Important disclosure

Australian Mutual Bank Ltd

Fixed Rate Home Loan

Real Time Rating™

Owner Occupied
5% min deposit
P&I
Extra repayments
Interest Rate

5.48%

p.a

Fixed - 3 years

Comparison Rate*

6.24%

p.a

Real Time Rating™
Tags
Owner Occupied
5% min deposit
P&I
Extra repayments
Interest Rate

5.48%

p.a

Fixed - 3 years

Comparison Rate*

6.24%

p.a

Monthly Repayment

$3,064

based on $500,000 loan amount for 25 years at 5.48%

Calculate your repayments for this loan

$

Your estimated repayment

$3,064

based on $500,000 loan amount for 25 years at 5.48%

Pros and cons

For Fixed Rate Home Loan 3 Years

Benefits

  • Interest rates ranked in the best 20%
  • No ongoing fees
  • Suitable for low deposits
  • Parents can sign as guarantor
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

Drawbacks

  • Limited extra repayments
  • No offset account
  • Loan reverts to higher rate after fixed period
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Australian Mutual Bank Fixed - 3 years Rate Home loan overview

For Fixed Rate Home Loan 3 Years

Details

Maximum LVR

95%

Total Repayments

Interest rate type

Fixed - 3 years

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Repayment type

Principal and Interest

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Repayment options

Fortnightly, Monthly, Weekly

Target Market Determination

Visit Australian Mutual Bank Ltd to view Target Market Determination.

Features

Extra repayments

Yes - limited to $20000

Redraw facility

Redraw fee: $0

Split interest facility

Loan portability

Repayment holiday available

Allow guarantors

Available for first home buyers

Other benefits

No annual fee on SCU credit card (optional), no approval fees on personal and car loans, free first appointment with financial planner

Fees

Total estimated upfront fees

$250

Application fee

$250

Valuation fee

$0

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$0

Discharge fee

$180

Home loans

Looking for more Australian Mutual Bank products?

Promoted home loans

Promoted

Lower Rate

Discount Variable

Real Time Rating™
Owner Occupied
20% min deposit
P&I
Extra repayments
Interest Rate

6.04%

p.a

Variable

Comparison Rate*

6.06%

p.a

Promoted

Major Banks

Simplicity Plus Loan

Real Time Rating™
Owner Occupied
10% min deposit
P&I
Extra repayments

Cashback

$2,000 cashback when you refinance an eligible home loan.
Interest Rate

7.24%

p.a

Variable

Comparison Rate*

7.24%

p.a

Promoted

Generic

Basic Home Loan

Real Time Rating™
Owner Occupied
20% min deposit
P&I
Extra repayments

Cashback

Receive $2000 in cashback when you refinance. T&Cs apply.
Interest Rate

6.29%

p.a

Variable

Comparison Rate*

6.30%

p.a

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $20k to $10,000,000.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 95 percent, which means it requires a minimum deposit of 5 percent

What's the maximum length for this loan?

Australian Mutual Bank Ltd allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Australian Mutual Bank Ltd allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $250 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Where can you apply for this loan?

Australian Mutual Bank Ltd makes it possible to apply for this product online. Apply here.