Teachers Mutual Bank
★ 4.0 / 5
credit union · Est. 1966 · HQ NSW · ABN 30 087 650 459
Customer-owned bank serving the education sector; now part of TMBL umbrella.
Pros & cons
Pros
- Education-sector focus
- Strong refinance offers
- Member-owned
Cons
- Restricted eligibility on some products
- Tech behind
Teachers Mutual Bank home loan products
| Product | Type | Rate | Comp. rate | Features |
|---|---|---|---|---|
| Your Way Plus Variable | variable | 6.14% | 6.17% | offset, redraw, extra repay |
Indicative monthly repayment on a $500,000 loan over 30 years at Teachers Mutual Bank's lowest rate (6.14% p.a.): $3,043/month. Run a full comparison on our repayment calculator.