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Author: Greater Building Society

New low in home loan rates - our one year fixed rate is now 3.49%

At The Greater, we've cut our home loan interest rates for a second time this month.

We've cut our one year fixed Great Rate (basic) home loan rate to just 3.49 per cent for a limited time.

Our CEO Scott Morgan said he believes this is one of the lowest home loan rates we've ever offered.

“This is another great opportunity for people to get a great home loan offer,” Mr Morgan said.

This is on top of the fact that we recently passed on the RBA’s 0.25 per cent cut in official interest rates on our variable home loans.

The special one year fixed rate applies to new home loans (including loans switched from other lenders) that are fully drawn before 30 June 2015. We're also waiving application, establishment, settlement and valuation fees on this loan.

Unlike many other financial institutions, we offer a free redraw facility via our internet banking on our fixed rate and variable rate home loans. Our customers also have the ability to make extra repayments.

If you'd like to find out more: