About State Custodians
Leading online lender
We are a highly awarded online lender, focused on helping Australians get a better deal on their home loans. We offer competitive interest rates and flexible home loan options with great features including offset accounts and the ability to make extra payments.
State Custodians is the trading name of Homeloans Pty Ltd, which is a wholly owned subsidiary of Resimac Group Ltd (‘Resimac’). Established in 1985, Resimac is listed on the Australian Securities Exchange (ASX) with headquarters in the Sydney CBD.
Why choose State Custodians?
We offer a broad range of home loans to suit a variety of borrowers with some of the most competitive pricing on the market. Our friendly and knowledgeable Lending Specialists will be able to answer any questions that you may have about any aspect of the application process.
We strive to provide the highest levels of service for all of our existing customers and aim to deliver the best experience possible for new loan applications. Our customers use words like ‘smooth’, ‘fast’ and ‘professional’ when asked about their experience.
All State Custodians customer are entitled to an exclusive customer benefits program offering discounts on a vast array of products and services in Australia and New Zealand.
Where we get our funding
State Custodians loans are fully funded by its parent company, Resimac. Resimac was a pioneer of Australian Residential Mortgage Backed Securities (RMBS), being the first issuer in 1988. Since then it has issued more than A$30bn through 51 domestic and international RMBS issues.
State Custodians and Resimac promote transparent processes and a commitment to responsible lending, in compliance with the relevant Australian laws and auditing requirements. Both organisations hold an Australian Credit Licence: Resimac 247283 and State Custodians 390850.
Federal Government Deposit Guarantee
We’re often asked if the balance of an offset account is covered by the federal government's Financial Claims Scheme, which is designed to protect deposit accounts. The offset portion of a State Custodians loan is not a separate deposit account but an advanced payment, or ‘credit portion’ on the loan, reducing the outstanding loan balance.
Our parent company, Resimac Group Ltd, has been successfully trading since 1985 and is listed on the Australian Securities Exchange. Resimac funds and manages all loans and offset portions through bankruptcy-remote trusts with an independent trustee. In the unlikely event of insolvency, the trustee would assume management of Resimac’s loan portfolio with no risk of offset balances being forfeited.