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  3. Companies
  4. Teachers Mutual Bank
Teachers Mutual Bank

Teachers Mutual Bank home loans

Teachers Mutual Bank was formed in 1966 as the Hornsby Teachers Association Credit Union. It officially changed its name to Teachers Mutual Bank in 2010.

The Teachers Mutual Bank serves employees who work in the education sector, and their families. As a mutual bank, every customer is a shareholder and has a say in how it is run.

Its range of financial service products includes home loans, savings accounts, personal loans, credit cards, and insurance services.

Teachers Mutual Bank Home Loan Calculator
Interested in an Teachers Mutual Bank home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Teachers Mutual Bank compares to its competitors. Simply plug in your borrowing amount below. 

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Content updated
Product data updated22 Oct, 2023

Important disclosure

Why choose Teachers Mutual Bank

Benefits

  • Flexible loan products.
  • Few ongoing fees.
  • Competitive interest rates.

Drawbacks

  • Limited to teachers or education employees and their families.

Teachers Mutual Bank Home Loans

Loan amount

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We provide links to some financial institutions. If you click through to a financial institution, you can get more product information, apply for or purchase the product and RateCity may earn a fee for referring you. This is one of the ways RateCity makes money and how we can offer our comparison service to you for free. See how we make money for more.

Compare
Company
Product
Your Way Standard Variable Home Loan
Real Time Rating™
Features
Owner Occupied
2% min deposit
P&I
Extra repayments
Australian Credit Licence 238981
Interest Rate
Comparison Rate*
Repayment

8.29%

p.a

Variable

8.36%

p.a

$2,769

monthly

Go to site
Australian Credit Licence 238981
Compare
Company
Product
Your Way Plus Variable Home Loan
Real Time Rating™
Features
Owner Occupied
40% min deposit
P&I
Offset Account
Australian Credit Licence 238981
Interest Rate
Comparison Rate*
Repayment

6.39%

p.a

Variable

6.69%

p.a

$2,339

monthly

Go to site
Australian Credit Licence 238981
Compare
Company
Product
Your Way Basic Variable Home Loan
Real Time Rating™
Features
Owner Occupied
2% min deposit
P&I
Extra repayments
Australian Credit Licence 238981
Interest Rate
Comparison Rate*
Repayment

6.64%

p.a

Variable

6.70%

p.a

$2,394

monthly

Go to site
Australian Credit Licence 238981
Compare
Company
Product
Your Way Basic Variable Home Loan
Real Time Rating™
Features
Owner Occupied
20% min deposit
P&I
Extra repayments
Australian Credit Licence 238981
Interest Rate
Comparison Rate*
Repayment

5.64%

p.a

Variable

5.70%

p.a

$2,179

monthly

Go to site
Australian Credit Licence 238981
Compare
Company
Product
Your Way Basic Variable Home Loan
Real Time Rating™
Features
Owner Occupied
20% min deposit
Interest Only
Extra repayments
Australian Credit Licence 238981
Interest Rate
Comparison Rate*
Repayment

6.04%

p.a

Variable

5.87%

p.a

$1,762

monthly

Go to site
Australian Credit Licence 238981

Home Loans calculator

Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.

$
130
25 years

Your estimated mortgage repayments

at interest rate 5.64%

Total interest payable

$0

Total loan repayments

$0

Teachers Mutual Bank customer service

Customers of the Teachers Mutual Bank can access their funds via the RediATM network of cash machines across Australia. Phone banking and online banking is available 24/7, while the customer call centre is open six days a week. The customer service team can also be reached via email.

  • Customer service centre (phone lines open six days a week)
  • Mobile lenders 
  • Online banking
  • Email
  • Branch (minimal branch network)

How to Apply

Teachers Mutual Bank customers can apply for a home loan through the website or by calling a customer service representative for assistance. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

  • Personal identification material.
  • Proof of income and other earnings.
  • Proof and type of employment.
  • Details of current loans, debts and liabilities.
  • Personal insurance documents.

On this page

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