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Teachers Mutual Bank

Your Way Fixed Home Loan

Advertised Rate

2.24

% p.a

Fixed - 1 year

Comparison Rate*

4.14

% p.a

Maximum LVR
98%
Real Time Rating™

1.29

/ 5
Monthly Repayment

$1,307

based on $300,000 loan amount for 25 years at 2.24%

Advertised Rate

2.24

% p.a

Fixed - 1 year

Comparison Rate*

4.14

% p.a

Maximum LVR
98%
Real Time Rating™

1.29

/ 5
Monthly Repayment

$1,307

based on $300,000 loan amount for 25 years at 2.24%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,307

based on $300,000 loan amount for 25 years at 2.24%

Teachers Mutual Bank home loans are available through brokers who can help find the right loan and manage your application at no charge.

MD ALI Kawser

4.9
7 Reviews

Get expert advice from a home loans specialist.

I am Ali Kawser, a mortgage broker for 6 years and in the finance industry for 10 years. An investor myself, I have bought my first property in 2016 and owned investment property in 2018. I work from my home office, love to have a balance between work and family. I have helped many of my clients to achieve their dream to purchase their first property, also to purchase investment properties for a better retirement. Most of my meetings and appointments with clients are after hours, means you don't have to hurry to meet the schedule. Through a mortgage broker like myself, you'll have a choice of over 40 lenders including the big four for your convenience. Give us a call, you'll have a better experience!

Response time: in 31 minutes | Our brokers call during business hours between 9.00am to 6.00pm.

Collins Mayaki

4.9
177 Reviews

Get expert advice from a home loans specialist.

I pride myself on building long term relationships with my clients. I’ve been in the industry for over 14 solid years with a combined 30 years experience within our firm (Wealthy You). this gives clients that extra peace of mind knowing we’ve been around for a long time. We’ve worked on hundreds of applications. There isn’t a scenario we haven’t come across. We hold your hands from start to finish. As far as our company Wealthy You goes, with 30 years finance experience, we’ve got team members specialised In multiple areas within finance, for example: SMSF Loan, Construction Loans, Reverse Mortgage, Development Loans, Business Loans, Car Loan, Home Loan/Refinance/Purchasing And much much more. We go through every single file to make sure it will get approved before submission because we’ve got brokers within the team that worked with the banks for many years as people that APPROVED and DECLINED files.

Response time: in 31 minutes | Our brokers call during business hours between 9.00am to 6.00pm.

Quick home loan review

For Your Way Fixed Home Loan (Principal and Interest) 1 Year

These are the benefits of this home loan.

  • Interest rates ranked in the best 20%
  • No ongoing fees
  • 100% full offset account
  • Suitable for low deposits
  • Parents can sign as guarantor
  • Split account option

These are the drawbacks of this home loan.

  • No extra repayments
  • No redraw facility
  • Loan reverts to higher rate after fixed period
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Your Way Fixed Home Loan (Principal and Interest) 1 Year

TMD

Details

Maximum LVR

98%

Total Repayments

Next LVR

Interest rate type

Fixed - 1 year

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

Not Allowed

Redraw facility

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

600

Application fee

600

Valuation fee

$0

Settlement fee

0

Other upfront fee

0

Ongoing fee

$0

Discharge fee

75

Application method

Online

Phone

In branch

Target Market Determination

Visit Teachers Mutual Bank to view Target Market Determination.

Other Restrictions

LVR >95% Only Available for First Home Loan Deposit Scheme

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Teachers Mutual Bank is available through brokers

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $25k 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 98 percent, which means it requires a minimum deposit of 2 percent

What's the maximum length for this loan?

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

How often can you make repayments?

Teachers 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 $600 worth of upfront fees.

Does this loan come with a redraw facility?

No, this loan doesn't come with a redraw facility.

How do you apply for this loan?

To apply for this loan, please contact Teachers Mutual Bank.

Can a broker help me with this loan?

Yes, this Teachers Mutual Bank loan is available through a broker. Find a broker to help you with your needs.