QT Mutual Bank

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 Home Loan Calculator
Interested in an QT Mutual Bank home loan? RateCity has a suite of calculators that can show you what your repayments would be and how QT Mutual Bank compares to its competitors. Simply plug in your borrowing amount below. 

QT Mutual Bank may work for you if you're looking for:
  • Variety of home loan products.
  • Opportunity to bundle other financial products.
  • Caters for people with specific needs.
  • Community based bank run by members.
QT Mutual Bank may not work for you if you're looking for:
  • Some products include fees.
  • Limited branch access.
QT Mutual Bank 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

QT Mutual Bank Home Loan Calculator

Mortgage Balance

Monthly Repayment

Interest Rate


Remaining loan term:

26 years and 8 months

Savings over 10 years

How to Apply

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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