Firefighters Mutual BankYour Way Plus Interest Only Home Loan
Get flexibility for your home loan PLUS take advantage of our package benefits with special low rates Interest Only option and much more.
At a glance
- Max LVR
- 98%
- Annual fee
- $300
- Features
- offset, redraw, extra repayments
Rates
Every rate Firefighters Mutual Bank publishes for this home loan, 5 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableComparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. WARNING: This Comparison rate is true only for the examples given and may not include all fees… | Owner occupied, Interest only | - | 0–60% LVR | 6.49% | 6.60% | - |
| VariableComparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. WARNING: This Comparison rate is true only for the examples given and may not include all fees… | Owner occupied, Interest only | - | 60–70% LVR | 6.69% | 6.82% | - |
| VariableComparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. WARNING: This Comparison rate is true only for the examples given and may not include all fees… | Owner occupied, Interest only | - | 70–80% LVR | 6.79% | 6.44% | - |
| VariableComparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. WARNING: This Comparison rate is true only for the examples given and may not include all fees… | Owner occupied, Interest only | - | 80–90% LVR | 7.09% | 7.22% | - |
| VariableComparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. WARNING: This Comparison rate is true only for the examples given and may not include all fees… | Owner occupied, Interest only | - | 90–98% LVR | 7.44% | 7.57% | - |
Rate changes
5 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 9 Oct 2026 | Variable, Owner occupied, Interest only, 0–60% LVR | 6.24% | 6.49% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, Interest only, 60–70% LVR | 6.44% | 6.69% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, Interest only, 70–80% LVR | 6.54% | 6.79% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, Interest only, 80–90% LVR | 6.84% | 7.09% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, Interest only, 90–98% LVR | 7.19% | 7.44% | up 0.25 |
Each change is logged the night it appears in the rates Firefighters Mutual Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
13 fees published, grouped by when they're charged.
- When you take it outUp to $2507 fees, each listed below
- While you hold it$300 a yearPACKAGE_FEE-HOME_LOANS
- When you close it or pay it off$250MORTGAGE_DISCHARGE
When you take it out7
- FEE_FOR_FULL_VALUATION
A Full Valuation is where our external valuer physically attends the property to be mortgaged. The mortgage is our security for the loan. If we require a Full Valuation for more than one property, th…
$0 to $400 - LEGAL_FEES
At cost. For third party professional services used in the preparation of non-standard documents. At Cost.
$0 to $9,999,999 - LENDERS_MORTGAGE_INSURANCE
At cost. If you have less than the required deposit, we may ask you to pay Lender's Mortgage Insurance (LMI). LMI protects the bank in cases of default. The LMI premium is not a bank fee. At Cost.
$0 to $9,999,999 - LOAN_ADMINISTRATION_FEE
Payable for the processing and assessing of your home loan application and the preparation of your loan. Payable at the time of settlement/funding of your loan.
$250 - REGISTRATION_FEE
At cost. A government charge, payable if and when there is a need to register, transfer or discharge an interest on the Certificate of Title. At Cost.
$0 to $9,999,999 - STAMP_DUTY
A cost. A government charge payable to State revenue office when we need to stamp your mortgage to accommodate credit provided under this contract at the amount payable under the relevant stamp duty…
$0 to $9,999,999 - TITLE_SEARCH
Fee applies for additional title searches that may be required in addition to those already included in the Establishment fee and Top up fee. At Cost.
$1
While you hold it1
- PACKAGE_FEE-HOME_LOANS
Applicable for New loans after 1 August 2019. The package fee for your home loan will be debited from the nominated Everyday Direct account when your home loan is first approved and then on every ann…
$300 a year
When particular things happen3
- ADDITIONAL_SECURITY_FEE
Fee applies for each additional security taken.
$120 - DEFAULT_NOTICE_FEE
Payable when we send you a default notice asking you to remedy a default under your credit contract.
$25 - LOAN_VARIATION_FEE
Payable when you apply to vary the terms of your loan. Payable when the variation is agreed between us.
$200
When you close it or pay it off1
- MORTGAGE_DISCHARGE
For preparation of discharge documentation on your written request. $250 in NSW and at cost in other states. At Cost.
$250
Other fees1
- COLLECTION_CHARGES
At cost. Payable when we request an agent to assist our efforts to address defaults under your contract before we can commence legal action. At Cost.
$0 to $9,999,999
Features
- Ability to split loan
- Ability to switch loan
- Ability to Top Up
- Borrow up to 90% of the property value prior to capitalisation of Lenders Mortgage Insurance
- Discounted Variable rates for life of the loan
- Construction loan available whilst repayments are in Interest Only
Eligibility and limits
- Minimum age 18
- Residency: Individuals must be citizens of permanent residents of Australia.
- Available to individuals
- Amount from $150,000, no maximum
- Maximum LVR 98%
- You must be a member. Firefighters Mutual Bank is for current or retired employees of, or current volunteers with, a fire and/or emergency service and their families, and is completely owned by its m…
- All applications for credit are subject to responsible lending criteria. Fees and charges apply. You can find our Consumer Lending terms and conditions online or from any of our offices.
- Borrower must have satisfied Your Way Plus Home Loan Package eligibility.
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Published by Firefighters Mutual Bank under the Consumer Data Right, last changed by them on 8 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.