Teachers Mutual Bank Limited recent changes

May 6th, 2020

• Turnaround times are very important and with this in mind we are currently running at approx.– 8 Business days for initial assessment.

• Supporting the financial needs of those employed in the:

• Australian Education Sector
• Emergency Services
• Health Industry
• Australian University Degree Qualified Applicants

• Loan to Value Ratio (LVR) is now back to 95% inclusive of LMI for all members for both owner occupied properties and investment.

• TMBL across all of our divisions are part of the FHLDS – spots available.

• For all first home buyers employed in the Education Sector, Emergency Services and Health Industries a maximum loan term of 35 years is available to applicants under the age of 35 – (35 year term doesn’t apply for FHLDS scheme applications.

Attractive Interest Rates

• Fixed Owner Occupied (P&I) rates from 2.19% (up to 95% including LMI)
• Fixed Investment (P&I) rates from 2.34% (up to 95% including LMI)
• Fixed Investment (IO) rates from 2.49% (up to 95% including LMI)
• Classic Special Variable P&I 2.55% (Up to 80%)for owner occupied purchases and external refinance

• 100% Offset against fixed rate loans  – no additional fees.