Teachers Mutual Bank Home Loans

Teachers Mutual Bank was formed in 1966 as the Hornsby Teachers Association Credit Union. It officially changed its name to Teachers Mutual Bank in 2010.

The Teachers Mutual Bank serves employees who work in the education sector, and their families. As a mutual bank, every customer is a shareholder and has a say in how it is run.

Its range of financial service products includes home loans, savings accounts, personal loans, credit cards, and insurance services.

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

Teachers Mutual Bank home loans

Classic Home Loan
Advertised rate
3.65%
Variable
Upfront fee
$750.00
Comparison rate*
3.70%
Ongoing fee
$0
Compare
Solutions Plus Home Loan (Principal and Interest) ($250k-$500k, LVR 60%-80%)
Advertised rate
3.89%
Variable
Upfront fee
$750.00
Comparison rate*
4.15%
Ongoing fee
$200 annually
Compare
Solutions Plus Home Loan (Principal and Interest) ($250k-$500k, LVR 80%-90%)
Advertised rate
4.39%
Variable
Upfront fee
$750.00
Comparison rate*
4.64%
Ongoing fee
$200 annually
Compare
Fixed Home Loan (Principal and Interest) 3 Years
Advertised rate
3.88%
Fixed - 3 years
Upfront fee
$750.00
Comparison rate*
5.01%
Ongoing fee
$0
Compare
Fixed Investment Loan (Principal and Interest) 3 Years
Advertised rate
4.40%
Fixed - 3 years
Upfront fee
$750.00
Comparison rate*
5.01%
Ongoing fee
$0
Compare
Fixed Investment Loan (Principal and Interest) 2 Years
Advertised rate
4.23%
Fixed - 2 years
Upfront fee
$750.00
Comparison rate*
5.04%
Ongoing fee
$0
Compare
Fixed Home Loan (Principal and Interest) 5 Years
Advertised rate
4.49%
Fixed - 5 years
Upfront fee
$750.00
Comparison rate*
5.05%
Ongoing fee
$0
Compare
Fixed Home Loan (Principal and Interest) 4 Years
Advertised rate
4.36%
Fixed - 4 years
Upfront fee
$750.00
Comparison rate*
5.06%
Ongoing fee
$0
Compare
Fixed Investment Loan (Principal and Interest) 1 Year
Advertised rate
4.14%
Fixed - 1 year
Upfront fee
$750.00
Comparison rate*
5.11%
Ongoing fee
$0
Compare
Fixed Home Loan (Principal and Interest) 2 Years
Advertised rate
3.78%
Fixed - 2 years
Upfront fee
$750.00
Comparison rate*
5.12%
Ongoing fee
$0
Compare
Fixed Home Loan (Principal and Interest) 1 Year
Advertised rate
3.87%
Fixed - 1 year
Upfront fee
$750.00
Comparison rate*
5.27%
Ongoing fee
$0
Compare
Pros:
  • Flexible loan products.
  • Few ongoing fees.
  • Competitive interest rates.
Cons:
  • Limited to teachers or education employees and their families.
Teachers Mutual Bank customer service:

Customers of the Teachers Mutual Bank can access their funds via the RediATM network of cash machines across Australia. Phone banking and online banking is available 24/7, while the customer call centre is open six days a week. The customer service team can also be reached via email.

  • Customer service centre (phone lines open six days a week)
  • Mobile lenders 
  • Online banking
  • Email
  • Branch (minimal branch network)

How to Apply

Teachers Mutual Bank customers can apply for a home loan through the website or by calling a customer service representative for assistance. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

  • Personal identification material.
  • Proof of income and other earnings.
  • Proof and type of employment.
  • Details of current loans, debts and liabilities.
  • Personal insurance documents.
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