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G&C Mutual Bank Basic Home Loan

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan up to with an LVR below 95%

The details shown below are for an investor taking out a principal & interest loan up to with an LVR below 95%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan:

  • Investor (Principal & Interest)

    LVR < 95%

    Loan:

Rate
3.19% p.a.
Comparison Rate
3.25% p.a.
Service fee
$0.00
Upfront fee
$500
Rate
3.77% p.a.
Comparison Rate
3.83% p.a.
Service fee
$0.00
Upfront fee
$500

Mozo editorial review G&C Mutual Bank Basic Home Loan

Last updated: 1 December 2020.

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What's hot
  • Low 3.19% variable rate (3.25% comparison rate*)
  • Free extra repayments, redraws also allowed
  • Borrow up to 95% LVR
What's not
  • No repayment holiday
  • No offset account available
Mozo snapshot

If you’re on the hunt for a great value home loan, then look no further than G&C Mutual Bank Basic Home Loan. You can expect a competitive variable rate starting from 3.19% (3.25% comparison rate*), plus the ability to redraw at least $100 of any extra repayments you make if you need to (although fees apply). 

key icon
Key features

With a low variable interest rate of 3.19% (3.25% comparison rate*), C&G Mutual Bank Basic Home Loan is a loan that’s made for a range of borrowers, from the first home buyer to the seasoned pro. Loans are available for up to 95% of the property's value, but just keep in mind that for anything over 80% LVR, you'll need to factor Lender's Mortgage Insurance into your budget. 

With this owner occupier loan, you’ll have your pick of repayment frequency: weekly, fortnightly or monthly. Plus, you have the option to make fee-free extra repayments if you really want to stay on top of your mortgage, while also having access to a redraw online or through your mobile banking if you need to, but there is a fee for this and a $100 minimum redraw. There is however no offset account or repayment holiday on this home loan. 

As for fees, there are no ongoing service fees to worry about, but you will need to pay a $500 application fee as well as loan settlement fees (legal, settlement and valuation) at cost. 

snapshot
Who is it good for

G&C Mutual Bank Basic Home Loan is a great choice for customers who want to take out a low-rate and flexible home loan with a community-focused bank.

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Any catches

With G&C Mutual Bank Basic Home Loan you will not be able to access a repayment holiday. This means that you will not be granted time off from your home loan if you experience financial hardship and are temporarily unable to make repayments.

Details

Rates and fees information correct as at 23 April 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.19% p.a.

  • n/a

  • n/a

  • n/a

  • 3.25% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $500.00

  • n/a

  • n/a

  • n/a

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • none

  • none

  • none

  • 95.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - fees apply

  • $100.00

  • yes

  • no

  • Legal, valuation and settlement fees at cost. Lenders Mortgage Insurance required for loans with an LVR over 80%.

  • none

  • none

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.

Details

Rates and fees information correct as at 23 April 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.77% p.a.

  • n/a

  • n/a

  • n/a

  • 3.83% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $500.00

  • n/a

  • n/a

  • n/a

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • none

  • none

  • none

  • 95.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - fees apply

  • $100.00

  • yes

  • no

  • Legal, valuation and settlement fees at cost.

  • none

  • none

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.

Customer Reviews

How are G&C Mutual Bank home loans rated by the Mozo community?

Overall
8.3/10
Price
8.5/10
Features
7.5/10
Customer service
8.9/10
Convenience
7.3/10
Trust
8.1/10
Thumbnail icon for G&C Mutual Bank

About G&C Mutual Bank

Operating for over 55 years, G&C Mutual Bank is owned by its members, which means they pass profits back to customers in the form of competitive interest rates on its products and deliver superior financial solutions to consumers. G&C Mutual Bank offers a full suite of financial solutions including home loans, investment loans, personal loans and credit cards to its members. It also has everyday banking products such as savings accounts and transaction accounts that can help with short and long term savings goals.

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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.