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The Mutual Bank home loans

The Mutual Bank
The Mutual Bank's overall rating for home loans

(as rated by the Mozo community)

9.0 / 10

based on 2 reviews

The Mutual Bank home loans offer a range of packages for different needs. Check out our range of home loans for an overview of interest rates, fees and more. Or you can compare with our home loan comparison tools.

Rates and fees verified as correct at 19 August, 2019. Other information correct at the time of writing.

What home loans do The Mutual Bank offer?

Fixed Rate Home Loans Fixed Rate Home Loans

With fixed repayment terms of up to three years, The Mutual Bank Fixed Rate Home Loans are made for borrowers looking for peace of mind when buying a home. This fixed rate home loan is available to owner-occupiers and investors, on loans starting from $50,000 and has no monthly or annual fees. It’s loaded with an abundance of features, including the choice of monthly, fortnightly or weekly repayments, the option to make up to $20,000 of extra repayments during the fixed term and also a free redraw facility.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.19% p.a.

4.77% p.a.

$0.00

$450

3.84% p.a.

4.38% p.a.

$0.00

$450


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Variable Rate Home Loans Variable Rate Home Loans

The Mutual Bank offers a range of Variable Rate Home Loans, from the Budget Home Loan for money-savvy borrowers, to the Standard Variable Home Loan, suitable for home owners and investors looking for loads of features. Available to both owner occupiers and investors, the loans come with unlimited additional repayments and a free redraw facility. The Mutual Bank offers up to 95% LVR on some of its Variable Rate Home Loans, but just remember, as with any loan, anything over 80% requires Lenders Mortgage Insurance.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.38% p.a.

4.39% p.a.

$0.00

$150

3.98% p.a.

3.99% p.a.

$0.00

$150

4.58% p.a.

4.61% p.a.

$0.00

$450

4.18% p.a.

4.21% p.a.

$0.00

$450

4.93% p.a.

4.96% p.a.

$0.00

$450

4.53% p.a.

4.56% p.a.

$0.00

$450

5.18% p.a.

5.19% p.a.

$0.00

$150

4.78% p.a.

4.79% p.a.

$0.00

$150


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Fixed Package Home Loan Fixed Package Home Loan

The Mutual Bank’s Fixed Package Home Loan is a great pick for those looking to lock in a low rate home loan for up to 3 years. Available on loans starting from $150,000, the Package Loan has great discounts on insurance and your Mutual Bank credit card, and benefits including  having the fee on your Mutual Bank Loan Saver Account waived. All this does come with an annual fee of $395.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.09% p.a.

4.63% p.a.

$395.00 yearly

$150

3.74% p.a.

4.25% p.a.

$395.00 yearly

$150


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Variable Package Home Loan Variable Package Home Loan

If you have a home loan and an investment loan, you’ll be able to receive low rates for both when you bundle them with a Mutual Bank Variable Package Home Loan. Available on loans starting from $150,000, the Variable Package Loan has a bunch of great features, plus discounts and benefits including a 0.90% p.a. discount off the Fixed Rate Home Loan and discounts on your insurance, credit card and a fee waiver on your Mutual Bank Loan Saver.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

3.38% p.a.variable for 12 months and then 3.88% p.a.

4.24% p.a.

$395.00 yearly

$150

4.28% p.a.

4.68% p.a.

$395.00 yearly

$150

3.88% p.a.

4.29% p.a.

$395.00 yearly

$150


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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.

‡ 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 The Mutual Bank home loans rated?

Now that you’re caught up on the details of The Mutual Bank’s offers, head on over to our review page to see how real The Mutual Bank customers rated their home loan services.

The Mutual Bank home loans

Overall 9.0

Price

Features

Customer service

Convenience

Trust

2 Reviews

Recent The Mutual Bank home loan reviews Recent The Mutual Bank home loan reviews

The Mutual Bank

The Mutual Bank Home Loan review

Overall rating   10 / 10

Looking after local people locally

Just a community minded lot.

Full review

Just a community minded lot.

    Price   9 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Dale, New South Wales, reviewed about 4 years ago

The Mutual Bank

The Mutual Bank Home Loan review

Overall rating   8 / 10

Flexible and service is very personal

They are flexible and service is very personal. The loans manager we deal with knows us by name and always goes out of her way to helps with other loans, cards, accounts etc

Full review

They are flexible and service is very personal. The loans manager we deal with knows us by name and always goes out of her way to helps with other loans, cards, accounts etc

    Price   7 / 10

    Features   2 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   8 / 10

Less

Kylie, New South Wales, reviewed over 7 years ago

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