Membership Eligibility and Lending Criteria
Eligibility criteria apply to join Teachers Mutual Bank. Fees and charges and lending criteria apply. Consumer lending terms and conditions available here.
Interest rates effective 1 August 2019. Rates quoted and all rates subject to change. Rates quoted applicable to Owner Occupied loans with Principal & Interest (P&I) repayments only. Minimum loan amount is $25,000. For all Fixed rate home loans, at the end of the Fixed rate period the interest rate reverts to the Flexi Choice Loan variable annual percentage rate.
Fees may apply if your loan account is in default or you seek other services, e.g. a loan variation
Fixed Rate Lock
The Fixed Rate Lock commences from the date of the application and is locked in for 90 days from the date of application. A Fixed Rate Lock fee of 0.15% of the total amount financed applies and is payable regardless of whether the interest rate at the time of settlement has increased or decreased.
Experts Choice Award 2018
Mozo Pty Ltd. ABN 68 128 199 208. AFSL & Australian Credit Licence 328141 offers consumers a comprehensive product comparison service across the retail banking market. The Bank does not pay Mozo to be in awards selection nor do we receive any commission from Mozo for any award received.
Mortgage Offset Facility
Terms and conditions for the mortgage offset facility are set out in our Consumer lending terms and conditions and Conditions of use Accounts and access. For more information refer to the FAQ section under Offset facility.
The Responsible Investment Association Australasia (RIAA)
All new retail mortgages and deposits at the Bank have been certified by RIAA according to the strict operational and disclosure practices required under the Responsible Investment Certification Program. See www.responsibleinvestment.org for details. RIAA’s Certification Symbol Trade Mark provides consumers and industry alike with a quality mark of Australia and New Zealand’s standard for responsible investing products and advice.