QT Mutual Bank

About QT Mutual Bank

Starting out as Queensland Teachers’ Credit Union, today’s QT Mutual Bank was born in 2011 and has since diversified its product offerings.

One of the first mutual banks in Australia, the company now has a range of consumer options, including home loans.

Caring for its Members

Strongly geared towards its members’ interests, this people-focused ethos pervades the bank’s dealings and many Australians now consider the company to be a logical and/or possible port of call when shopping for a home loan.

QT Mutual Bank has gone to great lengths to both emulate bench marked peers as well as present as a fresh and original potential partner to homeowners.

Emergent future

Looking to merge with other entities and associations, QT Mutual Bank has come out of the gate running and presents well, with a great online presence and a detailed and logical offering to home owners.

Apply Online or In Branch

Application for a home loan is easy, as the company has a network of branches as well as an online loan application and the option of making an enquiry and getting a consultant to call you.

There are a host of calculators and tools available onsite as well, to enable consumers to know exactly what they are getting into with a home loan.

What QT Mutual Bank can offer you

The application click-through is detailed yet not cumbersome and the pre-click options are what the Australian public have come to expect from a flexible home loan lender.

Options online

Offering variable and fixed rates, split options and a host of potentially worthwhile add-ons, the full spectrum is available for prospective clients.

Modeling towards getting a client to make or book a call is all good and well, but FAQ is a potentially missing tab as most online clients nowadays glean reassurance surfing a site for a few minutes.

This logical inclusion would go a long way towards answering many questions. FAQ is available, but only through a site search and this is archaic navigation.

Rate this

Current fixed rate offers are 3.89% against 4.46% for owner occupied homes, the offering on a variable rate is a straight 3.88%.

100% Offset Mortgage

The “Mortgage Breaker” option comes with 100% offset and is pitched at 3.59% against a comparison rate of 4.83%.

This last option carries no early repayment penalties, which seems to imply that other options do. The reality is, however, that aside from an non-negotiable, pre-packaged offer, clients can negotiate rates, terms and inclusions when chatting with a consultant.

In a Nutshell

  •  Fixed-rate home loans
  •  Interest rate 3.88% to 5.32% per annum
  •  Loan term minimum 20 years
  •  Loan term maximum 30 years
  •  Online application
  •  In-store application

Member Focused and Driven

From far humbler, social interest beginnings years ago, QT Mutual Bank has grown into wielding serious financial clout and become a dynamic and solid presence in the mortgage market.

An Uncluttered Offering

Its offer is uncluttered and does speak to the issues surrounding a home loan well, with logic and style. Many consumers consider this bank to be the best source of intel and finance.

Financial savvy

QT Mutual Bank has financial planning in its service portfolio and this is a handy facility to consult alongside a home loan for many clients.

Enabled to determine exactly what the terms and implications are, many clients house all of their financial need with the company. QT Mutual Bank also offers to switch accounts from other institutions to facilitate this.

A Modern & Dynamic Presence

With their ethos of mutual care and the modern & dynamic presence they have in the lives of Australians,QT Mutual Bank seems set to establish itself as a major player in the future.

Although the name Queensland still features in its title, the company already has a reach far wider than that of its birthplace.

Eligibility & Requirements

Other Products & Services

  • Loans
  • Accounts
  • Credit Cards
  • Insurance

Contact Details

 Visit Website


 Postal Address

  • P.O. Box 929 Fortitude Valley, Brisbane, 4006, Australia

Opening Hours

  •  Monday 09:15 – 16:45
  •  Tuesday 09:15 – 16:45
  •  Wednesday 09:15 – 16:45
  •  Thursday 09:15 – 16:45
  •  Friday 09:15 – 16:45
  •  Saturday Closed –
  •  Sunday Closed –