G&C Mutual Bank Basic Home Loan

This product is available in different versions. Pick the right version for you here.

The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $3,500,000 with an LVR below 95%

The details shown below are for an investor taking out a principal & interest loan between $100,000 and $5,000,000 with an LVR below 75%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $100,000 $3,500,000

  • Investor (Principal & Interest)

    LVR < 75%

    Loan: $100,000 $5,000,000

3.34% p.a.

3.37% p.a.

$0.00

G&C Mutual Bank Basic Home Loan

3.34% p.a.

3.37% p.a.

$0.00

3.92% p.a.

3.95% p.a.

$0.00

G&C Mutual Bank Basic Home Loan

3.92% p.a.

3.95% p.a.

$0.00

Mozo Review   G&C Mutual Bank Basic Home Loan Review

Last updated: 9 December 2019.

What's hot:
  • Low 3.34% variable rate (3.37% comparison rate*)

  • Redraw allowed

  • Borrow up to 80% 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. While you will be given flexibility with your repayments schedule, valuation, legal or settlement fee are at cost. You can also expect a competitive variable rate at 3.34% (3.37% comparison rate*), while being able to redraw any extra repayments if you need to.

Key features:

With a low variable interest rate of 3.34% (3.37% comparison rate*), C&G Mutual Bank Basic Home Loan is a loan that’s made for 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%, you'll need to factor Lender's Mortgage Insurance into your budget. With this owner occupier loan, you’ll also have your pick of repayment frequency: weekly, fortnightly or monthly. 

Along with their $500 application fee, you’ll also need to pay legal, settlement and valuation fees at cost. 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 also no offset account or repayment holiday on this home loan. 


Who it's good for:

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

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 12 December 2019. 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
  • 3.34% p.a.

  • n/a

  • n/a

  • n/a

  • 3.37% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $500.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $100,000

  • $3,500,000

  • 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 12 December 2019. 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
  • 3.92% p.a.

  • n/a

  • n/a

  • n/a

  • 3.95% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $500.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $100,000

  • $5,000,000

  • none

  • 75.00%

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 customer rating
8.3/10
Price
8.5/10
Features
7.5/10
Customer service
8.9/10
Convenience
7.3/10
Trust
8.1/10
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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