Secured Personal Loan

General Lending Rates

Product Features

• Redraw Additional Information: Minimum redraw $1,000, online or staff assisted

• Other Additional Information: Loan terms up to 7 years

• Other Additional Information: No early repayment fee

• Digital Banking

• Other Additional Information: Additional repayments permitted without penalty

Product Eligibility

• Residency Status - Australian Citizen Or A Permanent Resident Of Australia Or Otherwise Approved.

• Min Age - 18. Additional Information: Borrower must be minimum age of 18 years old

• Natural Person Additional Information: Available for personal use only

• Other Additional Information: Secured with either residential property or a Term Deposit with The Mutual Bank

Bank Fees and Charges

• Consent Fee (Event), Amount: 200.00. Additional Information: Per consent. Payable to us when you ask us to consent to leasing, subdividing or any other dealing in relation to the security property.

• Default Administration Fee (Event), Amount: 50.00. Additional Information: Payable to us when the borrower (or security provider) has not performed an obligation on time including an obligation to pay money. This fee is payable monthly commencing one month after the obligation should have been performed and up to and including the month in which the obligation is performed. We debit these fees to your loan account each month until the default is remedied.

• Cheque Issuing Fee (Event), Amount: 2.50. Additional Information: Payable to us when a payment is made from your loan account by way of Financial Institution (FI) Cheque.

• Discharge Administration Fee (Event), Amount: 200.00. Additional Information: Per Security. Payable to us each time we release a security.

• Dishonour Fee (Event), Amount: 9.00. Additional Information: Payable to us when a payment (such as a direct debit, salary deduction or cheque) is dishonoured.

• Duplicate Fee (Event), Amount: 20.00. Additional Information: Per copied document. Payable to us when we provide a copy of a document.

• Duplicate Statement Fee (Event), Amount: 7.00. Additional Information: Per statement. Payable to us when we provide a copy of a statement at your request.

• Photocopying Fee (Event), Amount: 0.50. Additional Information: Per sheet. Payable to us when we provide a photocopy of any document at your request.

• Production Fee (Event), Amount: 200.00. Additional Information: Per document per production. Payable to us if, at your or a security provider's request, we produce a document to the Land and Property Information division of the NSW Department of Lands or its equivalent in other jurisdictions.

• Renegotiation Fee (Event), Amount: 300.00. Additional Information: Per renegotiation. Payable to us whenever we agree to renegotiate or vary conditions on your loan other than altering interest rate options.

• Security Substitution Fee (Event), Amount: 300.00. Additional Information: Per new security. Payable to us to substitute a new security for an existing one.

• Settlement Fee (Event), Amount: 150.00. Additional Information: Per settlement. Payable to us each time we or our solicitors attend settlement in connection with a security.

• Valuation Fee Consumer Loans (Variable), Amount: Not Listed.. Additional Information: Valuation fees are available upon enquiry. Payable in relation to each property to which a loan is secured, and may vary according to the location of the secured property. Initial valuation fee waived up to $250.00 for Package Home Loans.

• Agents Costs (Variable), Amount: Not Listed.. Additional Information: Amount not ascertainable. Payable to us or our solicitor or their agent when they attend to the registration of a discharge of mortgage at your request or when an agent is required to attend a settlement, produce or lodge documents at the Lands and Property Services division of New South Wales Department of Lands or its equivalent in other jurisdictions.

• Information Fee (Variable), Amount: 20.00. Additional Information: $1.00 per minute ($20.00 minimum fee). The fee will be calculated on the actual time spent retrieving and providing the information requested. Payable to us to provide information and that information is provided in writing.

• Loan Application Fee Personal Loan (Upfront), Amount: 200.00. Additional Information: Payable to cover costs when you apply for a loan.

 Limitations & Restrictions (Constraints)

• Min Limit of 5000.00 Additional Information: Minimum loan amount $5,000.00

• Max Limit of 100000.00 Additional Information: Maximum loan amount $100,000.00