Thumbnail icon for Teachers Mutual Bank

Teachers Mutual Bank Fixed Option Home Loan

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan of at least $25,000 with an LVR below 95%

The details shown below are for an owner occupier taking out a interest only loan of at least $25,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan of at least $25,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan of at least $25,000 with an LVR below 70%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $25,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $25,000

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $25,000

  • Investor (Interest Only)

    LVR < 70%

    Loan: $25,000

Fixed 3 year rate
2.19% p.a.
Comparison Rate
3.87% p.a.
Service fee
$0.00
Upfront fee
$930
Fixed 3 year rate
2.49% p.a.
Comparison Rate
4.05% p.a.
Service fee
$0.00
Upfront fee
$930
Fixed 3 year rate
2.49% p.a.
Comparison Rate
3.94% p.a.
Service fee
$0.00
Upfront fee
$930
Fixed 3 year rate
2.64% p.a.
Comparison Rate
4.09% p.a.
Service fee
$0.00
Upfront fee
$930

Details

Rates and fees information correct as at 1 November 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.19% (4.23%*)

  • 2.19% (4.04%*)

  • 2.19% (3.87%*)

  • 2.79% (3.90%*)

  • 2.79% (3.79%*)

  • n/a

  • n/a

  • 4.37% p.a.

Fees
  • $600.00

  • n/a

  • $330.00

  • $0.00

  • n/a

  • $0.00

  • $75.00

Other financial bits
  • $25,000

  • none

  • none

  • 95.00%

Features
  • Weekly, Fortnightly, Monthly

  • no

  • no

  • no

  • none

  • yes

  • yes

  • Legal fee payable at cost. Lenders Mortgage Insurance applies to loans with an LVR above 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 1 November 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.49% (4.39%*)

  • 2.49% (4.22%*)

  • 2.49% (4.05%*)

  • 3.09% (4.10%*)

  • 3.09% (4.00%*)

  • n/a

  • n/a

  • 4.52% p.a.

Fees
  • $600.00

  • n/a

  • $330.00

  • $0.00

  • n/a

  • $0.00

  • $75.00

Other financial bits
  • $25,000

  • none

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • no

  • no

  • no

  • none

  • yes

  • yes

  • 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 1 November 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.49% (4.26%*)

  • 2.49% (4.09%*)

  • 2.49% (3.94%*)

  • 3.09% (4.00%*)

  • 3.09% (3.91%*)

  • n/a

  • n/a

  • 4.37% p.a.

Fees
  • $600.00

  • n/a

  • $330.00

  • $0.00

  • n/a

  • $0.00

  • $75.00

Other financial bits
  • $25,000

  • none

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • no

  • no

  • no

  • none

  • yes

  • yes

  • Legal fee payable at cost. Lenders Mortgage Insurance applies to loans with an LVR above 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 1 November 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.64% (4.41%*)

  • 2.64% (4.24%*)

  • 2.64% (4.09%*)

  • 3.24% (4.15%*)

  • 3.24% (4.06%*)

  • n/a

  • n/a

  • 4.52% p.a.

Fees
  • $600.00

  • n/a

  • $330.00

  • $0.00

  • n/a

  • $0.00

  • $75.00

Other financial bits
  • $25,000

  • none

  • none

  • 70.00%

Features
  • Weekly, Fortnightly, Monthly

  • no

  • no

  • no

  • none

  • yes

  • yes

  • 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
8.6/10
Price
8.4/10
Features
7.9/10
Customer service
8.5/10
Convenience
7.6/10
Trust
8.7/10

Latest reviews of Teachers Mutual Bank Fixed Option Home Loan

  • Overall 8/10
    Competitive products and amazing customer services

    Good service and products.

    Read full review

    Good service and products.

    Price
    6/10
    Features
    7/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    9/10
    Less
    V, Queensland reviewed almost 5 years ago
  • Overall 10/10
    Excellent service; great rates.

    I have been with this bank for nearly 40 years and they consistently provide very competitive rates and a high level of service.

    Read full review

    I have been with this bank for nearly 40 years and they consistently provide very competitive rates and a high level of service.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Susan, New South Wales reviewed about 5 years ago
  • Overall 10/10
    Good rate and great service

    TMBank is the bank provider with very low interest.

    Read full review

    TMBank is the bank provider with very low interest.

    Price
    8/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    10/10
    Less
    Jone, Northern Territory reviewed over 5 years ago
  • Overall 9/10
    Great rates and customer service

    Very happy with the customer service and competitive rates with this bank, who have allowed me to purchase my first home at age 26. Flexible options mean I can have a partly fixed and partly variable loan for both security and taking advantage of changes in the rates. Really easy and the whole thing went smoothly - apparently a rare occurrence for buying property so I consider myself very lucky.

    Read full review

    Very happy with the customer service and competitive rates with this bank, who have allowed me to purchase my first home at age 26. Flexible options mean I can have a partly fixed and partly variable loan for both security and taking advantage of changes in the rates. Really easy and the whole thing went smoothly - apparently a rare occurrence for buying property so I consider myself very lucky.

