The Mutual Bank
Budget Home Loan
A low cost home loan with a competitive variable interest rate.
Home loansBank updated 13 Aug 2026
At a glance
- Variable (owner occ. P&I)
- 5.79% · 5.79% comparison
- Variable (investor P&I)
- 6.69%
- Max LVR
- 95%
- Features
- redraw, extra repayments
§ 01 — Rates · 6
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableLVR 60% to 79.99%. | Investment · P&I | — | — | 6.69% | 6.69% | — |
| VariableLVR up to 59.99%. | Investment · P&I | — | — | 6.69% | 6.69% | — |
| VariableLVR 80% to 90%. | Investment · P&I | — | — | 7.48% | 7.48% | — |
| VariableFor LVR 60% to 79.99%. | Owner occupied · P&I | — | — | 5.79% | 5.79% | — |
| VariableLVR up to 59.99%. | Owner occupied · P&I | — | — | 5.79% | 5.79% | — |
| VariableFor LVR 80% to 95%. | Owner occupied · P&I | — | — | 7.08% | 7.08% | — |
§ 02 — Fees · 16
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| AGENTS_COSTS | Cash advance | Varies | — | Amount not ascertainable. Payable to us or our solicitor or their agent when they attend to the registration of a discharge of mortgage at your request or when an agent is required to attend a settle… |
| INFORMATION_FEE | Cash advance | $20 | — | $1.00 per minute ($20.00 minimum fee). The fee will be calculated on the actual time spent retrieving and providing the information requested. Payable to us to provide information and that informatio… |
| VALUATION_FEE_CONSUMER_LOANS | Cash advance | Varies | — | Valuation fees are available upon enquiry. Payable in relation to each property to which a loan is secured, and may vary according to the location of the secured property. Initial valuation fee waive… |
| CHEQUE_ISSUING_FEE | Event | $2.50 | — | Payable to us when a payment is made from your loan account by way of Financial Institution (FI) Cheque. |
| CONSENT_FEE | Event | $200 | — | Per consent. Payable to us when you ask us to consent to leasing, subdividing or any other dealing in relation to the security property. |
| DEFAULT_ADMINISTRATION_FEE | Event | $50 | — | Payable to us when the borrower (or security provider) has not performed an obligation on time including an obligation to pay money. This fee is payable monthly commencing one month after the obligat… |
| DISCHARGE_ADMINISTRATION_FEE | Event | $200 | — | Per Security. Payable to us each time we release a security. |
| DISHONOUR_FEE | Event | $9 | — | Payable to us when a payment (such as a direct debit, salary deduction or cheque) is dishonoured. |
| DUPLICATE_FEE | Event | $20 | — | Per copied document. Payable to us when we provide a copy of a document. |
| DUPLICATE_STATEMENT_FEE | Event | $7 | — | Per statement. Payable to us when we provide a copy of a statement at your request. |
| PHOTOCOPYING_FEE | Event | $0.50 | — | Per sheet. Payable to us when we provide a photocopy of any document at your request. |
| PRODUCTION_FEE | Event | $200 | — | Per document per production. Payable to us if, at your or a security provider's request, we produce a document to the Land and Property Information division of the NSW Department of Lands or its equi… |
| RENEGOTIATION_FEE | Event | $300 | — | Per renegotiation. Payable to us whenever we agree to renegotiate or vary conditions on your loan other than altering interest rate options. |
| SECURITY_SUBSTITUTION_FEE | Event | $300 | — | Per new security. Payable to us to substitute a new security for an existing one. |
| SETTLEMENT_FEE | Event | $150 | — | Per settlement. Payable to us each time we or our solicitors attend settlement in connection with a security. |
| SWITCHING_FEE | Event | $300 | — | Per switch. Payable to us when you convert from one interest rate option to another within your existing loan or if you elect to switch to another of our loan products |
§ 03 — Features
RedrawExtra repaymentsDigital banking
- · Loan terms of up to 30 years
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Australian citizen or a permanent resident of Australia or otherwise approved
- · Amount $100,000 to no maximum
- · Maximum LVR 95%
- · Secrued by approved residential or rural lifestyle property
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by Maitland Mutual Limited under the Consumer Data Right, last changed by them on 13 Aug 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.