Minimum $1,000
Budget Home Loan
If you're looking for a low cost home loan, our award-winning Budget Home Loan is for you.
Enjoy a low, variable interest rate for your owner occupied or investment property with no application fee and no monthly service fee.
We win the awards so you can enjoy the rewards. Enquire online and our lending team will be in touch.
| Product | Interest Rate | Comparison Rate |
| Special Variable Rate LVR ≤80% | 5.89% p.a. | 5.89% p.a. |
| Variable Rate | 7.08% p.a. | 7.08% p.a. |
| Product | Interest Rate | Comparison Rate |
| Special Variable Rate LVR ≤80% | 6.09% p.a. | 6.09% p.a. |
| Variable Rate | 7.48% p.a. | 7.48% p.a. |
Product Features:
Home Loans |
|
|---|---|
| Interest : | Calculated daily, charged monthly |
| Minimum Amount : | $100,000 |
| Loan Term : | Up to 30 years |
| Repayments : | Weekly, fortnightly or monthly |
| Additional Repayments : | Yes |
| Annual Fee : | $0 |
| Application Fee : | No |
| 100% Offset Account : | No |
| Principal and Interest Loan : | Yes |
| Interest Only Loan : | No |
| Variable Interest Rate Option : | Yes |
| 1, 2 & 3 Year Fixed Rate Options : | No |
| 100% Offset Monthly Fee : | N/A |
| Mutual Visa Credit Card Annual Fee : | $49 |
| Mutual Visa Credit Card Discounts : | N/A |
| Switching Fee : | $300 |
| Rollover Fee : | $200 |
| Personal/Car Loans : | $200 |
| Redraw Facility : | Yes, minimum redraw is $1,000 |
| Valuation Fee : | $250 per new loan application |
Things to note...
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Important Information
The Mozo Experts Choice Low Cost Home Loan award and Rate City Best Refinance Home Loan award were awarded to The Mutual Bank’s Budget Home Loan Special Variable Rate for new, owner-occupied loans with ≤80% LVR and Principal and Interest repayments.
