Category: Home Loans Last Updated December 1, 2023 Effective May 3, 2024
General Lending Rates
Rates listed below are for a FIXED Owner Occupied P&I product. Additional Information 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.
Interest Rate 5.48% PA
Comparison Rate 6.24%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Features
OtherAdditional Information: Fixed terms between 1 - 5 years available
OtherAdditional Information: 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
OtherAdditional Information: Loan period - Up to 30 years
OtherAdditional Information: No Annual Fees
RedrawAdditional Information: You must be at least one months repayment in advance to obtain a redraw
OtherAdditional Information: Additional Repayments accepted (up to $20,000 during the fixed period)
OtherAdditional Information: A Break Cost Fee applies to fixed rate loans. Please refer to our Fees & Charges and Transaction Limits for more information.
Digital BankingAdditional Information: Check your accounts and transact online 24/7
OtherAdditional Information: At the end of the fixed period the rate reverts to the Owner Occupied Standard Variable rate
OtherAdditional Information: Borrow up to 80% of property value. 95% with Mortgage Insurance. 90% with mortgage insurance for interest only. 70% land only. Mortgage insurance is subject to approval by the Mortgage Insurer
Product Eligibility
Residency Status - Australia Citizen Or Permanent Resident. Additional Information: Australia Citizen or Permanent Resident
Min Age - 18. Additional Information: 18 years or older
OtherAdditional Information: Become a member if loan is approved
OtherAdditional Information: Have a beneficial interest in the loan
OtherAdditional Information: All applications are subject to approval within AMBL credit policy
Bank Fees and Charges
Loan Establishment Fees - For Mortgage Loans (Upfront), Amount: 250.00.
Certificate Of Title Production (Upfront), Amount: 50.00.
Consent For Second Mortgage (Upfront), Amount: 200.00. Additional Information: Credit and loan fees and Charges
Switching Fee For Switching Your Australian (Upfront), Amount: 300.00. Additional Information: Switching fee for switching your Australian Mutual Bank home loan to another loan type (except at the end of the fixed rate period)