Ultimate
Our ultimate in loans. Great if you need other products such as everyday or offset accounts, and you want the flexibility of a fixed or variable rate, or both.
Great Rate
A Great Rate Home Loan from Greater Bank is a low interest rate home loan that's easy to use. With low interest, no monthly or annual fees, you could save thousands of dollars!
Line of Credit
Want to get the equity in your home or residential property working harder for you? Our Line of Credit Loan might be just the ticket, whether you’re interested in renovating, investing, or just after more flexibility.
Investment Ultimate
Looking for the ultimate in Investment Loans? You've found it.
Investment Great Rate
With low interest rates and no monthly or annual fees, we've made investment simple.
At Greater Bank, we like to see our customers achieve the financial dream of owning their home sooner. That’s why we’re confident we’ve got the right loan to suit your needs. We offer great value and our loans are easy to use.
| Ultimate Home Loan | Great Rate Home Loan | Line of Credit | Investment Ultimate Home Loan | Investment Great Rate Home Loan | |
|---|---|---|---|---|---|
| Great if you want | Great if you want A packaged home loan with a low rate and added benefits | Great if you want A low-rate no-frills home loan | Great if you want Continuous credit facility to access the equity in your home | Great if you want A great value loan to invest in property | Great if you want A simple, no-nonsense investment loan with competitive rates |
| Interest Rate | Interest Rate 1.89% p.a. | Interest Rate 1.89% p.a. | Interest Rate 3.90% p.a. | Interest Rate 2.39% p.a. | Interest Rate 2.49% p.a. |
| Comparison Interest Rate^ | Comparison Interest Rate^ 3.74% p.a. | Comparison Interest Rate^ 3.51% p.a. | Comparison Interest Rate^ N.A. | Comparison Interest Rate^ 4.12% p.a. | Comparison Interest Rate^ 3.43% p.a. |
| Rate detail | Rate detail 1 year fixed, owner occupied, principal and interest | Rate detail 1 year fixed, owner occupied, principal and interest | Rate detail Variable (Ultimate Line of Credit Base Rate) | Rate detail 1 year fixed, principal and interest | Rate detail 5 year fixed, principal and interest |
| Interest Only Available |
Interest Only Available
|
Interest Only Available
|
Interest Only Available N/A |
Interest Only Available
|
Interest Only Available
|
| Fixed Rates Available |
Fixed Rates Available
|
Fixed Rates Available
|
Fixed Rates Available
|
Fixed Rates Available
|
Fixed Rates Available
|
| Minimum Deposit Required (without requiring mortgage insurance or a Family Pledge) | Minimum Deposit Required (without requiring mortgage insurance or a Family Pledge) 20% of purchase price (plus costs) | Minimum Deposit Required (without requiring mortgage insurance or a Family Pledge) 20% of purchase price (plus costs) | Minimum Deposit Required (without requiring mortgage insurance or a Family Pledge) 20% dependent on security taken | Minimum Deposit Required (without requiring mortgage insurance or a Family Pledge) 20% of purchase price (plus costs) | Minimum Deposit Required (without requiring mortgage insurance or a Family Pledge) 20% of purchase price (plus costs) |
| Maximum Loan Term | Maximum Loan Term 30 years | Maximum Loan Term 30 years | Maximum Loan Term N/A | Maximum Loan Term 30 years | Maximum Loan Term 30 years |
| Parental Guarantee Available |
Parental Guarantee Available
|
Parental Guarantee Available
|
Parental Guarantee Available
|
Parental Guarantee Available
|
Parental Guarantee Available
|
| Property Location | Property Location NSW, ACT & QLD | Property Location NSW, ACT & QLD | Property Location NSW, ACT & QLD | Property Location NSW, ACT & QLD | Property Location NSW, ACT & QLD |
| Multiple Offset Accounts |
Multiple Offset Accounts
|
Multiple Offset Accounts
|
Multiple Offset Accounts
|
Multiple Offset Accounts
|
Multiple Offset Accounts
|
| Free Redraw Online | Free Redraw Online Available | Free Redraw Online Available | Free Redraw Online Available | Free Redraw Online Available | Free Redraw Online Available |
| Additional Repayments |
Additional Repayments
|
Additional Repayments
|
Additional Repayments
|
Additional Repayments
|
Additional Repayments
|
| Split Loan Option |
Split Loan Option
|
Split Loan Option
|
Split Loan Option
|
Split Loan Option
|
Split Loan Option
|
| Can be used for Land & Construction |
Can be used for Land & Construction
|
Can be used for Land & Construction
