**Comparison rate warning
Comparison 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 and charges. Different terms, fees or other loan amounts might result in a different Comparison rate.
^The interest rates shown are for new business only and for Principal and Interest repayments. Existing borrowers can find out their current interest rate by checking their statement, accessing their loan account in internet banking or by contacting us.
We are offering a special interest rate (‘Special Rate’) for a period to members who apply for an owner occupied Classic Home Loan with Teachers Mutual Bank Limited (‘The Bank’) between 1 November 2019 and 29 February 2020, with unconditional approval received by 31 March 2020 and loan settled by 30 June 2020. The offer is subject to certain conditions as follows:
The Special Rate of 2.80%pa (comparison rate 3.29% pa**) will apply for 12 months from date of first loan drawing. This offer is available only to members who apply during the ‘Special Rate’ period and excludes top ups, internal refinances and existing Teachers Mutual Bank Limited loans. Minimum loan amount is $250,000 with a maximum of $1,000,000. Maximum loan-to-valuation ratio of 80% applies. Principal and Interest repayments only.
The Special Rate offer will cease 12 months from the funding date, at which time your home loan will revert to the then applicable Classic home loan variable interest rate.
The Special Rate offer may be withdrawn or amended by the Bank at any time. Once the special interest rate applies, the interest rate will not alter during the relevant 12 month period. After that, the then variable interest rate will apply, which is subject to change at any time.