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
$3,188
based on $500,000 loan amount for 25 years at 5.89%
Calculate your repayments for this loan
Your estimated repayment
$3,188
based on $500,000 loan amount for 25 years at 5.89%
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
The Mutual Bank Variable Rate Home loan overview
For Budget Home Loan Special (Principal & Interest) (LVR < 80%)
Details
Maximum LVR 80% | Total Repayments $956,391 |
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 |
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FAQs
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