Why rent when you can buy your own place?

Take advantage of our 2 Year Fixed Rate Special Offer for First Home Buyers to get into your first home sooner.

2 Year Fixed 1.89 % pa Interest rate 2.54 % pa Comparison rate

Product Features:

First Home Buyers 2 Year Fixed Home Loan
Fixed interest rate term (years) : 2
Redraw facility : Yes
Offset account : No
Additional repayments accepted : Yes
Minimum loan amount : $100,000
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 : $0
Valuation fees included within establishment fee : No
Fixed rate loan break fee : Yes
First Home Buyers 2 Year Fixed Rate Rate p.a.
Interest Rate 2 Year Fixed 1.89% pa
Comparison Rate 2.54% pa

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How to apply

Apply Online

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Phone

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

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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?

Footnotes:

  • 1 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 Offer available for a limited time only and may be withdrawn once portfolio is met.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.
  • 2 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.
  • 3 At the end of the fixed period the rate reverts to the Owner Occupied Standard Variable rate.
  • 4 You must be at least one month's repayment in advance to obtain a redraw.
  • 5 Advanced payments allowable up to $20,000 during the fixed period.
  • 6 Does not include Lender's Mortgage Insurance, 3rd party and government fees such as registration fees, stamp duty, etc.
  • 7 A break cost fee applies to fixed rate loans, please refer to our Fees & Charges and Transaction Limits Schedule for further details.

8. 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.