Rating based on 39 reviews

QT Mutual Bank

  • Home loans up to $250,000
  • Low-interest starting from 4.46%
  • Repayment up to 30 years

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QT Mutual Bank homepage
Author QT Mutual Bank. Screenshot of QT Mutual Bank website.
[Accessed May 26, 2023]

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.

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 homeowners.

Apply online or at a 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.

QT Mutual Bank Services

The application click-through is detailed yet not cumbersome and the pre-click options are what the Australian public has 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. 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 a 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.

QT Mutual Bank – Home loan

  • Loan Type Home loans
  • Interest Rate from 4.46%
  • Loan Amount up to $250,000
  • Repayment 20 years to 30 years

Benefits of QT Mutual Bank

  • Low-interest rates starting from 4.46%
  • Qualify for a home loan amount up to $250,000
  • Repayment terms are up to 30 years

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.

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 needs with the company. QT Mutual Bank also offers to switch accounts from other institutions to facilitate this.

A modern & dynamic presence

With its 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 they have in place for a home loan application are fast. Whether you decide to apply for credit online or by coming to one of their branches, they will deal with your home loan application right away.

They 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 their agents. They are happy to assist you in any manner that you wish.

Can you 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. They 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 you understand that they still want you to do the things you used to enjoy doing before applying for their QT Mutual Bank home loan.

Customer Reviews & Testimonials

March 2019

QT Mutual Bank has the greatest agents. They go out of their way to ensure that I got a home loan that best suited my budget.

Norman G
— Cairns —

April 2019

Without the financial assistance of QT Mutual Bank, I would have never become a property owner.

Zelda V
— Geelong —

QT Mutual Bank Contact

Physical Address

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