Standard Variable Rate Investment Loan
- Last updated on 04 Jun 2020
based on $350,000 loan amount for 25 years
- No ongoing fees
- 100% full offset account
- Suitable for low deposits
- Parents can sign as guarantor
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
Interest rate structure
$20k - $2m
Principal & interest
Loan term range
1 - 30 years
100% offset account
Unlimited extra repayments
Redraw fee: $0
Allows split interest
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Estimated upfront fees
Minimum SMSF Amount
Compare and review home loans with similar features
Endeavour Mutual Bank has been providing banking services to the community for over 60 years. Having previously operated as Select Encompass Credit Union, its name changed to Endeavour Mutual Bank in February 2018.
Members own the bank through its mutual structure and all profits are reinvested in the mutual bank to benefit members.
Endeavour Mutual Bank also assists in the financial education of youth and supports projects to alleviate poverty in some of the poorest communities in South East Asia and the Pacific through its own charitable foundation, the Australian Mutuals Foundation (AMF).
Endeavour Mutual Bank Home Loan Calculator
Interested in an Endeavour Mutual Bank home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Endeavour Mutual Bank compares to its competitors. Simply plug in your borrowing amount below.
Home loans spanning 40 years are offered by select lenders, though the loan period is much longer than a standard 30-year home loan. You're more likely to find a maximum of 35 years, such as is the case with Teacher’s Mutual Bank.
Even though these lengthier loans 35 to 40 year loans do exist on the market, they are not overwhelmingly popular, as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.