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G&C Mutual Bank

First Home Premium Package

Interest rate

2.64

% p.a

Variable

Comparison Rate*

2.66

% p.a

Maximum LVR
95%
Real Time Rating™

2.35

/ 5
Monthly Repayment

$1,367

based on $300,000 loan amount for 25 years at 2.64%

Interest rate

2.64

% p.a

Variable

Comparison Rate*

2.66

% p.a

Maximum LVR
95%
Real Time Rating™

2.35

/ 5
Monthly Repayment

$1,367

based on $300,000 loan amount for 25 years at 2.64%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,367

based on $300,000 loan amount for 25 years at 2.64%

Quick home loan review

For First Home Premium Package

These are the benefits of this home loan.

  • Lower than average interest rate
  • No ongoing fees
  • 100% full offset account
  • Suitable for low deposits
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For First Home Premium Package

TMD

Details

Maximum LVR

95%

Total Repayments

Next LVR

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

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

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Unlimited extra repayments

Redraw facility

Redraw fee: $0

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

77

Application fee

0

Valuation fee

$0

Settlement fee

0

Other upfront fee

77

Ongoing fee

$0 annually

Discharge fee

300

Application method

Online

Phone

Broker

In branch

Target Market Determination

Visit G&C Mutual Bank to view Target Market Determination.

Other Benefits

Maximum LVR: Up to 80%, 95% with Lenders Mortgage Insurance or First Home Loan Deposit Scheme, or 100% with Family Guarantor. Unless approved under the First Home Loan Deposit Scheme, Lenders Mortgage Insurance will be required if you borrow over 80% of the value of your home (or borrow an additional amount on your existing mortgage that brings the overall loan amount over 80% LVR). No top up available under the First Home Loan Deposit Scheme.

Other Restrictions

• Maximum loan term: Up to 40 years - available when one or more applicants are aged 30 years or less. Maximum loan term 30 years under the First Home Loan Deposit Scheme.

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $0 to $5,000,000.

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?

G&C Mutual Bank allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

G&C Mutual Bank 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 $77 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?

G&C Mutual Bank makes it possible to apply for this product online. Apply here.