Refinancing your home loan
Firstly, thanks for considering us for your Home Loan. Home Loans are at the core of Greater Bank and we like to think we’re the experts.
Refinancing your home loan - Greater Bank
Get in touch with us
Once you decide you’re ready to switch, our friendly staff will organise a time for you to meet with your local expert lender.
For your convenience, if you are unable to attend your local branch, one of our mobile lenders may be able to visit you at your home or place of business.
- Make a home loan enquiry online,
- Call us on 13 13 86, or
- Drop into your nearest branch.
Meet with a lending expert
Before meeting with one of our lenders, one of our friendly staff will confirm the paperwork you will need to bring to this meeting. This way we will have the most up-to-date view of your current loan and finances. This could include things like proof of identity, proof of income, and records of current debts.
Your local lender will then be able to help you to decide which product is best suited to you. At Greater Bank, we want to help our customers to own their home sooner.
Complete your application
After this point, all the hard work is left up to us!
We do all the heavy lifting to finalise your switch.
Your lender will complete all the required paperwork and will inform you when your contract is ready for review and signing.
Sign and switch
Your lender will arrange a time for you to review your new loan contract, after which all you have to do is sign on the dotted line.
And you’re now ready to enjoy a greater way of banking – it’s just that simple. You'll see there's a reason why on average, over 70% of our customers are ahead on their home loan repayments.
Frequently asked questions
Which bank is better for refinancing?
When you're looking to refinance your home loan with another bank, the aim is to get a better deal, either allowing you to pay off your home sooner, or to save you money over the life of the loan.
For this reason, it may be wise to look for a lender who is able to offer you a competitive rate, with the ability to make extra repayments without being penalised.
It's also prudent to check with your current lender and see if you may be up for any costs associated with switching your loan, before you proceed.
Is it better to refinance with a local bank?
While there's no guarantee that just because a bank may be local to you, you'll be able to get a better deal, you may be more comfortable dealing with an institution that is closer to your community.
The decision is yours to make, but dealing with a lender that's local may have its advantages - especially if there is a branch network you can easily access when needed.
Who has the lowest fees for refinancing?
Each individual lender has their own fees and charges that may be associated with refinancing your home loan.
It may be worth your while to do your homework when considering making the switch - both in terms of any fees and charges you may have to pay to your existing lender, as well as any costs associated with bringing your home loan on board with your new 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.
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.
Get in touch
Speak to our contact centre
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.
#Discounted rates available for new home loans $150k+, with LVR of 80% or less.
~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.
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.
FASTRefi® is a registered trademark of First American Title Insurance Company of Australia Pty Limited ABN 64 075 279 908.