Important disclosure
Budget Home Loan
Interest Rate
5.89%
p.a
Comparison Rate*
5.89%
p.a
5.89%
p.a
5.89%
p.a
$0
based on $500,000 loan amount for 25 years at 5.89%
Budget Home Loan
Find your ideal home loan from one of the 2 home loans from The Mutual Bank
Principal and Interest (P&I)
| Loan type | Loan to value ratio | Interest rate | Comparison rate | |
|---|---|---|---|---|
Variable | Up to 80% | 5.89% p.a. | 5.89% p.a. | Product Info |
Variable | Up to 90% | 7.08% p.a. | 7.08% p.a. | Product Info |
Interest only
| Loan type | Loan to value ratio | Interest rate | Comparison rate |
|---|
The Mutual Bank Variable Rate Home loan overview
For Budget Home Loan Special (Principal & Interest) (LVR < 80%)
Details
Maximum LVR 80% | Total Repayments |
Interest rate type Variable | Borrowing range
$100k
-
$750k
|
Suitable for Owner Occupiers | Loan term range 1 - 30 years |
Repayment type Principal and Interest | Applicable states ACT, NSW, QLD, VIC |
Target Market Determination Visit The Mutual Bank to view Target Market Determination. |
Features
Extra repayments Unlimited | Redraw facility Redraw fee: $0 |
Offset account | Split interest facility |
Loan portability | Repayment holiday available |
Allow guarantors | Available for first home buyers |
Other benefits |
Fees
Total estimated upfront fees $150 | Application fee $0 |
Legal fee $0 | Valuation fee $0 |
Settlement fee $150 | Other upfront fee $0 |
Ongoing fee $0 | Discharge fee $200 |
Pros and cons
For Budget Home Loan Special (Principal & Interest) (LVR < 80%)
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Extra repayments and redraw facility
- Free redraw facility
Drawbacks
- No offset account
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
Promoted home loans
Promoted
Fixed Rate Home Loans
5.69%
p.a
6.16%
p.a
Australian Credit Licence 395219Fees & charges apply
Promoted
Fixed Options Home Loan
6.19%
p.a
8.16%
p.a
Promoted
First Home Loan
5.59%
p.a
5.85%
p.a
FAQs
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