The Mutual
Finder makes money from featured partners, but editorial opinions are our own.

The Mutual Bank home loans

The Mutual Bank has home loan rates starting from 6.29%.

Avatar

By

Richard Whitten

Updated

Fact checked
No reviews yet. Write a review

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

Compare The Mutual Bank home loans for November 2023

{"visibility":"visibilityTable","ctaLabel":"Calculate","tableCode":"SAMPLE_COMPARISON_V2_TEMPLATE","nicheCode":"AUFHL","fields":[{"name":"LOAN_AMOUNT","value":"150000","options":"","label":"Borrowing amount","suffix":"$","useSuffixAsPrefix":false,"useDropDownOption":false,"tooltip":""},{"name":"PERIOD","value":"30","options":"","label":"Period","suffix":"years","useSuffixAsPrefix":false,"useDropDownOption":false,"tooltip":""}]}
1 - 5 of 6
Updated regularly
Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
The Mutual Package Variable Home Loan
10% min. depositOwner-occupierOffset account
Interest Rate
6.98%
Comparison Rate
7.75%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$997
More Info
The Mutual Package Fixed Home Loan
Principal & InterestInterest only 1Y Fixed10% min. depositInvestment
Interest Rate
6.39%
Comparison Rate
8.03%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$939
More Info
The Mutual Package Fixed Home Loan
1Y Fixed10% min. depositOwner-occupier
Interest Rate
6.29%
Comparison Rate
7.68%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$929
More Info
The Mutual Premium Fixed
Finder AwardPrincipal & InterestInterest only 1Y Fixed5% min. depositOwner-occupierOffset account
Interest Rate
6.39%
Comparison Rate
7.96%
Fees
Application: $300
Ongoing: $0 p.a.
Monthly Payment
$939
More Info
The Mutual Investment Premium Fixed
Principal & InterestInterest only 1Y Fixed5% min. depositInvestmentOffset account
Interest Rate
6.49%
Comparison Rate
8.32%
Fees
Application: $300
Ongoing: $0 p.a.
Monthly Payment
$948
More Info
loading
Showing 5 of 6 results

The Mutual Bank key facts

  • The Mutual Bank is a member-owned bank based in New South Wales.
  • The Mutual Bank offers home loan products for owner-occupiers and investors.
  • This lender also offers other financial products such as savings, insurance, credit cards and personal loans.

Review by our senior home loans writer Richard Whitten

The Mutual Bank home loan features

Here are the key features and details you need to know about The Mutual Bank's mortgage products.

FeatureDetails
Minimum depositIt is possible to get a home loan from The Mutual Bank with a deposit as low as 10%.
Offset account?You can get an offset account with several of The Mutual Bank's loans.
Repayment optionsSeveral of The Mutual Bank's 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 a mortgage from The Mutual Bank?

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 The 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 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.
  • Tic:Toc. 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.

More guides on Finder

Find the right home loan now

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site