Product Information

 

Product summary

Product summary style

Our most popular Home Loan with a very attractive variable rate

  • Offset 100% of the balance
  • Redraw facility
  • Family Support Option available
  • Variable 2.64%pa Interest rate
  • 2.70%pa
    Comparison rate

Product Rates

Interest rate
(number only)

Variable 2.64% pa

Comparison rate
(number only)

2.70% pa

Interest rate
(number only styled)

Variable 2.64 % pa

Comparison Rate
(number only styled)

2.70 % pa

Interest (and comparison) rates with descriptive text

Variable 2.64 % pa Interest rate 2.70 % pa Comparison rate

Product features

Product Features:

Standard Variable Rate Home Loan
Redraw facility : Yes
Offset account : Offset 100% of the balance
Additional repayments accepted : Yes
Minimum loan amount : $20,000
Maximum Loan to Valuation Ratio (LVR) : 80%
Maximum Loan to Valuation Ratio (LVR) with mortgage insurance : 95%
Maximum Loan to Valuation Ratio (LVR) Land only : 70%
Level repayments : No
Enable interest capitalisation option : No
Fees
Annual fee : $0
Monthly fee : $0
Redraw fee : $0
Establishment fee : $250
Valuation fees included within establishment fee : No

Product Name

Standard Variable Rate Owner Occupied

 

Collection

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Let us make your first home purchase a rewarding experience

  • Establishment fee waived ($250)
  • Valuation fee waived (up to $500)
  • Offset 100% of the balance
  • Variable 2.64%pa Interest rate
  • 2.67%pa
    Comparison rate

Looking to buy your first home? We have an affordable loan for you

  • Affordable 40-year loan term
  • Establishment fee waived ($250)
  • Valuation fee waived (up to $500)
  • Variable 2.54%pa Interest rate
  • 2.57%pa
    Comparison rate

We'll make your big purchase as seamless as possible

  • Establishment fee waived ($250)
  • Valuation fee waived (up to $500)
  • Family Support Option available
  • 2 Year Fixed 1.89%pa Interest rate
  • 2.54%pa
    Comparison rate

Product Comparison Style - Horizontal

Let us make your first home purchase a rewarding experience

  • Establishment fee waived ($250)
  • Valuation fee waived (up to $500)
  • Offset 100% of the balance
  • Variable 2.64%pa Interest rate
  • 2.67%pa
    Comparison rate

Looking to buy your first home? We have an affordable loan for you

  • Affordable 40-year loan term
  • Establishment fee waived ($250)
  • Valuation fee waived (up to $500)
  • Variable 2.54%pa Interest rate
  • 2.57%pa
    Comparison rate

We'll make your big purchase as seamless as possible

  • Establishment fee waived ($250)
  • Valuation fee waived (up to $500)
  • Family Support Option available
  • 2 Year Fixed 1.89%pa Interest rate
  • 2.54%pa
    Comparison rate

Footnotes:

  • 1 This comparison rate is based on a $150,000 loan over 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 or other loan amounts might result in a different comparison rate. All loan applications are subject to Australian Mutual Bank Ltd normal lending criteria. Fees and charges, terms and conditions apply.
  • 2 You must be at least one month's repayment in advance to obtain a redraw.
  • 3 Does not include Lender's Mortgage Insurance, 3rd party and government fees such as registration fees, stamp duty, etc.
  • 4 At the end of the fixed period the rate reverts to the Owner Occupied Standard Variable rate.
  • 5 First Home Buyers 2 Year Fixed Rate Special Offer is applicable to loan applications received on or after 16 November 2020 and is subject to change without notice. New money only with a minimum borrowing amount of $100,000. Offer available for a limited time only and may be withdrawn once portfolio is met. At the end of the fixed period the rate reverts to the Owner Occupied Standard Variable rate.