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Why choose a Greater Bank Home Loan?

Option for a competitive fixed (land only) or variable (construction and/or land) interest rate – you can split the loan.
Loan offset available.
Option for a savings account with no transaction fees.
Select from a no ongoing monthly fee option with our Great Rate Home Loan or an annual fee with our Ultimate Home Loan.
Flexible repayment options, with the ability to make additional repayments without being penalised + (variable rate loans only).
Access to discounted Home Insurance through our partner, Allianz Insurance.

How construction loans help you build or renovate

As your construction progresses, funds are released

These staged payments are called progress payments. Releasing money this way allows you to stay on top of the build and make sure you’re only paying for work that has been done.

You make interest only repayments until construction is done

You won’t be required to make principal and interest repayments while construction is taking place, leaving you money for unexpected expenses, or to rent while you’re building.

Great for major renovations

Construction loans aren’t just for building – if you’re seeing the potential in your current home, they can be used to make your major renovation dreams a reality.

Choose the right home loan with our handy calculators

Borrowing Power Calculator

Repayments Calculator

Home Loan Comparison Calculator

Stamp Duty Calculator

Home Loan Key Fact Sheet

Got a question about our home loans?

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?

Yes.

At Greater Bank, we know sometimes it's hard for you to visit us when applying for a home loan, so we will come to you. Our experienced Lenders can visit you at home or work, at a time that suits you. Whether you’re considering a new home loan or swapping your current home loan to Greater Bank, our Lenders are here to help make your life greater.

Get in touch with a Mobile Lender near you - Find a lender

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 1300 721 253 or visit your nearest branch.

Pay extra on my fixed rate home loan without a penalty?


You can make additional payments during a fixed period on Principal and Interest and Interest Only loans but a pre-payment fee may apply.


You can make extra repayments up to 5% of your original loan amount before there is any chance that a prepayment fee may apply.


Pre-payment fees don’t apply to an extra repayment on a variable rate home loan.

How we can help

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.

Find a branch

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.

Find a lender near you

Get in touch

Speak to our lending contact centre
Monday to Friday 8:30am – 5:30pm AEST.
Saturday 9:00am to 1:00pm AEST

1300 721 253

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.

#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 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.