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Family Pledge Home Loan - Greater Bank

Family Pledge Home Loan

Interest Rate 1.59 % p.a.
Comparison rate 3.48 %^ p.a.
~1 Year Fixed Rate, owner occupied, principal and interest

Get into the property market sooner with help from your parents or a family member and our Great Rate Home Loan.

What is a family pledge home loan?

A family pledge or family guarantee home loan is where you can 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.

Why should I apply for a family pledge home loan?

No deposit required

Waived Lenders Mortgage Insurance (LMI)

Borrow up to 110% of the property value

Limit the size of your guarantee

Here's how Allan and Ash bought their first home


Even though they’re young, Ash and Allan have an eye focused on the future.

Looking around the Maitland area to buy their first home, they realized they couldn’t quite afford the deposit.

But with a bit of help from Allan’s dad and by using our Family Pledge loan they now live in their own home with their baby daughter.

Calculate your Repayments

How we can help

Our Awards

Customer Owned Institution of the Year 2021 - Greater Bank


Best Customer-Owned Institution

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Mobile Banking Experience

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Outstanding Customer Satisfaction

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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 for owner occupied Home Loans with an LVR 90% 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 to fixed rate loans.

* To access your Ultimate Home Loan package insurance discounts please visit your local branch or alternatively call us on 131386. The discount is not available online. The discount is only available for the first year of the policy.
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.

*77.2% of Greater Bank home loan customers were more than one month ahead of their minimum monthly repayments as at 31 July 2021.

View our Terms and Conditions.