Eligibility criteria apply to join Teachers Mutual Bank. Fees and charges and lending criteria apply. Consumer lending terms and conditions available here.
My First Home Loan: the following fees are waived for each My First Home Loan application: an Establishment fee and a settlement attendance fee. Any additional costs or fees will be charged ‘at cost’ to the applicant(s).
Insurance products are provided by Allianz Australia Insurance Limited AFS Licence No. 234708 ABN 15 000 122 850 (Allianz). Teachers Mutual Bank Limited., acts as an agent for Allianz and not your agent. We receive commissions on these insurance products as a percentage of the premium paid for each policy ranging from 5-20%.
Minimum premiums may apply. Any discounts/entitlements only apply to the extent any minimum premium is not reached. If you are eligible for more than one, we also apply each of them in a predetermined order to the premium (excluding taxes and government charges) as reduced by any prior applied discounts/entitlements. Discounts are available at the time of printing and are subject to change without notice. Discounts may not be applied to any flood component of the premium (if applicable).
A Product Disclosure Statement and Supplementary PDS for insurance products can be requested by email or by calling 13 12 21 8am to 7pm, weekdays or 9am to 3pm, Saturday or from any office. You should read and consider the PDS before deciding whether to acquire any insurance product mentioned here.
*Lenders Mortgage Insurance, or LMI, insures the lender in the event that the borrower defaults on the mortgage. It does not insure the borrower. Borrowers must still meet lending eligibility criteria for both the lender and the LMI provider.
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.
Redraw is subject to application and registration and is not available when a fixed rate applies to any part of the loan.
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.
Fine print—Allianz loan repayment insurance
Insurance products are issued by Allianz Australia Insurance Limited ABN 15 000 122 850 AFS License No. 234708 (Allianz). Disability and Unemployment cover are provided by Allianz Australia Insurance Limited AFS Licence No. 234708 ABN 15 000 122 850 (Allianz), Death Cover is provided by Allianz Australia Life Insurance Limited AFS Licence No. 296559 ABN 27 076 033 782 (Allianz Life). Allianz acts as Allianz Life's agent in offering Death Cover.
The Bank arranges this insurance as agent of the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFS Licence No. 234708 (Allianz). The Bank acts as an agent for Allianz and not your agent. Neither Teachers Mutual Bank Limited nor Allianz provide advice based on any consideration of your objectives, financial situation or needs. To decide if it is right for you please carefully read the relevant product disclosure statements for Allianz Loan Cover Insurance or Allianz Mortgage Repayment Insurance, available online or by contacting us. If you purchase this insurance, the Bank will receive a commission that is a percentage of the premium depending on the product. We also have an arrangement with a subsidiary company of Allianz to provide marketing, administrative and support services relating to Allianz insurance products in return for a share of aggregate profits from insurance policies (including CCI policies) issued by Allianz that we arrange. Ask us for more details before we provide you with any services on this product.