Buying a home is one of the most special moments of all. That’s why, for a limited time only, Teachers Mutual Bank is offering you a special low interest rate for the first 12 months so you can enjoy your special home moments sooner. You can feel good knowing your home loan is a Certified Responsible Investment too, which means the money we lend you does not come from damaging industries.
Your special low rate will not change for the first 12 months of your loan, which means no nasty repayment shocks. Plus, you’ll enjoy the same outstanding benefits of our Classic Home Loan with access to unlimited additional repayments and fee-free redraw.
So whether you’re looking to buy a place to call your own or refinance to reduce your current repayments, with an interest rate this low, there’s never been a better time to make your special home moments happen.
**Comparison rate warning
Comparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. 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.
^The interest rates shown are for new business only and for Principal and Interest repayments. We are offering a special interest rate (‘Special Rate’) for a period to members who apply for an owner occupied Classic Home Loan with Teachers Mutual Bank Limited (‘The Bank’) between 28 February 2020 and 31 December 2020, with unconditional approval received by 31 January 2021 and loan settled by 30 April 2021. The offer is subject to certain conditions as follows:
The Special Rate of 2.55%pa (comparison rate 3.04% pa**) will apply for 12 months from date of first loan drawing. This offer excludes top ups, internal refinances and existing Teachers Mutual Bank Limited loans. Minimum loan amount is $250,000. Maximum loan-to-valuation ratio of 80% applies. New business only and for Principal and Interest repayments only.
The Special Rate offer will cease 12 months from the funding date, at which time your home loan will revert to the then applicable Classic home loan variable interest rate.
The Special Rate offer may be withdrawn or amended by the Bank at any time. Once the special interest rate applies, the interest rate will not alter during the relevant 12 month period. After that, the then variable interest rate will apply, which is subject to change at any time.