Australian Mutual Bank - Fixed Rate Home Loan Owner Occupied
Fixed | Fixed for 2 years | Owner Occupied | Principal & Interest | LVR up to 95% (with LMI) | Borrowing more than $20,000
The Australian Mutual Bank Fixed Rate Home Loan Owner Occupied offers an advertised interest rate of 5.74% p.a. and a comparison interest rate of 6.37% p.a.. The Australian Mutual Bank Fixed Rate Home Loan Owner Occupied is suitable for Owner Occupiers with Fixed terms.
More Australian Mutual Bank Fixed Rate Home Loan Owner Occupied details can be found below or visit Australian Mutual Bank to learn more or apply.
A Fixed rate loan for Owner Occupiers repaying the Principal & Interest with an advertised interest rate of 5.74% p.a. and a comparison interest rate of 6.37% p.a.
Advertised Rate
5.74% p.a. Fixed - 2 years
Comparison Rate
6.37% p.a. Fixed - 2 years
Application Fee
$250 one off
Loan To Value
95%
Interest
Rate Type
Fixed
Fixed Period
2
years
Advertised Rate
5.74% p.a.
Fixed - 2 years
Comparison Rate
6.37% p.a.
Fixed - 2 years
Calculation Frequency
Daily
Application Frequency
Monthly
Terms
Suitability
Owner Occupiers
Borrowing
$20,000
Term
1 to 30
years
Loan To Value
95%
Repayment
Type
Principal & Interest
Frequency
Weekly, Monthly, Fortnightly
Extra Repayments
Yes
Fees
Application Fee
$250
one off
Ongoing Fee
$0
per month
Discharge Fee
$180
per event
Rate Lock Fee
$1,000
per event
Switch Loan Fee
$300
per event
Features
Redraw
Yes
Loan Offset
No
Allow Guarantors
Yes
Loan Switching
Yes
Rate Lock
Yes
Who is the product designed for?
The target market of this product are retail clients who are over 18 years of age and are seeking:
- To purchase, refinance or renovate an owner occupied property only
- An owner occupied loan that meets their capacity to repay
- The certainty of a fixed interest rate for a determined period of time
- To offer a first registered mortgage over real property as security for the loan
- To make regular repayments of interest and principal over the term of the loan
Visit Australian Mutual Bank to view Target Market Determination Effective From: 2022-07-01.
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