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Simplicity and flexibility in a home loan
Looking for a home loan that’s easy to manage and fits your needs? Our Standard Home Loan is designed for borrowers who want a simple, adaptable solution without the extra costs.
Enjoy a competitive interest rate, no annual fee, and useful features like an optional offset account and redraw facility. Whether you're buying your first home, upgrading or investing, this loan gives you the flexibility to stay in control.
Product Features:
Home Loans |
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Interest : | Calculated daily, charged monthly |
Minimum Amount : | $20,000 |
Loan Term : | Up to 30 years |
Repayments : | Weekly, fortnightly or monthly |
Additional Repayments : | Unlimited on Variable Rate Home Loans with no additional cost. Up to $20,000 permitted during a Fixed Rate term without penalty. |
100% Offset Account : | Yes, for variable interest rate only. |
Principal and Interest Loan : | Yes |
Interest Only Loan : | Yes (investment purposes only) |
Variable Interest Rate Option : | Yes |
Fixed Interest Rate Options : | Yes |
Redraw Facility : | Yes, minimum redraw is $1,000 |
Split Loan : | Yes |
Owner occupied rates
Product | Interest Rate | Comparison Rate |
Principal & Interest Repayments | ||
Variable Rate | 8.13% p.a. | 8.16% p.a. |
1 Year Fixed Rate | 5.79% p.a. | 7.90% p.a. |
2 Year Fixed Rate | 5.59% p.a. | 7.63% p.a. |
3 Year Fixed Rate | 5.59% p.a. | 7.40% p.a. |
Investment Rates
Product | Interest Rate | Comparison Rate |
Principal & Interest Repayments | ||
Variable Rate | 8.53% p.a. | 8.56% p.a. |
1 Year Fixed Rate | 5.99% p.a. | 8.27% p.a. |
2 Year Fixed Rate | 5.74% p.a. | 7.97% p.a. |
3 Year Fixed Rate | 5.69% p.a. | 7.71% p.a. |
Interest Only Repayments | ||
Variable Rate (1 - 5 year terms available) | 8.53% p.a. | 8.55% p.a. |
1 Year Fixed Rate | 5.99% p.a. | 8.27% p.a. |
2 Year Fixed Rate | 5.74% p.a. | 7.98% p.a. |
3 Year Fixed Rate | 5.69% p.a. | 7.72% p.a. |
Fees
Fees | Charges |
Annual Fee | $0 |
Application Fee | $300 |
Offset Account | $7.50 per month |
Document or Information | View or Download |
Fees, charges and limits | Learn more → |
Target market determinations | Learn more → |
Interest rates | Learn more → |
Home Loan Key Fact Sheets | Learn more → |
Important documents | Learn more → |
Compare all home loan accounts | Compare now → |
You're gonna love us
The Mutual Bank has been supporting regional communities with trusted banking for over 135 years
We’re proudly customer owned, which means we exist to benefit you. Not external shareholders. Whether you're opening your first account or planning for the future, we’re here with genuine service, great-value products and the kind of care only a mutual can offer.
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View and compare our Home Loans