Eye-catching fixed and variable interest rates, packaged with products and services to help every home-owner.
Option to link an annual fee-free Visa Credit Card .
Ability to make additional repayments and pay off your loan sooner+.
No establishment fee – no nasty upfront surprises.
Can be used for land purchases and for new home construction (variable rates only).
Flexible loan terms up to 30 years in length^.
Flexible repayment options, including the ability to split your loan between fixed and variable rate.
| Ultimate Home Loan | Interest Rate# | Comparison Rate^ |
|---|---|---|
| Variable | 5.74% p.a. | 6.11% p.a. |
| Ultimate Home Loan | Interest rate | Comparison rate^ |
|---|---|---|
| Variable | 7.16% p.a. | 7.51% p.a. |
| Ultimate Home Loan | Interest rate~ | Comparison rate^ |
|---|---|---|
| 1 Year Fixed | 5.49% p.a. | 7.33% p.a. |
| 2 Years Fixed | 4.99% p.a. | 7.08% p.a. |
| 3 Years Fixed | 4.99% p.a. | 6.89% p.a. |
| 4 Years Fixed | 5.39% p.a. | 6.86% p.a. |
| 5 Years Fixed | 5.39% p.a. | 6.74% p.a. |
| Establishment fee | $0 |
| Annual fee | $395.00 |
| 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 an Ultimate Home Loan, provided that you are:
A packaged variable rate loan gives you access to a 100% Offset facility.
You also have the option of combining your home loan with other products like an everyday bank account or credit card, for example.
Packaging them together with your loan means paying one loan package fee instead of paying separate fees for each product.
You may also get a discounted home loan rate as well.
Talk to your lender about the pros and cons of choosing a package loan.
No one loan is perfect for everyone.
At Greater Bank, we understand that every one of our valued customers have different needs and are at different stages in their lives.
The right loan for you depends on these needs.
A variable rate loan means that the interest rate on the loan may go up and down over the loan period. This allows you to make additional or early repayments to take advantage of interest rate fluctuations.
A fixed rate loan means that the interest on the loan remains constant over a fixed period, so your repayments will stay the same. You will be able to budget for your repayments and are protected from rises in interest rates.
Still have questions? Contact a friendly Greater Bank staff member on 13 13 86 or visit your nearest branch.
Use one of our lending calculators to find out:
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
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
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.
