Basic Variable Rate Home Loan (Interest Only)
specialDiscounted Interest Rate of 0.50%pa lower than the Standard Variable Home Loan
- Last updated on 31 Mar 2020
based on $300,000 loan amount for 25 years
- No ongoing fees
- Suitable for low deposits
- Parents can sign as guarantor
- Extra repayments + redraw services
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
Interest rate structure
$1k - $2m
Principal & interest
Loan term range
1 - 30 years
Unlimited extra repayments
Redraw fee: $0
Allows split interest
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Estimated upfront fees
Minimum SMSF Amount
- Special Discounted Interest Rate of 0.50%pa lower than the Standard Variable Home Loan
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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.