Owner Occupied Home Loans

Footnotes:

• ¹ Rate includes a discount margin off the Owner-Occupied Budget Home Loan Variable Rate. Margin subject to change until loan contract is issued. Lending criteria, T&Cs, fees and charges apply. Rate only available for new owner-occupied loans to The Mutual Bank with minimum new loan amount of $100,000.
• ² Comparison rate is based on a loan of $150,000 over 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 The interest rate on the First Home Buyer Package Home Loan is available for eligible first home buyers only. Applying for an First Home Buyer Package Home Loan with principal and interest repayments, a minimum balance of $150,000.00 and the loan security Loan to Value Ratio (LVR) of less than 100% as approved by The Mutual Bank.
• ⁴ Rate available for new owner-occupied loans to the Mutual Bank with minimum new loan amount of $150,000. Annual Package fee of $395 payable. On expiry of the Package Home Loan Fixed rate period the rate will revert to the Owner Occupied Package Home Loan Variable Rate.
• ⁵ 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.
• ⁶ On expiry of the Fixed Rate period the rate will revert to the prevailing Variable Rate for Owner Occupied Premium Home Loans.
• ⁷ No minimum repayments are required providing debt remains within approved limit.
• ⁸ 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 one deposit 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.
• ⁹ Interest on Term Deposits is calculated by applying the daily percentage rate to the account balance and paid at intervals as specified in the tables above. A reduced interest rate applies if term deposits are redeemed before Maturity Date. The reduced interest rate is 0.10% per annum calculated from the date the account was opened to the date of early redemption. The daily percentage rate is the applicable annual percentage rate divided by 365.
• ¹⁰ The interest rate offered to you will be personalised depending on our credit assessment of your financial situation. The interest rate shown is the minimum interest rate that may be applicable.
• ¹¹ Comparison rate is based on a secured loan of $30,000 over 5 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.