7.4 / 10

based on 110 reviews as rated by Mozo community

G&C Mutual Bank home loans

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.

What home loans do G&C Mutual Bank offer?

Rates and fees verified as correct at 26 October, 2020. Other information correct at the time of writing. Advertiser disclosure.

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

3.29% p.a.

3.33% p.a.

$0.00

$500

2.99% p.a.

3.03% 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

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

3.59% p.a.

3.63% p.a.

$0.00

$500

3.39% p.a.

3.43% 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

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 ‡

3.19% p.a.

3.25% p.a.

$0.00

$500

4.65% p.a.

4.69% p.a.

$0.00

$500

4.50% p.a.

4.54% p.a.

$0.00

$500

3.77% p.a.

3.83% p.a.

$0.00

$500

5.16% p.a.

5.20% p.a.

$0.00

$500

4.96% p.a.

5.00% p.a.

$0.00

$500

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 ‡

2.64% p.a.

2.65% p.a.

$0.00

$0

2.64% p.a.

2.65% p.a.

$0.00

$0

3.64% p.a.

4.03% p.a.

$375.00 yearly

$0

3.59% p.a.

3.98% p.a.

$375.00 yearly

$0

4.35% p.a.

4.72% p.a.

$375.00 yearly

$0

4.15% p.a.

4.53% p.a.

$375.00 yearly

$0

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

‡ 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.

G&C Mutual Bank home loan features in a glance

Free icon

Free 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 icon

Offset 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.

Free icon

Low 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?

Mozo users have rated G&C Mutual Bank home loan on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
G&C Mutual Bank home loans
Overall
8.3/10
Price
Features
Customer service
Convenience
Trust
8 reviews

Recent G&C Mutual Bank home loan reviews

G&C Mutual Bank Fixed Rate review
Overall 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.

Read 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, Queensland reviewed almost 5 years ago
G&C Mutual Bank Fixed Rate review
Overall 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.

Read 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, New South Wales reviewed over 5 years ago
G&C Mutual Bank Home Loan review
Overall 10/10
Excellent service

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

Read 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, Victoria reviewed about 6 years ago
G&C Mutual Bank Standard Variable review
Overall 10/10
Fantastic institution

Great staff and customer service and competitive rates

Read 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, New South Wales reviewed over 6 years ago
G&C Mutual Bank Standard Variable review
Overall 10/10
Fantastic customer service and great rates

Fantastic company would highly recommend them.

Read 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, New South Wales reviewed over 7 years ago

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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