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A Great Rate For Your First Home

Interest Rate 1.69 % p.a.
Comparison rate 3.49 %^ p.a.
#Great Rate Discount Variable, Owner Occupied, New Borrowings

Welcome, first home buyers. This is your place to find the essential information you need to purchase your first home.

Here's how Adam and Jon bought their first home

Having a real person in an actual branch to talk to was a big help to Adam and Jon. They started talking with Greater Bank 12 months before they bought their first home.

The helpful information they got not only gave them the goal of a housing deposit to work towards – it made it seem achievable. 

When the boys decided to switch all their banking to Greater Bank, it was a cinch -  now they can keep track of their loan repayments and do all their day-to-day banking on the one handy app.

Your Here's How Toolkit

Here's How easy we've made it to get your first home loan.

Source your deposit

Generally, you’ll need to have saved a minimum 5% of the purchase price as a deposit. A high-interest savings account, such as The Greater Bank Bonus Saver, is great for accumulating a deposit as it rewards your good saving habits by paying interest rate when you make a deposit and no withdrawals in a given month.

If your parents are happy to give you a hand in providing security for your loan, our Family Pledge option may mean you can reduce, or even eliminate, the deposit amount you need to contribute.

How much can you borrow?

How much will your repayments be?

Calculate your Stamp Duty

Let's talk pre-approval!

Start a discussion with Greater Bank today about pre-approval!

Our Great Rate Loan Features

$0 Establishment Fee, No Ongoing Fees

Discounted variable rates on new loans over $150k with an LVR ≤80%

Family Pledge Available

Additional Repayments+

Are you eligible for the First Home Buyer Grant?

Buying your first home can be a struggle, so accessing any helping hand on offer can help.

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.

Make a Home Loan Enquiry

Want to find out more or to apply? Contact us online today!

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 Home Loans 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.
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.

*77.13% of Greater Bank home loan customers were more than one month ahead of their minimum monthly repayments as at 31 December 2020.

View our Terms and Conditions.