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Australian Mutual Bank home loans

Australian Mutual Bank has home loan rates starting from 5.74%.

Australian Mutual Bank is a mutual bank. Australian Mutual Bank offers a range of home loans for Australian borrowers. Check out the full table of Australian Mutual Bank products below or read more about the lender.

Compare Australian Mutual Bank home loans for July 2024

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Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Australian Mutual Bank logo
Finder AwardPrincipal & InterestInterest only 2Y Fixed5% min. depositOwner-occupier
Australian Mutual Bank logo
Finder AwardPrincipal & InterestInterest only 2Y Fixed5% min. depositOwner-occupier
Product NameAustralian Mutual Bank Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest Interest Only
Interest Rate p.a.5.74%
Comp. Rate p.a.6.37%
Minimum Loan Amount$0
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Interest Rate
5.74%
Comparison Rate
6.37%
Fees
Application: $250
Ongoing: $0 p.a.
Monthly Payment
$876
Australian Mutual Bank logo
Principal & Interest10% min. depositOwner-occupierOffset account
Australian Mutual Bank logo
Principal & Interest10% min. depositOwner-occupierOffset account
Product NameAustralian Mutual Bank GumLeaf Basic Variable
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.04%
Comp. Rate p.a.6.11%
Minimum Loan Amount$50,000
Maximum Loan Amount N/A
Maximum Loan Term40 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Interest Rate
6.04%
Comparison Rate
6.11%
Fees
Application: $250
Ongoing: $0 p.a.
Monthly Payment
$905
Australian Mutual Bank logo
Principal & Interest 2Y Fixed5% min. depositInvestment
Australian Mutual Bank logo
Principal & Interest 2Y Fixed5% min. depositInvestment
Product NameAustralian Mutual Bank Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.04%
Comp. Rate p.a.6.83%
Minimum Loan Amount$0
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Interest Rate
6.04%
Comparison Rate
6.83%
Fees
Application: $250
Ongoing: $0 p.a.
Monthly Payment
$905
Australian Mutual Bank logo
Principal & InterestInterest only 3Y Fixed5% min. depositOwner-occupier
Australian Mutual Bank logo
Principal & InterestInterest only 3Y Fixed5% min. depositOwner-occupier
Product NameAustralian Mutual Bank Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest Interest Only
Interest Rate p.a.5.74%
Comp. Rate p.a.6.31%
Minimum Loan Amount$0
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Interest Rate
5.74%
Comparison Rate
6.31%
Fees
Application: $250
Ongoing: $0 p.a.
Monthly Payment
$876
Australian Mutual Bank logo
Principal & Interest10% min. depositInvestmentOffset account
Australian Mutual Bank logo
Principal & Interest10% min. depositInvestmentOffset account
Product NameAustralian Mutual Bank GumLeaf Standard Variable Investment
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.34%
Comp. Rate p.a.6.41%
Minimum Loan Amount$50,000
Maximum Loan Amount N/A
Maximum Loan Term40 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Interest Rate
6.34%
Comparison Rate
6.41%
Fees
Application: $250
Ongoing: $0 p.a.
Monthly Payment
$934
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Australian Mutual Bank key facts

  • Australian Mutual Bank is an online lender based in New South Wales.
  • Australian Mutual Bank offers home loan products for owner-occupiers and investors.
  • This lender also offers other financial products such as credit cards, personal loans, savings accounts and insurance.

Congratulations, Australian Mutual Bank!

Australian Mutual Bank won the award for 'Owner Occupier Home Loan - 2 Year Fixed' in the 2024 Home lender Product Awards.

Full list of 2024 winners

Australian Mutual Bank home loan features

FeatureDetails
Minimum depositIt is possible to get a home loan from Australian Mutual Bank with a deposit as low as 5%.
Offset account?You can get an offset account with several Australian Mutual Bank loans.
Repayment optionsSeveral Australian Mutual Bank home loans allow you to make interest-only repayments for a limited period. The lender also offers the standard principal-and-interest repayments on its loans.

How do I apply for an Australian Mutual Bank mortgage?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with Australian Mutual Bank you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

📄 Proof of income documents. Recent payslips can establish your income.

📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

How to apply for a home loan

More lenders to compare

Check out Finder's main home loans guide if you want to compare more home loans from a range of lenders. Or you could try one of the following lenders:

  • ING. This online bank is part of the global, Dutch-based financial group of the same name.
  • Commonwealth Bank. The nation's largest bank has a large selection of home loans and a convenient banking app.
  • UBank. This online bank is actually owned by NAB.
  • Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
  • Tiimely Home. This lender's online application tool can process your mortgage application fast. Backed by the Bendigo and Adelaide Bank.
  • Bank of Queensland. Outside of the Big Four this is one of Australia's larger banks. BOQ owns Virgin Money.
  • HSBC. The local Australian banking arm of this international bank offers various home loans.
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Editor

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio

Richard's expertise
Richard has written 530 Finder guides across topics including:
  • Home loans
  • Property
  • Personal finance
  • Money-saving tips
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