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QT Mutual Bank Home Loans

QT Mutual Bank was set up in the mid 1960s under the name the Queensland Teachers’ Credit Union with the aim of lending money to other teachers. In 2011, it changed its name QT Mutual Bank, after becoming Queensland’s first customer-owned bank.

As a mutual bank, QT Mutual Bank can be characterised as a community-based financial institution that’s controlled by its members and offers banking services like savings accounts and loans, but is not owned by shareholders like the major banks.

In addition to its home loan products, QT Mutual Bank offers financial products like car loans, personal loans, financial advice, insurance as well as transaction accounts.

QT Mutual Bank Choices Package

QT Mutual Bank Mortgage Breaker Loan

This loan is targeted at borrowers who are keen to utilise a 100 per cent offset account. While it does have relatively high rates, it also offers a range of features such as the flexibility to split loans between fixed and variable interest, a redraw facility and an LVR of up to 95 per cent for owner occupiers.

View Home Loan Details

QT Mutual Bank Saver Home Loan

The attraction of this home loan is that has a low variable rate with no ongoing fees. It also enables you to make unlimited repayments at no extra cost. It doesn’t have an offset account but it does let you redraw. The main catch is that it is for owner-occupiers only.

View Home Loan Details

QT Mutual Bank Overdraft

QT Mutual Bank Fixed Rate Loan

This loan is pitched at borrowers who want security that comes from locking in an interest rate. These loans can be taken out by investors or owner-occupiers and can be split between a fixed and variable rate. On the downside, it does not offer a redraw facility or offset account.

