Interest
8.74%p.a.
Comparison*
Not available
Est. repayment
$3,930
LVR ≤95%
Teachers Mutual Bank Home Loan Rates
Tracked products
350
Lowest variable
5.99%
Lowest fixed
6.39%
Lowest comparison
6.03%
Last updated
11 Sept 2026
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.
What are Teachers Mutual Bank home loan rates?
Teachers Mutual Bank home loan rates are in the live table on this page, ranked by comparison rate, with the lowest variable rate currently 5.99% p.a. and the lowest fixed rate currently 6.39% p.a., checked daily (last verified 11 Sept 2026). 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.
What is the lowest Teachers Mutual Bank home loan rate?
The lowest Teachers Mutual Bank variable home loan rate Ratesniffers tracks is 5.99% p.a., and the lowest fixed rate is 6.39% p.a. These figures come from the 2 Teachers Mutual Bank products on this page that pass data-quality checks, ranked by comparison rate, checked daily (last verified 11 Sept 2026).
How many home loan products does Teachers Mutual Bank offer?
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 2 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.
Teachers Mutual Bank home loan rates at a glance
| Product type | Rate | Max LVR |
|---|---|---|
| Variable Owner-occupier interest-only | 8.74% p.a. | 95% |
| Variable Investor interest-only | 8.99% p.a. | 80% |
2 of 350 tracked Teachers Mutual Bank home loan products
Interest
8.99%p.a.
Comparison*
Not available
Est. repayment
$4,020
LVR ≤80%
*Important Information and Comparison Rate Warning
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.
Who is Teachers Mutual Bank?
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.
Who suits a Teachers Mutual Bank home loan?
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.
Teachers Mutual Bank fees, offset and limits at a glance
- Application or establishment fee
- $0
- Discharge fee
- $250
- Settlement fee
- $250
- Additional valuation fee
- $0
- Rate lock fee
- 0.10% of the loan amount
- Loan portability
- $200 security variation fee. At cost for discharge, title searches, registration and transfers
- Offset account
- 100% offset available on up to 8 eligible linked offset accounts.…
- Minimum offset balance
- No min balance
- Lenders mortgage insurer
- Helia
- Capitalising LMI
- LMI can be capitalised to loan.
- Maximum total lending
- $5m total aggregate per borrower
- Extra repayments on fixed
- Your Way Fixed Home Loan, no additional repayments permitted.…
- When the fixed rate is locked
- Rate is locked for 90 days from date of application if rate lock is selected
Checked 4 Sept 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.
Teachers Mutual Bank home loans: frequently asked questions
What are Teachers Mutual Bank home loan rates?
Teachers Mutual Bank home loan rates are in the live table on this page. The lowest variable rate Ratesniffers ranks is currently 5.99% p.a., and the lowest fixed rate is 6.39% p.a., checked daily (last verified 11 Sept 2026). Compare Teachers Mutual Bank against the wider market at /home-loans. The /guides/comparison-rate explains the fee-inclusive figure used to rank the table. To model extra payments on a Teachers Mutual Bank balance, use /calculators/extra-repayment.
What is the lowest Teachers Mutual Bank home loan rate?
Teachers Mutual Bank's lowest variable home loan rate is currently 5.99% p.a., and its lowest fixed rate is 6.39% p.a., based on the 2 Teachers Mutual Bank products Ratesniffers ranks by comparison rate, checked daily (last verified 11 Sept 2026). The advertised rate isn't always the rate Teachers Mutual Bank approves, a broker can often negotiate a sharper deal on your scenario.
What is the monthly repayment on a $600,000 Teachers Mutual Bank home loan?
At Teachers Mutual Bank's lowest variable rate of 5.99% p.a., a $600,000 principal and interest loan over 30 years repays about $3,593 a month, and $500,000 about $2,995. That is an estimate at the advertised rate before fees; the comparison rate in the table above carries the fees, and a fixed or interest-only loan repays differently.
How much do you need to earn for a $500,000 Teachers Mutual Bank home loan?
There is no single salary. Like every Australian lender, Teachers Mutual Bank must assess a new home loan at a rate at least 3 percentage points above the loan's rate under APRA's serviceability buffer, so 5.99% p.a. is assessed at about 8.99% p.a., then test that repayment against income after living expenses and other debts. The income required calculator at /calculators/income-required works this backwards from a property price and deposit.
How does Teachers Mutual Bank's home loan rate compare to the market?
Teachers Mutual Bank's lowest variable home loan rate today is 5.99% p.a., which is 25 basis points below the market median of 6.24% p.a., which puts Teachers Mutual Bank among the more competitive lenders on variable rates today. This is computed daily from the live rates across the lenders Ratesniffers tracks, so it reflects where Teachers Mutual Bank sits right now rather than a fixed snapshot.
How many home loan products does Teachers Mutual Bank offer?
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 2 that pass our data-quality checks on this page. Every rate is checked daily against each lender's current published pricing and ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest loans sit at the top.
Is Teachers Mutual Bank competitive for refinancing?
It depends on your loan size and LVR. Teachers Mutual Bank's lowest comparison rate is currently 6.03% p.a., worth checking against the wider market before you switch. On a $500,000 loan, even a 0.30% p.a. difference is about $100 a month, so comparing Teachers Mutual Bank against the sharpest available rate usually pays off.
How often are Teachers Mutual Bank's home loan rates updated?
Ratesniffers refreshes Teachers Mutual Bank's home loan rates daily; this page was last updated 11 Sept 2026. Rates can change whenever Teachers Mutual Bank reprices or the RBA moves the cash rate, so the figures shown reflect the most recent data we hold rather than a static snapshot.