G&C Mutual Bank First Home Buyer Loan

G&C Mutual Bank's First Home Buyer Loan is a flexible variable rate loan aimed at new buyers. It has a 100% offset account and you can get it with a low deposit.

Want a flexible home loan with a reasonable rate, very low fees and a 100% offset account? Check out the First Home Buyer Loan from G&C Mutual Bank.

No reviews yet. Write a review
Avatar

By

Richard Whitten

Updated

Fact checked

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Review by

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification.

Expert review

Many first home buyers could use a home loan like this one. There are almost no fees and you can get the loan with just a 5% deposit if you're willing to pay lenders mortgage insurance. And there's a 100% offset account. The only minor downside is that the interest rate is a little higher than the most competitive variable rate loans.

About this loan

What are the features and benefits of the G&C Mutual Bank First Home Buyer Loan?

  • Loan purpose. The G&C Mutual Bank First Home Buyer Loan is available for owner-occupiers only.
  • Loan-to-value ratio. You can borrow up to 95% of your property's value. This makes it a great option for low deposit borrowers.
  • Offset account. This loan has a 100% offset account. You can use this account to minimise your interest charges.
  • Fees. Loan preparation fees are charged at cost, and there are no other up-front or ongoing fees.
  • Extra repayments and redraw. This loan lets you make unlimited extra repayments and redraw.

How to apply

To apply for this home loan or learn more, click the green button and follow the steps to speak to a mortgage specialist from G&C Mutual Bank. They'll explain any eligibility requirements and help you start your application.

  1. G&C Mutual Bank First Home Buyer Home Loan information page
  2. G&C Mutual Bank First Home Buyer Home Loan TMD

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

4 Comments

    Default Gravatar
    vincent
    November 4, 2022

    Do this loan apply to anyone or only for first home buyer

    Reply
      AvatarFinder
      Rebecca
      November 11, 2022

      Hi Vincent,

      Yes, this loan is intended for first-home buyers. If you’re looking for a home loan that’s not solely for first-time buyers, you may explore top lenders here.

      You can also look into speaking with a mortgage broker to assist you in finding the loan that befits your needs.

      Kind regards,
      Rebecca

      Reply
    Default Gravatar
    riya
    October 25, 2022

    first home buyer enquiry

    Reply
      AvatarFinder
      Rebecca
      November 11, 2022

      Hi Riya,

      If you have questions about the process for first-home buyers, let us know. In the meantime, you might like to check out this guide.

      Thanks,
      Rebecca

      Reply
Go to site