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Who is a personal loan right for?

Who is a personal loan right for?

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 (from 1 to 7 years)

  • 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.


To 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.



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