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Home Loans

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Loan Range

Rewards Package

Benefit from a discounted Home Loan rate, as well as a host of special offers on Credit Cards, Insurance and more.

Find out more

 4.54% pa
variable interest rate

 4.85% pa
comparison rate1

Apply Online Request a consultation

Basic Home Loan

Take advantage of an easy to use Home Loan, offering a low variable rate and flexible repayment options.

Find out more

 4.64% pa
variable interest rate

 4.69% pa
comparison rate1

Apply Online Request a consultation

Standard Variable Home Loan

Be rewarded with the choice of fixed or variable interest rates with this competitive loan.

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 5.14% pa
variable interest rate

 5.19% pa
comparison rate1

Apply Online Request a consultation

Equity Line of Credit

Draw on your home equity and easily access funds when you need that little extra.

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 5.19% pa
variable interest rate

Apply Online Request a consultation

Construction Loan

Manage the costs of constructing your property with ease and efficiency.

Find out more

 4.64% pa
variable interest rate

 4.71% pa
comparison rate1

Apply Online Request a consultation

Bridging Loan

Benefit from the flexibility of purchasing a new property whilst awaiting settlement of your previous property.

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 5.14% pa
variable interest rate

 5.21% pa
comparison rate1

Apply Online Request a consultation

Interest Only Investment Loan

Take advantage of a flexible loan offering interest only repayments to free up your capital.

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 4.94% pa
variable interest rate

 4.99% pa
comparison rate1

Apply Online Request a consultation

Self Managed Super Fund Loan

Ideal for those with a regulated Australian Self Managed Super Fund who are looking to buy an investment property or refinance an existing SMSF Loan.

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 5.44% pa
variable interest rate

 5.67% pa
comparison rate1

Request a consultation Submit an Enquiry

Home Loan Comparison Table

Get a better understanding with an overview of all our Home Loans.

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Buying your first home

Are you dreaming of owning your own home?

Buying your first home is a huge life event, and it pays to be prepared. Take the time to plan, research and budget, and don’t be afraid to ask for advice. We can help first homeowners navigate the property market.

When preparing to buy your first home, ask yourself the following questions:

Have I saved enough for a deposit?

The bigger the deposit you save, the easier the home buying process will be. Identify your price range and try to save as much as you can for a deposit - between 5% and 20% of the property value is a good guide, plus some extra to cover associated costs such as stamp duty, mortgage registration, building and inspection costs and loan application fees. To reduce some of your associated costs, we will waive the establishment fee for our first home buyers.4

A deposit can include your genuine savings, as well as gifted funds from family and other government grants.

If you are a first home buyer you may be eligible to receive a First Home Owner’s Grant and other stamp duty concessions. The first step is to visit your government’s First Home Owner’s Website and research your eligibility, based on the state you are purchasing in. A First Home Owners Grant can be used towards your deposit and we can assist with your application and receipt of the grant, when you apply for one of our Home Loans.

First home buyers can borrow up to 95% of the property value2. You may be able to borrow more with some assistance from your family. A Family Guarantee allows your family members to use the equity in their home as additional security, giving you a head start to get into your home sooner. You may also remove the need to pay Lenders Mortgage Insurance (LMI)3 which is needed when your loan is in excess of 80% of the property value that you are purchasing. It is a one-off fee that is added to your loan.

Do I have the savings to back up my investment?

You need to feel sure that you are financially prepared to be a homeowner. This doesn't stop with saving for a deposit - you need to consider ongoing mortgage repayments and your budget across all aspects of your lifestyle. With healthy saving habits, you will pay off your home loan sooner. When saving for your first home, our First Home Bonus Saver Account can help you develop the routine that will keep you on track.

Before you take out a loan, calculate how much you need and factor in repayments. Our Budget Planner Calculator can help you to consider different budget scenarios. Our Loan Calculators can assist you to calculate how much you can realistically afford to borrow. You might like to choose our straightforward Basic Home Loan - it offers flexible repayments and fixed interest options.

Do I need a pre-approved loan?

Once you have an idea of your affordability - but before you've chosen your house, it is a good idea to obtain a pre-approval on your loan. This will let you search with confidence, knowing exactly how much you will be able to spend.

It will also give you a chance to research the various types of home loans available and which is best for your circumstances. For example, would you like a fixed rate or a variable rate and what is the benefit of each. We offer our customers a free, no obligation Home Loan assessment or Mobile Lending Consultation6 to assist in this process.

I’ve found the perfect property, what now?

You’ve found the home, right size, perfect location. Now you just need to secure it. Before you sign anything, it pays to have a qualified independent expert evaluate the house and a professional look over the contracts. When you are ready to buy, thoroughly research your state’s property buying laws to make sure everything is right.

Speak to your lender and ensure your pre-approval is current. If there have been any changes to your circumstances, you need to let your lender know.

We are committed to seeing you in your first home sooner. For advice on saving for your first home, or to explore which home loan is right for you talk to our consultants on 1300 654 822 or try our useful web chat.

