The Mutual Bank’s Budget Home Loan has been named one of the best refinance home loans in the market.

Our Budget Home Loan has been recognised in the 2024 RateCity Gold Awards which celebrate the most competitive financial products in Australia that deliver the best value for customers.

The awards are based on RateCity’s market-leading Real Time Ratings™ system which gives every home loan in their database a score out of five, based on cost and flexibility.

For the 2024 home loan awards, RateCity rated more than 110 lenders and more than 6700 loan variations. The Mutual Bank’s Budget Home Loan received a rating of 4.38 out of 5, based on factors such as rate, fees, features, and flexibility.

The Mutual Bank’s CEO, Mark Williams, said winning a Gold Award for Best Refinance Home Loan in the 2024 RateCity Gold Awards was recognition of the member-owned bank’s commitment to offer competitive products.

“Our Budget Home Loan has been consistently popular with home buyers looking for a no-frills home loan with a low, variable interest rate,” he said.

“We are thrilled the award has put the spotlight on our commitment to helping people thrive by providing the best value products we can for our Members.”

RateCity CEO, Paul Marshall, said that with competition for customers getting tighter, there’s never been a more important time for Australian consumers to have the right tools to make the right financial decision for their circumstances.

“Creating a clear and easy way to distinguish between products and the value they offer is vital, especially when someone is making a big decision like choosing a home loan,” Mr Marshall said.

“There is no doubt the winners of the RateCity Gold Awards for 2024 offer great products, but with the Real Time Ratings™ system we can know they have demonstrated the best value over time - which means customers can see the Award badge and feel confident they’re getting a good deal.”

You can learn more about the RateCity Gold Awards here:

Eligibility and lending criteria, terms, conditions, fees and charges apply to all loans and are available on application.