Standard Home Loan

A simple, flexible home loan with no annual fee for owner occupiers or investors. Apply online or contact us to make it yours.

3 Year Fixed, Owner Occupied 5.04 % p.a. Interest rate 7.08 % p.a. Comparison rate

Simplicity and flexibility in a home loan

Looking for a home loan that’s easy to manage and fits your needs? Our Standard Home Loan is designed for borrowers who want a simple, adaptable solution without the extra costs.

Enjoy a competitive interest rate, no annual fee, and useful features like an optional offset account^ and redraw facility. Whether you're buying your first home, upgrading or investing, this loan gives you the flexibility to stay in control.

So, what are the perks?

How to Apply

Getting started is easy – and only takes a few minutes.

  • Apply online

    Start your application from home at your own pace. Save your contact information and we'll reach out if you may need support.

  • We’ll review your application

    Once we've received your application, we'll get in touch to let you know the outcome or to ask for further information if required.

  • Prefer to speak with a person?

    Enquire now for a call back or visit us in branch and our team will guide you through the process.

Calculators

Ready to plan your next step? Our easy-to-use calculators can help you estimate your repayments and understand how much you could borrow, so you can move forward with confidence.

View all our online calculators →

Features, Rates and Further Information

Product Features:

Home Loans
Interest : Calculated daily, charged monthly
Minimum Amount : $20,000
Loan Term : Up to 30 years
Repayments : Weekly, fortnightly or monthly
Additional Repayments : Unlimited on Variable Rate Home Loans with no additional cost. Up to $20,000 permitted during a Fixed Rate term without penalty.
100% Offset Account : Yes, for variable interest rate only.
Principal and Interest Loan : Yes
Interest Only Loan : Yes (investment purposes only)
Variable Interest Rate Option : Yes
Fixed Interest Rate Options : Yes
Redraw Facility : Minimum redraw $1,000 - online or staff assisted
Split Loan : Yes

Owner occupied rates

Product Interest Rate Comparison Rate
Principal & Interest Repayments    
Variable Rate 7.88% p.a. 7.91% p.a.
1 Year Fixed Rate 5.54% p.a. 7.65% p.a.
2 Year Fixed Rate 5.04% p.a. 7.32% p.a.
3 Year Fixed Rate 5.04% p.a. 7.08% p.a.

 

Investment Rates

Product Interest Rate Comparison Rate
Principal & Interest Repayments    
Variable Rate 8.28% p.a. 8.31% p.a.
1 Year Fixed Rate 5.64% p.a. 8.01% p.a.
2 Year Fixed Rate 5.14% p.a. 7.65% p.a.
3 Year Fixed Rate 5.14% p.a. 7.38% p.a.
Interest Only Repayments    
Variable Rate (1 - 5 year terms available) 8.28% p.a. 8.30% p.a.
1 Year Fixed Rate 5.64% p.a. 8.01% p.a.
2 Year Fixed Rate 5.14% p.a. 7.66% p.a.
3 Year Fixed Rate 5.14% p.a. 7.40% p.a.

Fees

Fees Charges
Annual Fee $0
Application Fee $300
Offset Account $7.50 per month

 

Click here for a full list of lending fees and charges.

Document or Information View or Download
Fees, charges and limits Learn more →
Target market determinations Learn more →
Interest rates Learn more →
Home Loan Key Fact Sheets Learn more →
Important documents Learn more →
Compare all home loan accounts Compare now →
 
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The Mutual Bank has been supporting regional communities with trusted banking for over 135 years

We’re proudly customer owned, which means we exist to benefit you. Not external shareholders. Whether you're opening your first account or planning for the future, we’re here with genuine service, great-value products and the kind of care only a mutual can offer.

Looking for something else?

View and compare our Home Loans

Need more support? We're here to help

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    Send us your request or feedback anytime using our secure online forms.

  • Explore FAQs

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  • Secure Message

    Securely message our local Contact Centre Team through the Mutual App or Internet Banking.

  • 1

    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.

  • 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. 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.
  • 3 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.
  • 4

    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.

Maitland Mutual Limited trading as The Mutual Bank ABN 94 087 651 983 acts under its own AFSL and under an agreement with the insurer Insurance Australia Limited ABN 11 000 016 722 trading as CGU Insurance. Any advice is general only and does not take into account your personal circumstances. Consider the Product Disclosure Statement (PDS) and Target Market Determinations (TMDs) available in branch or from the CGU website here to see if the product is right for you.

If you purchase an insurance policy, The Mutual Bank will receive a commission.

^ Variable loans only

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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 licence 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.