Home > Loans > Home loans > Teachers Fixed Option Home Loan

Teachers Fixed Option Home Loan

Lock in a rate for up to 5 years
Enjoy the assurance of knowing exactly what your home loan repayment will be with the ability to lock in your interest rate for up to 5 years.

At the end of your fixed rate period, refix your interest rate for another fixed rate period or your home loan will revert automatically to the standard variable interest rate.


Fix your rate for easier budgeting.

Main features

  • Fixed interest rate for a period of 1, 2, 3, 4 or 5 years
  • Flexible repayments
  • Borrow up to 95% with Lenders Mortgage Insurance
  • Offset facility
Expand All

Features and benefits



  • Split your loan with Teachers Flexi Choice, Solutions Plus or Smart Home Loan
  • Borrow up to 80% of the property value without Lenders Mortgage insurance (LMI) or 95% of the property value with LMI premium
  • Maximum 30 year loan term
  • Available to owners and investors for homes or vacant land
  • No ongoing fees
  • Offset facility


  • 24/7 access via internet banking
  • 24/7 access via mobile banking
  • 24/7 access via phone banking
  • Portability

Rates, fees and limits


Interest rate effective date

13 October 2014

Interest rate
1 year
2 years
3 years
4 years
5 years

Comparison rate
1 year
2 years
3 years
4 years
5 years

Interest rate type Fixed

Interest calculated Daily

Interest applied Monthly

Term 30 years

Minimum amount $25,000

Maximum amount Up to 95% of purchase price with Lenders Mortgage Insurance and/or Mortgage Repayment Insurance (Up to 80% without)

Establishment fee $600

Additional valuation and administration fee $250

Settlement attendance fee $150

For full details of our home loan fees please review the Fees and charges brochure.

*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. Comparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only.

Eligibility criteria apply to join Teachers Mutual Bank. Fees and charges and lending criteria apply.
Read fine print

Not a member?

Not a Member Join now

Apply for

Talk to us

Tools and calculators

Quick links

Compare our Home Loans

Rewards Package loans
Variable and fixed rate loans