The Mutual Bank
Express Credit Facility
A line of credit facility. Use the equity in your home and draw up to your approved credit limit.
Home loansBank updated 17 Aug 2026
At a glance
- Max LVR
- 80%
- Annual fee
- $120
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Investment · Interest only | — | — | 8.64% | — | — |
§ 02 — Fees · 22
| 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… |
| ATM_OWNER_FEE | Cash advance | Varies | — | This fee amount is disclosed at the time of the ATM transaction and charged by the ATM owner for an ATM transaction including an ATM enquiry. |
| 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… |
| REPLACEMENT_CARD_FEE_-_VISA_DEBIT_CARD | Cash advance | Varies | — | $Nil - Payable if you request a replacement Visa Debit Card. |
| 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. |
| OVERDRAWN_FEE | Event | $9 | — | If your Account is overdrawn, without our prior agreement, a fee will be charged each time this occurs. Penalty interest (at the rate disclosed on the Deposit Interest Rate Schedule) will also be cha… |
| 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. |
| REPLACEMENT_CARD_FEE_(INTERNATIONAL) | Event | $100 | — | Payable if you request a replacement card when overseas via Visa Global Cardholder Assistance Service (GCAS), payable when the request is processed. |
| 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. |
| EXPRESS_CREDIT_ACCOUNT_FACILITY_FEE | Periodic | $10 | Every 1 mo | Payable each month or part of the month.This fee is charged to Express Credit Account on the last day each month and on the date of cancellation of the express credit facility. |
| FOREIGN_CURRENCY_CONVERSION_SERVICE_FEE | Transaction | 1.00% of transaction | — | A 1% service fee on the Australian dollar equivalent is payable for foreign currency transactions using your Mutual Visa Debit Card. |
| LOAN_APPLICATION_FEE_HOME_LOAN_OR_EXPRESS_CREDIT | Upfront | $300 | — | Payable to cover costs when you apply for a loan. |
§ 03 — Features
Instant paymentsPayIDDigital bankingUnlimited transactionsApple Pay and Google Pay
- · No minimum repayments required providing debt remains within approved limit
- · Staff assisted transactions - Branch and Contact Centre
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Australian citizen or a permanent resident of Australia or otherwise approved
- · Amount $10,000 to no maximum
- · Maximum LVR 80%
§ 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 17 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.