These home loans offer low costs, coupled with a host of features, giving the best overall value.
7+
Great
These home loans may have slightly higher interest rates or fewer features but overall, a competitive offering.
5+
Standard
Usually the home loans would offer above average rates. They may still include some competitive features.
0+
Basic
Higher costs and/or fewer features.
Teachers Mutual Bank is an Australian bank run on behalf of its members. Teachers Mutual Bank has home loans for investors and owner-occupiers, including fixed and variable rates. Check out the full table of Teachers Mutual Bank products below or read more about the lender and its loans.
Compare Teachers Mutual Bank home loans for June 2025
Hit the "Load More" button to compare a bigger selection of products. You can also find more information on each individual product by clicking "More Info".
We currently don't have that product, but here are others to consider:
How we picked these
Teachers Mutual Bank key facts
Teachers Mutual Bank is run on behalf of its members rather than external shareholders. Teachers Mutual Bank consists of UniBank, Health Professionals Bank and Firefighters Mutual Bank (in addition to the Teachers Mutual Bank brand).
Many Teachers Mutual Bank home loans are available with deposits as low as 5%.
Here are the key features and details you need to know about Teachers Mutual Bank's mortgage products.
Feature
Details
Minimum deposit
Many Teachers Mutual Bank loans are available with deposits as low as 5%, including some of its lowest rates. This is good news for borrowers with low deposits (that is, deposits below 20%).
Offset account
You can get an offset account with several Teachers Mutual Bank loans, including some fixed rate products.
Fees
While most Teachers Mutual Bank loans have no ongoing fees, most loans come with an upfront application fee.
How do I apply for a Teachers 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
Each Teachers Mutual Bank product has 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:
📄 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).
If you want to compare loans from similar lenders to Teachers Mutual Bank then you can start with these large online brands, small banks and credit unions:
Auswide. This small bank is based in Bundaberg, Queensland.
Mortgage brokers. Still confused? Get free, expert guidance from a qualified mortgage broker.
More home loan questions
To make sure you find the right Teachers Mutual Bank loan you need a clear idea of what you're looking for in a mortgage. These simple questions can help:
Do you need to visit a branch? Teachers Mutual Bank has branches in New South Wales, Victoria, Queensland, Western Australia and the ACT. The bank also has online and phone support.
What do you need the loan for? If you're buying a home to live in you need an owner-occupier loan. Property investors need an investment loan rate. Teachers Mutual Bank has both.
Fixed or variable? Do you want the flexibility of a variable rate loan that could rise or fall at any time? Or are you happy to lock in a fixed rate for a certain period so you can forget about rate changes?
What features do you need? You need to decide whether you need features like a 100% offset account, the ability to make extra repayments and the option to split your rate.
Home loan pre-approval is an optional step in the application process that some lenders offer. Pre-approval means a lender has examined your savings, income and spending habits and has a rough idea of how much it could lend you. It's not the same as full loan approval and it's no guarantee that the lender will ultimately approve a full application. But it does allow borrowers to start looking for a home with more confidence and a clearer idea of their borrowing power.
Pre-approval is not something every lender offers, but many do.
Most Australian borrowers bank with one of the Big Four banks (Commbank, ANZ, Westpac and NAB). You might have some concerns about getting a loan from a smaller lender you've never heard of, but there's no reason to worry.
In Australia, banks and lenders are regulated by the Australian Prudential Regulation Authority (APRA) or the Australian Securities and Investments Commission (ASIC) and must comply with the National Consumer Credit Protection Act.
Teachers Mutual Bank is an authorised deposit-taking institution (ADI). This means customers with money deposited in a Teachers Mutual Bank savings account benefit from the deposit guarantee scheme. This federal government scheme guarantees a customer's savings up to $250,000. Even if the bank itself collapses.
Deciding between a fixed or variable rate depends on what you want from the loan. A variable rate loan can change at any time, either up or down. A variable rate usually offers more flexibility in how fast you can repay the loan and the cost of refinancing.
A fixed rate loan offers total certainty about your rate, for the fixed period. This means it won't rise, costing you more. But if your lender starts lowering rates you won't benefit either. Refinancing a fixed rate loan means breaking the loan, because you've agreed to a specific rate. This means you may have to pay a fixed rate break fee.
Mortgage brokers are home loan professionals who can help you find a suitable loan. A broker typically doesn't charge you a fee, because they receive a commission from your lender. Brokers are great if you are short on time or find the whole process of researching and applying for a home loan confusing. But you can definitely do it yourself and find a good loan. You may even find a better deal. That's because brokers don't compare loans from every lender in the market. They have access to a panel of loans and often don't have smaller online lenders in their panel.
The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.
Richard Whitten is Finder’s Money Editor, with over seven years of experience in home loans, property and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Graduate Certificate in Communications from Deakin University. See full bio
Richard's expertise
Richard has written 630 Finder guides across topics including:
Are these home loans available for Early Childhood education Teachers?
Finder
AngusSeptember 23, 2024Finder
Teachers Mutual says anyone who works in “the Australian education sector” is eligible to join, which would seem to include early childhood education. You can confirm directly with the bank on 13 12 21.
Anne-MareeOctober 18, 2018
Hello.
Do you give home loans on properties less than 50 square metres?
Finder
JohnOctober 19, 2018Finder
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!
Finder's First Home Buyer Report explores the motivations, behaviours and values of Australians as they navigate one of the most expensive housing markets in the world. The report also tracks key trends that have emerged since Finder's previous report in 2022.
Most home loans will charge fees of one type or another. Read our guide and learn what you might be in for, rough estimates on how much each fee costs and some methods to avoid them.
Pensioners can have a tough time getting a home loan because each lender treats pension payments differently. Here are some tips you can use to find out whether or not you could get a home loan.
Important information about this website
Finder makes money from featured partners, but editorial opinions are our own.
Finder is one of Australia's leading comparison websites. We are committed to our readers and stand by our editorial principles.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Are these home loans available for Early Childhood education Teachers?
Teachers Mutual says anyone who works in “the Australian education sector” is eligible to join, which would seem to include early childhood education. You can confirm directly with the bank on 13 12 21.
Hello.
Do you give home loans on properties less than 50 square metres?
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