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Loan Details

 

Lender
Teachers Mutual Bank
Comparison Rate
3.54
Name
Classic Home Loan Investment
Lender
Teachers Mutual Bank
Product Name
Classic Home Loan
Product Details
Teachers Mutual Bank provides access to financial products and services for current or retired employees of the Australian education sector or family members of members (ie shareholders) of the Bank (Individuals must be citizens or permanent residents of Australia). P&I repayments with max LVR 85% plus LMI. Offers a redraw facility and no monthly fees. Min loan amount $150k
Variable Rate
3.5
Fixed Rate
Fixed Period
Introductory Discount Rate
Discount Period
Application Fees
600
Discharge Fees
Ongoing Fees
Valuation Fees
330
Lenders Legal Fees
Lenders Settlement Fees
0
Minimum Loan Amount
150000
Max Loan Amount
1000000
Owner Occupied
N
Investment
Y
Repayment Option
Principal & Interest
ACT
Y
NSW
Y
TAS
N
QLD
Y
VIC
Y
SA
N
WA
N
NT
N
Standard Variable
N
Fixed
N
Interest In Advance
N
Reverse Mortgage
N
Basic
Y
No Doc
N
Low Doc
N
Equity
N
Intro
N
Credit Impaired
N
Professional Pack
N
Minimum Loan Term (years)
1
Max Loan Term (years)
30
Rate Details
Fee Details
Application/Establishment Fee includes cost of preparing standard documents, 1 automated valuation model or desktop valuation, 3 title searches and settlement attendance. External valuation fee $330 (payable when an external valuer is required to conduct a valuation of the security property.
Internet Banking
Y
Mortgage Offset Available
N
Redraw Details
Redraw available - no fee.
Redraw Facility
Y
Construction
N
Can Make Extra Repayments
Y
Repayments Fortnightly
Y
Repayments Monthly
Y
Repayments Weekly
Y
Salary Direct Available
Y
Portability
Y
Split Available
N
Split Details
N/A