Ultimate Home Loan
Interest rate
6.24
%~
p.a.
Comparison rate
7.71
%^
p.a.
~2 year fixed Ultimate Home Loan rate, owner occupied, principal and interest
Our ultimate in home loans.
Eye-catching fixed and variable interest rates, packaged with products and services to help every home-owner.
Why choose our Ultimate Home Loan?
A linked 100% Ultimate Offset account on variable loans.
Free redraw available around the clock via online banking.†
Discounted interest rates for new loans borrowing more than $150,000 with an LVR 80% or below.
An option to apply for an annual fee-free Visa Credit Card.
You could pay off your loan sooner by making additional repayments. ‡
No upfront establishment fee – no nasty upfront surprises.
Can be used for land purchases and for new home construction (variable rates only).
Flexible loan terms up to 30 years in length^
Flexible repayment options, including the ability to split your loan between fixed and variable rate.
Interest rates, fees and charges
Ultimate Home Loan - Discount variable rate
| Ultimate discount variable | Interest rate# | Comparison rate^ |
|---|---|---|
| Variable | 6.19% p.a. | 6.56% p.a. |
Ultimate Home Loan - Variable rate
| Ultimate Home Loan | Interest rate | Comparison rate^ |
|---|---|---|
| Variable | 7.66% p.a. | 8.01% p.a. |
Refer to the Home Loans Terms and Conditions, Lending Products Product Schedule and Lending Fees and Charges for further information regarding terms, conditions, fees, charges and credit criteria that apply.
Ultimate Home Loan - Fixed rates
| Ultimate Home Loan | Interest rate~ | Comparison rate^ |
|---|---|---|
| 1 Year Fixed | 6.24% p.a. | 7.85% p.a. |
| 2 Years Fixed | 6.24% p.a. | 7.71% p.a. |
| 3 Years Fixed | 6.34% p.a. | 7.62% p.a. |
| 4 Years Fixed | 6.49% p.a. | 7.57% p.a. |
| 5 Years Fixed | 6.49% p.a. | 7.48% p.a. |
Refer to the Home Loans Terms and Conditions, Lending Products Product Schedule and Lending Fees and Charges for further information regarding terms, conditions, fees, charges and credit criteria that apply.
Fees and charges
| Upfront establishment fee | $0 |
| Annual fee | $395.00 |
| Settlement processing fee | $180.00 |
| Government registration fees apply? | Yes |
The above are a selection of our fees only, other fees and charges may apply.
Refer to the Home Loans Terms and Conditions, Lending Products Product Schedule and Lending Fees and Charges for further information regarding terms, conditions, fees, charges and credit criteria that apply.
Calculate your home loan repayments
Calculator Disclaimer
This calculator should be used as an indication only. Results provided are estimates for illustrative purposes and based on the information provided and the assumption that calculations are for new borrowings only. These assumptions are subject to change. Results should not be relied on or construed as financial or other advice. Results do not represent a quote or pre-qualification for a loan or other product.
Calculations are not a loan or other product approval. Applications for credit are subject to credit approval and satisfactory security and minimum deposit requirements. Other criteria also apply. Conditions apply to all loans and other products. Full terms and conditions will be set out in our loan or other product offer, if an offer is made.
Weekly and fortnightly repayment amounts shown are not a simulation of actual loan repayments. They are indicative conversions only and do not reflect actual repayment calculations or outcomes. Greater Bank loan repayments are calculated and payable on a monthly basis.
Fees and charges are payable. Interest rates are subject to change. The calculations do not take into account fees, charges or other amounts that may be charged to your loan or other account (such as establishment fees or stamp duty). Lender's Mortgage Insurance may apply. Any of these additional amounts will increase repayments under the loan.
As this information has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on it. You should obtain financial and taxation advice from a suitably qualified and experienced professional adviser before making a financial decision.
Calculator by Widget Works.
Got a question about our Ultimate Home Loan?
A packaged variable rate loan gives you access to a 100% Offset facility.
You also have the option of combining your home loan with other products like an everyday bank account or credit card, for example.
Packaging them together with your loan means paying one loan package fee instead of paying separate fees for each product.
You may also get a discounted home loan rate as well.
Talk to your lender about the pros and cons of choosing a package loan.
Terms, conditions, fees, charges and credit criteria apply.
No one loan is perfect for everyone.
At Greater Bank, we understand that every one of our valued customers have different needs and are at different stages in their lives.
The right loan for you depends on these needs.
A variable rate loan means that the interest rate on the loan may go up and down over the loan period. This allows you to make additional or early repayments to take advantage of interest rate fluctuations.
A fixed rate loan means that the interest on the loan remains constant over a fixed period, so your repayments will stay the same. You will be able to budget for your repayments and are protected from rises in interest rates.
Still have questions? Contact a friendly Greater Bank staff member on 13 13 86 or visit your nearest branch.
Terms, conditions, fees, charges and credit criteria apply.
Use one of our lending calculators to find out:
- What is my borrowing power?
- What would my loan repayments be?
- How quickly can I pay off my loan?
- How soon can I reach my savings goal?
- How much interest can I earn on my investment?
Changing from one Greater Bank Home Loan Product to another is easier than you might think.
Why not get in touch with us today to see what our Lending Staff can do to make life greater?
