Check out our range of personal loans and our current interest rates.
Terms, conditions, fees, charges and credit criteria apply.
Greater Bank’s Personal Loan (including New Car Loan) is designed for customers who:
Seek a competitive fixed interest rate, with no cap or penalty on additional repayments to pay off their loan faster
Value the flexibility to access funds online when they need it via redraw
Prefer the certainty of fixed repayments over a term of their choice (ranging from 1 year to 5 years for unsecured loans and up to 7 years for secured loans)
Value the flexibility to choose a repayment frequency (weekly, fortnightly or monthly) that suits them
Can afford the $275 application fee
Seek no ongoing account keeping fees to minimise their costs
Terms, conditions, fees, charges and credit criteria apply.
ᴥTo qualify for the New Car Loan interest rate, the loan must be to purchase a new car, van, utility, 4-wheel drive for personal use. Demonstrator vehicles with less than 5,000 kms on the odometer will be categorised as New for this purpose. Vehicles purchased second hand, refinanced, boats, motor cycles, caravans and trailers will not qualify for the New Car Loan interest rate.
A comparison rate combines the:
The comparison rate can help you estimate the total cost of a loan over a year.
An initial notification from the bank of how much they could lend you, subject to certain criteria, such as the value of the car you’re looking to buy.
Terms, conditions, fees, charges and credit criteria apply.
The date your loan starts (is drawn down).
This is also the date your repayments and interest are calculated from.
You might also hear it referred to as ‘settlement’ or ‘funding’.
A fixed interest rate is a set interest rate which does not change for the period of your loan.
All Greater Bank Personal Loans feature a fixed interest rate for the life of the loan.
This type of loan may be suitable if you want certainty that your repayments will stay the same throughout the life of the loan which can help to make budgeting easier.
Plus, there are no penalties if you’d like to make extra or early repayments or if you fully repay your loan early.
Terms, conditions, fees, charges and credit criteria apply.
You can pay for something specific by borrowing the money through a personal loan.
A personal loan will be for a set amount which you will need to repay over an agreed period of time.
You will also need to pay the interest accrued on the amount owed.
Check out range of personal loans. You can apply online and be approved in as little as 2 business days.◊
Terms, conditions, fees, charges and credit criteria apply.
◊Once all relevant documents have been provided.
A secured loan means you nominate an acceptable asset of yours (something valuable you already own or are purchasing) as security against the money you’ve borrowed.
It means if you’re unable to repay the loan, we may be able to sell the asset to pay towards your loan.
Acceptable assets can include a new or used car (up to 8 years old), a new or used motorcycle (must be under 7 years old by the end of the loan), a term deposit, or a new boat or caravan. Visit or call your nearest branch to chat with one of our local lenders to explore the options that work best for you.
An unsecured loan is a loan without an asset as security for the debt.
The interest rate for an unsecured loan is usually higher than a secured personal loan since this is a higher risk scenario for the bank.
Greater Bank offers both secured and unsecured personal loans to suit your needs.
Terms, conditions, fees, charges and credit criteria apply.
For a Secured Personal Loan and New Car Loan, you can apply for a loan between $5,000 to $100,000.
For an Unsecured Personal Loan, you can apply for a loan between $5,000 to $50,000.
Terms, conditions, fees, charges and credit criteria apply.
ᴥTo qualify for the New Car Loan interest rate, the loan must be to purchase a new car, van, utility, 4-wheel drive for personal use. Demonstrator vehicles with less than 5,000 kms on the odometer will be categorised as New for this purpose. Vehicles purchased second hand, refinanced, boats, motor cycles, caravans and trailers will not qualify for the New Car Loan interest rate.
While our Personal Loans are designed to help you get what you want sooner, it’s important to get the right loan for your needs.
Terms, conditions, fees, charges and credit criteria apply.
ᴥTo qualify for the New Car Loan interest rate, the loan must be to purchase a new car, van, utility, 4-wheel drive for personal use. Demonstrator vehicles with less than 5,000 kms on the odometer will be categorised as New for this purpose. Vehicles purchased second hand, refinanced, boats, motor cycles, caravans and trailers will not qualify for the New Car Loan interest rate.
Your credit score, which is sometimes called your credit rating, is based on the personal and financial information on your credit report.
Under the Comprehensive Credit Reporting system, Greater Bank shares information with credit reporting bodies about the lending products you have with Greater Bank, including personal loans, credit cards, home loans and overdrafts.
