Greater launches best value home loan in Australia

The Greater Building Society has today launched a discount on its most popular home loan, the Ultimate Home Loan, to make it the lowest variable package rate of any bank, building society or credit union in Australia.

The interest rate of 4.74% is available to new borrowers, refinancers or investors with a home loan of more than $300,000 and a loan to value ratio (LVR) of 80% or less.

The offer will be available from 1 July to 30 September, 2014 for new borrowers.

The offer will also be extended to existing borrowers on any additional loan amounts that meet the criteria and are approved during this period.

Head of Marketing Matt Hingston says the usual benefits of the Ultimate Home Loan will also still apply.

He says this includes no application fee, a 100% offset account, FREE internet redraw, discounts on insurance and a low rate fee free credit card.

“This is just another example of what we do every day, taking on the major banks by providing better value banking to people who live in the local communities we operate in.”

“Our Ultimate Home Loan interest rate was already better than the major banks, with the added discount it is now better than just about every other lender in the market, including the brokers.”

“When looking at home loans, borrowers should also look beyond the interest rate to ensure they are getting the best value.”

“For example if you are ahead on your home loan repayments and want to access your own money, some lenders will charge you for this privilege. At The Greater, we don’t think that’s fair, which is why it is free to redraw your money from your home loan through internet banking with us.”

“That’s the Greater way of banking”.

“Knowing this is one of the best value home loans in Australia means borrowers don’t need to spend time shopping around or talking to brokers. They just have to contact us online, over the phone or in branch to see how much they can save by banking with the Greater.”

The Greater Building Society provides home loans and a range of other financial services to 250,000 customers across NSW and South East Queensland. It is the 2014 Roy Morgan Customer Satisfaction Award winner for Best Building Society.

For comment please contact Matt Hingston, Head of Marketing (4921 9248).