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G&C Mutual Bank Momentum Home Loan (Refinance Only)

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan of at least $100,000 with an LVR below 60%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $100,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $100,000 with an LVR below 95%

The details shown below are for an investor taking out a principal & interest, interest only loan of at least $100,000 with an LVR below 60%

The details shown below are for an investor taking out a principal & interest, interest only loan of at least $100,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest, interest only loan of at least $100,000 with an LVR below 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 60%

    Loan: $100,000

  • Owner Occupier (Principal & Interest)

    LVR 60%-80%

    Loan: $100,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-95%

    Loan: $100,000

  • Investor (Principal & Interest, Interest Only)

    LVR < 60%

    Loan: $100,000

  • Investor (Principal & Interest, Interest Only)

    LVR 60%-80%

    Loan: $100,000

  • Investor (Principal & Interest, Interest Only)

    LVR 80%-90%

    Loan: $100,000

Rate
3.24% p.a.
Comparison Rate
3.25% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.34% p.a.
Comparison Rate
3.35% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.44% p.a.
Comparison Rate
3.45% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.64% p.a.
Comparison Rate
3.65% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.74% p.a.
Comparison Rate
3.75% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.84% p.a.
Comparison Rate
3.85% p.a.
Service fee
$0.00
Upfront fee
$0

Mozo editorial review G&C Mutual Bank Momentum Home Loan (Refinance Only) - last updated: 12 July 2022

binocular icon
What's hot
  • 3.24% p.a. (3.26% p.a. comparison rate*)
  • 100% offset account
  • Unlimited extra repayments
What's not
  • $300 discharge fee
Mozo snapshot

For those who already have a home loan but find it no longer suits them, the Momentum Home Loan from G&C Mutual Bank offers an alternative. Refinancers with an LVR below 60% will be able to access rates as low as 3.24% p.a. (3.26% p.a. comparison rate*). The ability to make free extra repayments and access an offset account will also be appreciated by those looking to reduce the amount of interest they pay over the life of their loan.

key icon
Key features

Available solely for refinancers, the Momentum Home Loan from G&C Mutual Bank offers a range of useful features to go with its highly competitive variable rates. Interest rates vary depending on how much equity you have built up in your home, with LVRs of less than 60% attracting a 3.24% p.a. interest rate (3.26% p.a. comparison rate*) and those on higher LVR tiers charged slightly more. 

While loans are available for borrowers with an LVR between 80% and 95%, they will be required to purchase lender’s mortgage insurance, which protects G&C Mutual Bank in case the borrower is unable to service their mortgage. A no deposit guarantor-backed loan is also available via G&C Mutual Bank's Get Ahead Start Guarantor program.

Borrowers will have their choice of making weekly, fortnightly or monthly repayments, and free extra repayments can be made without attracting any fees. There is also a redraw facility in case you want to retrieve any of those extra funds, however a $30 service fee will apply. Finally, a 100% offset account is available, allowing borrowers to use their savings to reduce the principal amount on which interest is charged.

snapshot
Who is it good for

Those with a home loan from another financial institution who are looking for cheaper rates or more attractive features could find what they’re looking for in the Momentum Home Loan.

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Any catches

While there are no upfront or ongoing fees on this loan, a $300 discharge fee will apply.

Details

Rates and fees information correct as at 11 August 2022. 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

3.24% 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

$0.00

n/a

n/a

n/a

n/a

$0.00

$300.00

Other financial bits

$100,000

none

none

60.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - fees apply

$100.00

yes

yes

Available for refinancing applications from another financial institution only. 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.

Details

Rates and fees information correct as at 11 August 2022. 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

3.35% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

n/a

n/a

n/a

n/a

$0.00

$300.00

Other financial bits

$100,000

none

60.00%

80.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - fees apply

$100.00

yes

yes

Available for refinancing applications from another financial institution only. 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.

Details

Rates and fees information correct as at 11 August 2022. 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

3.44% p.a.

n/a

n/a

n/a

3.45% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

n/a

n/a

n/a

n/a

$0.00

$300.00

Other financial bits

$100,000

none

80.00%

95.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - fees apply

$100.00

yes

yes

Available for refinancing applications from another financial institution only. 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.

Details

Rates and fees information correct as at 11 August 2022. 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

3.64% p.a.

n/a

n/a

n/a

3.65% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

n/a

n/a

n/a

n/a

$0.00

$300.00

Other financial bits

$100,000

none

none

60.00%

Features

Investor

Principal & Interest, Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - fees apply

$100.00

yes

yes

Available for refinancing applications from another financial institution only. Interest Only repayments are paid monthly. 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.

Details

Rates and fees information correct as at 11 August 2022. 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

3.74% p.a.

n/a

n/a

n/a

3.75% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

n/a

n/a

n/a

n/a

$0.00

$300.00

Other financial bits

$100,000

none

60.00%

80.00%

Features

Investor

Principal & Interest, Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - fees apply

$100.00

yes

yes

Available for refinancing applications from another financial institution only. Interest Only repayments are paid monthly. 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.

Details

Rates and fees information correct as at 11 August 2022. 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

3.84% p.a.

n/a

n/a

n/a

3.85% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

n/a

n/a

n/a

n/a

$0.00

$300.00

Other financial bits

$100,000

none

80.00%

90.00%

Features

Investor

Principal & Interest, Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - fees apply

$100.00

yes

yes

Available for refinancing applications from another financial institution only. Interest Only repayments are paid monthly. 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.

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About G&C Mutual Bank

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.