View Home Loan Details

Home Loans from QT Mutual Bank

Product
Advertised Rate
Comparison Rate
Monthly Repayment
Go To Site
Advertised Rate3.88%Variable
Comparison Rate3.88%
Monthly Repayment$1176over 30 years
Go To Site
Advertised Rate3.74%Intro 12 months
Comparison Rate4.53%
Monthly Repayment$1271over 30 years
Details
Advertised Rate3.99%Fixed - 3 years
Comparison Rate4.53%
Monthly Repayment$1271over 30 years
Details
Advertised Rate3.95%Fixed - 2 years
Comparison Rate4.54%
Monthly Repayment$1273over 30 years
Details
Advertised Rate3.95%Fixed - 1 year
Comparison Rate4.55%
Monthly Repayment$1274over 30 years
Details
Advertised Rate4.13%Fixed - 3 years
Comparison Rate4.56%
Monthly Repayment$1276over 30 years
Details
Advertised Rate4.15%Fixed - 2 years
Comparison Rate4.57%
Monthly Repayment$1277over 30 years
Details
Advertised Rate4.15%Fixed - 1 year
Comparison Rate4.57%
Monthly Repayment$1277over 30 years
Details
Advertised Rate3.99%Fixed - 3 years
Comparison Rate4.60%
Monthly Repayment$1282over 30 years
Details
Advertised Rate3.95%Fixed - 2 years
Comparison Rate4.62%
Monthly Repayment$1285over 30 years
Details
Advertised Rate3.74%Intro 12 months
Comparison Rate4.62%
Monthly Repayment$1285over 30 years
Details
Advertised Rate4.13%Fixed - 3 years
Comparison Rate4.64%
Monthly Repayment$1288over 30 years
Details
Advertised Rate3.95%Fixed - 1 year
Comparison Rate4.64%
Monthly Repayment$1288over 30 years
Details
Advertised Rate4.15%Fixed - 2 years
Comparison Rate4.65%
Monthly Repayment$1289over 30 years
Details
Advertised Rate4.15%Fixed - 1 year
Comparison Rate4.66%
Monthly Repayment$1291over 30 years
Details
Advertised Rate4.27%Variable
Comparison Rate4.67%
Monthly Repayment$1292over 30 years
Details
Advertised Rate4.45%Fixed - 5 years
Comparison Rate4.69%
Monthly Repayment$1295over 30 years
Details
Advertised Rate4.45%Fixed - 5 years
Comparison Rate4.75%
Monthly Repayment$1304over 30 years
Details
Advertised Rate4.24%Fixed - 3 years
Comparison Rate4.77%
Monthly Repayment$1307over 30 years
Details
Advertised Rate4.20%Fixed - 2 years
Comparison Rate4.78%
Monthly Repayment$1309over 30 years
Details
Advertised Rate3.99%Intro 12 months
Comparison Rate4.78%
Monthly Repayment$1309over 30 years
Details
Advertised Rate4.20%Fixed - 1 year
Comparison Rate4.80%
Monthly Repayment$1312over 30 years
Details
Advertised Rate4.38%Fixed - 3 years
Comparison Rate4.81%
Monthly Repayment$1313over 30 years
Details
Advertised Rate4.40%Fixed - 2 years
Comparison Rate4.82%
Monthly Repayment$1315over 30 years
Details
Advertised Rate4.40%Fixed - 1 year
Comparison Rate4.82%
Monthly Repayment$1315over 30 years
Details
Advertised Rate4.24%Fixed - 3 years
Comparison Rate4.84%
Monthly Repayment$1318over 30 years
Details
Advertised Rate4.09%Fixed - 3 years
Comparison Rate4.85%
Monthly Repayment$1319over 30 years
Details
Advertised Rate4.20%Fixed - 2 years
Comparison Rate4.86%
Monthly Repayment$1321over 30 years
Details
Advertised Rate4.47%Variable
Comparison Rate4.87%
Monthly Repayment$1322over 30 years
Details
Advertised Rate3.99%Intro 12 months
Comparison Rate4.87%
Monthly Repayment$1322over 30 years
Details
Advertised Rate4.38%Fixed - 3 years
Comparison Rate4.88%
Monthly Repayment$1324over 30 years
Details
Advertised Rate3.99%Fixed - 3 years
Comparison Rate4.88%
Monthly Repayment$1324over 30 years
Details
Advertised Rate4.20%Fixed - 1 year
Comparison Rate4.89%
Monthly Repayment$1325over 30 years
Details
Advertised Rate4.40%Fixed - 2 years
Comparison Rate4.90%
Monthly Repayment$1327over 30 years
Details
Advertised Rate4.40%Fixed - 1 year
Comparison Rate4.91%
Monthly Repayment$1328over 30 years
Details
Advertised Rate4.13%Fixed - 3 years
Comparison Rate4.92%
Monthly Repayment$1330over 30 years
Details
Advertised Rate4.52%Variable
Comparison Rate4.92%
Monthly Repayment$1330over 30 years
Details
Advertised Rate4.05%Fixed - 2 years
Comparison Rate4.93%
Monthly Repayment$1331over 30 years
Details
Advertised Rate3.95%Fixed - 2 years
Comparison Rate4.93%
Monthly Repayment$1331over 30 years
Details
Advertised Rate4.70%Fixed - 5 years
Comparison Rate4.94%
Monthly Repayment$1333over 30 years
Details
Advertised Rate4.15%Fixed - 2 years