 

Featured Products

Rewards Package

Benefit from a discounted Home Loan rate, as well as a host of special offers on Credit Cards, Insurance and more.

Find out more

 4.54% pa
variable interest rate

 4.85% pa
comparison rate1

Apply Online Request a consultation

Basic Home Loan

Take advantage of an easy to use Home Loan, offering a low variable rate and flexible repayment options.

Find out more

 4.64% pa
variable interest rate

 4.69% pa
comparison rate1

Apply Online Request a consultation

First Home Bonus Saver

Save for your first home while earning bonus interest and receive $600 cash back when your Home Loan is funded by the Mutual Bank.

Find out more

 2.85% pa
bonus interest rate

 0.05% pa
base interest rate

Apply Online Call 1300 654 822

 

Building and renovating

Have you been dreaming of building your own home? Would you like to finally get started on the renovations you've been planning?

We have a range of services to help you mange the process and cover the costs of building and renovating. With access to adequate funds, you can complete your project sooner.

Building your Home

Building your own home is a significant undertaking. While it may seem like hard work, the final outcome can be a rewarding and fulfilling experience.

One of the main benefits of building your own home is that you are able to work with your builder or contractor to tailor the floor plan, design and other features of your home, to suit your specific needs and lifestyle. Some other benefits of building include:

  • Buying off the plan for your first home may mean you can benefit from certain government grants, in some states.  
  • New homes usually come with a warranty. Speak to your builder about their warranty process and what it will include.
  • You can choose more environmentally sustainable features and fittings if your budget permits you to do so. A new home may also come with these options as standard, which means you will save further down the track.

Before you decide to build you may also want to consider a few things:

  • There are many options to choose from when it comes to building. You can select from house and land packages, off-the plan or custom build. Each option has its own benefits and drawbacks, so it’s wise to research all options first and decide which is right for you and your budget.
  • Choose a builder or contractor you can trust. Make sure they are licensed builders and research other properties that they have built, similar to the one you want. It’s important that you feel comfortable with your decision, before you sign on the dotted line.
  • It’s easy to overspend as your building project progresses. Factor in some extra funds for unexpected costs and have regular conversations with your builder to ensure your spending is on track.
  • While most builders aim to have your home completed on time, the weather or other unavoidable circumstances may mean there will be delays. If you are renting while the building is in progress, you may want to factor a bit extra into your budget, to cover delays.

Our Construction Loan provides the flexibility you need to finance your building project, allowing for progress payments to be made to builders and contractors throughout the construction period. With flexible repayment options, the freedom of repayment holidays and portability, it is the perfect loan to see you through the building process.

Renovating your home

You might not be ready to commit to a big overhaul quite yet, but you want to have the option when you do. There are a number of ways to finance a renovation:

  • Topping up on your existing home loan.  This is an efficient and cost effective option as you already have an established relationship with your lender and you can take advantage of lower home loan interest rates.
  • Redraw on an existing loan. So long as you maintain additional repayments, you will be able to draw on those extra funds when you need to.
  • With an Equity Line of Credit Loan, you can draw on your home equity and easily access funds up to an approved limit, without having to make further applications.
  • With a Personal Loan.

Have you been thinking of making eco-friendly renovations?

We work in the best interests of the community, and supporting environmentally friendly practices is a key part of this. If you decide to reduce your home’s environmental footprint, we can help. You can finance eco-friendly renovations, such as the installation of solar panels or rainwater tanks, as you would finance any other renovations.  Alternatively, you can consider our Green Personal Loan which offers a reduced interest rate on loans intended to cover the cost of building green improvements into your home.

Our versatile home and personal loans can help you out when building or renovating. Speak to one of our consultants today on 1300 654 822.

 

Featured Products

Basic Home Loan

Take advantage of an easy to use Home Loan, offering a low variable rate and flexible repayment options.

Find out more

 4.64% pa
variable interest rate

 4.69% pa
comparison rate1

Apply Online Request a consultation

Construction Loan

Manage the costs of constructing your property with ease and efficiency.

Find out more

 4.64% pa
variable interest rate

 4.71% pa
comparison rate1

Apply Online Request a consultation

 

Investing in property

Investing in a property can be a great means of building your wealth and is a tangible addition to your assets.

But before you decide whether investing in property is for you, ask yourself the following questions:

Is investing right for me?

There are various pros and cons of investing in property that you should take into account. On one hand, property is often considered less volatile than shares and you can earn good income from rent and benefit from capital growth, if your property increases in value over time.  On the other hand, interest rate fluctuations will have an effect on your repayments and rental income may not cover all of your expenses, especially as there may be times when you don’t have tenants at all and you need to cover all the costs yourself.

At the end of the day, buying a property is a big commitment and should be an educated decision. Consider the income and expenses you will incur when buying and maintaining a property and talk to a financial advisor to ensure you are prepared for the ongoing financial commitment.

Do I have the funds I need?

Investing in property can be costly.  You need to be aware of the costs associated with buying, such as stamp duty, legal costs, building and inspection reports as well as the costs of managing an investment property including council rates, insurance and possible body corporate fees.

