G&C Mutual Bank Basic Variable Home Loan

The Basic Variable home loan from G&C Mutual Bank is a low deposit loan for home buyers and investors.

G&C Mutual Bank's Basic Variable loan is available with a low deposit and allows you to make extra repayments and redraw them.

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Review by


Richard Whitten is a senior writer at Finder, and has been covering home loans and the property market in Australia for the last 4 years. He has written for Yahoo Finance, Money Magazine and Homely, as well as multiple banks and lenders. Richard has a Certificate IV in Finance and Mortgage Broking, a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communication. He enjoys helping people understand the ins and outs of mortgages so they can make smarter property decisions. Richard trained as a high school teacher but found it easier to manage personal finances than a classroom full of kids. Before joining Finder, he edited textbooks and taught English in South Korea.

Expert review

As a basic home loan, this mortgage has no offset account. But otherwise it's a flexible loan that lets you redraw extra repayments (with a fee). The loan's interest rates are a little higher than a lot of comparable home loans on the market, but it does let you borrow 95% of your property's value (90% for investors). And for borrowers with small deposits, that's the most important factor to consider.

About this loan

What are the features and benefits of the G&C Mutual Bank Basic Variable home loan?

  • Deposit size. This is a low deposit home loan. You can borrow up to 95% of your property's value with this loan. Keep in mind that if your deposit is under 20% you will have to pay lenders mortgage insurance.
  • Loan amount. To get this loan you need to borrow a minimum amount of $100,000. There is no maximum loan amount.
  • Fees. This loan has legal and valuation fees. The application fee is currently waived.

How to apply

To apply for this home loan or learn more about it, click the green button and follow the steps to speak to a mortgage specialist from G&C Mutual Bank. They'll explain any eligibility requirements and help you get started with your application.

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