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Buying your first home? Let us make your first home purchase a rewarding experience.

3.07% pa
variable interest rate

3.10% pa1
comparison rate

  • The ability to borrow up to 95% without requiring lenders mortgage insurance via the First Home Loan Deposit Scheme2
  • Affordable 40-year loan term
  • 100% offset account available
  • Assistance with applying for the First Home Owner Grant
  • Complimentary Financial Planning assessment
  • Family Support Option3
  • Redraw facility
  • Valuation fee waived (up to $500)
  • Establishment fee waived ($250)
  • Competitive rates & features4

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First Home Buyers Standard Variable
Interest Rates
Variable interest rate3.07% pa
Comparison rate3.10% pa1
Fees
Establishment fee$0 
Valuation fees included within establishment fee?No 
Annual fee$0 
Monthly fee$0 
Fixed discharge fee$180 
Features
Redraw facilityYes 
Offset accountYes 
Loan repayment insuranceYes 
Additional repayments acceptedYes 
Simulator Defaults
Minimum loan amount$20,000 
Maximum loan amount$10,000,000 
Maximum % amount of property value with family support100%3
Maximum % amount of property value with mortgage insurance95%
Maximum % amount of property value80%
Maximum % amount of land only70%
Calculation Options
Level repaymentsNo 
Enable interest capitalisation optionNo 


 

1 This comparison rate is based on a $150,000 loan over a term of 25 years. WARNING This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. All loan applications are subject to Australian Mutual Bank normal lending criteria. Fees and charges, terms and conditions apply.

2 Subject to meeting the First Home Loan Deposit Scheme eligibility criteria

3 Family Support is available for borrowers, especially first home buyers with no deposit, who have an immediate family member that is willing and able to offer security, e.g. their own property, as Guarantor on the loan to secure a portion of the loan. The Guarantor's financial position should be such that they are able to meet their obligations under the guarantee. Non-Resident guarantors are not eligible.

4 Request a Home Loan Key Facts Sheet. All applications are subject to Australian Mutual Bank normal lending criteria. Fees and charges, terms and conditions apply.