Low rate first home buyer loan

Low rate first home buyer loan

Attention: open in a new window. Print

First Home Buyer 40-year term

Variable Interest Rate
3.22% pa1

Comparison Rate
3.25% pa2

What will my repayments be?

  • Ability to borrow up to 95% without requiring lenders mortgage insurance via the First Home Loan Deposit Scheme3
  • Valuation fee waived (up to $500)
  • Establishment fee waived ($250)
  • Family Support Option 4
  • Redraw Facility5

Why Choose Sydney Mutual Bank

  • We've been around for over 55 years. We're safe and secure, with a network of 25 branches where you’ll receive a warm welcome from people who are more generous with their time.
  • We’re not like the big banks. We are customer owned and by putting you first, our investment is in you without the conflict of interest between customers and shareholders.
  • We are not behind big banks in terms of facilities. We have Internet Banking, Mobile Banking App, Apple & Google Pay and an Australia-based call centre.
  • Nicole

    Edgewater WA

    Sydney Mutual Bank helped us secure our first dream home in Perth, Western Australia. Their outstanding customer service, care and guidance made the whole process of us securing our first home a smooth ride. What is even more commendable is that all of this was done from over the east with no problems. Importantly their low interest rates beats the competitors by a huge margin and we have no doubt in saying we will stay with Sydney Mutual Bank for all our banking and highly recommend this Mutual Bank to everyone in Australia.

    Nicole securing our first home

  • Jason

    Matraville NSW

    My family have been members of Sydney Mutual Bank for over a decade. We’re a pretty busy family, so dealing remotely and outside of normal hours which can often be a challenge is never a problem with the team at Sydney Mutual bank. In particular, the setup and ongoing management of our complex mortgage loan requirements have been a positive experience via Sydney Mutual Bank’s highly capable mobile specialists and support team behind the scenes. I have no hesitation in often recommending Sydney Mutual Bank to friends, colleagues and family.

    Jason complex mortgage loan requirements

  • Greg

    Richmond NSW

    As a long standing member of over 40 years with the Sydney Mutual Bank they have provided me with outstanding customer service and now that my family are also part of the Sydney Mutual Bank they have continued to receive the same efficiencies and personalised service that I have experienced over the 40 years. 

    We have no hesitation in recommending the Sydney Mutual Bank for all their banking facilities, services and friendly staff.

    Greg banking facilities