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Teachers Mutual Bank home loans

Teachers Mutual Bank has a range of mortgages for teachers, education sector employees and their families.

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Teachers Mutual Bank
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Richard Whitten
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On this page you can find information about Teachers Mutual Bank home loans. Skip ahead to the full table of products or read more about the lender.

Compare Teachers Mutual Bank home loans

Compare Teachers Mutual Bank home loan products below and hit "load more" to see a fuller selection of loans. You can also find more information on each individual product by clicking "more info".

Data updated regularly
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years
Name Product Interest Rate (p.a.) Comp. Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
Teachers Mutual Bank Fixed Option Home Loan - 1 Year (Owner Occupier)
Teachers Mutual Bank Fixed Option Home Loan
More Info
2.19%
4.21% p.a.
$600
$0 p.a.
95%
$569.91
More Info
Short term fixed rate home loan with no ongoing fees with an interest only repayment option.
Teachers Mutual Bank Fixed Option Home Loan - 3 Year (Investor)
Teachers Mutual Bank Fixed Option Home Loan
More Info
2.49%
3.92% p.a.
$600
$0 p.a.
90%
$593.01
More Info
Enjoy the 100% offset account with the ongoing fee and borrow up to 95% LVR.
Teachers Mutual Bank Classic Home Loan - Owner Occupier
Teachers Mutual Bank Classic Home Loan
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2.55%
3.04% p.a.
$600
$0 p.a.
80%
$597.7
More Info
Save on your home loan rate by avoiding features you may not use.
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Teachers Mutual Bank lender profile

  • Teachers Mutual Bank started in 1966. Now it's one of Australia's largest mutual banks, with over $8 billion in assets.
  • Teachers Mutual Bank consists of UniBank, Health Professionals Bank and Firefighters Mutual Bank (in addition to the Teachers Mutual Bank brand).
  • The bank is committed to sustainability and ethical business practices.

Teachers Mutual Bank mortgage features

Teachers Mutual Bank has fixed and variable home loans for investors and owner occupiers.

FeatureDetails
Deposit sizeSome Teachers Mutual Bank mortgages let you borrow up to 95% of a property's value. Many have a maximum insured LVR of 90 or 80%.
Customer owned bankingTeachers Mutual Bank is a member of the Customer Owned Banking Code of Practice. The lender is focused on the financial wellbeing of members.
MembershipMembership for the bank is predominantly available for teachers, whether currently serving, retired or studying for future employment in the industry, as well as their immediate family members.
Offset accountMany of Teachers Mutual Bank's products come with an offset account, including the Teachers Mutual Bank Fixed Option Home Loan and the Teachers Mutual Bank Solutions Plus Home Loan.

How do I apply for a Teachers Mutual Bank mortgage?

Click on any Teachers Mutual Bank product in the comparison table to learn more about the product.

Eligibility

To join Teachers Mutual Bank you must be a teacher or some other form of education sector employee, or a family member of someone who is.

Each Teachers Mutual Bank product have specific eligibility criteria but some will apply to all products. For example:

  • 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 Teachers 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:

  • Identification documents. You will need identification such as a driver's license, 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).

Detailed guide to home loan applications and paperwork

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2 Responses

    Default Gravatar
    Anne-MareeOctober 18, 2018

    Hello.
    Do you give home loans on properties less than 50 square metres?

    Reply
      Avatarfinder Customer Care
      JohnOctober 19, 2018Staff

      Hi Anne-Maree,

      Thank you for leaving a question.

      Based on the eligibility requirements to take out a Teachers Mutual Bank home loans, the area of the property is not a requirements but the bank would still assess the property before approval will be made. Hope this helps!

      Cheers,
      Reggie

      Reply
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