The G&C Mutual Bank Premium Home Loan Package is open to both owner-occupiers and investors for loans of at least $300,000. Customers can borrow up to 95 per cent of the property value, although lender’s mortgage insurance is required over 80 per cent.
Payments can be made weekly, fortnightly or monthly as both principal and interest and interest-only. Additional repayments are allowed and a 100 per cent offset account is available for those looking to reduce the amount of interest owed.
Customers have access to a redraw facility on additional repayments, with a minimum of $100. Unlimited transactions are permitted on the transaction account and discounts on home insurance may also apply.
Who is the G&C Mutual Bank Premium Home Loan Package good for?
The G&C Mutual Bank Premium Home Loan Package is good for customers looking for a low rate and flexibility, and in the market for a combined home loan, credit card and transaction account. The option for additional repayments and offset account will help owner-occupiers get ahead on their mortgage and interest-only payments may suit some investors.
Review - What RateCity says
The G&C Mutual Bank Premium Home Loan Package comes as part of a financial package and this is the primary consideration for those considering this loan. Customers must take out a credit card and transaction account with G&C Mutual to access the loan, both of which may come with additional fees.
The low rate and flexibilty of additional repayments, offset account and redraw facility are all attractive options for homebuyers looking for more freedom in how they make repayments and make the loan suitable for those wanting these options and willing to couple it with a credit card and transaction account.
G&C Mutual Bank Premium Home Loan Package Options
The G&C Mutual Bank Premium Home Loan Package is a low-rate variable combined with credit card and transaction account or as the Solutions Home Package loan, which is combined with a credit card and offset account.
Go To Site