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Loan Types
Investment Loans
If you're in the market for an investment loan the Greater has got your needs covered.
Choice of Interest Rates
You have the choice between our competitive Standard Variable Interest Rate and a Fixed Interest Rate.
Choice of Repayment Type
You can choose to make Principal and Interest payments to ensure your loan balance will reduce or Interest Only payments (5 year maximum) if you prefer to minimise the amount you are required to pay.
Choice of Loan Products
You may find that the flexibility of our Mortgage Express or Line of Credit loans may suit your investment needs.
A Line of Credit is excellent for investment purposes as it is an ongoing facility that can be used over and over again.
No Ongoing Monthly Account Keeping Fees
Our Variable and Fixed Rate Investment Loans do not have any of the monthly fees that other institutions often charge.
No Application Fee
If you borrow a minimum of $40,000 we won't charge you an application fee, valuation fee or any of the Greater's legal costs when you take out an Investment loan unless you repay more than 80% of your loan within the first 4 years. For Line of Credit loans, the fee only applies if the loan is discharged in full within 4 years.
Redraw Facility
You may be able to redraw the excess payments you have made to your loan.
Redraws made via the Greater's Internet Banking service are free of charge, have no restrictions on the number or amount of redraws you make and are available immediately if transferred to a Greater account.
A $20 fee and $2,000 minimum applies to redraws processed manually. These funds are usually credited to your Greater savings account within 24 hours.
Savings Account Free of Excess Transaction Fees
Unlike many other financial institutions, the Greater does not charge monthly account keeping fees on our Savings Accounts.
As a reward for choosing a Greater Building Society Investment Loan, you are entitled to a savings account with us that is completely free of any transaction fees. If your loan is a Line of Credit or Mortgage Express, that facility is the fee free account you are entitled to.
This means that you have unlimited free access to our Branch network, the ATM/EFTPOS network Australia wide, our Internet Banking service and cheque drawing facility.
If you are paying these fees at another institution now you will understand how much you may save by becoming a Greater borrower.
To make an application for an Investment loan call us on 131386.