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Latest News
COVID-19 and Keeping You Safe
As the Greater Sydney outbreak continues, in our neighbouring metropolitan city, we take this opportunity to remind you of the measures we have in place to keep our members, team, and community safe.
Beware of Ransomware
Australian businesses and individuals continue to be the target of cybercriminals using ransomware to take computers and data hostage. Ransomware is a type of malware that prevents a user from accessing their files and in some cases, it can lock a computer entirely.
Talk to us today about FHLDS and Family Home Guarantee
On 1 July 2021 new places in the Federal Government’s First Home Loan Deposit Scheme (FHLDS) and new Family Home Guarantee were released. FHLDS is an Australian Government initiative to support eligible first home buyers to purchase their first home sooner. 10,000 FHLDS places are now available to eligible first home buyers until 30 June 2022.
Important Information
Footnotes:
- 1 The Discounted Variable Rate Home Loan interest rate on the Owner Occupied - Package Home Loan Variable Rate Home Loan is available for new borrowers applying for Owner Occupied - Package Home Loan Variable Rate Home Loan with principal and interest repayments, a minimum balance of $150,000 and the loan security Loan to Value Ratio (LVR) of less than 90% as approved by The Mutual Bank. The Discounted Variable Rate Home Loan interest rate reverts to the Owner Occupied- Package Home Loan Variable Rate Home Loan interest rate at the end of the 12 month discount period.
- 2 Each of the above comparison rates is calculated on the basis that the loan is secured with repayments made at monthly intervals. Comparison rate calculated on the loan amount of $150,000 for a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. NOTE: All loans are subject to The Mutual Bank's lending guidelines. Full details of Terms and Conditions are available on application. Eligibility criteria, conditions, fees and charges apply to all loans.
- 3 Interest is calculated by applying the daily percentage rate applicable to the daily balance to the entire balance and paid on the last day of every month. Interest will be calculated and paid if there has been at least $1.00 deposited and no withdrawals on the account during the calendar month. Interest credits from this account do not constitute a deposit. If this condition is not met, no interest will be paid for that month. The daily percentage rate is the applicable annual percentage rate divided by 365.
