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.+
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.
| Great Rate Home Loan | Interest Rate# | Comparison Rate^ |
|---|---|---|
| Variable | 5.49% p.a. | 5.50% p.a. |
| Great Rate Home Loan | Interest rate | Comparison rate^ |
|---|---|---|
| Variable | 7.36% p.a. | 7.37% p.a. |
| Great Rate Home Loan | Interest rate~ | Comparison rate^ |
|---|---|---|
| 1 Year Fixed | 5.49% p.a. | 7.17% p.a. |
| 2 Years Fixed | 4.99% p.a. | 6.90% p.a. |
| 3 Years Fixed | 4.99% p.a. | 6.69% p.a. |
| 4 Years Fixed | 5.39% p.a. | 6.65% p.a. |
| 5 Years Fixed | 5.39% p.a. | 6.51% p.a. |
| 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.
Anyone can apply for a Great Rate Home Loan, provided that you are:
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?
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
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.
Fixed Amount – this is a fixed amount you wish to pay. This amount can be edited and changed at any time if you wish.
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.
If you’re wanting to set up a recurring payment, select ‘Recurring’
Then select the frequency – Weekly, Fortnightly, Monthly
Select a start date by taping 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.
Our friendly staff are happy to help with all your banking needs. Find a location near you across NSW and South East QLD.
Our mobile lenders are more than happy to come to you. Find a lending expert close to you and request a callback today.
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, 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 or $2,500 cashback for loans ≥$500,000. 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 at 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.
