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Investment Home Loan Interest Rates

Greater Bank’s Investment Housing Loans are designed to help you achieve the financial dream of growing your property portfolio. We offer great value, our loans are easy to use, and we’re confident we’ve got the right loan to suit your investment needs.

Check out Greater Bank's range of Investment Home Loan Interest Rates and see how we measure up.

Rates are featured for our Ultimate Investment Home Loan and Great Rate Investment Home Loan.

 

All Housing Loans have a base rate. The applicable base rate will depend on whether you select a standard or discounted housing loan and also the repayment type you select – Principal and Interest (P&I) or Interest Only (IO).

For P&I loans, margins may apply to the applicable base rates. For new IO loans, currently a 0.10% p.a. margin above the applicable base rates will apply. The base rates are set out below and the all up interest rate which includes any margins, will be set out in your credit contract.

Ultimate Investment Loan

Rates are effective as at 9am Tuesday 28/06/2022

Ultimate Investment Home Loan - Discount variable rates

Ultimate Investment Home Loan Interest Rate# Comparison Rate
Variable 3.09% p.a. 3.52% p.a.
Rates are effective as at 9am Tuesday 28/06/2022

Ultimate Investment Home Loan - Variable rate

Ultimate Investment Home Loan Interest rate Comparison rate^
Variable 4.59% p.a. 4.98% p.a.
Rates are effective as at 9am Tuesday 28/06/2022

Ultimate Investment Home Loan - Fixed rates

Ultimate Investment Home Loan Interest rate~ Comparison rate^
1 Year Fixed 4.79% p.a. 5.00% p.a.
2 Years Fixed 5.29% p.a. 5.11% p.a.
3 Years Fixed 5.59% p.a. 5.25% p.a.
4 Years Fixed 5.89% p.a. 5.44% p.a.
5 Years Fixed 5.99% p.a. 5.58% p.a.

All Housing Loans have a base rate. The applicable base rate will depend on whether you select a standard or discounted housing loan and also the repayment type you select – Principal and Interest (P&I) or Interest Only (IO).

For P&I loans, margins may apply to the applicable base rates. For new IO loans, currently a 0.10% p.a. margin above the applicable base rates will apply. The base rates are set out below and the all up interest rate which includes any margins, will be set out in your credit contract.

Great Rate Investment Loan

Rates are effective as at 9am Tuesday 28/06/2022

Great Rate Investment Home Loan - Discount variable rates

Great Rate Investment Home Loan Interest Rate# Comparison Rate^
Variable 2.89% p.a. 2.90% p.a.
Rates are effective as at 9am Tuesday 28/06/2022

Great Rate Investment Home Loan - Variable rate

Great Rate Investment Home Loan Interest rate Comparison rate^
Variable 4.79% p.a. 4.80% p.a.
Rates are effective as at 9am Tuesday 28/06/2022

Great Rate Investment Home Loan - Fixed rates

Great Rate Investment Home Loan Interest rate~ Comparison rate^
1 Year Fixed 4.79% p.a. 4.80% p.a.
2 Years Fixed 5.29% p.a. 4.90% p.a.
3 Years Fixed 5.59% p.a. 5.02% p.a.
4 Years Fixed 5.89% p.a. 5.19% p.a.
5 Years Fixed 5.99% p.a. 5.31% p.a.

Find out more about our Investment Home Loans

Your questions answered

This will depend on a number of factors, but generally speaking, an investment loan is no harder to secure than an owner-occupied home loan. 

Your lender will take into account things like:

  • The value of the property you're looking to purchase;
  • The deposit amount you have available;
  • Your overall financial situation, including your current debt to income ratio.

For more on securing an investment loan, check out our recent blog.

This may vary from lender to lender, but typically a deposit amount of 20% of the purchase price of your property is required to secure an investment loan without having to pay Lenders Mortgage Insurance (LMI).

At Greater Bank, both our Ultimate Investment Home Loan and our Great Rate investment Home Loan require a 20% deposit to avoid LMI.

A fixed investment loan is a home loan which is approved so a borrower can complete an investment property purchase, opting for a fixed interest rate for an agreed initial term of their loan.

For example, you may want to fix your investment home loan interest rate for the first 5 years of your loan. This is usually done so that borrowers can take advantage of periods where fixed interest rates are cheaper than variable rates, or so that the borrower has confidence in the stability of their repayment amount for the length of the fixed period.

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*Fees, charges, terms and conditions apply to all loans. Please read our Terms and Conditions for more information. Comparison Rate Schedules are available from your local branch.

~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 a $150,000 loan 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 loan amounts might result in a different Comparison Rate.

~Additional criteria may apply for new investment loans. All new investor Interest Only housing loans, attract a 0.10% p.a. margin above the applicable investor Principal and Interest base rates. All new investor Line of Credit housing loans, attract a 0.10% p.a. margin above the applicable investor Line of Credit base rates. The all up interest rate which includes any margins, will be set out in your credit contract.

# 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.