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 2.99% p.a. | Interest Rate 2.99% p.a. | Interest Rate 4.15% p.a. | Interest Rate 3.14% p.a. | Interest Rate 3.14% p.a. |
| Comparison Interest Rate^ | Comparison Interest Rate^ 3.83% p.a. | Comparison Interest Rate^ 3.55% p.a. | Comparison Interest Rate^ N.A. | Comparison Interest Rate^ 4.25% p.a. | Comparison Interest Rate^ 4.00% p.a. |
| Rate detail | Rate detail 5 year fixed | Rate detail 5 year fixed | Rate detail Variable (Ultimate Line of Credit Base Rate) | Rate detail 3 year fixed | Rate detail 3 year fixed |
| 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 | Minimum Deposit Required 5% of purchase price (plus costs) | Minimum Deposit Required 5% of purchase price (plus costs) | Minimum Deposit Required 10%-15% dependant on security taken | Minimum Deposit Required 10% of purchase price | Minimum Deposit Required 10% of purchase price |
| 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 | Free Redraw Unlimited | Free Redraw Unlimited | Free Redraw Unlimited | Free Redraw Unlimited | Free Redraw Unlimited |
| 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 |
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.
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Interest-only mortgages can be a useful home loan option in certain situations. An interest-only loan comes with lower costs for a short duration (usually up to 5 years). This can allow for greater flexibility to make other investments with your money, or to ease the pressure of repayments for that...
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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