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.
Rate for new, owner-occupied, LVR ≤80% and P&I repayment loans only
No application fee
No monthly fee
Free redraw*
Additional repayments permitted
(with no additional cost)
Find out more
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, permitted with no additional cost |
| Annual Fee : | $0 |
| Application Fee : | No |
| 100% Offset Account : | No |
| Principal and Interest Loan : | Yes |
| Interest Only Loan : | No |
| Variable Interest Rate Option : | Yes |
| Fixed Interest Rate Options : | No |
| Switching Fee : | $300 |
| Rollover Fee : | $200 |
| Redraw Facility : | Yes, minimum redraw is $1,000 |
Owner occupied rates
| Product | Interest Rate | Comparison Rate |
| Special Variable Rate LVR ≤80% | 5.74% p.a. | 5.74% p.a. |
| Variable Rate | 6.83% p.a. | 6.83% p.a. |
Investment rates
| Product | Interest Rate | Comparison Rate |
| Special Variable Rate LVR ≤80% | 5.99% p.a. | 5.99% p.a. |
| Variable Rate | 7.23% p.a. | 7.23% p.a. |
View product Target Market Determinations
View home loan Key Fact Sheets
Protect your home with CGU Home and Contents Insurance
Home loan calculators
Want to explore the numbers? Estimate your loan repayments, borrowing power and more with our range of helpful calculators.
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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.
Maitland Mutual Limited trading as The Mutual Bank ABN 94 087 651 983 acts under its own AFSL and under an agreement with the insurer Insurance Australia Limited ABN 11 000 016 722 trading as CGU Insurance. Any advice is general only and does not take into account your personal circumstances. Consider the Product Disclosure Statement (PDS) and Target Market Determinations (TMDs) available in branch or from the CGU website here to see if the product is right for you.
If you purchase an insurance policy, The Mutual Bank will receive a commission.
* Minimum $1,000.
