Solutions Plus Home Loan (Interest Only) ($500k-$750k, LVR 60%-80%)
- Last updated on 14 Aug 2020
based on $300,000 loan amount for 25 years
- 100% full offset account
- Extra repayments + redraw services
- Free redraw facility
- Repayments may decrease if RBA cuts rates
- Annual fee charged
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
Interest rate structure
$500k - $750k
Principal & interest
Loan term range
1 - 30 years
100% offset account
Unlimited extra repayments
Redraw fee: $0
Allows split interest
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Total estimated upfront fees
Other upfront fee
Minimum SMSF Amount
Compare and review home loans with similar features
Variable Home Loan (Interest Only)
specialAdvertised variable rates takes effect for new and existing customers from 30th Sep 2020, however customers applying for a home loan from Wednesday 12th of August will also receive these rates.
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.
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No. While we will do our best to show a list of loans that may suit your needs, if you choose to apply to refinance, it is up to the lender to approve or disapprove your loan based on your individual circumstances, after you have submitted all your paperwork.
This can sometimes take up to 30 days, so it is important to find out exactly what the criteria is for the loan, and what you need in terms of paperwork. RateCity does not make any suggestions taking into account your personal and individual needs.
To work out how much you could save, we run the home loan details you’ve provided through our database, and search for similar home loan options that we think would be suitable for you.
We then calculate the costs of these loan options over 15 years (to keep our calculations consistent) and compare them to the cost calculations for your current home loan.
Your $100 gift card works just like a digital VISA debit card and can be used anywhere that these cards are accepted until its balance runs out.