Teachers' Life Home Loan Package
We’ve always understood that a teachers life is different.
That’s why we created Teachers’ Life – a financial package designed just for teachers. For a monthly fee of $25, you’ll get access to a range of benefits including discounted home loan rates, low rate car and personal loans, insurance and financial planning discounts and additional earnings on term deposits.
Package Benefits
| Product or Service |
Discounts and Features |
|
Home loans receiving a discount
Variable Rate
- Mortgage Breaker Home Loan
- Home Loan OverdraftMortgage Breaker Investment Home Loan
- Investment Home Loan Overdraft
- Investment Home Loan - Interest Only
- Home Equity Loan
- Home Equity Overdraft
|
Variable rate (discount based on total lending)
0.4% pa off the variable interest rate ($150,000 - $249,999 total)
0.6% pa off the variable interest rate ($250,000 - $499,999)
0.7% pa off the variable interest rate ($500,000 or over)
Discounts remain at the level agree at time of application
Split loans available where LVR is less than 80%
No establishment fee
No valuation fee to a value of $220 (applies to one property only)
No ongoing maintenance fees
Repayment pause available1 |
| Car Loans |
Lowest QTMB variable interest rate for new car loan
No deposit required
New or used vehicle up to 7 years old
Terms up to 7 years, subject to age of vehicle, not exceeding
10 years at final repayment date of loan
2 months deferred repayment option
available for new teachers only
Repayment Pause – 3 months break from full repayments or 6 months at half repayment
12 in 10 Flexible Repayment Option - paying 12 months repayments in 10 months |
| Personal Loans |
Lowest QTMB variable interest rate for personal loans
2 months deferred repayment option
available for new teachers only
Can be for any worthwhile purpose
Maximum loan term 5 years
Repayment Pause – 3 months break from full repayments or 6 months at half repayment
12 in 10 Flexible Repayment Option - paying 12 months repayments in 10 months |
| Low Rate Overdraft |
Visa account Overdraft
Special low variable interest rate
Nil establishment fee
No annual fee
No maximum limit |
| Getting Started Overdraft2 |
Visa account Overdraft
Introductory rate (variable) for the first 12 months from date of funding, then reverts to the current Low Rate Overdraft interest rate
Nil establishment fee
No annual fee
Maximum limit $5,000 |
| Term Deposits3 |
Additional 0.15% pa for investments of greater that $5,000 for terms 6 months or longer4 |
| Insurance5 |
10% off home and contents premium for owner-occupiers
10% off landlords building cover
5% off motor vehicle cover
5% off additional covers e.g. caravan |
Financial Planning6
(Through QT Financial Planning Pty Ltd) |
Initial consultation free
20% off financial plan preparation fee |
Want to Apply?
Simply call 13 29 30 or visit your local branch and we will make applying for your Teachers’ Life package as easy as possible.
1 The Repayment Pause Option is available for Owner Occupied Mortgage Breaker loans only. Maximum LVR 90% at time of request for standard loans only. Repayment Pause to be used in instances of reduced household income normally associated with Parental Leave, Leave Without Pay for extended holiday, etc. Not to be used for instances of financial hardship. Term of loan does not increase if repayment pause taken. Two repayment pauses in total available over the life of the loan, however they must be at least 12 months apart). First repayment pause available 12 months after loan funding date. All other lending criteria to apply.
2 Available for new (graduate) teachers only (will be required to provide letter of offer/teaching contract - contract must be for at least one full teaching year.
3 A Product Disclosure Statement (PDS) is available for this product and you should read the PDS before making any decisions about the product. As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on this advice, consider its appropriateness to your circumstances.
4 For investments greater than $100,000 ask for a quote.
5 Insurance policies are issued by CUMIS Insurance Society Inc. ABN 72 000 562 121 AFSL 245491 (Incorporated in the United States. The members of the Society have no liability) trading as CUNA Mutual General Insurance and by CUNA Mutual Life Australia Limited ABN 83 089 981 073 AFSL 245292. Before making a decision about your insurance needs please refer to the Product Disclosure Statement available from any of the QTMB branches. For further information visit your local branch or contact us on 13 29 30. As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on this advice, consider its appropriateness to your circumstances. Terms and Conditions apply: Multi-policy discount is not available on your first policy and only applies when all policies (excluding boat) are purchased through QTMB.
6 QT Financial Planning Pty Ltd ABN 35 116 361 650 is a Corporate Authorised Representative (ASIC No. 293929) of Outlook Financial Solutions Pty Ltd, ABN 40 083 233 925, AFSL 240959, Level 17, 100 Pacific Highway, North Sydney, NSW 2060.