Our Classic Investor Home Loan
A home loan doesn’t get simpler than this. Avoid unnecessary extras and get a competitive, low rate.
Classic Investor Home Loan
Build your future in your new home with a low, ongoing variable rate.
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3.19%pa
Classic Home Loan variable rate (Investor, P&I)
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3.23%pa**
Classic Home Loan Comparison rate (Investor, P&I)
Is it right for your investment?
If you want a competitive lower rate and no unnecessary charges, this is the loan for you. With no unnecessary features, it’s simply the smart choice for your investment.
What you'll get
Low Rates
Build your future in your new home with a low, ongoing variable rate.
Fee-Free Redraws
Get the security of unlimited fee-free redraw.
Flexibility
Make unlimited additional repayments and get the ability to top-up when it suits you.
Get in touch today.
Take the next step in your home loan journey.
Talk to a Lending Specialist
We can visit you at home, call you on the phone, or speak to you on a video call.
Apply Online
Complete an online application to fast track your home loan financing.
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Purpose
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Investment. No construction loan available.
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Minimum Amount
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$150,000
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Maximum Amount
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Up to 90% of the property value prior to the capitalisation of Lenders Mortgage Insurance
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Repayment type
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Principal and interest
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Interest rate type
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Variable rate only. No fixed rate available for this product.
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Interest calculated
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Daily, charged monthly
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Establishment fee
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$600
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Annual fee
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$0
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Additional repayments
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Yes
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Offset facility
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No
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Redraw
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Yes – fee free
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Split loan
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No
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Top up
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Yes
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Interest rates effective 29 June 2021.
For full details of our fees, please review the Fees and Charges brochure.
Download the Fees and Charges brochure [PDF]
Check out your other options
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Your Way Investor Home Loan
Get the flexibility you need to manage your investment, your way.
Learn more
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Your Way Home Investor Loan variable rate (Investor, P&I)
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Your Way Home Loan Comparison rate (Investor, P&I)
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Fixed and variable rate options
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Free redraw on the variable portion
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Make unlimited additional repayments on variable loans
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Your Way Plus Investor Home Loan
Get flexibility for your investment PLUS take advantage of our package benefits with discounted rates and much more.
Learn more
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Your Way Plus Essential Worker variable rate (Investor, P&I, LVR up to 60%)
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Your Way Plus Essential Worker comparison rate (Investor, P&I, LVR up to 60%)
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Discounted Fixed & Variable rates for life of the loan
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Establishment fee waived (normally $600)
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Flexibility to make additional repayments on variable rate loans and up to $10k per anniversary year on fixed rate loans
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100% Offset facility so you can pay your loan down faster
Giving back to essential workers
We know essential workers are vital to our future, that's why we're looking out for theirs. Take advantage of discounts and benefits, including fees waived, and lower rates for the term of your loan.
**Comparison rate warning
Comparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. WARNING: This Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different Comparison rate.
*Important information
Membership Eligibility and Lending Criteria
Eligibility criteria apply to join Teachers Mutual Bank Limited. Fees and charges and lending criteria apply. Consumer lending terms and conditions available here.
Redraw Facility
Redraw is only available if borrowers have made additional repayments. If your loan has a redraw facility, you do not need to register to use the redraw facility on your loan account.
Lenders Mortgage Insurance
Lenders Mortgage Insurance, or LMI, insures the lender in the event that the borrower defaults on the mortgage. It does not insure the borrower. Borrowers must still meet lending eligibility criteria for both the lender and the LMI provide
