- No upfront or ongoing fees
- 100% full offset account
- Suitable for low deposits
- Extra repayments + redraw services
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
Interest rate structure
$0 - $3.5m
Principal & interest
Loan term range
1 - 40 years
100% offset account
Unlimited extra repayments
Redraw fee: $30
Allows split interest
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Estimated upfront fees
Minimum SMSF Amount
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.
• 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.
Compare and review home loans with similar features
G&C Mutual Bank, formerly the SGE Credit Union, is an Australian member-owned mutual bank that was founded in 1959.
The bank has over 36,000 members, with a head office in Sydney and service centres in Melbourne and throughout NSW. It offers a range of financial products, such as home and personal loans, banking accounts and term deposits, insurance and credit cards. It also offers financial planning via a network of G&C Local Business Managers.
G&C Mutual has won a number of awards, including Money Magazine’s Best Savings Account award in 2012.
G&C Mutual Bank Home Loan Calculator
Interested in a G&C Mutual Bank home loan? RateCity has a suite of calculators that can show you what your repayments would be and how G&C Mutual Bank compares to its competitors. Simply plug in your borrowing amount below.
Lender’s Mortgage Insurance (LMI) is an insurance policy, which protects your bank if you default on the loan (i.e. stop paying your loan). While the bank takes out the policy, you pay the premium. Generally you can ‘capitalise’ the premium – meaning that instead of paying it upfront in one hit, you roll it into the total amount you owe, and it becomes part of your regular mortgage repayments.
This additional cost is typically required when you have less than 20 per cent savings, or a loan with an LVR of 80 per cent or higher, and it can run into thousands of dollars. The policy is not transferrable, so if you sell and buy a new house with less than 20 per cent equity, then you’ll be required to foot the bill again, even if you borrow with the same lender.
Some lenders, such as the Commonwealth Bank, charge customers with a small deposit a Low Deposit Premium or LDP instead of LMI. The cost of the premium is included in your loan so you pay it off over time.