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Our great home loan rate is just the beginning...

1.89% pa1
fixed interest rate

2.82% pa2
comparison rate

  • Minimum borrowing amount $100,000
  • Assistance with applying for the First Home Owner Grant
  • Complimentary Financial Planning assessment
  • Family Support Option3
  • Redraw facility
  • Valuation fee waived (up to $500)
  • Establishment fee waived ($250)
  • Competitive rates & features4

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Special Offer First Home Buyer 2 Year Fixed Rate (Owner Occupied)
Interest Rates
Variable interest rate2.97% pa
Fixed interest rate term (years)2 5
Fixed interest rate1.89% pa1
Comparison rate2.82% pa2
Fees
Establishment fee$0 6
Valuation fees included within establishment fee?No 
Annual fee$0 
Monthly fee$0 
Fixed rate loan break feeYes 7
Features
Redraw facilityYes 8
Offset accountNo 
Additional repayments acceptedYes 9
Simulator Defaults
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 First Home Buyers 2 Year Fixed Rate Special Offer is applicable to loan applications received on or after 16 November 2020 and is subject to change without notice. New money only with a minimum borrowing amount of $100,000. Offer available for a limited time only and may be withdrawn once portfolio is met.

2 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.

3 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.

4 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.

5 At the end of the fixed period the rate reverts to the Owner Occupied Standard Variable rate.

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

7 A break cost fee applies to fixed rate loans, please refer to our Fees & Charges and Transaction Limits Schedule for further details.

8 You must be at least one month's repayment in advance to obtain a redraw.

9 Advanced payments allowable up to $20,000 during the fixed period.