G&C Mutual Bank home loans

G&C Mutual Bank
G&C Mutual Bank's overall rating for home loans

(as rated by the Mozo community)

7.8 / 10

based on 4 reviews

Customer owned and operating since 1959, G&C Mutual Bank now has 36,000 members. Because there are no external shareholders, G&C puts all its profits into creating a better experience for its customers. That means the home loans on offer are designed to have you own your own home with the least amount of stress.

Rates and fees verified as correct at 11 December, 2016. Other information correct at the time of writing.

What home loans do G&C Mutual Bank offer?

Fixed Rate Home Loans Fixed Rate Home Loans

If the security of fixed rates is for you, then check out the fixed rate home loan offers from G&C Mutual Bank. You can borrow up to 95% of the property's value, as long as that’s not more than $2 million. There are upfront application, legal and valuation fees to consider, but in return, you’ll get to make free extra repayments up to 5% of your loan amount each year, and have the use of an offset account. You can also use the redraw facility, although a minimum amount and fees apply. One thing to keep in mind, is that unless you specify otherwise, at the end of your fixed rate term, your home loan will roll into another fixed term of the same length at the rate on offer at that time.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

p.a.

n/a

$0.00

$500

p.a.

n/a

$0.00

$500

p.a.

n/a

$0.00

$500

p.a.

n/a

$0.00

$500

4.39% p.a.

4.39% p.a.

$0.00

$500

3.99% p.a.

4.03% p.a.

$0.00

$500

p.a.

n/a

$0.00

$500

p.a.

n/a

$0.00

$500

p.a.

n/a

$0.00

$500

p.a.

n/a

$0.00

$500


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Variable Rate Home Loans Variable Rate Home Loans

For a little more flexibility, check out a G&C Mutual Bank variable rate home loan. You can borrow up to $2 million or 95% of the property’s value. There are application, legal and valuation fees to budget for, but the good news is, you can make unlimited free extra repayments in order to pay your loan off quicker. You can also make use of the redraw facility, but keep in mind that fees and a minimum amount apply. If you like, you can also choose to split your loan between fixed and variable rates, for the best of both worlds.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

5.40% p.a.

5.44% p.a.

$0.00

$500

5.15% p.a.

5.19% p.a.

$0.00

$500


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Variable Package Home Loan Variable Package Home Loan

Opt for a variable rate package home loan from G&C and you can borrow between $300,000 and $3,500,000, up to 95% of the property’s value. You’ll pay a yearly service fee, as well as upfront legal and valuation fees, but in term of features, you’ll be able to make unlimited free extra repayments, plus make use of an offset account and the redraw facility, although fees and a minimum amount apply to the latter. And don’t forget to cash in on the bundling bonus of discounted home insurance when you take out this home loan package.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.34% p.a.

4.71% p.a.

$375.00 yearly

$0

3.99% p.a.

4.37% p.a.

$375.00 yearly

$0


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G&C Mutual Bank home loan features in a glance

Free extra repaymentsFree extra repayments

Pay off your home loan quicker by making free extra repayments - unlimited on variable rate options, and up to 5% of your loan balance each year for fixed rate offers.

Offset accountOffset account

Save money on your home loan by making use of the offset account. Just remember, this feature is only available on fixed and package options from G&C Mutual.

Low depositLow deposit

Having trouble saving up a deposit for your home loan? With G&C Mutual, you can borrow up to 95% of the value of your dream home.

How are G&C Mutual Bank home loans rated?

Find out what G&C Mutual Bank customers think of their home loans in areas like trust, customer service and price in our customer review section.

G&C Mutual Bank home loans

Overall 7.8*

Price

Features

Customer service

Convenience

Trust

4 Reviews

* Overall rating based on reviews in the past 12 months.

Recent G&C Mutual Bank home loan reviews Recent G&C Mutual Bank home loan reviews

G&C Mutual Bank

G&C Mutual Bank 1 Year Fixed Rate (Owner Occupier) home loan review

Overall rating   2 / 10

Competitive home loan rates, that's it.

Online banking system needs an overhaul, no dedicated smartphone app, no 24-hour call centre but they had good home loan rates.

Full review

Online banking system needs an overhaul, no dedicated smartphone app, no 24-hour call centre but they had good home loan rates.

    Price   4 / 10

    Features   1 / 10

    Customer service   3 / 10

    Convenience   0 / 10

    Trust   2 / 10

Less

Iyan (QLD), reviewed about 1 year ago

G&C Mutual Bank

G&C Mutual Bank 1 Year Fixed Rate (Owner Occupier) home loan review

Overall rating   9 / 10

Competitive & great customer service

G&C Mutual Bank have treated me with nothing but honest down to earth customer value with cheap credit card rates & loans of all types and extremely helpful in all my banking needs.

Full review

G&C Mutual Bank have treated me with nothing but honest down to earth customer value with cheap credit card rates & loans of all types and extremely helpful in all my banking needs.

    Price   9 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Julie (NSW), reviewed over 1 year ago

G&C Mutual Bank

G&C Mutual Bank home loan review

Overall rating   10 / 10

Excellent service

Can only describe SGE credit union as being the best to deal with.

Full review

Can only describe SGE credit union as being the best to deal with.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Ivan (VIC), reviewed over 2 years ago

G&C Mutual Bank

G&C Mutual Bank Standard Variable (Owner Occupier) home loan review

Overall rating   10 / 10

Fantastic institution

Great staff and customer service and competitive rates

Full review

Great staff and customer service and competitive rates

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Kimberly (NSW), reviewed over 2 years ago

G&C Mutual Bank

G&C Mutual Bank Standard Variable (Owner Occupier) home loan review

Overall rating   10 / 10

Fantastic customer service and great rates

Fantastic company would highly recommend them.

Full review

Fantastic company would highly recommend them.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   7 / 10

    Trust   9 / 10

Less

Patricia (NSW), reviewed over 3 years ago

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Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

What do you need to apply for a G&C Mutual Bank home loan? What do you need to apply for a G&C Mutual Bank home loan?

To apply for a G&C Mutual Bank home loan you can enquire online and set up a meeting with a mortgage consultant. When you do, make sure you have:

  • I.D
  • Proof of income (pay slips or bank statements)
  • A list of your assets and debts

Also, remember that before you can actually secure the home loan, you’ll have to become a G&C Mutual Bank member.

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