8.1 / 10

based on 167 reviews as rated by Mozo community

Sydney Mutual Bank home loans

Founded in 1963 to help meet the financial needs of City of Sydney Council employees, Sydney Mutual Bank have made it their mission to offer more generous banking products - including home loans. Speaking of which, Sydney Mutual Bank home loans offer a range of packages to suit the needs of both owner occupiers and investors.  

In 2019, Sydney Mutual Bank even grabbed two Mozo Experts Choice Awards for best First Home Buyer Loan and best Offset Home Loan. Check out their range of home loans below for an overview of interest rates, fees and more. Or you can compare with our home loan comparison tools.

What home loans do Sydney Mutual Bank offer?

Rates and fees verified as correct at 30 October, 2020. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments ‡

p.a.

n/a

$0.00

$0

2.39% p.a.

2.85% p.a.

$0.00

$250

2.28% p.a.

2.82% p.a.

$0.00

$250

2.64% p.a.

3.28% p.a.

$0.00

$250

2.84% p.a.

3.33% p.a.

$0.00

$250

2.53% p.a.

3.25% p.a.

$0.00

$250

2.73% p.a.

3.30% p.a.

$0.00

$250

Variable Rate Home Loans

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments ‡

2.87% p.a.

2.93% p.a.

$0.00

$250

2.87% p.a.

2.89% p.a.

$0.00

$250

2.97% p.a.

2.99% p.a.

$0.00

$250

4.10% p.a.

4.12% p.a.

$0.00

$250

3.47% p.a.

3.49% p.a.

$0.00

$250

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.

How are Sydney Mutual Bank home loans rated?

Mozo users have rated Sydney Mutual Bank home loans 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
Sydney Mutual Bank home loans
Overall
8.7/10
Price
Features
Customer service
Convenience
Trust

14 Reviews

Recent Sydney Mutual Bank home loan reviews

Sydney Mutual Bank Home Loan review
Overall 10/10
Great customer service and low interest rate.

Interest rate are low. They keep an eye out for suspicious transactions. Give great financial advice. Only thing that I'm not happy about is that it is a bit difficult to send money to a few countries overseas to family so we don’t use them for that.

Read full review

Interest rate are low. They keep an eye out for suspicious transactions. Give great financial advice. Only thing that I'm not happy about is that it is a bit difficult to send money to a few countries overseas to family so we don’t use them for that.

Price
10/10
Features
9/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Julie, New South Wales reviewed 11 months ago
Sydney Mutual Bank Home Loan review
Overall 9/10
yes

I left a major bank to become a member, they gave me my home loan and I had never banked with them before. Their rates are on par with the other lenders, but their customer service rates are so much higher than the banks. They know you by name and take an interest in you, nothing is ever an effort. All my family and friends now bank with them.

Read full review

I left a major bank to become a member, they gave me my home loan and I had never banked with them before. Their rates are on par with the other lenders, but their customer service rates are so much higher than the banks. They know you by name and take an interest in you, nothing is ever an effort. All my family and friends now bank with them.

Price
8/10
Features
8/10
Customer service
9/10
Convenience
8/10
Trust
9/10
Less
Michelle, New South Wales reviewed over 5 years ago
Sydney Mutual Bank Variable Rate Home Loan review
Overall 10/10
Customer service

This credit union has such a personal service. Even though I applied online the service was excellent. They answered all my questions and met all my needs.

Read full review

This credit union has such a personal service. Even though I applied online the service was excellent. They answered all my questions and met all my needs.

Price
8/10
Features
9/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Stephanie, New South Wales reviewed over 5 years ago
Sydney Mutual Bank Basic Variable Home Loan review
Overall 10/10
The best to do business with

Sydney Credit Union (when I had a mortgage) was the best bank to deal with. They were fair, always ready to explain things and were very happy when I paid out the mortgage early.

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Sydney Credit Union (when I had a mortgage) was the best bank to deal with. They were fair, always ready to explain things and were very happy when I paid out the mortgage early.

Price
7/10
Features
8/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Mozo community reviewer, New South Wales reviewed over 5 years ago
Sydney Mutual Bank Home Loan review
Overall 10/10
Fabulous

My bank is always there for me, continuous help and kindness, friendly staff who actually know who I am. Even now and then we will receive a hello phone call just to see how we are going. Exceptional :)

Read full review

My bank is always there for me, continuous help and kindness, friendly staff who actually know who I am. Even now and then we will receive a hello phone call just to see how we are going. Exceptional :)

Price
10/10
Features
10/10
Customer service
10/10
Convenience
6/10
Trust
10/10
Less
Narelle, Queensland reviewed almost 6 years ago

What do you need to apply for a Sydney Mutual Bank home loan?

  • Personal details for each applicant (if necessary)
  • Contact details including a valid email address
  • Proof of salary (i.e. payslips) and evidence of other income including government payments and rental income
  • Statements for any liabilities including credit cards or other existing loans
  • A copy of your council rates notice
  • A copy of your driver's licence or passport
  • Home loan statements (if you’re refinancing)

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