Great If:
You’re after a simple loan with no ongoing fees
You'd like competitive interest rates
You’d like the flexibility of either a fixed or variable term
Key Features:
Great Rate Variable Home Loans have no ongoing fees, with unlimited free redraws through Online Banking
Flexible repayments – you can choose to pay weekly, fortnightly or monthly. Flexible loan terms up to 30 years^
Ability to make unlimited additional payments, meaning you could pay off your loan sooner and save thousands in interest+
Borrow up to 95% of property value for owner occupied, principal and interest loans. Avoid Lender’s Mortgage Insurance with a deposit of 20% or more
Borrow up to 110% of the property value by asking your family to guarantee the home loan by using their property as security on your mortgage with our Family Pledge Loan.
Apply for Great Rate Home Loan It’s just that simple!
Make an enquiry
I want to
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Buy my first home
Buying your first home should be one of the most exciting experiences of your life, but you need the right advice to make sure the process runs smoothly.
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Renovate my home
Maybe after many years, your house is a little rough around the edges. We’re right behind motivated property-owners looking to better their home.
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Stop paying rent
Maybe you’ve just realised how much per year you’re paying in rent, or you’re sick of dealing with the drama of finding a room-mate each time your lease is up. Whatever the reason, you’re in the right place.
Repayments Calculator
Work out what your minimum monthly repayments would be on your Greater Bank Home Loan.
Home Loan Selector Tool
Not sure which loan is the right fit for you? We've made getting the right deal a breeze with our handy selector tool.
Know your Borrowing Power
Find out how much you can borrow based on your salary and existing financial commitments.
Make an enquiry
At Greater Bank, we don’t think you should have to move heaven and earth just to get a home loan. That’s why we’ve made the application process as simple as possible with three easy steps.
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1
Get in Touch
Contact us online, over the phone or in your local branch so that we can give you all the information you need to meet with one of our lending experts.
Enquire onlineGet in touch with us on 1300 721 253 -
2
Meet and Apply
We’ll organise a time for you to meet with your local lender so they can guide you through the application process.
We can even come to you!
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3
Approval
We’ll do all the hard work from here. Your lender will complete your paperwork and notify you once your loan has been approved.
Kickstart your home loan application today
Interest Rates
Rates are effective as at 9am Friday 22/01/2021
All Home Loans have a base rate. The applicable base rate will depend on whether you select a standard or discounted home loan and also the repayment type you select – Principal and Interest (P&I) or Interest Only (IO).
For P&I loans, margins may apply to the applicable base rates. For IO loans, currently a 0.10% p.a. margin above the applicable base rates will apply. The base rates are set out below and the all up interest rate which includes any margins, will be set out in your credit contract.
| Great Rate Home Loan Base Rate (P&I)* | Discount (Loans ≥ $150K & LVR ≤80%) # | Comparison Rate^ |
|---|---|---|
| Variable | 2.59 % p.a. | 2.60 % p.a. |
| 1 Year Fixed | 1.89 % p.a. | 3.51 % p.a. |
| 2 Year Fixed | 1.99 % p.a. | 3.38 % p.a. |
| 3 Year Fixed | 1.99 % p.a. | 3.25 % p.a. |
| 4 Year Fixed | 2.09 % p.a. | 3.16 % p.a. |
| 5 Year Fixed | 2.19 % p.a. | 3.09 % p.a. |
| Great Rate Home Loan Base Rate (P&I)* | Interest Rate | Comparison Rate^ |
|---|---|---|
| Variable | 3.66 % p.a. | 3.67 % p.a. |
| 1 Year Fixed | 1.89 % p.a. | 3.51 % p.a. |
| 2 Years Fixed | 1.99 % p.a. | 3.38 % p.a. |
| 3 Years Fixed | 1.99 % p.a. | 3.25 % p.a. |
| 4 Years Fixed | 2.09 % p.a. | 3.16 % p.a. |
| 5 Years Fixed | 2.19 % p.a. | 3.09 % p.a. |
Use our calculators
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.
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?
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?
Get in touch
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.
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.
