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Teachers Mutual Bank My First Home Loan

Advertiser disclosure
Rate
4.16% p.a.
Comparison Rate
4.18% p.a.
Service fee
$0.00
Upfront fee
$330

Details

Rates and fees information correct as at 29 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
  • 4.16% p.a.

  • n/a

  • n/a

  • n/a

  • 4.18% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • $330.00

  • $0.00

  • n/a

  • $0.00

  • $75.00

Other financial bits
  • $25,000

  • none

  • none

  • 95.00%

Features
  • Owner Occupier

  • Principal & Interest, Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • Available to first home buyers only; 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
8.0/10
Customer service
8.5/10
Convenience
7.6/10
Trust
8.7/10

Latest reviews of Teachers Mutual Bank My First Home Loan

  • Overall 9/10
    Great App

    I really like TMB because the app is easy to use and allows me to manage my offset account on from my phone. The interest rate is good, although they have gone lower since I joined TMB so that is an area for improvement. Overall, I am happy with the bank.

    Read full review

    I really like TMB because the app is easy to use and allows me to manage my offset account on from my phone. The interest rate is good, although they have gone lower since I joined TMB so that is an area for improvement. Overall, I am happy with the bank.

    Price
    7/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    10/10
    Trust
    9/10
    Less
    Michelle, Western Australia reviewed 19 days ago
  • Overall 10/10
    Great customer service and good range of products

    Teachers Mutual Bank provides up to date products with accurate information to thear customers. Customers are able to make advance payments in order to maximise savings on interest. Advisers are well- informed and treat each customer with interest and respect. Advice ie easily accessible and appropriate.

    Read full review

    Teachers Mutual Bank provides up to date products with accurate information to thear customers. Customers are able to make advance payments in order to maximise savings on interest. Advisers are well- informed and treat each customer with interest and respect. Advice ie easily accessible and appropriate.

    Price
    10/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Mozo community reviewer, New South Wales reviewed over 7 years ago
  • Overall 8/10
    Great product and easy access to our money.

    The Teacher's Mutual Bank home loan is allowing us to pay of our mortage quicker by giving us easy access to redraw facilities whilst still providing a competitive interest rate. It is just so easy. We have all our pay go directly into the loan account and regular bills are set up to be paid automatically via redraw. We can also transfer funds to our everday account online any time, day or night, and there are none of the fees regularly associated with this type of access.

    Read full review

    The Teacher's Mutual Bank home loan is allowing us to pay of our mortage quicker by giving us easy access to redraw facilities whilst still providing a competitive interest rate. It is just so easy. We have all our pay go directly into the loan account and regular bills are set up to be paid automatically via redraw. We can also transfer funds to our everday account online any time, day or night, and there are none of the fees regularly associated with this type of access.

    Price
    8/10
    Features
    8/10
    Customer service
    7/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Steven, 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

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AcceleRATES Variable Home Loan

2.19% p.a. variable

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UBank

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UHomeLoan (Fixed)

1.95% p.a.
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2.36% p.a.

Virgin Money

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2.04% p.a.
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2.73% p.a.

Suncorp

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2.54% p.a. variable

2.55% p.a.

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2.48% p.a. variable

2.50% p.a.

Newcastle Permanent

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2.59% p.a. variable

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UBank

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UHomeLoan - Discount Offer

2.34% p.a. variable

2.34% p.a.

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Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a.

2.47% p.a.

Athena

Athena

AcceleRATES Variable Home Loan

2.19% p.a.

2.19% p.a.

UBank

UBank

UHomeLoan - Discount Offer

2.34% p.a.

2.34% p.a.

Suncorp

Suncorp

Back to Basics

2.54% p.a.

2.55% p.a.

Bank of Queensland

Bank of Queensland

Economy

2.59% p.a.

2.76% p.a.

Illawarra Credit Union

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The Works Home Loan

1.99% p.a.variable for 24 months and then 2.50% p.a.

2.93% p.a.

Newcastle Permanent

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Real Deal Home Loan

2.59% p.a.

2.63% p.a.

HSBC

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Home Value Loan

2.59% p.a.

2.60% p.a.

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Fixed Home Loan

1.99% p.a.
fixed 3 years

2.70% p.a.

UBank

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UHomeLoan (Fixed)

1.95% p.a.
fixed 3 years

2.36% p.a.

Virgin Money

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Reward Me Fixed Rate Home Loan

2.04% p.a.
fixed 3 years

2.73% p.a.

Bank of Queensland

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Fixed Rate

2.09% p.a.
fixed 3 years

3.01% p.a.

Newcastle Permanent

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Fixed Rate Home Loan (Premium Plus Package)

2.18% p.a.
fixed 3 years

3.62% p.a.

HSBC

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Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

UBank

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UHomeLoan (1 Year Fixed)

n/a

n/a

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2.19% p.a.
fixed 3 years

2.68% p.a.

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Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a.

2.47% p.a.

$0.00

UBank

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UHomeLoan - Discount Offer

2.34% p.a.

2.34% p.a.

$0.00

Athena

Athena

AcceleRATES Variable Home Loan

2.19% p.a.

2.19% p.a.

$0.00

Suncorp

Suncorp

Back to Basics

2.54% p.a.

2.55% p.a.

$0.00

loans.com.au

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Smart Home Loan

2.48% p.a.

2.50% p.a.

$0.00

Newcastle Permanent

Newcastle Permanent

Real Deal Home Loan

2.59% p.a.

2.63% p.a.

$0.00

Athena

Athena

AcceleRATES Variable Home Loan

2.84% p.a.

2.44% p.a.

$0.00

Yard

Yard

Variable Home Loan Special

2.09% p.a.

2.12% p.a.

$0.00

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.