|
Can be used for Land & Construction
|
Can be used for Land & Construction
|
Can be used for Land & Construction
|
| Refinance |
Refinance
|
Refinance
|
Refinance
|
Refinance
|
Refinance
|
| Fast Refi |
Fast Refi
|
Fast Refi
|
Fast Refi
|
Fast Refi
|
Fast Refi
|
| Available if Self Employed |
Available if Self Employed
|
Available if Self Employed
|
Available if Self Employed
|
Available if Self Employed
|
Available if Self Employed
|
| Repayment Holiday |
Repayment Holiday
|
Repayment Holiday
|
Repayment Holiday
|
Repayment Holiday
|
Repayment Holiday
|
| Ongoing fee | Ongoing fee $395 p.a. Package fee |
Ongoing fee
|
Ongoing fee $10 per month | Ongoing fee $395 p.a. Package fee |
Ongoing fee
|
| How to apply | How to apply Enquire online | How to apply Enquire online | How to apply Enquire online | How to apply Enquire online | How to apply Enquire online |
| Learn more | Learn more | Learn more | Learn more | Learn more |
Our Home Loans can be used for owner-occupiers or investors looking to purchase residential Australian property.
This may include new purchases, loan refinances, top-ups or construction loans. Our Home Loans cannot be used for business purposes or commercial properties.
After something more specific? Our Greater Bank lending experts may be able to help
Greater Bank’s Construction Loans let you borrow up to 95% of the combined value of your house and land – regardless of whether you’re building your home whilst purchasing the land, or are building on land you own.
Whether you're thinking about Aged Care for a loved one, or just want to maintain your retirement lifestyle, a Reverse Mortgage may be the right option for you.
We understand that people don’t always have the cash deposit to purchase property. Instead of waiting, you can secure your property faster with a Home Deposit Guarantee. It’s quick and easy!
Over the past 75 years, we've been able to help the communities grow by helping them make their dreams come true. From helping our customers own their home to saving for the good stuff in life, and even supporting the community organisations that make the places we call home stronger, we're proud of the fact that we've been there for locals for generations.
As we plan for our next 75 years, we're recognising our milestone by making a special contribution to the communities we love. We've partnered with local councils, as well as Landcare organisations in order to plant 75,000 trees across NSW.
Greater Bank is set to offer customers more fixed-term home loan rates under 2% in response to the recent rate change announced by the Reserve Bank of Australia (RBA). After dropping the interest rate on its one-year Fixed Great Rate and Ultimate Home Loans last month by 10 basis points, Greater...
Read MoreWe make it easy to get a better deal on your home loan. Our expert lenders will hold your hand through every step of our simple process – you don’t even need to speak to your current bank.
We make it easy to get a better deal on your home loan. Our expert lenders will hold your hand through every step of our simple process – you don’t even need to speak to your current bank.
At Greater Bank, we don’t have shareholders – we're customer owned. We reinvest our profits into providing better value products and personalised service. How does this compare to your current lender?
At Greater Bank, we don’t have shareholders – we're customer owned. We reinvest our profits into providing better value products and personalised service. How does this compare to your current lender?
Over the next year, a progressive range of reforms will take place that will impact Australian Financial Institutions. To help explain these changes and what they may mean for you, Greater Bank has developed some key facts to keep you informed.
Over the next year, a progressive range of reforms will take place that will impact Australian Financial Institutions. To help explain these changes and what they may mean for you, Greater Bank has developed some key facts to keep you informed.
For most of us, our home is the biggest investment we will ever make. Doesn’t it make sense to protect the one thing we’ve put so much time, money and effort into?
If you are after some more information, a loan pre-approval or are ready to apply for a home loan, start a conversation with a Greater Bank lending expert today to help you get what you want sooner.
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