Geelong Bank
Geelong Bank

Mutual Owner Occupied Home Loan P&I LVR >90%

Variable Rate
3.56% p.a.
Comparison Rate*
3.58% p.a.
  • We make it easier for first home buyers to own their own home sooner with our Family Guarantee Option. Your family members can use their own home’s equity (instead of a cash deposit) to provide additional security for a portion of your loan. This can also save you a significant amount of money by reducing or even avoiding the need to pay lenders mortgage insurance.Family Guarantee Option available
  • Pre-approval can be easily arranged
  • We arrange processing of the first home owners grant

Key Features
Loan Type
Min Loan
Max Loan
Application Fee
Borrow upto
of property value
Ongoing fee
Redraw Facility
Offset Account

Loan Details

Loan Type Variable
Security Type ResidentialProperty
Availability Owner Occupiers
Repayment Options Principal & Interest
Repayment Frequency Weekly, Fortnightly, Monthly
Min Loan Term 1
Max Loan Term 30
Max Loan to Value Ration (LVR) 80%
Max LVR with Mortgage Insurance 95%
Min Loan Amount $30,000.00
Max Loan Amount $1,000,000.00
Interest Rate Notes


Extra Repayments
Loan is Transferable (Portable)
Transfer Fee $350.00
Mortgage Offset Available
Mortgage Offset 100%
Mortgage Offset Rate -%
Redraw Available
Min Redraw Amount $100.00
Max Redraw Amount -
Redraw Fee -
Redraw Notice Period Same business day
Redraw Method
Redraw Notes & Comments

Split Account

Split Available
Max No. of Accounts for Split 1
Separate Statements for Split
Statement Frequency
Fixed Option
Fee for Fixing n/a


Application Fee $250.00
Legal Fee $0.00
Valuation Fee $0.00
Settlement Fee $0.00
Service Fee $0.00
Exit Fee $0.00
Early Termination Fee

Break Costs

General Fee Notes:

Establishment fee waived provided First Home Buyers deposit savings are held with Geelong Bank. Legal and valuation fees are at cost to the member.

General Notes:

*The comparison rates in this table are based on a secured loan amount of $150,000 and a term of 25 years. WARNING: These comparison rates apply 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 costs savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates are not calculated for revolving credit products.