Changes to Interest Only repayment option Talk to us Phone us Email us Breadcrumbs Teachers Mutual Bank About us Member news Member news 2017 Changes to Interest Only repayment option 29 May 2017 29 May 2017 Changes to Interest Only repayment option Fixed Rate Home Loans Please be advised, due to business, prudential and regulatory requirements, the bank will be introducing new interest rates for members choosing to pay Interest Only on Fixed Rate home loans. This change will be effective Tuesday 30th May 2017 and will apply to both Owner Occupier applicants as well as Investor applicants. All Home Loans The bank is also making changes to its lending policy for members who choose to take an interest only repayment, for both fixed and variable loans. Restrictions have been placed on certain interest only home loans. For further information on the lending policy changes and/or current interest rates, please contact us on 13 12 21. Back to top.