Here’s how Lori found banking with a difference
Lori is a numbers woman, through and through. So, when she began the hunt for best value banking, she could trust in the old adage: Numbers don’t lie.
The Greater Advantage
Interest Rate
2.19
%#
p.a.
Comparison rate
2.20
%^
p.a.
Discount variable rate, owner occupied, principal and interest
Greater Bank home loans are full of greater advantages to help you get ahead.
Join the 75%* ahead on their home loan and gain your greater advantage with Greater Bank.
What is the Greater Advantage?
At Greater Bank, our Home Loan Experts give customers Greater Advantages.
Advantages like the fact that we'll visit you at your place, at a time that works for you.
Our home loans have low rates and low fees, to help you in paying off your loan sooner.
To switch and save with us you don’t even have to talk to your current lender.
Discover how we optimise home loans and why so many of our customers are ahead on theirs.
The Greater Advantages
Switch your home loan from the Big 4 banks and save
Our home loans are full of greater advantages to help you save, like the savings you could make against any of the Big 4 Banks.
Even though interest rates are low, there are great savings to be made.
So to own your home sooner, rather than helping fund shareholders, talk with our Home Loan experts and gain your greater advantage.
See how much you could save by switching!
Here's how we can help
Want to reduce the cost of your home loan?
People can feel pretty trapped by their mortgage, but there are a few ways that you can really take action to reduce home loans, particularly by avoiding or offsetting fees.
Owning your home sooner
It’s the home you want, not the home loan. You’ll love just how simple we’ve made it to save on your mortgage and make the move from owe to own.
What is a home loan going to cost me?
All you need is your deposit and the property of your dreams, right? Not quite. Know exactly what you’re in for when it comes time for you to buy.
Looking for a Greater Advantage on your Home Loan?
Greater Bank’s Great Rate Home Loan gives you exactly that.
Save with this great low rate (...it really is a great rate).
Plus, no monthly fees, no annual fees and no establishment fees.
To save, talk with our Home Loan experts and gain your greater advantage.
Great Rate Home Loan
Interest rate
2.19
%#
p.a.
Comparison rate
2.20
%^
p.a.
Discount variable rate, owner occupied, principal and interest
A Great Rate Home Loan from Greater Bank is a low interest rate home loan that's easy to use. With no establishment fee, low interest and no monthly or annual fees, you could save thousands of dollars!
Why choose our Great Rate Home Loan?
No monthly fees, no establishment fee and no annual fees.
Borrow up to 95% of your property value, or avoid Lender’s Mortgage Insurance by securing a deposit of 20% or more.
Discounted interest rates for new loans borrowing more than $150,000 with an LVR 80% or below. (Line of Credit facilities excluded).
Free redraw available around the clock via online banking.
Here's how we can help
Here's how Stephen and Kylie built their forever home
Stephen and Kylie dreamed of building the perfect family home. Here’s how, with a little help from our Great Rate Home Loan, they’re working to make that happen.
How much can you borrow for a home loan?
Before you head out in search of your new home, get a handle on how much you can actually borrow. It’s a great first step, and it’s easier than you may think.
Want to reduce the cost of your home loan?
People can feel pretty trapped by their mortgage, but there are a few ways that you can really take action to reduce your home loan, particularly by avoiding or offsetting fees.
Here's how Shivangi bought her first apartment
Shivangi was looking for great service - someone to help her through the process of buying her first apartment, and that's exactly what she got with Greater Bank and our Great rate Home Loan.
Fixed vs Variable Home Loans - How to Choose
If you’re looking to buy a home, then making sure you choose the right home loan for your needs will be an important decision.
Our lenders work for you, not on commission
If you’re looking to talk with a mortgage broker, don’t forget the advantages of Greater Bank’s Home Loan Experts.
Firstly, we don’t work on commission! We work on finding you the best home loan fit to help you get ahead.
Plus, we follow your loan through every step of the process – so you avoid dealing with different departments.
For greater value Home Loans and ALL your banking needs, talk with a bank, that’s happy to talk to you.
Here's how we can help
You might also be after
Here's how Sam and Kate refinanced and saved
Sam and Kate worked really hard to buy the property they loved. By refinancing with us, they're paying off their mortgage faster.
What's the deal with mortgage brokers?
How does Greater Bank compare with mortgage brokers? We decided to look at the main elements that are considered as mortgage brokers’ biggest strengths.
Questions to ask before you take out a home loan
Taking out a home loan is a big decision to make, and it’s important that you have all the information you need before you commit. There are some specific questions to ask your home loan lender to make sure you are getting the best loan for you.
