Teachers Mutual Bank Home Loan Interest Rates, Calculator & Reviews - Best Find

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Deposit percentage

Loan term (years)

Interest rate type

Repayment frequency

Features

State availability

Home loan type

Home loan provider

Teachers Mutual Bank Home Loans

Standard Variable Investment Loan

Victoria Teachers Mutual Bank's Standard Variable Investment Loan offers a low rate Variable home loan with rates from 5.14%

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 80%

Minimum loan amount$10,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Advertised rate5.09%

Comparison rate5.14%

Repayments & Redraws

Monthly repayments (approx)$1,478

Total repayments (approx)$443,445

Total interest (approx)$693,445

Redraw facility Yes

Redraw fee $0

Minimum redraw amount TBA

Offset facility Yes

Extra repayments allowed? Yes

Extra repayment fees TBA

Extra repayments restrictions TBA

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $600

Legal fee $0

Valuation fee $0

Settlement fee $0

Discharge fee $350

Regular or monthly fee

Loan Availability

InvestmentYes

First home buyersYes

Owner occupierNo

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

Other

SponsoredNo

Data accurate as of20/04/2017

Comparison warning Monthly repayments, total repayment amount and comparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. WARNING: This Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different Comparison rate.

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Standard Variable Investment Loan

Victoria Teachers Mutual Bank's Standard Variable Investment Loan offers a low rate Variable home loan with rates from 5.34%

Home Loan Overview

Maximum LVR 95%

Maximum insured LVR 95%

Minimum loan amount$10,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Advertised rate5.29%

Comparison rate5.34%

Repayments & Redraws

Monthly repayments (approx)$1,507

Total repayments (approx)$452,289

Total interest (approx)$702,289

Redraw facility Yes

Redraw fee $0

Minimum redraw amount TBA

Offset facility Yes

Extra repayments allowed? Yes

Extra repayment fees TBA

Extra repayments restrictions TBA

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $600

Legal fee $0

Valuation fee $0

Settlement fee $0

Discharge fee $350

Regular or monthly fee

Loan Availability

InvestmentYes

First home buyersYes

Owner occupierNo

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

Other

SponsoredNo

Data accurate as of20/04/2017

Comparison warning Monthly repayments, total repayment amount and comparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. WARNING: This Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different Comparison rate.

Hide info ˄

Standard Variable Home Loan

Victoria Teachers Mutual Bank's Standard Variable Home Loan offers a low rate Variable home loan with rates from 4.74%

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 80%

Minimum loan amount$10,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Advertised rate4.69%

Comparison rate4.74%

Repayments & Redraws

Monthly repayments (approx)$1,420

Total repayments (approx)$426,024

Total interest (approx)$676,024

Redraw facility Yes

Redraw fee $0

Minimum redraw amount TBA

Offset facility Yes

Extra repayments allowed? Yes

Extra repayment fees TBA

Extra repayments restrictions TBA

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $600

Legal fee $0

Valuation fee $0

Settlement fee $0

Discharge fee $350

Regular or monthly fee

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

Other

SponsoredNo

Data accurate as of20/04/2017

Comparison warning Monthly repayments, total repayment amount and comparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. WARNING: This Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different Comparison rate.

Hide info ˄

Standard Variable Home Loan

Victoria Teachers Mutual Bank's Standard Variable Home Loan offers a low rate Variable home loan with rates from 4.94%

Home Loan Overview

Maximum LVR 95%

Maximum insured LVR 95%

Minimum loan amount$10,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Advertised rate4.89%

Comparison rate4.94%

Repayments & Redraws

Monthly repayments (approx)$1,448

Total repayments (approx)$434,691

Total interest (approx)$684,691

Redraw facility Yes

Redraw fee $0

Minimum redraw amount TBA

Offset facility Yes

Extra repayments allowed? Yes

Extra repayment fees TBA

Extra repayments restrictions TBA

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $600

Legal fee $0

Valuation fee $0

Settlement fee $0

Discharge fee $350

Regular or monthly fee

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

Other

SponsoredNo

Data accurate as of20/04/2017

Comparison warning Monthly repayments, total repayment amount and comparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. WARNING: This Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different Comparison rate.