    Price
    9/10
    Features
    10/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Erin, New South Wales reviewed about 6 years ago
  • Overall 5/10
    Competitive rates but customer focus not there

    The Teachers Mutual Bank (ye old Teachers Credit Union) do provide loan products that are competitive.In saying this it takes almost a month for any interest cuts to be reflected on mortgages and policy in reducing rates inline with RBA announcements is in-line with other lenders. Unfortunately I have found many little but consistent issues that are reflecting growth which may create strength but is taking away the personalised and individuaised service once experienced in the past. For general insurance products, whilst convenient, it is my experience they are dearer and frankly their insurance partner has not supported the bank in the way I would expect. Hence I once had most insurance products with The Teachers Mutual Bank and I now have none. I find myself reluctant to change lenders however each day I find my loyalty being erroded to the point I have had a broker assess my other options. It's not too late and I truly hope issues can be resolved so I can stay with The Teachers Mutual Bank.

    Read full review

    The Teachers Mutual Bank (ye old Teachers Credit Union) do provide loan products that are competitive.In saying this it takes almost a month for any interest cuts to be reflected on mortgages and policy in reducing rates inline with RBA announcements is in-line with other lenders. Unfortunately I have found many little but consistent issues that are reflecting growth which may create strength but is taking away the personalised and individuaised service once experienced in the past. For general insurance products, whilst convenient, it is my experience they are dearer and frankly their insurance partner has not supported the bank in the way I would expect. Hence I once had most insurance products with The Teachers Mutual Bank and I now have none. I find myself reluctant to change lenders however each day I find my loyalty being erroded to the point I have had a broker assess my other options. It's not too late and I truly hope issues can be resolved so I can stay with The Teachers Mutual Bank.

    Price
    7/10
    Features
    6/10
    Customer service
    2/10
    Convenience
    2/10
    Trust
    2/10
    Less
    Rod, New South Wales reviewed over 8 years 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.

See Teachers Mutual Bank home loans

loans.com.au

loans.com.au

Smart Home Loan

2.48% p.a. variable

2.50% p.a.

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

Athena

Athena

AcceleRATES Variable Home Loan

2.34% p.a. variable

2.34% p.a.

UBank

UBank

UHomeLoan - Discount Offer

2.49% p.a. variable

2.49% p.a.

Suncorp

Suncorp

Back to Basics

2.68% p.a. variable

2.69% p.a.

Bank of Queensland

Bank of Queensland

Economy

2.64% p.a. variable

2.81% p.a.

IMB Bank

IMB Bank

Budget Home Loan

2.61% p.a. variable

2.67% p.a.

AMP Bank

AMP Bank

Variable Rate Loan (Professional Package)

2.59% p.a. variable

3.00% p.a.

loans.com.au

loans.com.au

Smart Home Loan

2.48% p.a. variable

2.50% p.a.

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

Athena

Athena

AcceleRATES Variable Home Loan

2.34% p.a. variable

2.34% p.a.

UBank

UBank

UHomeLoan - Discount Offer

2.49% p.a. variable

2.49% p.a.

Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

2.49% p.a.
fixed 3 years

3.28% p.a.

Bank of Queensland

Bank of Queensland

Economy

2.59% p.a. variable

2.76% p.a.

IMB Bank

IMB Bank

Budget Home Loan

2.61% p.a. variable

2.67% p.a.

AMP Bank

AMP Bank

Variable Rate Loan (Professional Package)

2.59% p.a. variable

3.00% p.a.

loans.com.au

loans.com.au

Smart Home Loan

2.48% p.a.

2.50% p.a.

HSBC

HSBC

Home Value Loan

2.59% p.a.

2.60% p.a.

Athena

Athena

AcceleRATES Variable Home Loan

2.34% p.a.

2.34% p.a.

UBank

UBank

UHomeLoan - Discount Offer

2.49% p.a.

2.49% p.a.

Suncorp

Suncorp

Back to Basics

2.68% p.a.

2.69% p.a.

Bank of Queensland

Bank of Queensland

Economy

2.59% p.a.

2.76% p.a.

IMB Bank

IMB Bank

Budget Home Loan

2.61% p.a.

2.67% p.a.

AMP Bank

AMP Bank

Variable Rate Loan (Professional Package)

2.59% p.a.

3.00% p.a.

loans.com.au

loans.com.au

Fixed Home Loan

n/a

n/a

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

Homestar

Homestar

Star Classic Fixed Home Loan

2.06% p.a.
fixed 3 years

2.38% p.a.

UBank

UBank

UHomeLoan (1 Year Fixed)

n/a

n/a

Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

2.49% p.a.
fixed 3 years

3.28% p.a.

Bank of Queensland

Bank of Queensland

Fixed Rate

2.25% p.a.
fixed 3 years

3.41% p.a.

IMB Bank

IMB Bank

Fixed Home Loan

2.39% p.a.
fixed 3 years

3.08% p.a.

AMP Bank

AMP Bank

Fixed Rate Loan (Professional Package)

2.49% p.a.
fixed 3 years

3.07% 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.