Construction and Land loans
Building your dream home or planning a major renovation? Greater Bank Construction and Land loans can help, regardless of whether you’re building your home whilst purchasing the land, or are building on land you own.
Investment Home Loans
Interest rate
6.09
%#
p.a.
Comparison rate
6.10
%^
p.a.
~Discount variable rate, principal and interest
Considering buying an investment property? Find out how Greater Bank can help you secure a property investment loan. Talk to our lending experts today.
Compare mortgage rates
Compare 5 products
|
Great Rate Home Loan
Perfect if you’re after great value and no ongoing fees.
|
Ultimate Home Loan
Our ultimate in loans. Offering the flexibility of fixed or variable rate, or a mixture of both.
|
Line of Credit
Our Line of Credit helps you make the most of the equity in your home.
|
Ultimate Investment Home Loan
Combining great value with a range of features designed to make investing easier.
|
Great Rate Investment Home Loan
With low-interest rates and no monthly or annual fees, we've made investing simple.
|
|---|---|---|---|---|
|
Interest rate
5.94
%#
p.a.
Comparison rate
5.95
%^
p.a.
~Discount variable rate, owner occupied, principal and interest
|
Interest Rate
6.13
%#
p.a.
Comparison rate
6.50
%^
p.a.
~Discount variable rate, owner occupied, principal and interest
|
Interest rate
8.80
%
p.a.
Line of Credit home loan base rate
|
Interest rate
6.19
%#
p.a.
Comparison rate
6.56
%^
p.a.
~Discount variable rate, principal and interest
|
Interest rate
6.09
%#
p.a.
Comparison rate
6.10
%^
p.a.
~Discount variable rate, principal and interest
|
|
|
|
|
|
|
|
|
|
|
|
Choose the right home loan with our handy calculators
Borrowing Power Calculator
Repayments Calculator
Home Loan Comparison Calculator
Stamp Duty Calculator
Home Loan Key Fact Sheet
Got a question about our home loans?
A home loan, or as it's often called; a mortgage is an amount of money provided by a lender (typically a bank) to an individual or couple for the purpose of buying a property.
A home loan can be used to purchase a house or apartment that is already built, buy a property before it's built ('off the plan') or purchase a vacant block of land to build on.
When you borrow money in the form of a home loan from a lender or bank in order to buy property, the total amount you borrow is called the principal. This entire amount will need to be repaid to the lender over a fixed period of time (called a term).
A home loan interest rate is the percentage rate the lender charges to loan the principal to you. Over the life of the loan, you repay the full principal amount you owe to the lender, plus the rate of interest that your home loan product specifies. Home Loan interest rates can be fixed, variable, or a combination of both.
Check out our range of home loans and our current interest rates.
Greater Bank offers a number of ways for customers to kick-start what will surely be one of life’s most exciting experiences – buying a home.
You can start a conversation with Greater Bank today by
- Making a Home Loan enquiry online.
- Dropping into your nearest branch.
- Calling us on 13 13 86 and speaking with a friendly member of staff.
No one loan is perfect for everyone.
At Greater Bank, we understand that every one of our valued customers have different needs and are at different stages in their lives.
The right loan for you depends on these needs.
A variable rate loan means that the interest rate on the loan may go up and down over the loan period. This allows you to make additional or early repayments to take advantage of interest rate fluctuations.
A fixed rate loan means that the interest on the loan remains constant over a fixed period, so your repayments will stay the same. You will be able to budget for your repayments and are protected from rises in interest rates.
Still have questions? Contact a friendly Greater Bank staff member on 13 13 86 or visit your nearest branch.
It is the amount of money you intend to borrow, compared to the value of the property (not the selling price) you're looking to buy.
We use the LVR when assessing your home loan application. It’s also helps determine if you need to pay Lenders Mortgage Insurance (LMI).
For example:
|
Amount you intend to borrow: |
Value of purchase property: |
Therefore what the LVR is: |
|
$400,000 |
$500,000 |
80% |
Yes.
At Greater Bank, we know sometimes it's hard for you to visit us when applying for a home loan, so we will come to you. Our experienced Lenders can visit you at home or work, at a time that suits you. Whether you’re considering a new home loan or swapping your current home loan to Greater Bank, our Lenders are here to help make your life greater.
Get in touch with a Mobile Lender near you - Find a lender
Reverse Mortgages
A Reverse Mortgage enables you to use some of the money tied up in your home without having to sell it. 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.
Award winning home loans
Can't quite find what you're after?
Drop into a branch
Our friendly staff are happy to help with all your banking needs. Find a location near you across NSW and South East QLD.
Can’t make it to a branch?
Our mobile lenders are more than happy to come to you. Find a lending expert close to you and request a callback today.
Get in touch
Speak to our contact centre
Monday to Friday 8:00am – 6:00pm AEST.
Saturday 8:00am to 1:00pm AEST
*Conditions, fees and charges apply to all loans. Subject to meeting Greater Bank's lending criteria.
Greater Bank, part of Newcastle Greater Mutual Group Ltd ACN 087 651 992 Australian Financial Services Licence/Australian credit licence 238273
++ $2,000 cashback for loans ≥$250,000 with LVR of less than or equal to 80%, or $3,000 cashback for loans ≥$500,000 with LVR of less than or equal to 80%,. Applications must be submitted by 31/05/2024 and funded by 31/08/2024. Only one (1) Cashback Payment per eligible loan, and for first eligible loan only. Not available in conjunction with any other promotional payment. Offer may be varied or withdrawn at any time. See the full Cashback Offer Terms and Conditions. Terms, conditions, fees, charges and credit criteria apply.
~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 for owner occupied Home Loans with an LVR 80% or below and for investment Home Loan 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 if your loan has a fixed rate.
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.
FASTRefi® is a registered trademark of First American Title Insurance Company of Australia Pty Limited ABN 64 075 279 908.
Rate City Gold Award 2024, see http://ratecity.com.au/home-loans/awards for more information