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- Budget Home Loan
Budget Home Loan
- Owner Occupied
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
5.89%
Comparison rate* p.a.
5.89%
Budget Home Loan
- Owner Occupied
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
5.89%
Comparison rate* p.a.
5.89%
The Mutual Bank Variable Rate Home Loan overview
For Budget Home Loan Special (Principal & Interest) (LVR < 80%)
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
80%
Total repayments
Interest rate type
Variable
Borrowing range
$100k - $750k
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, QLD, VIC
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit The Mutual Bank to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$150
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$150
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$200
Pros and Cons
For Budget Home Loan
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Extra repayments and redraw facility
- Free redraw facility
Drawbacks
- No offset account
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays