Teachers Mutual unveils new low rate mortgage product The new product, which hit the market today, is aimed squarely at owner occupiers. Talk to us Phone us Email us Breadcrumbs Teachers Mutual Bank About us Media releases Media releases 2015 Teachers Mutual unveils new low rate mortgage product 2 November 2015 2 November 2015 Teachers Mutual Bank’s new Classic Home Loan is sure to catch the eye of new home buyers with its incredibly low variable interest rate of 4.11%pa (4.16%pa comparison rate*). The new product, which hit the market today, is aimed squarely at owner occupiers. "We always strive to keep our rates amongst the most competitive in the market and our new Classic Home Loan certainly demonstrates this” said Steve James, CEO of Teachers Mutual Bank. "This product is a great option for rate driven buyers looking to climb the property ladder this spring” said Steve James. This limited time only product also features a fee free redraw facility for added flexibility. The Classic Home Loan is available across all Teachers Mutual Bank Limited brands, including UniBank, for new business only. Key Features Low variable rate of 4.11%pa (comparison rate 4.16%pa*) Loan amounts from $150,000 - $1 million Fee free redraw facility *Note: Comparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. 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. Further information: Rachel Fisk, PR and Corporate Affairs Officer, Teachers Mutual Bank on 02 9435 9425 or 0467 800 414. About Teachers Mutual Bank Teachers Mutual Bank is the leading Australian bank servicing employees in the education sector and their families. After a successful merger with Western Australia’s Unicredit on 1 August 2015, Teachers Mutual Bank now has over 173,000 members and more than $5 billion in assets. Credit facilities are provided only to members. Back to top.