G&C Mutual Bank’s First Home Buyer Home Loan is light on fees and comes with variable interest rates as low as 5.90% p.a. variable interest rate (5.93% p.a. comparison rate*). And even though this loan is only available to first home buyers you can borrow up to $5 million as long as your income can meet the repayments.
If you’re a first home buyer after an owner-occupier home loan with lots of features to make use of, then you might be interested in G&C Mutual Bank’s First Home Buyer Loan. This home loan comes with an offset account, a redraw facility and the ability to make unlimited extra repayments. Just keep in mind that if you do take advantage of the redraw, there is a $100 minimum and the service does comes with a $30 fee.
The minimum deposit you'll need with this home loan is 5%. Plus if you’re approved for the First Home Loan Deposit Scheme, then you might just be able to avoid paying Lenders Mortgage Insurance on deposits less than 20%.
Variable interest rates start at a low 5.90% p.a. variable interest rate (5.93% p.a. comparison rate*). And if convenience is a priority, then you’ll be happy to hear that you can apply for this particular home loan online and choose whether to make your repayments weekly, fortnightly or monthly, depending on which frequency suits you.
This home loan would be suited to a first time buyer who is keen to take advantage of a lower interest rate and extra features like an offset account.
This home loan is only available for first time buyers looking to take out an owner-occupier loan and make principal and interest repayments. So investors or refinancers won't be able to apply.
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5.90% p.a. |
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n/a |
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n/a |
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n/a |
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5.93% p.a. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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$300.00 |
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none |
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$5,000,000 |
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none |
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95.00% |
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Owner Occupier |
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Principal & Interest |
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Weekly, Fortnightly, Monthly |
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yes - free |
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no |
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yes - fees apply |
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$100.00 |
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yes |
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yes |
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First home buyers only. Legal, valuation and settlement fees at cost. |
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none |
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Special Offer Variable Rate available for a limited time. |
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.
Home Value Loan
6.09% p.a. variable
6.09% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
Mortgage Simplifier
6.14% p.a. variable
6.17% p.a.
Flex Home Loan
6.24% p.a. variable
6.48% p.a.
Elevate
6.09% p.a. variable
6.20% p.a.
SMSF Home Loan (Variable)
6.99% p.a. variable
7.00% p.a.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
Elevate
6.09% p.a.
6.20% p.a.
Mortgage Simplifier
6.14% p.a.
6.17% p.a.
Flex Home Loan Fixed
5.99% p.a.
fixed 3 years
6.41% p.a.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
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.
