Teachers Mutual Bank lifted its variable home-loan rates by 0.25 percentage points from 8 October 2026, Ratesniffers records. Every lender's date is in the RBA rate pass-through tracker.
A verified Teachers Mutual Bank product example is Your Way Basic Home Loan 70% - 80% LVR Owner Occupied P&I: 6.44% p.a. (6.48% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
A verified Teachers Mutual Bank product example is Your Way Plus 1 Year Fixed Owner Occupied 70% - 80% LVR P&I: 6.39% p.a. (6.71% comparison rate), 12-month fixed, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
A verified Teachers Mutual Bank product example is Your Way Basic Home Loan 70% - 80% LVR Owner Occupied P&I: 6.44% p.a. (6.48% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
Teachers Mutual Bank is a customer-owned bank serving the education sector, also operating UniBank, Firefighters Mutual Bank and Health Professionals Bank under one cooperative structure. Its Your Way Plus and Solutions Plus home loans add offset and redraw for sector members.
Ratesniffers compares Teachers Mutual Bank home loan products by comparison rate. A verified Teachers Mutual Bank product example is Your Way Basic Home Loan 70% - 80% LVR Owner Occupied P&I: 6.44% p.a. (6.48% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. A verified Teachers Mutual Bank product example is Your Way Plus 1 Year Fixed Owner Occupied 70% - 80% LVR P&I: 6.39% p.a. (6.71% comparison rate), 12-month fixed, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. Compare Teachers Mutual Bank against the wider market on home loan rates, check the comparison rate used to rank the table, or model extra payments with the extra repayments calculator.
A verified Teachers Mutual Bank product example is Your Way Basic Home Loan 70% - 80% LVR Owner Occupied P&I: 6.44% p.a. (6.48% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. A verified Teachers Mutual Bank product example is Your Way Plus 1 Year Fixed Owner Occupied 70% - 80% LVR P&I: 6.39% p.a. (6.71% comparison rate), 12-month fixed, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. These selected examples do not establish the lowest rate across every product or borrower scenario.
Ratesniffers currently tracks 350 Teachers Mutual Bank home loan products across variable, fixed and interest-only options for owner-occupiers and investors, and ranks the 44 that pass our data-quality checks on this page. Every rate is ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest products sit at the top.
| Product type | Rate | Comparison rate | Max LVR |
|---|---|---|---|
| Fixed 1-year Investor interest-only | 6.89% p.a. | n/a | 90% |
| Fixed 4-year Owner-occupier P&I | 6.89% p.a. | 6.73% p.a. | 60% |
| Fixed 4-year Owner-occupier P&I | 6.89% p.a. | 6.88% p.a. | 98% |
| Fixed 4-year Owner-occupier P&I | 6.89% p.a. | 6.88% p.a. | 70% |
| Fixed 4-year Owner-occupier P&I | 6.89% p.a. | 6.88% p.a. | 80% |
| Fixed 1-year Investor interest-only | 6.89% p.a. | n/a | 95% |
| Fixed 2-year Owner-occupier P&I | 6.89% p.a. | 6.37% p.a. | 95% |
| Fixed 2-year Owner-occupier P&I | 6.89% p.a. | 6.37% p.a. | 98% |
| Variable Owner-occupier interest-only | 6.79% p.a. | 6.92% p.a. | 98% |
| Variable Owner-occupier interest-only | 6.79% p.a. | 6.92% p.a. | n/a |
| Fixed 2-year Investor interest-only | 6.94% p.a. | n/a | 60% |
| Fixed 2-year Investor interest-only | 6.94% p.a. | n/a | 70% |
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
Teachers Mutual Bank has served the education sector since 1966. Membership is open to people who work, have worked or are studying in education, plus their immediate families, and in May 2026 it completed a merger with Australian Mutual Bank, lifting the group to over $14.2 billion in assets.
The wider Teachers Mutual Bank Ltd group also operates UniBank, Health Professionals Bank and Firefighters Mutual Bank as profession-based brands on the same licence, all customer-owned.
Teachers Mutual Bank tends to suit teachers and education staff who want a customer-owned lender that understands their pay structures, including allowances and part-time loads. Mutual pricing is often sharp for the sector, but compare its comparison rate against the whole market in the table above.
Background facts checked 3 September 2026. Rates above refresh independently.
Checked 8 Oct 2026. Lender fees and policy change without notice, so confirm the detail with the lender before you apply.
Sources checked 3 September 2026: Teachers Mutual Bank Ltd, About us.
