Your Way Home Loan

Stay in control with the flexibility you need to do your home loan, your way.

5.89%pa

Your Way Home Loan Basic Variable rate* (Owner, P&I, LVR up to 80%)
5.95%pa**

Your Way Home Loan Basic comparison rate (Owner, P&I, LVR up to 80%)

Is this a home you'll love?

Want to know your dream home will suit you as you grow and change? This loan has the flexibility you need. Stay in control with the ability to adapt your loan as your needs change. Get the flexibility and confidence to thrive in the future, whatever comes your way.

What you'll get

Rates

Get the best of both worlds with fixed and variable rate options.

Fee-Free Redraws

Get the security of unlimited fee-free redraw.

Unlimited additional repayments

Make unlimited additional repayments on variable loans.

Flexibility

The ability to top-up when it suits you and switch your loan should your situation change.

Get in touch today.

Take the next step in your home loan journey.

Talk to a Lending Specialist

We can visit you at home, call you on the phone, or speak to you on a video call.

Book an appointment

Apply Online

Complete an online application to fast track your home loan financing.

Begin application

Got a Question?

Enquire Online

Your Way Home Loan interest rates

Principal and Interest repayments

Get the best of both worlds with fixed and variable rate options.

	Interest rates	Comparison rate
Basic Variable LVR up to 80%^*	5.89%pa	5.95%pa**
Basic Variable LVR > 80%^*	6.64%pa	6.70%pa**
1 year fixed	6.44%pa	8.15%pa**
2 year fixed	6.44%pa	7.97%pa**
3 year fixed	6.44%pa	7.80%pa**
4 year fixed	7.44%pa	8.03%pa**
5 year fixed	7.44%pa	7.97%pa**
Standard Variable^{^}	8.29%pa	8.36%pa**

Interest rates effective 24 October 2023.

Interest Only repayments

Available when you only want to pay the interest portion of your home loan. Construction is only available with a variable rate.

	Interest rates	Comparison rate
Basic Variable LVR up to 80%^*	6.29%pa	6.12%pa**
Basic Variable > 80%^*	7.04%pa	6.87%pa**
1 year fixed	6.84%pa	8.20%pa**
2 year fixed	6.84%pa	8.05%pa**
3 year fixed	6.84%pa	7.93%pa**
4 year fixed	7.84%pa	8.18%pa**
5 year fixed	7.84%pa	8.15%pa**
Standard Variable^{^}	8.69%pa	8.54%pa**

Interest rates effective 24 October 2023.

Information


Purpose	Owner occupied and construction
Minimum Amount	Minimum loan amount for Basic Variable $150,000 Minimum loan amount for Standard Variable $25,000
Maximum Amount	Up to 90% of the property value prior to the capitalisation of Lenders Mortgage Insurance where the purpose is construction Up to 90% of the property value including Lenders Mortgage Insurance where any part of the loan has a fixed rate component Up to 95% of the property value including Lenders Mortgage Insurance where all of the loan is on a variable rate (i.e. with no fixed rate component) Up to 98% of the property value for loans under the Home Guarantee Scheme (depending on scheme type)
Repayment type	Principal and interest and Interest only
Interest rate type	Variable and/or fixed up to 5 years
Interest calculated	Daily, charged monthly
Construction loan	Yes – variable rate only
Establishment fee	$600
Annual fee	$0
Additional repayments	Yes – variable rate only
Offset facility	No
Redraw	Yes – fee free. Variable rate only
Split loan	Yes
Top up	Yes

For full details of our fees, please review the Fees and Charges brochure.

Download the Fees and Charges brochure [PDF]

Looking for a home loan with even more features?

Your Way Plus Home Loan

Get flexibility for your home loan PLUS our package benefits. If you’re an Essential worker^ you’ll get access to the discounted rate below. Higher rates apply for persons who are not Essential workers^.

Learn more
- 6 .34
  pa %
  
  Your Way Plus Essential Worker^ variable rate (Owner, P&I, LVR up to 60%)
- 6 .64
  pa** %
  
  Your Way Plus Essential Worker^ comparison rate (Owner, P&I, LVR up to 60%)
- Discounted Variable rates for life of the loan
- Establishment fee waived (normally $600)
- Flexibility to make additional repayments on variable rate loans and up to $10k per anniversary year on fixed rate loans
- 100% Offset facility so you can pay your loan down faster
6 .34
pa %

Your Way Plus Essential Worker^ variable rate (Owner, P&I, LVR up to 60%)

6 .64
pa** %

Your Way Plus Essential Worker^ comparison rate (Owner, P&I, LVR up to 60%)

Apply Become a member

Giving back to essential workers

We know essential workers are vital to our future, that's why we're looking out for theirs. Take advantage of discounts and benefits, including fees waived, and lower rates for the term of your loan.

Learn about our package for essential workers

More information to help you on your journey

Buying a property

We’re here to guide you on your mission to home ownership. Find out the steps involved in the buying process.

Learn more
Buying your first home?

The First Home Guarantee not only gives you the chance to get into the market sooner with a very low minimum deposit, but with no Lenders Mortgage Insurance, you could save thousands!

Learn more
Which home loan is right for me?

A simple guide to the types of loans available including their strengths and weaknesses and extra features to consider.

Learn more

**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.

*Important information

* Minimum loan amount for Your Way Basic Variable is $150,000

^Minimum loan amount for Your Way Standard Variable is $25,000.

Upon expiry of fixed term, Your Way Fixed (Owner Occupied) and Your Way Fixed (Investor) revert to the respective Your Way Standard Variable P&I product and rate.

Membership Eligibility and Lending Criteria

Eligibility criteria apply to join Teachers Mutual Bank Limited. Fees and charges and lending criteria apply. Consumer lending terms and conditions available here.

Redraw Facility

Redraw is only available if borrowers have made additional repayments. If your loan has a redraw facility, you do not need to register to use the redraw facility on your loan account.

Lenders Mortgage Insurance

Lenders Mortgage Insurance, or LMI, insures the lender in the event that the borrower defaults on the mortgage. It does not insure the borrower. Borrowers must still meet lending eligibility criteria for both the lender and the LMI provide

Interest Only Loans

For interest only loans, repayments must be made monthly. Maximum Interest Only period of up to 5 years after which, loan must revert to Principal & Interest repayments.

Design and Distribution Obligations

The target market for this product will be found within the product’s Target Market Determination, available here.