Home Loan Rates | The Mutual Bank

Scheduled payments for 25 and 27 December 2025 will be processed in advance on Wednesday 24 December 2025.

Scheduled payments for Thursday 1 January 2026, will be processed in advance on Wednesday 31 December 2025.

Budget Home Loan

Effective Date: 21 October 2025

Owner Occupied Rates
Investment Rates

Product	Interest Rate	Comparison Rate
Special Variable Rate LVR ≤80%	5.19% p.a.	5.19% p.a.
Variable Rate	6.33% p.a.	6.33% p.a.

Product	Interest Rate	Comparison Rate
Special Variable Rate LVR ≤80%	5.69% p.a.	5.69% p.a.
Variable Rate	6.73% p.a.	6.73% p.a.

Package Home Loan

Effective Date: 21 October 2025

Product	Interest Rate	Comparison Rate
Principal & Interest Repayments
Variable Rate	6.98% p.a.	7.34% p.a.
1 Year Fixed Rate	5.44% p.a.	7.17% p.a.
2 Year Fixed Rate	4.94% p.a.	6.93% p.a.
3 Year Fixed Rate	4.94% p.a.	6.75% p.a.

Product	Interest Rate	Comparison Rate
Principal & Interest Repayments
Variable Rate	7.38% p.a.	7.73% p.a.
1 Year Fixed Rate	5.54% p.a.	7.53% p.a.
2 Year Fixed Rate	5.04% p.a.	7.26% p.a.
3 Year Fixed Rate	5.04% p.a.	7.05% p.a.
Interest Only Repayments
Variable (1-5 year terms available)	7.38% p.a.	7.71% p.a.
1 Year Fixed Rate	5.54% p.a.	7.53% p.a.
2 Year Fixed Rate	5.04% p.a.	7.25% p.a.
3 Year Fixed Rate	5.04% p.a.	7.05% p.a.

Product	Interest Rate	Comparison Rate
Owner Occupied, Principal & Interest Repayments
Variable Rate	6.23% p.a.	6.60% p.a.
1 Year Fixed Rate	5.44% p.a.	6.51% p.a.
2 Year Fixed Rate	4.94% p.a.	6.34% p.a.
3 Year Fixed Rate	4.94% p.a.	6.23% p.a.

Standard Home Loan

Effective Date: 21 October 2025

Owner Occupied Rates
Investment Rates

Product	Interest Rate	Comparison Rate
Principal & Interest Repayments
Variable Rate	7.88% p.a.	7.91% p.a.
1 Year Fixed Rate	5.54% p.a.	7.65% p.a.
2 Year Fixed Rate	5.04% p.a.	7.32% p.a.
3 Year Fixed Rate	5.04% p.a.	7.08% p.a.

Product	Interest Rate	Comparison Rate
Principal & Interest Repayments
Variable Rate	8.28% p.a.	8.31% p.a.
1 Year Fixed Rate	5.64% p.a.	8.01% p.a.
2 Year Fixed Rate	5.14% p.a.	7.65% p.a.
3 Year Fixed Rate	5.14% p.a.	7.38% p.a.
Interest Only Repayments
Variable (1-5 year terms available)	8.28% p.a.	8.30% p.a.
1 Year Fixed Rate	5.64% p.a.	8.01% p.a.
2 Year Fixed Rate	5.14% p.a.	7.66% p.a.
3 Year Fixed Rate	5.14% p.a.	7.40% p.a.

Express Credit Facility

Effective Date: 21 October 2025

Product	Interest Rate
Owner Occupied Rate	7.89% p.a.
Investment Rate	7.89% p.a.

Important Information

¹
First Home Buyer Special Offer: Rate includes a discount margin off the applicable Owner Occupied Budget Home Loan Variable Rate. Margin and rate subject to change. Offer is available to First Home Buyers for new loans with a minimum amount of $500,000 with a LVR up to 95%. Offer may be withdrawn at any time. Non-First Home Buyers Special Offer: Rate includes a discount margin off the applicable Owner Occupied Budget Home Loan Variable Rate. Margin and rate subject to change. Rate only available for new loans to The Mutual Bank with minimum new loan amount of $100,000 and maximum LVR of 80%. Offer may be withdrawn at any time.
² Comparison rate calculated on a loan amount of $150,000 over a term of 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.
³ Rate only available for new owner-occupied loans to The Mutual Bank with minimum new loan amount of $100,000.
⁴
First Home Buyer Special Offer: Rate includes a discount margin off the applicable Investment Budget Home Loan Variable Rate. Margin and rate subject to change. Offer is available to First Home Buyers for new loans with a minimum amount of $500,000 with a LVR up to 90%. Offer may be withdrawn at any time. Non-First Home Buyers Special Offer: Rate includes a discount margin off the applicable Investment Budget Home Loan Variable Rate. Margin and rate subject to change. Rate only available for new loans to The Mutual Bank with minimum new loan amount of $100,000 and maximum LVR of 80%. Offer may be withdrawn at any time.
⁵ Rate only available for new investment loans to The Mutual Bank with minimum new loan amount of $100,000.
⁶
Rates only available for new loans with a minimum loan amount of $150,000 and for the relevant product purpose. Annual Package fee of $395 payable. Offer can be withdrawn at any time.
⁷ Comparison rate calculated on a loan amount of $150,000 over a term of 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. For variable rate interest-only loans, the comparison rate calculation is based on an initial 5-year interest-only term. For fixed rate interest-only loans, the comparison rate calculations are based on an initial interest-only term equal to the fixed rate term.
⁸
Rate only available for new loans with a minimum loan amount of $150,000, for the relevant fixed period and product purpose. Annual Package fee of $395 payable. Offer can be withdrawn at any time. On expiry of the fixed rate period the rate will revert to the relevant Standard Home Loan Variable Rate minus the contracted margin.
⁹
Rates only available for new loans with a minimum loan amount of $20,000 and for the relevant product purpose. Offer can be withdrawn at any time.
¹⁰
Rate only available for new loans with a minimum loan amount of $20,000, for the relevant fixed rate period and product purpose. On expiry of the fixed rate period the rate will revert to the relevant Standard Home Loan Variable Rate minus the contracted margin if applicable.