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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

  • 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. 

  • 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.

  • 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.

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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.

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Know your Borrowing Power

Find out how much you can borrow based on your salary and existing financial commitments.

Let's Begin

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.

  • 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 online
    Get in touch with us on 1300 721 253
    Find us
  • 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!

  • 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 Monday 12/04/2021

 

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 1.69 % p.a. 3.49 % p.a.
2 Year Fixed 1.89 % p.a. 3.36 % p.a.
3 Year Fixed 1.99 % p.a. 3.25 % p.a.
4 Year Fixed 2.29 % p.a. 3.22 % p.a.
5 Year Fixed 2.39 % p.a. 3.17 % 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 1.69 % p.a. 3.49 % p.a.
2 Years Fixed 1.89 % p.a. 3.36 % p.a.
3 Years Fixed 1.99 % p.a. 3.25 % p.a.
4 Years Fixed 2.29 % p.a. 3.22 % p.a.
5 Years Fixed 2.39 % p.a. 3.17 % p.a.

Our Awards

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2020

Gold Award - Great Rate Home Loan

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2019

Home Lender Bank of the Year

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2019

Money magazine - Home Lender of the Year

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

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?

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.