G&C Mutual Bank

Choice Home Loan

First home buyer
Variable
95% LVR

6.74%

Interest rate

6.77%

Comparison rate


Ratings

LVR options

LVR is an acronym for Loan-To-Value Ratio. The LVR is the amount you are borrowing against the property value being used as security, represented as a percentage.

G&C Mutual Bank Choice Home Loan does not offer tier pricing for lower LVR. With Choice Home Loan, you can borrow upto $95% LVR.

Variable

95%

LVR
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G&C Mutual Bank

Repayment options

Interest only loans have traditionally been tailored to investors so they can reduce their mortgage repayments and maximise their tax benefits and overall return on investment (ROI). However, getting home loan with interest only (IO) has its place and some lenders are willing to consider your application if you can provide valid reasons.

Interest only repayment option is not available with G&C Mutual Bank Choice Home Loan for first home buyer.

Variable
Paying pricinpal and interest
G&C Mutual Bank logo

G&C Mutual Bank

Q&As

Does G&C Mutual Bank Choice Home Loan comes with an offset account?

No, Choice Home Loan does not come with an offset account.

Generally speaking, variable home loans without offset accounts are often called basic or 'no-frills' loans, you get lower account-keeping fees and lower interest rate for your home loan. In some cases a basic home loan can actually be cost efficient than a 100% offset account.

What are the costs to apply for G&C Mutual Bank Choice Home Loan?

There is no upfront costs to apply for Choice Home Loan

  • Application fee: $0
  • Valuation fee: $0
  • Settlement fee: $0

Are there costs when I exit or refinance to another lender?

G&C Mutual Bank charge a discharge fee of $300, which covers the cost for removing the mortgage that has been registered on the title of your property.

IMPORTANT: Lenders change their policy from time to time so this information is current only accurate at the time that it was written. You should always check with G&C Mutual Bank or a mortgage broker just to be sure. This information should be used as a guide only.

Contact a mortgage broker

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