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Teachers Mutual Bank

Teachers Mutual Bank home loans

Teachers Mutual Bank was formed in 1966 as the Hornsby Teachers Association Credit Union. It officially changed its name to Teachers Mutual Bank in 2010.

The Teachers Mutual Bank serves employees who work in the education sector, and their families. As a mutual bank, every customer is a shareholder and has a say in how it is run.

Its range of financial service products includes home loans, savings accounts, personal loans, credit cards, and insurance services.

Teachers Mutual Bank Home Loan Calculator
Interested in an Teachers Mutual Bank home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Teachers Mutual Bank compares to its competitors. Simply plug in your borrowing amount below. 

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Content updated18 Oct, 2023
Product data updated

Important disclosure

Why choose Teachers Mutual Bank

Benefits

  • Flexible loan products.
  • Few ongoing fees.
  • Competitive interest rates.

Drawbacks

  • Limited to teachers or education employees and their families.

Teachers Mutual Bank Home Loans

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Australian Credit Licence 238981Fees & charges apply

8.39%

8.46%

$2,792

Your Way Standard Variable Home Loan
  • Owner Occupied
  • Variable
  • 2% min deposit
  • P&I

Australian Credit Licence 238981Fees & charges apply

Australian Credit Licence 238981Fees & charges apply

6.14%

6.44%

$2,285

Your Way Plus Variable Home Loan
  • Special
  • Owner Occupied
  • Variable
  • 40% min deposit
  • P&I

Australian Credit Licence 238981Fees & charges apply

Australian Credit Licence 238981Fees & charges apply

6.74%

6.81%

$2,416

Your Way Basic Variable Home Loan
  • Owner Occupied
  • Variable
  • 2% min deposit
  • P&I

Australian Credit Licence 238981Fees & charges apply

Australian Credit Licence 238981Fees & charges apply

6.09%

6.15%

$2,274

Your Way Fixed Home Loan
  • Owner Occupied
  • Fixed undefined year
  • 10% min deposit
  • P&I

Australian Credit Licence 238981Fees & charges apply

Australian Credit Licence 238981Fees & charges apply

6.09%

6.15%

$2,274

Your Way Fixed Home Loan
  • Owner Occupied
  • Fixed undefined year
  • 10% min deposit
  • P&I

Australian Credit Licence 238981Fees & charges apply

Home Loans calculator

Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.

$
130
25 years

Your estimated mortgage repayments

at interest rate 6.09%

Total interest payable

$0

Total loan repayments

$0

Teachers Mutual Bank customer service

Customers of the Teachers Mutual Bank can access their funds via the RediATM network of cash machines across Australia. Phone banking and online banking is available 24/7, while the customer call centre is open six days a week. The customer service team can also be reached via email.

  • Customer service centre (phone lines open six days a week)
  • Mobile lenders 
  • Online banking
  • Email
  • Branch (minimal branch network)

How to Apply

Teachers Mutual Bank customers can apply for a home loan through the website or by calling a customer service representative for assistance. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

  • Personal identification material.
  • Proof of income and other earnings.
  • Proof and type of employment.
  • Details of current loans, debts and liabilities.
  • Personal insurance documents.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.