Rating based on 486 reviews
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 benchmarked peers as well as present as a fresh and original potential partner to homeowners.
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 homeowners.
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.
Offering variable and fixed rates, split options and a host of potentially worthwhile add-ons, the full spectrum is available for prospective clients. Modelling 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. The FAQ is available, but only through a site search and this is archaic navigation. 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 a non-negotiable, pre-packaged offer, clients can negotiate rates, terms and inclusions when chatting with a consultant.
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In a Nutshell
- Fixed-rate home loans
- Online application
- In-store application
QT Mutual Bank should be your first choice when you need a home loan
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.
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.
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.
Which home loan application method is the quickest?
All the methods that we have in place for a home loan application are fast. Whether you decide to apply for credit online or through coming at one of our branches, we will deal with your home loan application right away.
We know that some customers prefer the online method since there is no need to ask for some time off at their designated workplaces and they can do it from the comfort of their own work computers. On the other hand, some clients prefer coming in directly and being assisted by one of our agents. We are happy to assist you in any manner that you wish.
Can I apply for two home loans at the same time?
There could be a number of reasons why you might want to apply for two home loans at the same time. We will process both your applications and give you feedback timeously. It is possible that the customer may be approved for one credit plan.
The reason for this case is usually their affordability. It is important that clients understand that we still want them to do the things they used to enjoy doing before applying for out QT Mutual Bank home loan.
Eligibility & Requirements
Other Products & Services
- Credit Cards