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Family Pledge Home Loan

Get into the property market sooner with help from your parents or a family member.

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.

Why Greater Bank?

We're customer owned, which means we have no shareholders - we exist to serve you. Our profits are reinvested into our business in order to provide better value products and services, and we foster the communities in which we operate.

Enquire About A Home Loan

If you are after some more information, a loan pre-approval or are ready to apply for a home loan, start a conversation with a Greater Bank lending expert today to help you get what you want sooner.

*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
^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.
ˇFees and charges may apply. #Discounted rate available for owner occupiers on new borrowings only for a minimum loan amount of $150,000 and a maximum LVR of 90%. View our Terms and Conditions.
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