- Make a Loan Enquiry online now
- Call 13 13 86 to speak with a friendly member of staff
- Visit your nearest branch to speak with your local Lending Manager
Note: Fixed Rate break costs may apply
Greater Bank offers a number of ways for customers to kick-start what will surely be one of life’s most exciting experiences – buying a home.
You can start a conversation with Greater Bank today by
- Making a Home Loan enquiry online.
- Dropping into your nearest branch.
- Calling us on 13 13 86 and speaking with a friendly member of staff.
There are several options for setting up your home loan repayments, depending on your financial goals and circumstances. You can also choose to repay your loan weekly, fortnightly or monthly to suit your budget.
Monthly repayment only: You can easily set up an Easypay repayment for all Greater Bank home loans via online banking. The 'monthly repayment only' option will automatically increase or decrease in line with interest rate movements. You can also opt to make your monthly repayment weekly or fortnightly. You can also choose to add an additional amount your monthly repayment if you would like to pay more each month.
Fixed amount: This option is available if you opt to nominate a fixed amount. Changes to the amount will need to be managed by you via online banking in line with interest rate movements as the repayment amount will not change automatically.
If you have automatic transfers set up from another financial institution, you’ll need to contact them to update your repayment amount or check your current transfer amount.
You can set up an automatic home loan repayments in online banking or our mobile app.
-
Log in and go to 'Transfer' > select the account you’d like to pay your loan from > then select your loan
-
In the ‘Type’ field, you can select from the drop-down menu the transfer type.
-
Monthly Repayment Only – this is the monthly repayment on your loan calculated at the time of payment
-
Monthly Repayment Plus Extra – Pay a fixed amount off your loan, in addition to the monthly repayment on your loan, calculated at the time of payment.
- Fixed Amount - As the name suggests, a fixed amount is a set amount you nominate for each payment cycle. While this is an easy way to know exactly how much you’re paying and when, the amount won’t automatically adjust, so you’ll have to update it if your minimum repayments change.
This isn’t as big a deal if interest rates are decreasing, as this lowers the minimum repayment amount for many people who choose to pay the extra off their loan, but it’s an important consideration as interest rates increase, so you can adjust your repayment amount if necessary to ensure you don’t fall behind.
-
-
If you want to set up a recurring payment, select ‘Recurring’
-
Then select the frequency – Weekly, Fortnightly, Monthly
-
Select a start date by tapping into the date field, and a calendar will appear.
-
Select when you would like this to end – either ‘Never’ or ‘On a specific date’
-
Click ‘Next’
-
The click ‘Confirm and transfer’
If you have a scheduled Fixed Home Loan or Personal Loan repayment that you’d like to change, you can edit this by going to ‘Scheduled’ located in the side menu if accessing Online Banking on a desktop, or going to ‘Manage' > 'Scheduled’ if using the app.
-
Select the scheduled payment for your loan
-
Select ‘Edit’ and make your changes
-
If you wish to delete the payment select ‘Delete’
If you have a Monthly Repayment Only or Monthly Repayment Plus Extra and wish to change this, you will need to delete these, as these payment types can’t be edited.
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Get in touch
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Monday to Friday 8:00am - 6:00pm AEST.
Saturday 8:00am - 1:00pm AEST.
Terms, conditions, fees, charges and credit criteria apply.
^Comparison rate is based on $150,000 over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
†Redraws available on application, for amounts in advance. A redraw fee applies to applications made in branch.
~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.
‡A prepayment fee applies to fixed rate loans if you make more than 5% in extra payments. Contact us before making additional repayments to get an estimate of the prepayment fee.
#Discounted rates available for new home loans $150k+, with LVR of 80% or less.
Interest Only home loans attract a 0.10% p.a. margin above the applicable Principal and Interest interest rate. Your interest rate which includes any margins, will be set out in your loan contract.
◊Cashback offers:
*Online Cashback of $2,500 for eligible home loans $250-$499k or $3,000 for loans ≥$500k available for applications submitted via the Greater Bank Digital Home Loan application channel (online application) with 80% LVR or below. Excludes refinances from Greater Bank or Newcastle Permanent. If eligible, cashback payment will be made within 60 days of the loan settlement date (loan must still be open at time of payment). Only one (1) cashback payment per eligible loan and for first eligible loan only. Not available in conjunction with any other cashback or promotional payment (except any interest rate discount offered). Offer may be varied or withdrawn at any time. See the full Online Cashback Offer Terms and Conditions.
+Cashback of $2,000 for eligible home loans $250-$499k or $2,500 cashback for loans ≥$500k available for refinance applications submitted via Greater Bank lenders (not online), with 80% LVR or below. Only one (1) cashback payment per eligible loan, and for first eligible loan only. Not available in conjunction with any other promotional payment. Offer may be varied or withdrawn at any time. See the full Cashback Offer Terms and Conditions.
**$2,500 cashback for loans ≥$250,000 with LVR less than or equal to 95%. Only one (1) Cashback Payment per eligible loan, and for first eligible loan only. All borrowers must be a first home buyer, which means they have never owned or co-owned a residential property. Not available in conjunction with any other promotional payment. Offer may be varied or withdrawn at any time. See the full First Home Buyer Cashback Offer Terms and Conditions here.