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Greater Bank Home Loans Comparison

Ultimate Great Rate Line of Credit Investment Ultimate Investment Great Rate
Ultimate

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.

Ultimate Home Loan

1 year fixed
1.69
%p.a.
Comparison Rate^
3.72
%p.a.
1 year fixed, owner occupied, principal and interest
Make an enquiry
Find out more
Great Rate

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! 

Great Rate Home Loan

1 year fixed
1.69
%p.a.
Comparison Rate^
3.49
%p.a.
1 year fixed, owner occupied, principal and interest
Make an enquiry
Find out more
Line of Credit

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. 

Make an enquiry
Find out more
Investment Ultimate

Investment Ultimate

Looking for the ultimate in Investment Loans? You've found it.

Investment Ultimate Home Loan

1 year fixed
2.19
%p.a.
Comparison Rate^
4.10
%p.a.
1 year fixed, principal and interest
Make an enquiry
Find out more
Investment Great Rate

Investment Great Rate

With low interest rates and no monthly or annual fees, we've made investment simple.

Investment Great Rate Home Loan

5 years fixed
2.69
%p.a.
Comparison Rate^
3.51
%p.a.
5 year fixed, principal and interest
Make an Enquiry
Find out more

Find the Home Loan for you

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 1.69% p.a. Interest Rate 1.69% p.a. Interest Rate 3.90% p.a. Interest Rate 2.19% p.a. Interest Rate 2.69% p.a.
Comparison Interest Rate^ Comparison Interest Rate^ 3.72% p.a. Comparison Interest Rate^ 3.49% p.a. Comparison Interest Rate^ N.A. Comparison Interest Rate^ 4.10% p.a. Comparison Interest Rate^ 3.51% 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 Yes. Available once loan reverts to a variable interest rate. Multiple Offset Accounts Multiple Offset Accounts Multiple Offset Accounts Yes. Available once loan reverts to a variable interest rate. 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

What is a Home Loan, and what can it be used for?

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.

Use our calculators

How much can I borrow for my home loan?

How long does it take to pay off a home loan?

Home Loan Comparison Calculator

Stamp Duty Calculator

Further loan options

After something more specific? Our Greater Bank lending experts may be able to help

  • Construction and Land Loans

    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.  

  • Reverse Mortgages

    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.

  • Home Deposit Guarantees

    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!

We're planting 75,000 trees!

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.

Growing Greater Together

Our Awards

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2020

Great Rate Home Loan (5 year fixed)

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2019

Money magazine - Home Lender of the Year

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2019

Home Lender Bank of the Year

Refinance/Switch to Greater Bank

How do I switch?

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.

Why should I Switch?

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?

Just the facts on some important changes that impact Credit products

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.

 

Learn more

Cover your asset

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?

Get a quote online

Get in touch

Call 1300 721 253

Make an enquiry

Find a branch
Important details:

Conditions, fees and charges apply to all loans. Subject to meeting Greater Bank's lending criteria. Greater Bank Limited ABN 88 087 651 956. AFSL/Australian credit licence No. 237476.
~At the end of the fixed rate period customers can chose to re-fix their loan for another fixed rate period or let the loan revert to the applicable variable interest rate based on the loan and repayment type.
^Comparison rate is based on $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
#Discounted rates include a discount on Home Loans of $150,000 or over and Home Loans with an LVR 80% or below and apply to new borrowings only. Discounted rate not available for Line of Credit facilities.
+ Additional costs may apply to fixed rate loans.
All new interest only home loans, attract a 0.10% p.a. margin above the applicable Principal and Interest base rate. All new Line of Credit home loans, attract a 0.10% p.a. margin above the applicable Line of Credit base rate. The all up interest rate which includes any margins, will be set out in your credit contract. View our Terms and Conditions.
*77.13% of Greater Bank home loan customers were more than one month ahead of their minimum monthly repayments as at 31 December 2020.
View our Terms and Conditions.

Enquire About A Home Loan

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.