Tasmanian-based lender MyState Bank and Queensland-headquartered Auswide Bank recently announced a merger, which came into effect from 19 February. The merged entity offer the great niches both lenders had become well regarded for including - Construction for owner occupied housing 95% LVR, fixed rate on Construction, Servicing based on fixed rate when taken, Multiple Offsets (10), 4 Units on 1 Title, Self employed-One year financials + 2 BAS. Under the old My State brand but still available are - 100% LVR option for owner occupied housing, 95% LVR INV Inclusive of LMI, No probation, minimum 3 months employment, Common Debt Reducer Available, Genuine Savings Policy (Rental Ledger), Acceptable up to 40ha security land size, Fully assessed Pre-Approvals.

With their 4 standout features on fixed rates, now could be the time to consider their fixed rate flexibility. Multiple offset accounts (up to 10) with 100% offset on fixed rates, Redraw available on fixed rates, Additional repayments with no cap ( unless the loan is repaid in full then a break cost may apply) on fixed rates), Construction on fixed rates.

Basic Variable Rate loans with big difference features: Available for Owner Occupied and Investment lending 'No frills' home loan with a competitive variable interest rate

No monthly or ongoing fees Redraw Facility, Borrow up to 90% LVR (different rates apply).

Owner Occupied Packaged Loan Offer with great features: Multiple linked offset accounts, Redraw Facility, Additional repayments, Borrow up to 95% LVR (different rates apply)

Available for Home Guarantee Scheme loans.