Need a no frills home loan to save?

Our Basic home loan keeps things simple and saves you money with a lower interest rate

Variable 6.19 % p.a. Interest rate 6.26 % p.a. Comparison rate

Can't decide between a variable or fixed home loan?

You might consider splitting your home loan into part fixed, part variable rate so you can access both certainty and flexibility, in a ratio that works for you. Call us on 13 61 91 or fill the enquiry form below to speak with one of our mortgage specialists for more information about a split home loan for you to decide whether this may be suitable for you.

Product Features:

Basic Variable Rate Home Loan
Redraw facility : Yes
Offset account : No
Additional repayments accepted : Yes
Minimum loan amount : $20,000
Maximum Loan to Valuation Ratio (LVR) : 80%p.a.
Maximum Loan to Valuation Ratio (LVR) with lender's mortgage insurance : 95%p.a.
Maximum Loan to Valuation Ratio (LVR) Land only : 70%p.a.
Annual fee : $0
Monthly fee : $0
Redraw fee : $0
Establishment fee : $250
Valuation fees included within establishment fee : No
Basic Variable Rate Home Loan Rate p.a.
Interest Rate Variable 6.19% p.a.
Comparison Rate 6.26% p.a.

Not ready to apply but simply wish to make an enquiry?

Leave your details below and one of our consultants will be in touch.




The Privacy Act requires us to tell you about how we collect and use your personal information before we collect it. We explain this in our Privacy Notification which is available here.

How to apply

Apply Online

Ready to apply or you simply want a conditional pre-approval? Get started online in under 10 minutes.


A home loan specialist will answer all your questions and help move your application along.

Mobile Banker

Our Mobile Bankers located in NSW can come to visit you at home, at work or wherever else is convenient for you.

Guides for home buying

Why choose Australian Mutual Bank?


  • 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 examples 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. Family Support is available for borrowers, especially first home buyers with no deposit, who have an immediate family member that is willing and able to offer security, e.g. their own property, as Guarantor on the loan to secure a portion of the loan. The Guarantor's financial position should be such that they are able to meet their obligations under the guarantee. Non-Resident guarantors are not eligible.

5. Request a Home Loan Key Facts Sheet. All applications are subject to Australian Mutual Bank Ltd normal lending criteria. Fees and charges, terms and conditions apply.