How Do You Know When You’re Ready To Buy A Home?
While buying your first or next home is always going to seem like a huge decision, there are tell-tale markers to look for which could clue you in on when to buy property.
Know what to expect when applying
Applying for a home loan can be more than a little overwhelming. That's why we've demystified the process. Here's what we'll ask you for, and what to expect.
Getting approved for a home loan
If you’re looking for the perfect place to call home, securing pre-approval can give you the confidence to make an offer on the spot when the time is right.
5 steps to buying your first home
Buying your first home should be one of the most exciting experiences of your life, but you need the right advice to make sure the process runs smoothly.
Fixed vs Variable Home Loans - How to Choose
If you’re looking to buy a home, then making sure you choose the right home loan for your needs will be an important decision.
Improving your chances for home loan approval
When applying for a home loan, your income and expenditure, as well as your assets and debts, all play a role. So does your saving and credit history. Here’s how to improve your chances of approval.
Getting your first home with a Family Pledge loan
To gain a great advantage on getting your first home, our Family Pledge Loan lets you use the equity of your parent’s home as a deposit.
This way you avoid paying Lenders Mortgage Insurance and once you’ve built the equity in your own home, you can remove their liability from the loan.
Thanks, mum and dad!
Talk to our Home Loan Experts about the Family Pledge Loan, and gain your greater advantage.
How much could you borrow?
Here's how we can help
Lowering your debt-to-income ratio
During a home loan application, a lender will calculate debt to income ratio, namely, in regard to what can be paid on a mortgage. Read how to lower your DTI ratio here.
Here’s how Katie and Justin purchased their first home
Greater Bank’s Family Pledge Loan got Katie and Justin their house and after some clever renovations, a few little extras…
Don't have a deposit? A Family Pledge Loan could help
Getting the keys to your first home isn't a walk in the park, but how much closer would you be if you had a little help from your folks?
Pros and cons of guarantor home loans
When it comes to securing a Home Loan, a little help from your parents could be just what you need to get you over the line. Here’s what you need to know about guarantor home loans.
How Do You Know When You’re Ready To Buy A Home?
While buying your first or next home is always going to seem like a huge decision, there are tell-tale markers to look for which could clue you in on when to buy property.
Understanding Lender's Mortgage Insurance
Unless you’ve ever gone through the process of buying a home, chances are you’ve never heard of Lenders' Mortgage Insurance. It’s not an essential piece of knowledge unless you’re trying to calculate how much to save for your deposit when trying to secure a Home Loan.
Buying vs Renting
If you’re stuck between the prospects of buying and renting, here are a few lifestyle considerations you might want to take into account.
A guide to buying your first house
We want potential first-home owners to be informed and prepared for buying their first property, That is why we have created this simple guide to buying your first home.
Here's how Allan and Ash bought their first home
With an eye to the future and a young baby, this couple in their twenties were able to buy their first home with some hard work, planning, and our family pledge loan.
5 questions every first home buyer needs answered
Buying a home can feel like a daunting challenge, especially when it's your first. Answering these five important questions will make the whole process much easier.
How much deposit do I need?
Saving for a deposit and getting home loan approval is a process for which there is no ‘one-size-fits-all’ solution, so getting the right information for your needs can prove tough.
Applying for a home loan with no deposit
If you’re looking for your first home loan, but are having trouble saving for your deposit, and are scared off by lender's mortgage insurance, opting to have parents or a family member go guarantor may be right for you.
5 steps to buying your first home
Buying your first home should be one of the most exciting experiences of your life, but you need the right advice to make sure the process runs smoothly.
Accessing the first home buyer grant
Learn how to access the First Home Buyer Grant in your State. Take our quick Quiz to understand the eligibility requirements and see if you're qualified.
Making an offer on a house
So you’ve been scouring the housing market and have found the property for you? Doing your homework now will mean that your first offer is the only one you make.
Our home loans are full of greater advantages to help you get ahead
Advantages like free online redraws, competitive rates with low fees.
What's more, we offer flexible repayment options and encourage you to get ahead on your home loan.
Join the 75%* ahead on their home loan and gain your greater advantage with Greater Bank.
Calculate your potential repayments
Here's how we can help
Redraw VS Offset Explained
Redraw vs offset, what is the difference? In this article we explain the difference between offset & redraw facilities & help you to decide which is right for you.
