Skip to main content

Product Information

Product Summary Style

Mutual Home Loan

Looking for a best value home loan to get into the property market? Our Owner Occupied Mutual Home Loan offers a low ongoing variable interest rate with features you’re looking for including a Loan Saver Account.

  • 7.78 % p.a.
    Interest rate
  • 0.00 % p.a.
    Comparison rate
Features

Product Summary Style Excluding Rates

Mutual Home Loan

Looking for a best value home loan to get into the property market? Our Owner Occupied Mutual Home Loan offers a low ongoing variable interest rate with features you’re looking for including a Loan Saver Account.

  • 7.78 % p.a.
    Interest rate
  • 0.00 % p.a.
    Comparison rate
Features

Featured Product Summary Box

Mutual Home Loan

Looking for a best value home loan to get into the property market? Our Owner Occupied Mutual Home Loan offers a low ongoing variable interest rate with features you’re looking for including a Loan Saver Account.

  • Loan Saver Account
  • Split Loan available
  • Mutual Visa Credit Card no annual fee
  • 7.78 % p.a.
    Interest rate
  • 0.00 % p.a.
    Comparison rate

Featured Product Summary Box excluding rates

(Optional App style)

Mutual Home Loan

Looking for a best value home loan to get into the property market? Our Owner Occupied Mutual Home Loan offers a low ongoing variable interest rate with features you’re looking for including a Loan Saver Account.

  • Loan Saver Account
  • Split Loan available
  • Mutual Visa Credit Card no annual fee
  • 7.78 % p.a.
    Interest rate
  • 0.00 % p.a.
    Comparison rate

 

  Interest rate (number only) Comparison Rate (number only)
The Mutual Home Loan 7.78% p.a. 0.00% p.a.

 

Interest Rate (number only styled)

7.78 % p.a.

Comparison Rate (number only styled)

0.00 % p.a.

 

Interest & Comparison Rate with descriptive text

7.78 % p.a. Interest rate 0.00 % p.a. Comparison rate

 

Interest & Comparison Rate with descriptive text - variant 

5.64 % p.a. Interest rate 8.23 % p.a. Comparison rate

Rate variant dropdown


 

Product Features

Product Features:

Personal Loans
Minimum amount : $5,000
Maximum amount : $100,000
Loan period : Up to 7 years
Repayments : Weekly, fortnightly or monthly fixed repayments
Interest charges : Calculated daily, charged monthly
Redraw : Minimum redraw $1,000 - online or staff assisted
Security : Loan secured by residential property, a Term Deposit with The Mutual Bank or other acceptable security.
  • 1

    Comparison rate calculated on a loan amount of $150,000 over 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. 

  • 2

    Rates only available for relevant product purpose, fixed rate period and minimum loan amount of $20,000. On expiry of the fixed rate period the rate will revert to the variable rate for the applicable home loan.

  • 3

    Comparison rate calculated on a loan amount of $150,000 over 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. For variable rate interest-only loans, the comparison rate calculation is based on an initial 5-year interest-only term. For fixed rate interest-only loans, the comparison rate calculations are based on an initial interest-only term equal to the fixed rate term.

  • 4

    Rates only available for relevant product purposes and minimum loan amount of $150,000. Annual Package fee of $395 payable. Offer can be withdrawn at any time.

  • 5

    On expiry of the fixed rate period the rate will revert to the variable rate for the applicable home loan. Rate only available for Owner Occupied loans and minimum loan amount of $150,000. Annual Package fee of $395 payable. Offer can be withdrawn at any time.

  • 6

    Access to redraw funds is subject to The Mutual Bank’s discretion and the terms of your loan agreement. If approved, any repayments made in excess of the minimum monthly required amount may be available for redraw via electronic banking or with assistance from bank staff. The minimum amount that can be redrawn is $1,000.