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A Home Loan that keeps things simple and saves you money with a lower interest rate

2.87% pa
variable interest rate

2.93% pa1
comparison rate

  • Owner Occupied
  • No Annual Fee
  • Family Support Option2
  • Free redraw facility
  • Competitive rate and features3

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Owner Occupied Variable Basic Rate
Interest Rates
Variable interest rate2.87% pa
Comparison rate2.93% pa1
Fees
Establishment fee$250 4
Valuation fees included within establishment fee?No 
Annual fee$0 
Monthly fee$0 
Features
Redraw facilityYes 5
Offset accountNo 
Additional repayments acceptedYes 
Simulator Defaults
Minimum loan amount$20,000 
Maximum loan amount$5,000,000 
Maximum % amount of property value with mortgage insurance95%
Maximum % amount of property value80%
Maximum % amount of land only70%
Calculation Options
Level repaymentsNo 
Enable interest capitalisation optionNo 


 

1 This comparison rate is based on a $150,000 loan over a term of 25 years. WARNING This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. All loan applications are subject to Australian Mutual Bank Ltd normal lending criteria. Fees and charges, terms and conditions apply.

2 Family Support is available for borrowers, especially first home buyers with no deposit, who have an immediate family member that is willing and able to offer security, e.g. their own property, as Guarantor on the loan to secure a portion of the loan. The Guarantor's financial position should be such that they are able to meet their obligations under the guarantee. Non-Resident guarantors are not eligible.

3 Request a Home Loan Key Facts Sheet. All applications are subject to Australian Mutual Bank Ltd normal lending criteria. Fees and charges, terms and conditions apply.

4 Does not include Lender's Mortgage Insurance, 3rd party and government fees such as registration fees, stamp duty, etc.

5 You must be at least one months repayment in advance plus $2000 to obtain a redraw