A manageable home loan can help you acquire the right investment property. It is best to have pre-approval for a loan before you start seriously looking so that you know what you can afford and understand what your ongoing repayments will be. Our Interest Only Investment Loan is specifically designed for investors and offers the flexibility of Interest Only and Fixed Rate options that are often suitable when investing in property.

Borrowing to invest is called ‘gearing’, and should be managed wisely. Negative gearing is when your income from an investment is less than your expenses. When it comes to an investment property, this refers to the rental income being less than the interest and other associated expenses. This loss may be made up with a capital gain if the value of the property increases. A loss may be used to reduce your taxable income.

Positive gearing refers to income from an investment being higher that interest and other expenses. In this situation, you will be making a gain but you will need to pay tax on the additional net income.

When it comes to gearing, it is important so consult your accountant and refer to the Australian Taxation Office for more information.  Never commit to a loan that you will struggle to pay off, because the costs could outweigh the profits brought in by your investment.

What property should I invest in?

A property can be a valuable addition to your assets, but you need to choose the right one. This will largely be dependent on your budget; an investment property should contribute to your wealth, not tempt you into an unsupportable financial position. Decide what kind of property you want to invest in, be it apartment or house - or even a business space - and look for features that will appeal to as many people as possible. Choose the location carefully. You want a high growth suburb that is affordable to buy into, but which still attracts high enough rental returns to justify the expenditure.

If you are thinking about investing, we can help you manage the finance, so you can find the right property. Our consultants are available to talk you through your investment options on 1300 654 822.

 

Featured Products

Equity Line of Credit

Draw on your home equity and easily access funds when you need that little extra.

Find out more

 5.19% pa
variable interest rate

Apply Online Book an Appointment

Interest Only Investment Loan

Take advantage of a flexible loan offering interest only repayments to free up your capital.

Find out more

 4.94% pa
variable interest rate

 4.99% pa
comparison rate1

Apply Online Request a consultation

 

Refinancing

Has your home loan become dated?

A home loan may be one of the most significant and lengthy financial commitments you will ever make, so it pays to revisit it periodically. Home loans can become less competitive over time, and your current one may no longer suit you. This is when you should consider refinancing. Refinancing involves replacing your current loan with a newer one that typically attracts different features, a lower interest rate and lower fees. Before deciding to refinance your home loan, you should consider the following:

Is refinancing the right choice for you?

There are several reasons why you might refinance your home loan:

  • You want a more competitive interest rate.
  • You need to access your home equity to finance renovations or investment.
  • You are seeking a more flexible or suitable home loan.
  • You want to consolidate your debts to make managing your finances simpler.
  • Your circumstances have changed and your loan no longer meets your needs.

Refinancing is not the right choice for everyone. If you do not think you will be able to meet the repayments on your new loan then be wary of putting yourself in deeper debt. However, if done right, refinancing can help you pay lower interest and fees than you were and allow you to manage your loans with greater ease.

Do the maths

Before you start shopping around for new loans, it pays to do the sums. Figure out what costs you might attract by switching over your loan, such as exit fees from your previous provider to discharge the mortgage and release security over the property and set up costs for the new one. We can help you calculate how much refinancing will cost you in the short term, but may save you in the long run. Our Lending Consultants can provide you with an estimate of repayments and discuss how you can improve your financial position over the long term. We can also offer our customers a free, Mobile Lending Consultation6 to assist in this process.

Choose the right home loan for you

Refinancing gives you the freedom to choose a new home loan that better suits your circumstances. When deciding on a loan, take into account the interest rate, associated fees and useful features such as access to free redraw. Some services will offer rewards such as discounts on other products like credit cards or insurance. Choosing right can help you save thousands over the life of the loan - money you can save or use to pay off your mortgage faster.

We can help you through the refinance process. Speak to one of our consultants about refinancing on 1300 654 822.

 

Featured Products

Rewards Package

Benefit from a discounted Home Loan rate, as well as a host of special offers on Credit Cards, Insurance and more.

Find out more

 4.54% pa
variable interest rate

 4.85% pa
comparison rate1

Apply Online Request a consultation

Basic Home Loan

Take advantage of an easy to use Home Loan, offering a low variable rate and flexible repayment options.

Find out more

 4.64% pa
variable interest rate

 4.69% pa
comparison rate1

Apply Online Request a consultation

 


Important Information
Home Loan Interest Rates effective 25 May 2015. Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice.
1. Comparison rate calculated on a secured loan amount of $150,000 for a term of 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate.
2. Lenders Mortgage Insurance (LMI) is required if the loan exceeds 80% of the property value. LMI protects the lender. Loans of up to 95% Loan to Value Ratio (LVR) can be approved, subject to meeting LMI approval conditions.
3. Subject to approval & conditions apply. Fees & charges apply.
4. Applicants who decide not to proceed with the loan may incur establishment fees.
5. A $2,000 limit will be provided for eligible applicants, higher limits will be considered upon request.
6. Available in metropolitan Melbourne only. Country customers requests will be determined by location.