
- Split your loan up to 4 times
Interest Rates
MyLoan Elect offers a variety of options with interest rates that may suit your needs. Interest rates are available to mortgage brokers in their aggregator CRM or from a dedicated MyLoan Specialist.
Broker Partners
Helpful Information
Contact Us
MyLoan Elect – we’re your key to moments that matter For new applicants
To speak to a MyLoan Specialist, please email enquiries@myloan.com.au
For existing applicants and current customers
CustomerCare Need some assistance with your existing MyLoan Elect home loan?
For help and support phone us on 1300 543 558
Monday to Friday
8:00am – 7:00pm AEST
8:00am – 8:00pm AEDT
Or email us at elect@mycustomercare.com.au
Postal Address PO Box 626 Collins Street West Melbourne VIC 8007
Fax CustomerCare: 1300 401 684
Complaints and Financial Hardship: Download our Complaints and Dispute Resolution and Financial Hardship Guide
Compliant Notification Form: Download here
Important Information
Loan options
1. Subject to loan terms. 2. Interest only term up to 10 years where the loan is for investment purposes, and up to 5 years where the loan is for personal use or LVR >85% 3. Weekly or fortnightly repayments are available after you make your first monthly repayment. For interest only loans, only the monthly repayment option is available 4. Subject to system availability.
FAQs
^ Subject to loan terms, you can redraw additional payments on your variable rate loan. Fees apply to manual redraws. Please see the MyLoan Elect fees and charges guide for more details. # Fees and charges (such as variation fees, Government charges, lender’s mortgage insurance), and credit criteria may apply. § Not available on Interest Only loans. *Unlimited additional repayment amounts are available on variable rate loans and up to a maximum of $20,000 per fixed rate term without break costs.
Forms and Downloads
Note: Borrowers wanting to change their nominated bank account details must complete the Direct Debit Request form. This form is available by MyLoan Specialists contacting Advantedge on 1300 543 558 or by borrowers downloading this form when they log into StarNet. © Copyright 2018 Advantedge Financial Services Pty Ltd ABN 36 130 012 930, Australian Credit Licence 391202.
Privacy Policy
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MyLoan Elect products are funded by the Advantedge Residential Loan program. AFSH Nominees Pty Ltd (AFSH) ACN 143 937 437 Australian Credit Licence 391192 is the program lender and Advantedge Financial Services Pty Ltd (Advantedge) ACN 130 012 930 Australian Credit Licence 391202 is the program loan servicer. The program is funded under arrangements with National Australia Bank Limited (NAB). Each of AFSH and Advantedge are members of the NAB Group. NAB does not guarantee the obligations of its subsidiaries. The online services are provided and maintained by Advantedge. While care has been taken in preparing material on this site, Advantedge does not warrant or represent that the information, recommendations, opinions or conclusions contained in it are accurate, reliable, complete or current. This site does not purport to contain all relevant information relating to your loan. Advantedge recommends that you read the terms and conditions that apply to your loan and seek independent advice from appropriate experts before acting on any information in this site. Subject to any terms implied by law and which cannot be excluded, Advantedge accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in any information in this site. Copyright Copyright is owned by Advantedge and its related bodies corporate. All rights reserved. Except as permitted under the Copyright Act 1968 (Cth) or other applicable laws, no part of this site may be reproduced, adapted, performed in public or transmitted in any form by any process (graphic, electronic or mechanical, including photocopying, recording, taping or by storage in an information retrieval system) without the express written consent of Advantedge. Trademarks Trademarks used on the MyLoan website (www.myloan.com.au) are licensed to Advantedge by MyLoan. You must not use a trademark used on this website without the prior written consent of the owner of that trade mark.
Complaints, Dispute Resolution and Financial Hardship Guide
Click here to download our guide.