Hide info ˄

Flexi Choice Investment Loan

Teachers Mutual Bank's Flexi Choice Investment Loan offers a low rate Variable home loan with rates from 5.31%

Home Loan Overview

Maximum LVR 90%

Maximum insured LVR 90%

Minimum loan amount$25,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Advertised rate5.26%

Comparison rate5.31%

Repayments & Redraws

Monthly repayments (approx)$1,504

Total repayments (approx)$451,227

Total interest (approx)$701,227

Redraw facility Yes

Redraw fee $0

Minimum redraw amount TBA

Offset facility Yes

Extra repayments allowed? Yes

Extra repayment fees TBA

Extra repayments restrictions TBA

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $600

Legal fee $0

Valuation fee $0

Settlement fee $150

Discharge fee $75

Regular or monthly fee

Loan Availability

InvestmentYes

First home buyersYes

Owner occupierNo

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

Other

SponsoredNo

Data accurate as of20/04/2017

Comparison warning Monthly repayments, total repayment amount and comparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. WARNING: This Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different Comparison rate.

Hide info ˄

Flexi Choice Home Loan

Teachers Mutual Bank's Flexi Choice Home Loan offers a low rate Variable home loan with rates from 5.31%

Home Loan Overview

Maximum LVR 95%

Maximum insured LVR 95%

Minimum loan amount$25,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Advertised rate5.26%

Comparison rate5.31%

Repayments & Redraws

Monthly repayments (approx)$1,504

Total repayments (approx)$451,227

Total interest (approx)$701,227

Redraw facility Yes

Redraw fee $0

Minimum redraw amount TBA

Offset facility Yes

Extra repayments allowed? Yes

Extra repayment fees TBA

Extra repayments restrictions TBA

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $600

Legal fee $0

Valuation fee $0

Settlement fee $150

Discharge fee $75

Regular or monthly fee

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

Other

SponsoredNo

Data accurate as of20/04/2017

Comparison warning Monthly repayments, total repayment amount and comparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. WARNING: This Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different Comparison rate.

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Teachers Mutual Bank
3.94%
3.99%
$1,315.26
$600

Expand info ˅

Classic Home Loan

Teachers Mutual Bank's Classic Home Loan offers a low rate Variable home loan with rates from 3.99%

Home Loan Overview

Maximum LVR 85%

Maximum insured LVR 85%

Minimum loan amount$150,000

Maximum loan amount$1,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Advertised rate3.94%

Comparison rate3.99%

Repayments & Redraws

Monthly repayments (approx)$1,315

Total repayments (approx)$394,578

Total interest (approx)$644,578

Redraw facility No

Redraw fee N/A

Minimum redraw amount Not available

Offset facility No

Extra repayments allowed? TBA

Extra repayment fees TBA

Extra repayments restrictions TBA

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $600

Legal fee $0

Valuation fee $0

Settlement fee $150

Discharge fee $75

Regular or monthly fee

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

Other

SponsoredNo

Data accurate as of20/04/2017

Comparison warning Monthly repayments, total repayment amount and comparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. WARNING: This Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different Comparison rate.

Hide info ˄

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Compare 100s of home loans

Did you know you can compare 100s of mortgages? Review, calculate interest rate repayments, apply online and save by visiting our main home loans comparison page.

Compare and review Teachers Mutual Bank home loans

Looking to finance a new home? When comparing Teachers Mutual Bank home loans, there are other key facts to consider and understand, other than just Teachers Mutual Bank’s interest rates.

What home loan options does Teachers Mutual Bank offer?

Teachers Mutual Bank has 3 home loan products:

  • Teachers Mutual Bank Flexi Choice Investment Loan
  • Teachers Mutual Bank Flexi Choice Home Loan
  • Teachers Mutual Bank Classic Home Loan

View the above table for detailed product information and a comparison of the interest rates, fees and features.

You can also review and compare Teachers Mutual Bank personal loansTeachers Mutual Bank car loan and Teachers Mutual Bank credit cards.

