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Teachers Mutual Bank Classic Home Loan

The details shown below are for an owner occupier taking out a principal & interest loan of at least $250,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $250,000 with an LVR below 85%

The details shown below are for an investor taking out a principal & interest loan of at least $250,000 with an LVR below 85%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $250,000

  • Owner Occupier (Principal & Interest)

    LVR < 85%

    Loan: $250,000

  • Investor (Principal & Interest)

    LVR < 85%

    Loan: $250,000

Rate
2.55% p.a.fixed for 12 months and then 3.04% p.a.
Comparison Rate*
3.06% p.a.
Service fee
$0.00
Upfront fee
$930
Rate
3.04% p.a.
Comparison Rate*
3.10% p.a.
Service fee
$0.00
Upfront fee
$930
Rate
3.19% p.a.
Comparison Rate*
3.25% p.a.
Service fee
$0.00
Upfront fee
$930

Details

Rates and fees information correct as at 11 August 2020. 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

  • 3.04% p.a.

  • 2.55% p.a.

  • 12 Months

  • Fixed

  • 3.06% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $600.00

  • n/a

  • $330.00

  • $0.00

  • n/a

  • $0.00

  • $75.00

Other financial bits

  • $250,000

  • none

  • none

  • 80.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • no

  • no

  • Legal fee payable at cost

  • none

  • Special introductory rate offer available for applications by 31 December 2020, approved by 31 January 2021, and settled by 30 April 2021.

*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 2020. 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

  • 3.04% p.a.

  • n/a

  • n/a

  • n/a

  • 3.10% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $600.00

  • n/a

  • $330.00

  • $0.00

  • n/a

  • $0.00

  • $75.00

Other financial bits

  • $250,000

  • none

  • none

  • 85.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • no

  • no

  • Legal fee payable 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 2020. 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

  • $600.00

  • n/a

  • $330.00

  • $0.00

  • n/a

  • $0.00

  • $75.00

Other financial bits

  • $250,000

  • none

  • none

  • 85.00%

Features

  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • no

  • no

  • Legal fee payable 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 Teachers Mutual Bank home loans rated by the Mozo community?

Overall customer rating
8.6/10

Based on 80 Teachers Mutual Bank home loan reviews

Price
8.4/10
Features
7.9/10
Customer service
8.5/10
Convenience
7.6/10
Trust
8.7/10

Latest review of Teachers Mutual Bank Classic Home Loan

  • Overall 9/10
    Friendly with less fees.

    Very helpful. No monthly fees on loan.

    Read full review

    Very helpful. No monthly fees on loan.

    Price
    8/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    10/10
    Less
    Janet, New South Wales reviewed 9 months ago
Teachers Mutual Bank

About Teachers Mutual Bank

Teachers Mutual Bank (formerly Teachers Credit Union) offers its members a competitive range of personal banking and insurance products. They "Put you first" by offering a range of Home Loans, Credit Cards and day to day bank and savings accounts. Teachers Mutual Bank is focussed on the education community and their families so to join the Teachers Mutual Bank bank you must be a teacher, lecturer or instructor at a school, TAFE or university or a student studying education.

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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.

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