Tips for buying a house, like Adam & Christie did
Adam & Christie don’t muck around. They set their sights and go for it. It’s all-in or nothing, and Greater Bank has been all-in with them every step of the way.
Can I redraw on my Home Loan?
We answer your questions in a piece that attempts to provide clarity around the often mentioned, seldom fully understood home loan redraw facility.
How to pay off your home loan in 5 years
Paying off a home loan in 5 years is the dream, right? The reality is, it’s a very challenging goal. Having such short or tight time constraints could be very strenuous, but it is possible given the right circumstances.
Here's how Christine gave her family space to grow
After securing an Ultimate Home Loan through her local Greater Bank branch, Christine got the house her family needed. Thanks to FREE online redraws, Christine, hubby and the boys got into renovation, after renovation after renovation.
How does redraw work?
If you’ve been putting extra money towards your home loan, a redraw facility lets you re-borrow your extra repayments. What’s more – for Greater Bank customers, redraw is easy and free via Online Banking and our App.
What is a home loan going to cost me?
All you need is your deposit and the property of your dreams, right? Not quite. Know exactly what you’re in for when it comes time for you to buy.
Know what to expect when applying
Applying for a home loan can be more than a little overwhelming. That's why we've demystified the process. Here's what we'll ask you for, and what to expect.
Refinance in as little as 72 hours
If you have a home loan but would like to switch and save, with FASTRefi® we can have you refinanced and saving within days.
This can give you access to a lower rate sooner.
What's more, to switch you don’t even have to talk to your current lender.
Chat with our Home Loan Experts about FASTRefi® and owning your home sooner.
Refinance Calculator
Here's how we can help
Here's how Sam and Kate refinanced and saved
Sam and Kate worked really hard to buy the property they loved. By refinancing with us, they're paying off their mortgage faster.
Refinancing your home loan
Here's what to expect if you decide to refinance and join the more than 75% of our customers who are ahead on their home loans.
What to consider before you refinance
Trying to decide if refinancing is right for you? Switching lenders may offer benefits, but it’s important to be sure before moving on. Here’s how to find out if you’re ready to make the switch.
How much can I borrow for a home loan?
To help you answer your burning first home loan questions we’ve provided this step-by-step approach to getting your finances in order, to help you confidently and comfortably apply for a home loan.
Accessing your home equity
So you’ve heard it’s possible to make your home loan work for you and tap into the equity in your property. We’ve got the right advice to help you do it properly.
Should I refinance?
Whether you’ve had your loan for a number of years and your needs have changed, or you just have a sneaking feeling you could get a better deal, a mortgage refinance might be right for you.
Check out our Home Loans for yourself
Great Rate Home Loan
Interest rate
2.19
%#
p.a.
Comparison rate
2.20
%^
p.a.
~Discount variable rate, owner occupied, principal and interest
Our simple, low rate loan that’s perfect if you’re after great value and no ongoing fees. Our Great Rate home loan lives up to its name and offers flexible repayment and loan term options.
Ultimate Home Loan
Interest Rate
2.75
%#
p.a.
Comparison rate
3.18
%^
p.a.
~Discount variable rate, owner occupied, principal and interest
Our ultimate in loans. Our Ultimate Home Loan offers the flexibility of fixed or variable rate, or a mixture of both. What's more, it features a linked offset account and free redraw available around the clock via online banking.
Line of Credit
Interest rate
4.85
%
p.a.
Line of Credit home loan base rate
Our Line of Credit helps you make the most of the equity in your home. Great if you’re thinking about renovating, investing, or just want more flexibility.
Ultimate Investment Home Loan
Interest rate
2.79
%#
p.a.
Comparison rate
3.22
%^
p.a.
~Discount variable rate, principal and interest
Our Ultimate Investment loan combines great value with a range of features designed to make investing easier.
Great Rate Investment Home Loan
Interest rate
2.29
%#
p.a.
Comparison rate
2.30
%^
p.a.
~Discount variable rate, principal and interest
With low-interest rates and no monthly or annual fees, we've made investment simple.
We're not the only ones impressed by the Greater Advantage
2022
Mozo Expert's Choice
Home Lender of the Year
2022
Mozo Expert's Choice
Ultimate Home Loan (Discount)
2021
Money Magazine
Best Customer-Owned Institution
2021
Mozo People's Choice
Outstanding Customer Satisfaction
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 Limited ABN 88 087 651 956. AFSL/Australian credit licence No. 237476.
*77.2% of Greater Bank home loan customers were more than one month ahead of their minimum monthly repayments as at 31 July 2021.
~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 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.