Your credit report shows details of your repayment history (including when you make repayments on time and when you miss any repayments).
It also shows your loan and credit accounts, as well as details on every application for credit (and the amount) you’ve made.
Too many applications can have a negative impact on your report.
Making your personal loan repayments on time will demonstrate good credit-based behaviour and this will be reflected on your credit report and credit score.
Yes, you can apply but your application for a Greater Bank Personal Loan will be subject to Greater Bank’s credit assessment criteria.
Save time and apply for a Personal Loan using your online banking details. Not registered? Phone 13 13 86.
Already a customer banking online with us?
Save time and apply for a joint Personal Loan using your online banking details. Not registered? Phone 13 13 86.
Already customers banking online with us?
Your liabilities and other financial commitments, such as an existing personal loan with another lender, will be taken into account when we assess your application for a Personal Loan with Greater Bank.
Terms, conditions, fees, charges and credit criteria apply.
Our Secured Personal Loan is great for those big purchases where you’re able to offer security against the loan. Great for used cars, motorbikes, home renos - even boats and caravans.
Anyone can apply for a personal loan with Greater Bank, providing that you:
Terms, conditions, fees, charges and credit criteria apply.
This service is not available for Personal Loans, however, you can apply online at any time or visit one of our branches for assistance. To apply online, simply head to our Personal Loans page and apply as either a single or joint applicant.
Terms, conditions, fees, charges and credit criteria apply.
At Greater Bank, we don’t think you should have to wait to get what you want.
That’s why we will assess your Personal Loan application within 2 business days.◊
◊Once all relevant documents have been provided. Terms, conditions, fees, charges and credit criteria apply.
For some products and services, we’ll need to verify your identity.
In some cases, we may ask you to provide us with certified copies of your identification. If so, the following requirements must be met:
Proper certification must appear on EACH PAGE to be certified and should show
NOTE: a certified copy is not a photocopy of a previously certified document. The original document must be sighted and certified as a true copy of the original.
We will need to take a copy of your ID as part of your application.
You can provide:
We will need copies of:
Personal tax returns and, where relevant, business tax returns as well as financial statements, Australian Tax Office (ATO) Notice of Assessments for the last two consecutive years.
A letter from Centrelink, issued within the last two (2) months showing:
We also need to see:
A Letter of Assessment form from the Child Support Agency within the last two (2) months, or:
We’ll need documents confirming that any loans you currently have are up to date.
For example, a recent statement showing your name, account number, monthly repayments, credits, debits and loan balance.
Your most recent statement showing at least 2 months of transactions.
If you’re a home renter, we need copies of:
a rental ledger issued by a Real Estate Agent, or
two (2) most recent months payments shown in a Greater Bank transaction account.
If you’re applying for a Greater Bank Unsecured Personal Loan and your application is approved, you won’t need to provide any security as this is an unsecured loan.
But if you apply for a Greater Bank Secured Personal Loan or New Car Loan and your application is approved, we’ll use the car you have purchased, or other collateral you’re able to provide as security.
As a result, we may be able to offer you a lower interest rate than an unsecured loan.
Terms, conditions, fees, charges and credit criteria apply.
ᴥTo qualify for the New Car Loan interest rate, the loan must be to purchase a new car, van, utility, 4-wheel drive for personal use. Demonstrator vehicles with less than 5,000 kms on the odometer will be categorised as New for this purpose. Vehicles purchased second hand, refinanced, boats, motor cycles, caravans and trailers will not qualify for the New Car Loan interest rate.
If you’re applying for a loan and want to know what your repayments will be, use our repayments calculator and find out.
Once your loan is approved, your repayments will be detailed in your loan contract.
If you’re registered for Online Banking, you’ll be able to see your repayments and where your account details are.
You sure can.
All of our Personal Loans offer you the option to make extra repayments and pay out your loan early without being penalised.
Terms, conditions, fees, charges and credit criteria apply.
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.
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 want to set up a recurring payment, select ‘Recurring’
Then select the frequency – Weekly, Fortnightly, Monthly
Select a start date by tapping 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.
The interest charged depends on a variety of factors, such as the number of days in that month, the applicable annual interest rate and the unpaid balance of your loan.
Interest is calculated on the unpaid daily balance of your loan and is charged to the loan on a monthly basis (depending on which product you have).
The interest rate applied each day is equal to your annual interest rate, divided by 365.
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 call back today.
Call us Monday to Friday 8:00am – 6:00pm and Saturdays 8:00am – 1:00pm AEST
