Home Loan Interest Rates

Budget Home Loan

Effective Date: 16 January 2026

Product Interest Rate Comparison Rate
Special Variable Rate LVR ≤80% 5.19% p.a. 5.19% p.a.
Variable Rate 6.33% p.a. 6.33% p.a.

 

Product Interest Rate Comparison Rate
Special Variable Rate LVR ≤80% 5.69% p.a. 5.69% p.a.
Variable Rate 6.73% p.a. 6.73% p.a.

Package Home Loan

Effective Date: 16 January 2026

Product Interest Rate Comparison Rate
Principal & Interest Repayments
Variable Rate 6.98% p.a. 7.34% p.a.
1 Year Fixed Rate   5.19% p.a.   7.15% p.a.
2 Year Fixed Rate   4.99% p.a.   6.94% p.a.
3 Year Fixed Rate 5.09% p.a.     6.79% p.a.

 

Product Interest Rate Comparison Rate
Principal & Interest Repayments
Variable Rate   7.38% p.a.     7.73% p.a.
1 Year Fixed Rate   5.29% p.a.   7.51% p.a.
2 Year Fixed Rate   5.09% p.a.   7.27% p.a.
3 Year Fixed Rate   5.19% p.a.   7.10% p.a.
Interest Only Repayments
Variable (1-5 year terms available) 7.38% p.a.   7.71% p.a.
1 Year Fixed Rate 5.29% p.a. 7.50% p.a.
2 Year Fixed Rate 5.09% p.a. 7.26% p.a.
3 Year Fixed Rate 5.19% p.a. 7.09% p.a.

First home buyer rates

Product Interest Rate Comparison Rate
Owner Occupied, Principal & Interest Repayments
Variable Rate 6.23% p.a. 6.60% p.a.
1 Year Fixed Rate 5.19% p.a. 6.49% p.a.
2 Year Fixed Rate 4.99% p.a. 6.35% p.a.
3 Year Fixed Rate 5.09% p.a. 6.28% p.a.
Investment, Principal & Interest Repayments    
Variable Rate 7.38% p.a. 7.73% p.a.
1 Year Fixed Rate 5.29% p.a. 7.51% p.a.
2 Year Fixed Rate 5.09% p.a. 7.27% p.a.
3 Year Fixed Rate 5.19% p.a. 7.10% p.a.
Investment, Interest Only Repayments    
Variable Rate 7.38% p.a. 7.71% p.a.
1 Year Fixed Rate 5.29% p.a. 7.50% p.a.
2 Year Fixed Rate 5.09% p.a. 7.26% p.a.
3 Year Fixed Rate 5.19% p.a. 7.09% p.a.

 

Standard Home Loan

Effective Date: 16 January 2026

Product Interest Rate Comparison Rate
Principal & Interest Repayments
Variable Rate 7.88% p.a.   7.91% p.a.  
1 Year Fixed Rate 5.29% p.a.   7.62% p.a.  
2 Year Fixed Rate 5.09% p.a.   7.33% p.a.  
3 Year Fixed Rate 5.19% p.a.   7.12% p.a.  

 

Product Interest Rate Comparison Rate
Principal & Interest Repayments
Variable Rate 8.28% p.a.   8.31% p.a.  
1 Year Fixed Rate 5.39% p.a.   7.99% p.a.  
2 Year Fixed Rate 5.19% p.a.   7.66% p.a.  
3 Year Fixed Rate 5.29% p.a.   7.42% p.a.  
Interest Only Repayments
Variable (1-5 year terms available) 8.28% p.a. 8.30% p.a.  
1 Year Fixed Rate 5.39% p.a. 7.99% p.a.
2 Year Fixed Rate 5.19% p.a. 7.67% p.a.
3 Year Fixed Rate 5.29% p.a. 7.44% p.a.

Express Credit Facility

Effective Date: 16 January 2026

Product Interest Rate
Owner Occupied Rate 7.89% p.a.
Investment Rate 7.89% p.a.
  • 1

    Rate includes a discount margin off Reference Rate Owner Occupied Budget Home Loan Variable Rate. Margin and rate subject to change. Rate only available for new loans to The Mutual Bank with minimum new loan amount of $100,000 and maximum LVR of 80%. Offer may be withdrawn at any time.

  • 2

    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.

  • 3 Rate only available for new owner-occupied loans to The Mutual Bank with minimum new loan amount of $100,000.
  • 4

    Rate includes a discount margin off Reference Rate Investment Budget Home Loan Variable Rate. Margin and rate subject to change. Rate only available for new loans to The Mutual Bank with minimum new loan amount of $100,000 and maximum LVR of 80%. Offer may be withdrawn at any time.

  • 5 Rate only available for new investment loans to The Mutual Bank with minimum new loan amount of $100,000.
  • 6

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

  • 7 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.
  • 8

    Rate only available for new loans with a minimum loan amount of $150,000, for the relevant fixed period and product purpose. Annual Package fee of $395 payable. Offer can be withdrawn at any time. On expiry of the fixed rate period the rate will revert to the relevant Standard Home Loan Variable Rate minus the contracted margin.

  • 9

    Rates only available for new loans with a minimum loan amount of $20,000 and for the relevant product purpose. Offer can be withdrawn at any time.

  • 10

    Rate only available for new loans with a minimum loan amount of $20,000, for the relevant fixed rate period and product purpose. On expiry of the fixed rate period the rate will revert to the relevant Standard Home Loan Variable Rate minus the contracted margin if applicable.

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Any advice or information on this site does not take into account your personal objectives, financial situation, or needs and you should consider whether it is appropriate for you. Please review our Product Disclosure Statement, Target Market Determinations, Terms and Conditions, Financial Services Guide, and Credit Guide before deciding to acquire a product.

Eligibility and lending criteria, conditions, fees, and charges apply to all loans. Interest rates, fees, and charges may change without notice. Information is current as at date of appearance and is subject to change. We use reasonable efforts to provide accurate and up to date information. However, mistakes may still occur from time to time, and we cannot guarantee that this website is free from any errors, inaccuracies or omissions. Maitland Mutual Limited trading as The Mutual Bank ABN 94 087 651 983 AFSL/Australian credit license 238139.

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We acknowledge the Traditional Owners of the lands on which we operate and pay our respects to Elders past and present, and to emerging community leaders. We also acknowledge the important role Aboriginal and Torres Strait Islander peoples continue to play within the communities in which The Mutual Bank operates and where our team members reside.