Skip to Main Content
Great Rate Home Loan - Greater Bank

Great Rate Home Loan

Interest rate 6.09 %# p.a.
Comparison rate 6.10 %^ p.a.
~Discount variable rate, owner occupied, principal and interest

It’s more than just a great rate.

The perfect loan if you’re after great value and no ongoing fees. Plus, flexible repayment options help you make the move from owe to own sooner.+

Why choose our Great Rate Home Loan?

No monthly fees, no establishment fee and no annual fees.

Flexible repayment options, including the ability to split your loan between fixed and variable rate.

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

You could pay off your loan sooner by making additional repayments+.

Our Family Pledge option allows you to borrow up to 110% of the value of your property by applying with a guarantor.

 

Rates are effective as at 9am Thursday 30/05/2024

Great Rate Home Loan - Discount variable rate

Great Rate Home Loan Interest Rate# Comparison Rate^
Variable 6.09% p.a. 6.10% p.a.
Rates are effective as at 9am Thursday 30/05/2024

Great Rate Home Loan - Variable rate

Great Rate Home Loan Interest rate Comparison rate^
Variable 7.86% p.a. 7.87% p.a.
Rates are effective as at 9am Thursday 30/05/2024

Great Rate Home Loan - Fixed rates

Great Rate Home Loan Interest rate~ Comparison rate^
1 Year Fixed 6.29% p.a. 7.70% p.a.
2 Years Fixed 5.89% p.a. 7.47% p.a.
3 Years Fixed 5.79% p.a. 7.26% p.a.
4 Years Fixed 5.84% p.a. 7.12% p.a.
5 Years Fixed 5.84% p.a. 6.97% p.a.

Fees and charges

Establishment fee $0
Monthly fee $0
Settlement processing fee $180.00
Government registration fees apply? Yes

The above are a selection of our fees only. Additional Fees and Charges may apply. For further information please view the Home Loans Terms and Conditions and Lending Products Product Schedule.

Who can apply for a Great Rate Home Loan?

Anyone can apply for a Great Rate Home Loan, provided that you are:

  • Are an individual living in Australia
  • Are aged 18 years or older
  • Are an Australian citizen or a permanent resident of Australia
  • Are looking to purchase an eligible property in NSW, QLD or the ACT

Calculate your home loan repayments

 

Got a question about our Great Rate Home Loan?

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

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

Use one of our lending calculators to find out:

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

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 contact centre
Monday to Friday 8:00am – 6:00pm AEST.
Saturday 8:00am to 1:00pm AEST

Call 13 13 86

*Conditions, fees and charges apply to all loans. Subject to meeting Greater Bank's lending criteria.

Greater Bank, part of Newcastle Greater Mutual Group Ltd ACN 087 651 992 Australian Financial Services Licence/Australian credit licence 238273 

++ $2,000 cashback for loans ≥$250,000 with LVR of less than or equal to 80%, or $3,000 cashback for loans ≥$500,000 with LVR of less than or equal to 80%,. Applications must be submitted by 31/05/2024 and funded by 31/08/2024. 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. Terms, conditions, fees, charges and credit criteria apply.

~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 80% 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.