Do you have a Teachers Mutual Bank home loans calculator?

Yes. Use the filter to adjust your loan amount and term to calculate your approximate monthly repayments. When you apply the filter, you will see a breakdown of your approximate monthly repayments as well as the total amount of interest and fees paid.

For a more accurate quote, contact Teachers Mutual Bank directly.

How to apply for a Teachers Mutual Bank home loan?

If you’d like to apply online for a Teachers Mutual Bank home loan, just scroll up and click on “Learn more” to be taken to Teachers Mutual Bank’s secure online application form. Before you apply, be sure to learn about Teachers Mutual Bank’s loan products, fees and eligibility criteria. Give yourself around 30-60 minutes to complete the home loan application.

Teachers Mutual Bank’s home loan eligibility criteria

Before you apply for a home loan, be sure to understand and meet the Teachers Mutual Bank’s lending criteria. Below is high-level overview of Teachers Mutual Bank’s criteria:

Teachers Mutual Bank’s minimum requirements for a home loan

  • Minimum age of 18
  • You have a decent credit history
  • You’re a permanent Australian resident or valid work visa holder (457 or other diplomatic visas)
  • Regular source of income
  • A sufficient deposit

Financial Information you’ll need to provide

Whether at the Teachers Mutual Bank branch or online, you will need to show your finances in order for the bank to establish your home loan borrowing capacity:

  • Proof of income, at least 3 months of payslips and/or rental income (if applicable)
  • Tax returns not older than 18 months and an ATO Notice of assessment Personal
  • Proof of ID (Driver License or ID card) passport, contact information and address
  • A list of your expenses, assets and liabilities (such as other loans or credit cards)
  • Any equity or deposit or existing property you already own to support and secure your loan

Have rental income?

If you also have rental income, please provide one of the following:

  • A formal signed lease (either current or new)
  • Most recent rental statement
  • Rental credits to your account for the past 3 months

If you’re self-employed, you will also need to provide:

  • Financial statements for the last year (no older than 18 months)
  • Your most recent personal/business tax return (no older than 18 months)

Other things to keeping mind when applying

  • Approval time can take up to two weeks.
  • It’s advantageous to have a good credit history. For example, you have no recent defaults and no frequent requests for credit
  • Credit cards with large credit limits are viewed as liabilities, even if there’s nothing owing. If you have existing liabilities, be certain you can pay them off and close unnecessary credit cards

There are many additional factors Teachers Mutual Bank consider when accessing your application, but the above are the most important. If you feel like you may not meet their eligibility criteria, it may be best to save a little while longer!

Additional Teachers Mutual Bank home loan information

Teachers Mutual Bank’s minimum and maximum home loan amounts and terms

How much can you borrow? Between $25,000 and $100,000,000, over terms between 1 year and 30 years. Use our filter as a repayment calculator to see your estimated monthly repayments and rates.

Repayment schedule

Teachers Mutual Bank allow weekly, fortnightly or monthly repayment.

Extra repayment or early penalties

Teachers Mutual Bank allows you to make additional or early repayments. There are fees associated with completely repaying your loan off early. View their terms and conditions to learn more about early termination.

Refinancing

If you want to refinance your home loan and you’re not with Teachers Mutual Bank, you will need to provide:

  • Mortgage statements for the last 3 months
  • A current payout quote for any loans you plan to refinance, including all current fees and charges and any early repayment costs or exit fees

Details about your property purchase or construction

You’ll need to provide Teachers Mutual Bank with some information about the property you’re buying or building. This may be required before Teachers Mutual Bank can finalise your mortgage offer.

If you’re buying:

  • Signed Contract of Sale
  • Copy of Transfer of Land
  • Proof of Property Insurance

If you’re building:

  • Council approved building plans, specifications or Building Permit
  • Fixed Price Builders Contract

Insurance documents

Please bring any documents that can provide information about your current insurance policies, including:

  • Home and contents insurance
  • Investment property insurance
  • Income protection
  • Life insurance
  • Total and permanent disablement cover
  • Trauma cover