Membership Eligibility and Lending Criteria
Eligibility criteria apply to join Teachers Mutual Bank Limited. Fees and charges and lending criteria apply. Consumer lending terms and conditions available here. Credit Guide available here.
Applicants must be eligible for the Rewards Package to take out the Solutions Plus Home Loan. The Rewards Package fee is paid at settlement and then from the Everyday account annually on each anniversary. Terms and conditions for the Rewards Package are available on request.
Redraw is subject to application and registration and is not available when a fixed rate applies to any part of the loan.
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.
Repayment Pause is not available on all loan products and is subject to application and approval. Refer to Consumer lending terms and conditions for full details.
Interest Only Loans
For interest only loans, repayments must be made monthly. Maximum Interest Only period of up to 5 years after which, loan must revert to Principle & Interest repayments.
Family Property Guarantor
Guarantor/s subject to lending criteria, and property being accepted as security as determined by the Bank. Guarantor/s must be a family member (i.e. spouse/partner, child, sibling, parent, grandparent or grandchild) of at least one applicant.
2018 World’s Most Ethical Award
The Ethisphere Institute is a global leader in defining and advancing standards of ethical business. The World’s Most Ethical Companies, awarded by Ethisphere, recognises companies that not only promote ethical business standards and practices internally, but also exceed legal compliance minimums and shape future industry standards by introducing best practices today. See www.ethisphere.com for more details.