Home Loan Interest Rates

Budget Home Loan

Effective Date: 14 October 2026

Product Interest Rate Comparison Rate
Variable Rate LVR <60% 6.04% p.a.   6.04% p.a.
Variable Rate LVR 60% to <80% 6.04% p.a.   6.04% p.a.  
Variable Rate LVR 80% to ≤95%​ 7.33% p.a.   7.33% p.a.


For our Reference Rates applicable to your loan, please see our Home Loan Interest Rates schedule.

Product Interest Rate Comparison Rate
Variable Rate LVR <60% 6.94% p.a.   6.94% p.a.  
Variable Rate LVR 60% to <80% 6.94% p.a.   6.94% p.a.  
Variable Rate LVR 80% to ≤90%​ 7.73% p.a. 7.73% p.a.


For our Reference Rates applicable to your loan, please see our Home Loan Interest Rates schedule.

Package Home Loan

Effective Date: 14 October 2026

Product Interest Rate Comparison Rate
Principal & Interest Repayments
Package Variable Rate <60% 6.44% p.a.   6.80% p.a.
Package Variable Rate 60% to <80% 6.44% p.a. 6.80% p.a.
Package Variable Rate 80% to ≤95%  6.44% p.a. 6.80% p.a.
1 Year Fixed Rate   6.34% p.a.   6.88% p.a.
2 Year Fixed Rate   6.34% p.a.   6.86% p.a.
3 Year Fixed Rate 6.44% p.a.     6.87% p.a.


For our Reference Rates and Fixed Revert Rates applicable to your loan, please see our Home Loan Interest Rates schedule. 

 

Product Interest Rate Comparison Rate
Principal & Interest Repayments
Package Variable Rate <60%   7.09% p.a.     7.44% p.a.  
Package Variable Rate 60% to <80% 7.09% p.a.   7.44% p.a.  
Package Variable Rate 80% to ≤90% 7.09% p.a.   7.44% p.a.  
1 Year Fixed Rate   6.54% p.a.   7.47% p.a.
2 Year Fixed Rate   6.54% p.a.   7.41% p.a.
3 Year Fixed Rate   6.64% p.a.   7.38% p.a.
Interest Only Repayments
Variable Rate <60% (1-5 year terms available) 7.09% p.a.   7.42% p.a.
Variable Rate 60% to <80% (1-5 year terms available) 7.09% p.a. 7.42% p.a.
Variable Rate 80% to ≤90% (1-5 year terms available) 7.09% p.a. 7.42% p.a.
1 Year Fixed Rate 6.54% p.a. 7.47% p.a.
2 Year Fixed Rate 6.54% p.a. 7.40% p.a.
3 Year Fixed Rate 6.64% p.a. 7.37% p.a.


For our Reference Rates and Fixed Revert Rates applicable to your loan, please see our Home Loan Interest Rates schedule. 

Standard Home Loan

Effective Date: 14 October 2026

Product Interest Rate Comparison Rate
Principal & Interest Repayments
Variable Rate 8.88% p.a.   8.91% p.a.  
1 Year Fixed Rate 6.44% p.a.   8.63% p.a.  
2 Year Fixed Rate 6.44% p.a.   8.38% p.a.  
3 Year Fixed Rate 6.54% p.a.   8.19% p.a.  


For our Reference Rates and Fixed Revert Rates applicable to your loan, please see our Home Loan Interest Rates schedule. 

Product Interest Rate Comparison Rate
Principal & Interest Repayments
Variable Rate 9.28% p.a.   9.31% p.a.  
1 Year Fixed Rate 6.64% p.a.   9.00% p.a.  
2 Year Fixed Rate 6.64% p.a.   8.73% p.a.  
3 Year Fixed Rate 6.74% p.a.   8.52% p.a.  
Interest Only Repayments
Variable (1-5 year terms available) 9.28% p.a. 9.31% p.a.  
1 Year Fixed Rate 6.64% p.a. 9.00% p.a.
2 Year Fixed Rate 6.64% p.a. 8.74% p.a.
3 Year Fixed Rate 6.74% p.a. 8.54% p.a.


For our Reference Rates and Fixed Revert Rates applicable to your loan, please see our Home Loan Interest Rates schedule. 

Express Credit Facility

Effective Date: 14 October 2026

Product Interest Rate
Owner Occupied, Variable Rate 8.89% p.a.
Investment, Variable Rate 8.89% p.a.


For our Reference Rates applicable to your loan, please see our Home Loan Interest Rates schedule.

  • 1

    Rate includes a discount margin off the applicable Reference Rate. This rate is available for new loans and loan increases where the applicable product minimum loan amount is met, and is subject to the relevant product, purpose and LVR. Offers 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 includes a discount margin off the applicable Reference Rate. This rate is available for new loans only and is only available on the relevant product, minimum loan amount, purpose and LVR. Offers may be withdrawn at any time.

  • 4 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.
  • 5

    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.

  • 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

    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.

  • 8

    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.

The Mutual Bank

Personal

Transaction accounts
Savings accounts
Home loans
Personal loans
Credit card
Insurance

Business

Business accounts
Business savings
Business loans

Help

Contact us
Lost or stolen cards
Scams and fraud
Financial hardship
Compliments and complaints
Accessibility

About

Our values
Latest news
Community
Sponsorship
Careers

Follow us

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 licence 238139.

Download our app

Apple app store Google play store

Aboriginal flag Torres straight island flag
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.