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Personal Loan Interest Rates

Greater Bank’s Personal Loans are designed to help you get what you want sooner. We offer great value, our loans are easy to use, and we’re confident we’ve got the right Personal Loan to suit your needs.

Check out Greater Bank's range of Personal Loan Interest Rates and see how we measure up.

Rates are featured for our New Car Loan, Secured Personal Loan and Unsecured Personal Loan.


Rates are effective as at 9am Thursday 22/02/2024
New Car Loan - terms up to: Interest rateˇ Comparison rate^
7 Years Fixed 5.99% p.a. 6.37% p.a.
Rates are effective as at 9am Thursday 22/02/2024
Secured Personal Loan - terms up to: Interest rate Comparison rate^
7 Years Fixed 6.78% p.a. 7.17% p.a.
Rates are effective as at 9am Thursday 22/02/2024
Unsecured Personal Loan - terms up to: Interest rate Comparison rate^
5 Years Fixed 8.99% p.a. 9.38% p.a.

Your Personal Loan questions answered

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 get approval in as little as 24 hours!

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.


Greater Bank will require some personal information before being able to process your Loan Application.

Proof of identity (ID)

We will need to take a copy of your ID as part of your application. You can provide:

  •  Driver Licence, or;
  • Passport/International Travel Document, or;
  • Photo Card (includes photo and signature).
Proof of income

We will need to take copies of:

  • your two most recent consecutive payslips (no more than four [4] weeks old), or;
  • a current signed letter from your employer on their letterhead, stating your gross annual income, role, or; position, length of employment and employment status.

We also need to see:

  • wage deposits into a transaction account over three (3) months.
If you're self-employed 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.
If you're eligible for a Family Tax Benefit

A letter from Centrelink, issued within the last six (6) months showing:

  • the type of benefit received.
  • the information used by Centrelink to calculate the payment.

We also need to see:

  • a transaction account statement showing your two (2) most recent payments.
If you receive child support

A Letter of Assessment form from the Child Support Agency within the last six (6) months, plus;

  • account statements showing three (3) months of payments.
If you receive rental income
  • A current letter or statement from the Managing Real Estate Agent, or;
  • Transaction account statements showing the three (3) most recent months of rental credits.
Status of other current (non-Greater Bank) loans

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.

For a home loan:

  •  six (6) months of consecutive statements.

For a personal Loan

  • three (3) months of consecutive statements.

For credit/store cards and interest-free loans:

  • your most recent statement.
Details of rent you pay

If you’re a home renter, we need copies of:

  • rent receipts or a rental statement issued by a Real Estate Agent, or;
  • three (3) most recent months payments shown in a Greater Bank transaction account.
Details about the new boat, caravan or motorcycle, or new or used car

Private purchase (car only):

  • current registration papers.

If your loan is for more than $60,000.00 you may need a vehicle inspection certificate.

Dealer purchases:

  • Dealer's invoice.

If you've already purchased the asset and are refinancing:

  • current registration papers.
  • comprehensive insurance policy.

Anyone can apply for a Personal Loan with Greater Bank, providing that you:

  • are 18 years or older,
  • have a satisfactory credit history, and;
  • are an Australian permanent resident.
Secured Personal Loans

A secured loan means you nominate an acceptable asset of yours (something valuable you already own) 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.

Unsecured Personal Loans

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.


Find out more about our Personal Loans

New Car Loan

Interest Rate 5.99 % p.a.
Comparison rate 6.37 %^ p.a.
Secured - Fixed rates for 1-7 years
Don’t wait to get behind the wheel – our fixed rate new car loan offers great value rates, low fees and can be approved in as little as 24 hours*.

Secured Personal Loan

Interest rate 6.78 % p.a.
Comparison rate 7.17 %^ p.a.
Secured - Fixed rates for 1-7 years
Our fixed rate personal loans let you stay in control with fixed repayments for the life of the loan. Great for purchasing used cars, renovating, or buying that new caravan or boat for a holiday.

Can't quite find what you're after?

Got a question?

Maybe you’re not alone. Our FAQs answer some of the more common banking questions we get asked.

Frequently asked questions

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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Get in touch

Call us Monday to Friday 8:00am – 6:00pm and Saturdays 8:00am – 1:00pm AEST.

13 13 86

Comparison Rate Schedules are available at your local branch.

*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 

A caravan, boat or motorbike offered as security must be brand new and purchased from an authorised dealer and a used car up to 7 years old can be offered as security. ^ Personal Loan comparison rates are based on $30,000.00 for a term of five (5) 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. Rates are subject to change without notice. Conditions apply. Please read our Terms and Conditions for more information.

ˇTo qualify for 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 5000 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 Secured Car Loan rate. All existing Personal Loan fees, conditions and processes apply