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First Home Buyer Package Home Loan

Our specialist lending team are here to help, with the introduction of our First Home Buyer Package Home Loan and the addition of government support schemes we will assist you every step of the way, from the initial loan application meeting to collecting the keys of your first home with professional, personalised and seamless service.

  • 1.65% p.a. discount on the Standard Variable Home Loan Interest Rate for the life of the loan
  • Annual Package fee waived for the first year
  • FREE initial property valuation
  • 100% Offset Account with no account keeping fee
  • FREE Redraw 
Key Features
Interest Rate

1.65%p.a. discount on Standard Variable Rate Home Loan

Minimum Amount $150,000
Maximum Amount No Maximum
Interest Calculated daily, charged monthly
Loan Term Up to 30 years
Repayments Monthly, fortnightly or weekly
Additional Repayments Yes (or up to $20,000 during the fixed term)
Fee-Free Loan Saver Account Yes
Credit Card Discounts 1.00%p.a. discount on purchases interest rate
Redraw Facility Yes, via Internet Banking
General Insurance Discounts Yes
Annual Fee $395 (payable on the first anniversary of settlement)

First Home Loan Deposit Scheme

The Mutual Bank is one of a limited number of lenders appointed by the National Housing Finance and Investment Corporation (NHFIC) to offer the First Home Loan Deposit Scheme (FHLDS), from 1 February 2020. The Scheme allows first time buyers to pay as little as 5% deposit while avoiding Lenders Mortgage Insurance (LMI). We are proud to be helping first home buyers achieve the 'Great Australian Dream' of home ownership.

Click Here for more information on this Scheme


If you have any questions, please contact us 

*Comparison rate is based on a loan of $150,000 over 25 years. WARNING:  This comparison rate is true only for the examples given and may not include all fees and charges.  Different terms, fees or other loan amounts might result in a different comparison rate. Eligibility criteria, conditions, fees and charges apply to all loans. Full terms and conditions are available on application.