Rates and fees verified as correct at 21 April, 2021. Other information correct at the time of writing. Advertiser disclosure.
Endeavour Mutual Bank has a number of fixed rate home loans for different types of customers - owner occupiers, investors as well as first home buyers - but regardless of which loan you pick, you’ll be able to borrow up to 95% of the property value. Borrowers can enjoy flexible features including the ability to make free extra repayments and access a fee-free redraw facility. And if you opt for the standard fixed rate loan, you’ll also have an offset account and a split loan option at your disposal, but in exchange, you’ll need to pay an application fee.
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
| p.a. | n/a | $0.00 | $0 | ||
| 2.04% p.a. | 2.76% p.a. | $0.00 | $250 | ||
| 1.98% p.a. | 2.74% p.a. | $0.00 | $250 | ||
| 2.49% p.a. | 3.32% p.a. | $0.00 | $250 | ||
| 2.29% p.a. | 3.19% p.a. | $0.00 | $250 | ||
| 2.43% p.a. | 3.30% p.a. | $0.00 | $250 | ||
| 2.23% p.a. | 3.18% p.a. | $0.00 | $250 |
If you’re after a little more flexibility, Endeavour Mutual Bank’s variable rate home loans may be worth a look. Once again, you can borrow up to 95% of the property value and also make an unlimited number of free extra repayments and redraws. Plus you’ll have the ability to split your loan into fixed and variable rates. And if you go with the standard variable rate option, you’ll also have the use of an offset account although an application fee will apply.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
| 2.87% p.a. | 2.88% p.a. | $0.00 | $0 | ||
| 2.97% p.a. | 2.99% p.a. | $0.00 | $250 | ||
| 3.57% p.a. | 3.59% p.a. | $0.00 | $250 | ||
| 3.47% p.a. | 3.49% p.a. | $0.00 | $250 |
Looking for a loan to help you cover the cost of a home renovation or a wedding? Then Endeavour Mutual Bank’s Home Equity Overdraft could provide you with the funds you can’t afford out of pocket. You can borrow between $1,000 and $50,000, as long as you have at least 5% in home equity. This line of credit also offers plenty of flexibility, with no set repayment types and times, and if you’d like, you can put forward free extra repayments and take advantage of an offset account to save on interest.
| Product | Rate | Comparison Rate | Service fee | Upfront fee |
|---|---|---|---|---|
| 4.10% p.a. | n/a | $0.00 | $250 |
If you’re looking to get into the property market as soon as possible, the good news is all of Endeavour Mutual Bank’s home loans can lower the barrier of entry by allowing you to borrow with as little as a 5% deposit. Across the board, Endeavour’s maximum LVR is 95%. Just bear in mind that if your deposit is smaller than 20% of the property value, you may have to factor in an extra cost known as Lenders Mortgage Insurance.
Many of Endeavour’s home loans come with a 100% offset account. If used properly, this handy feature can go a long way to helping you reduce your interest costs in the long run.
Match your repayments with pay day! Endeavour’s loans give borrowers the choice of weekly, fortnightly or monthly repayments, so they have the flexibility to contribute to their mortgage at a pace that best suits them and their budget.
Mozo users have rated Endeavour Mutual Bank home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
3 Reviews
I have no complaints with our home loan provider and will highly recommend them to anyone interested.
Read full reviewI have no complaints with our home loan provider and will highly recommend them to anyone interested.
So far, so good.
Read full reviewI love our local Coastline Credit Union as all the staff are approachable and very friendly. Majority even know you by name!!
Read full reviewI love our local Coastline Credit Union as all the staff are approachable and very friendly. Majority even know you by name!!
To take out a loan with Endeavour Mutual Bank, you’ll need to become a member first, as it’s a customer-owned bank. You can register online or visit one of its branches to complete the membership application in-person.
When applying for the actual home loan, you’ll need to have a few other details handy including:
Your ID documents, such as your driver’s licence or passport
Proof of your salary and employment
Details about any other income, including government payments or rental income
Details about any liabilities, including credit cards and other loans
Your current household expenses
Home loan statements (if you’re refinancing).
