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Ultimate Home Loan - Greater Bank

Ultimate Home Loan

Interest rate 2.75 %# p.a.
Comparison rate 3.18 %^ p.a.
~Discount variable rate, owner occupied, principal and interest

Our ultimate in loans. We've packaged competitive fixed and variable interest rates with great value products and services to help every homeowner.

Why choose our Ultimate Home Loan?

Linked 100% Ultimate Offset account on variable loans
Free redraw available around the clock via online banking.
Discounted interest rates for new loans borrowing more than $150,000 with an LVR 90% or below. (Line of Credit facilities excluded).
Option to link an annual fee-free Visa Credit Card .
Our Family Pledge option allows you to borrow up to 110% of the value of your property by applying with a guarantor.
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.
Access to your money 24/7 via online banking and our mobile app.
No conversion fees when switching between variable and fixed options.
Mozo Expert's Choice 2022 Home Lender of the Year - Greater Bank
We've been named Mozo Expert's Choice 2022 Home Lender of the Year.

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Rates are effective as at 9am Thursday 19/05/2022

Ultimate Home Loan - Discount variable rates

Ultimate Home Loan Interest Rate# Comparison Rate^
Variable 2.75% p.a. 3.18% p.a.
Rates are effective as at 9am Thursday 19/05/2022

Ultimate Home Loan - Variable rate

Ultimate Home Loan Interest rate Comparison rate^
Variable 3.71% p.a. 4.12% p.a.
Rates are effective as at 9am Thursday 19/05/2022

Ultimate Home Loan - Fixed rates

Ultimate Home Loan Interest rate~ Comparison rate^
1 Year Fixed 3.09% p.a. 4.06% p.a.
2 Years Fixed 4.09% p.a. 4.19% p.a.
3 Years Fixed 4.29% p.a. 4.27% p.a.
4 Years Fixed 4.89% p.a. 4.52% p.a.
5 Years Fixed 4.99% p.a. 4.65% p.a.
Rates are effective as at 9am Thursday 19/05/2022

Ultimate Home Loan - Fixed discounted revert rates

Ultimate Home Loan Interest Rate~# Comparison Rate^
1 Year Fixed 3.09% p.a. 3.21% p.a.
2 Years Fixed 4.09% p.a. 3.42% p.a.
3 Years Fixed 4.29% p.a. 3.57% p.a.
4 Years Fixed 4.89% p.a. 3.89% p.a.
5 Years Fixed 4.99% p.a. 4.09% p.a.

Fees and charges

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.

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Current Product Schedule - Lending Products 185kB

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Current Home Loan Terms and Conditions 513kB

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Current Home, Personal and Business Loan Fees and Charges 294kB

Who can apply for an Ultimate Home Loan?

Anyone can apply for an Ultimate Home Loan, provided that you are:

  • Are an individual living in Australia
  • Are aged 18 years or older
  • Are an Australian citizen or a permanent resident of Australia
  • Are looking to purchase an eligible property in NSW, QLD or the ACT

Choose the right home loan with our handy calculators

Borrowing Power Calculator

Repayments Calculator

Home Loan Comparison Calculator

Stamp Duty Calculator

Home Loan Key Fact Sheet

Got a question about our Ultimate Home Loan?

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?

  • Make a Loan Enquiry online now
  • Call 13 13 86 to speak with a friendly member of staff
  • Visit your nearest branch to speak with your local Lending Manager

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

More FAQs
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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 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.