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Investment Home Loans

Invest in property

Interest rate 6.24 %# p.a.
Comparison rate 6.25 %^ p.a.
~Discount variable rate, principal and interest

Compare Greater Bank’s Investment Home Loans

Find the interest rates and support you need to purchase your next investment property.

Property investment offers

Ready to look for a loan? Our investment home loans are flexible and come with a variety of features, that are useful whether you're a seasoned investor or new to the game.

 

Investment home loan rates

All Home Loans have a base rate. The applicable base rate will depend on whether you select a standard or discounted home 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.

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

Great Rate Investment discount variable

Great Rate Investment Home Loan - Discount variable rate Interest Rate Comparison Rate
Variable 6.24% p.a. 6.25% p.a.
Rates are effective as at 9am Thursday 30/05/2024

Great Rate Investment Home Loan

Great Rate Investment Home Loan - Variable rate Interest Rate Comparison Rate
Variable 8.24% p.a. 8.25% p.a.
Rates are effective as at 9am Thursday 30/05/2024

Great Rate Investment Home Loan

Great Rate Investment Home Loan - Fixed rates Interest Rate Comparison Rate
1 Year Fixed 6.39% p.a. 8.05% p.a.
2 Years Fixed 5.99% p.a. 7.78% p.a.
3 Years Fixed 5.89% p.a. 7.55% p.a.
4 Years Fixed 5.94% p.a. 7.39% p.a.
5 Years Fixed 5.94% p.a. 7.22% p.a.

All Home Loans have a base rate. The applicable base rate will depend on whether you select a standard or discounted home 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.

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

Ultimate Investment discount variable

Ultimate Investment Home Loan - Discount variable rate Interest Rate Comparison Rate
Variable 6.24% p.a. 6.61% p.a.
Rates are effective as at 9am Thursday 30/05/2024

Ultimate Investment Home Loan

Ultimate Investment Home Loan - Variable rate Interest Rate Comparison Rate
Variable 8.04% p.a. 8.38% p.a.
Rates are effective as at 9am Thursday 30/05/2024

Ultimate Investment Home Loan

Ultimate Investment Home Loan - Fixed rates Interest Rate Comparison Rate
1 Year Fixed 6.39% p.a. 8.20% p.a.
2 Years Fixed 5.99% p.a. 7.95% p.a.
3 Years Fixed 5.89% p.a. 7.74% p.a.
4 Years Fixed 5.94% p.a. 7.59% p.a.
5 Years Fixed 5.94% p.a. 7.44% p.a.

 

Compare 2 products
Great Rate Investment Home Loan
With low-interest rates and no monthly or annual fees, we've made investing simple.
Ultimate Investment Home Loan
Combining great value with a range of features designed to make investing easier.
Interest rate 6.24 %# p.a.
Comparison rate 6.25 %^ p.a.
~Discount variable rate, principal and interest
Interest rate 6.24 %# p.a.
Comparison rate 6.61 %^ p.a.
~Discount variable rate, principal and interest
Key Features
Great if you want a simple, no-nonsense investment loan with competitive rates.
Key Features
Great if you want a great value packaged loan to invest in property.
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
FASTRefi®
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
FASTRefi®
Available if self employed
Repayment holiday
Ongoing fee
$395 p.a. Package fee
Enquire now Enquire now Enquire now Enquire now

What could your repayments be?

 

Investing in property - getting started

If you are considering purchasing an investment property, keep in mind that there are a few eligibility requirements or other criteria to keep in mind.

Meeting your commitments

The first thing to think about is whether you are able to pay off both your current home loan and your investment property.

Market conditions

Make sure you take into account vacancy rates and your current rental market when considering an investment property.

Other considerations

Some other things to keep in mind are that we can generally lend up to an LVR of 80% (loan to value ratio), and you may be able to claim some tax benefits on your investment property.

Learn more

Investing in property - what you should consider

There's lots to think about before you invest in a property, but we're here to help. Here are a few points to get you started:

 

Tools and support

Yes, you can use the available equity you've built in your own home and put it towards purchasing an investment property. This is a popular way of purchasing an investment property which will result in your having to repay two loans.

If you have any questions about this process, you can chat to one of our helpful lending experts at a branch, or one of our mobile lenders

Yes, you can. If you are not occupying your home anymore and you intend to lease it out to tenants, let us know so that we can work together and change your loan to one that suits your needs.  

To qualify for our Great Rate Investment home loan, you only need to deposit 5% of the property's value with P&I repayments. However, if you want to avoid paying Lender's Mortgage Insurance (LMI) you would need a deposit of at least 20% of the property's value.

If you're wondering if you can afford an investment property, here are a couple of things that you can start thinking about:

  • Firstly, you will need a deposit of at least 5% of the property's value with P&I repayments, and if you want to avoid Lender's Mortgage Insurance (LMI) you will need a deposit of at least 20%.

  • Another thing to remember is that you might not always have a tenant in your investment property, so you may want to have enough saved up to cover your repayments when you don't have a tenant.
  • Don't forget to budget in any renovations, stamp duty, and other fees and costs when calculating whether you can afford a property. 

Why choose Greater Bank for your investment property loans

We know that investing can be a risky decision, and you'll want to maximise your opportunities to ensure you get a return. Here at Greater Bank, our home loan experts are dedicated to helping you get your investment up and running with that greater experience that sets us apart:

Greater advantages for you

Here at Greater Bank we believe in supporting you, so our loans are packed with features to help you succeed. With competitive rates, flexible repayment options, and free online redraws, our loans set us apart from the big banks, and help you get ahead on your investment. 

Learn more

Industry knowledge

Having a lender familiar with investment properties can make a big difference. Our lending experts are highly knowledgeable and able to support you every step of the way on your investment journey. We're  committed to keep supporting our customers and helping them reach their goals.

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.

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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.

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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.

FASTRefi® is a registered trademark of First American Title Insurance Company of Australia Pty Limited ABN 64 075 279 908.

Rate City Gold Award 2024, see http://ratecity.com.au/home-loans/awards for more information