Comparison Rate4.97%
Monthly Repayment$1337over 30 years
Details
Advertised Rate4.45%Fixed - 5 years
Comparison Rate4.97%
Monthly Repayment$1337over 30 years
Details
Advertised Rate3.74%Intro 12 months
Comparison Rate4.98%
Monthly Repayment$1339over 30 years
Details
Advertised Rate3.74%Intro 12 months
Comparison Rate4.99%
Monthly Repayment$1341over 30 years
Details
Advertised Rate3.74%Intro 12 months
Comparison Rate4.99%
Monthly Repayment$1341over 30 years
Details
Advertised Rate4.70%Fixed - 5 years
Comparison Rate4.99%
Monthly Repayment$1341over 30 years
Details
Advertised Rate3.95%Fixed - 1 year
Comparison Rate5.00%
Monthly Repayment$1342over 30 years
Details
Advertised Rate4.15%Fixed - 1 year
Comparison Rate5.02%
Monthly Repayment$1345over 30 years
Details
Advertised Rate4.05%Fixed - 1 year
Comparison Rate5.02%
Monthly Repayment$1345over 30 years
Details
Advertised Rate4.34%Fixed - 3 years
Comparison Rate5.10%
Monthly Repayment$1357over 30 years
Details
Advertised Rate4.24%Fixed - 3 years
Comparison Rate5.13%
Monthly Repayment$1362over 30 years
Details
Advertised Rate4.48%Fixed - 3 years
Comparison Rate5.14%
Monthly Repayment$1364over 30 years
Details
Advertised Rate4.75%Variable
Comparison Rate5.14%
Monthly Repayment$1364over 30 years
Details
Advertised Rate4.38%Fixed - 3 years
Comparison Rate5.17%
Monthly Repayment$1368over 30 years
Details
Advertised Rate4.20%Fixed - 2 years
Comparison Rate5.18%
Monthly Repayment$1370over 30 years
Details
Advertised Rate4.40%Fixed - 2 years
Comparison Rate5.21%
Monthly Repayment$1374over 30 years
Details
Advertised Rate4.50%Fixed - 2 years
Comparison Rate5.21%
Monthly Repayment$1374over 30 years
Details
Advertised Rate4.70%Fixed - 5 years
Comparison Rate5.22%
Monthly Repayment$1376over 30 years
Details
Advertised Rate3.99%Intro 12 months
Comparison Rate5.22%
Monthly Repayment$1376over 30 years
Details
Advertised Rate3.99%Intro 12 months
Comparison Rate5.24%
Monthly Repayment$1379over 30 years
Details
Advertised Rate4.20%Fixed - 1 year
Comparison Rate5.24%
Monthly Repayment$1379over 30 years
Details
Advertised Rate4.40%Fixed - 1 year
Comparison Rate5.26%
Monthly Repayment$1382over 30 years
Details
Advertised Rate4.50%Fixed - 1 year
Comparison Rate5.29%
Monthly Repayment$1387over 30 years
Details
Advertised Rate4.30%Fixed - 2 years
Comparison Rate5.31%
Monthly Repayment$1390over 30 years
Details
Advertised Rate5.27%Variable
Comparison Rate5.32%
Monthly Repayment$1391over 30 years
Details
Advertised Rate4.30%Fixed - 1 year
Comparison Rate5.34%
Monthly Repayment$1394over 30 years
Details
Advertised Rate5.32%Variable
Comparison Rate5.37%
Monthly Repayment$1399over 30 years
Details
Advertised Rate6.92%Variable
Comparison Rate6.97%
Monthly Repayment$1658over 30 years
Details
Pros
  • Variety of home loan products.
  • Opportunity to bundle other financial products.
  • Caters for people with specific needs.
  • Community based bank run by members.
Cons
  • Some products include fees.
  • Limited branch access.
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Customer Service
QT Mutual Bank has numerous services for customers to access their accounts and get support. QT Mutual Bank also has a presence on the ground in Queensland, with over 10 branches throughout the state. QT Mutual Bank also has a team of mobile lenders. They can visit you at home and talk to you about a loan set-up that suits your personal circumstances . Customers can access their accounts 24-hours-a-day via internet banking and telephone banking is also available. Both these services allow you to access things such as your recent transactions history and account balance, as well as to  find a bank branch or ATM. The bank can also be contacted by email. Mobile app Online banking Branch Mobile banking staff
Applying and Eligibility
Applications and home loan enquiries can be made online at the QT Mutual Bank website or by downloading and completing relevant documentation then rsending them to QT Mutual Bank via post. Relevant information includes:
  • Personal identification material.
  • Proof of income.
  • Information regarding your living costs.
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