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Hammer or cheque-book?

Firstly, you should take the time to consider whether or not your renovation project is something you’d be willing to undertake yourself, or if you’ll be looking to a contracted professional tradesperson.

Be honest with yourself during this early stage – while there may be some cost benefits involved in DIY, if you’re not 100% confident you’ll have the skills required to complete the job, it’s best to realise it now. If you don’t, you may end up attempting a DIY reno, only to have to double down on your costs to call in a pro.

Planning and budgeting

Once you know who’ll be completing work on your reno, you can start to make concrete plans and set up your budget.

You should take the time to decide exactly what work you want to be done and how much you’ll be willing to pay for it.

Use our Savings Goal calculator

Set up this project budget now by gaining a number of quotes or the proper DIY homework. This way, you’ll have a finite finance goal to aim for, regardless of whether you’re funding the reno yourself or with help from your bank.

Savings Goal calculator

Find out more about our Bonus Saver

If you’re looking to pay for the work out of your own pocket, our high-interest Bonus Saver Account is a perfect fit, rewarding you for your good saving habits each month. Open an account online today.

Bonus Saver Account

Get the right finance

If you prefer to get financing for your renovation project, it’s worth your while to consider your options.

Home Loan

If you're an existing Greater Bank customer and have enough equity in your home, the option of refinancing to cover the costs of your renovation may suit your needs.

An expert Greater Bank lender can help you discover your potential equity, and will be able to walk you through this process. We'll do all the hard work for you!

Personal Loan

Depending on the size and budget you have in mind for your reno project, a Greater Bank Personal Loan may be right for you.

With competitive rates, and the potential for loans to be approved in as little as 24 hours, a Personal Loan could see you breaking ground on your new extension or swimming pool before you know it!

Compare our Personal Loans

Preparing for incidentals

Even the best-laid plans are still just plans.

They can change at a moment’s notice – especially if you’ve decided to try your hand at a DIY renovation.

If equipment breaks down, material orders come up short, or you need that one particular tool at a moment’s notice, your budget may not be able to absorb it.

In this instance, it’s good to know that you’ll be able to get what you need and get back to work. This is where a Greater Bank Visa Credit Card comes in handy.

A simple, easy-to-use card, offering a great value rate and low fees. You’ll love it so much, you just might keep it in your tool-belt.

We've made Credit Cards simple

Great rate, low fees – everything you need and nothing you don't.

Our Visa Credit Card

Live it up!

Once your work is completed, it’s natural to want to crack the champagne and get on with the good life, but this can be a rookie error.

Now that you’ve put all that time, money and effort into improving your home, you deserve to enjoy it with peace of mind.

Once your renovation is complete, contact your insurer and let them know exactly what has changed at your place.

Once they’ve updated your level of cover to reflect your improvements, you can kick off your shoes and start enjoying the fruits of your labour.

Home and Contents Insurance

Want to know if we’re capable of getting you a better deal on your Home Insurance?

Get a Home and Contents Insurance quote

Compare Home Loans

Compare 5 products
Featured rate
Great Rate Home Loan
Our simple, low rate loan that’s perfect if you’re after great value and no ongoing fees. Our Great Rate loan lives up to its name and offers flexible repayment and loan term options.
Ultimate Home Loan
Our ultimate in loans. Our Ultimate Home Loan offers the flexibility of fixed or variable rate, or a mixture of both. What's more, it features a linked offset account and free redraw available around the clock via online banking.
Line of Credit
Our Line of Credit helps you make the most of the equity in your home. Great if you’re thinking about renovating, investing, or just want more flexibility.
Ultimate Investment Home Loan
Our Ultimate Investment loan combines great value with a range of extra products designed to make investing easier.
Great Rate Investment Home Loan
With low-interest rates and no monthly or annual fees, we've made investment simple.
Interest rate 1.59 %# p.a.
Comparison rate 2.10 %^ p.a.
~2 year fixed discounted revert rate, owner occupied, principal and interest
Interest Rate 1.59 %# p.a.
Comparison rate 2.99 %^ p.a.
~2 year fixed discounted revert rate, owner occupied, principal and interest
Interest rate 3.90 % p.a.
Ultimate Line of Credit home loan base rate
Interest rate 1.89 %# p.a.
Comparison rate 3.14 %^ p.a.
~1 year fixed discounted revert rate, principal and interest
Interest rate 1.99 %# p.a.
Comparison rate 2.25 %^ p.a.
~2 year fixed discounted revert rate, principal and interest
Key Features
Great if you want a low-rate no-frills home loan.
Key Features
Great if you want a packaged home loan with a low rate and added benefits.
Key Features
Great if you want a continuous credit facility to access the equity in your home.
Key Features
Great if you want a great value packaged loan to invest in property.
Key Features
Great if you want a simple, no-nonsense investment loan with competitive rates.
Interest only available
Fixed rates available
Minimum deposit required (without requiring mortgage insurance or a Family Pledge)
20% of purchase price (plus costs)
Maximum loan term
30 years
Parental guarantee available
Property location
NSW, ACT & QLD
Multiple offset accounts
Free redraw online
Additional repayments
Split loan option
Can be used for land & construction (variable rates only)
Can be used for refinance
Fast refi
Available if self employed
Repayment holiday
Ongoing fee
Interest only available
Fixed rates available
Minimum deposit required (without requiring mortgage insurance or a Family Pledge)
20% of purchase price (plus costs)
Maximum loan term
30 years
Parental guarantee available
Property location
NSW, ACT & QLD
Multiple offset accounts
Yes. Available once loan reverts to a variable interest rate.
Free redraw online
Additional repayments
Split loan option
Can be used for land & construction (variable rates only)
Can be used for refinance
Fast refi
Available if self employed
Repayment holiday
Ongoing fee
$395 p.a. Package fee
Interest only available
Fixed rates available
Minimum deposit required (without requiring mortgage insurance or a Family Pledge)
20%-25% dependent on security taken
Maximum loan term
N/A
Parental guarantee available
Property location
NSW, ACT & QLD
Multiple offset accounts
Free redraw online
Additional repayments
Split loan option
Can be used for land & construction (variable rates only)
Can be used for refinance
Fast refi
Available if self employed
Repayment holiday
Ongoing fee
$10 per month
Interest only available
Fixed rates available
Minimum deposit required (without requiring mortgage insurance or a Family Pledge)
20% of purchase price (plus costs)
Maximum loan term
30 years
Parental guarantee available
Property location
NSW, ACT & QLD
Multiple offset accounts
Yes. Available once loan reverts to a variable interest rate.
Free redraw online
Additional repayments
Split loan option
Can be used for land & construction (variable rates only)
Can be used for refinance
Fast refi
Available if self employed
Repayment holiday
Ongoing fee
$395 p.a. Package fee
Interest only available
Fixed rates available
Minimum deposit required (without requiring mortgage insurance or a Family Pledge)
20% of purchase price (plus costs)
Maximum loan term
30 years
Parental guarantee available
Property location
NSW, ACT & QLD
Multiple offset accounts
Free redraw online
Additional repayments
Split loan option
Can be used for land & construction (variable rates only)
Can be used for refinance
Fast refi
Available if self employed
Repayment holiday
Ongoing fee
Enquire now Enquire now Great Rate Home Loan Enquire now Enquire now Ultimate Home Loan Enquire now Enquire now Line of Credit Enquire now Enquire now Ultimate Investment Loan Enquire now Enquire now Great Rate Investment Loan

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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.

~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 90% 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.