Greater Building Society Discount Ultimate Home Loan

Get a discount on your interest rate for the life of your loan with the Discount Ultimate Home Loan from Greater

The Discount Ultimate Home Loan from Greater Building Society offers discounts on your variable home loan interest rate in return for following a number of simple conditions.

If you borrow over and keep your LVR below you’ll receive a discount of 0.20%, meaning you'll receive a rate of , and a comparison rate of .

Things to consider about the Discount Ultimate Home Loan

The Discount Ultimate Home Loan is a package home loan which offers discounts on rates and other products from Greater Building Society in exchange for an annual fee. This loan is a full documentation home loan, meaning if you can’t adequately prove your income - in the case of self-employed borrowers - you might want to consider a low doc home loan.

Features of the Discount Ultimate Home Loan

  • Maximum loan terms. The Discount Ultimate Home Loan comes with a maximum loan term of years, and allows borrowers to borrow up to of the property value. It should be noted that if you borrow a minimum of , you can still borrow up to 95% of your property’s value, but you will not qualify for the higher 0.20% discount. You’ll also need to pay for Lender’s Mortgage Insurance (LMI).
  • 100% offset account. This loan comes with a 100% offset account. This is a linked transaction account which offsets the amount of interest due on your home loan. For example, if you had $30,000 in your offset account on a home loan of , your payable interest would only be for a loan amount of $270,000. This can see you save thousands in interest over the life of your home loan.
  • Repayment options. You can make repayments every week, fortnight or month with this home loan.
  • Free online redraws. You can make additional repayments on this home loan and then use the free online redraw facility to get access to these extra repayments if you need them.
  • Package discounts. In addition to the interest rate discounts as part of this loan, you’ll also receive discounts on other Greater Building Society products. This includes a waived annual fee for the linked Greater Visa Credit Card and a fee free Ultimate Access transaction account. You’ll also receive discounts on the first year of premiums if you take out Building, Contents, Landlords or Motor Vehicle insurance taken out through Greater Building Society.


Fees you can avoid
  • Application fee. . This loan doesn’t charge an application fee.
  • Monthly fees. $0. The Discount Ultimate Home Loan also doesn’t charge any monthly fees.
Fees you can’t avoid
  • Annual fee. . This loan is a package home loan, so it charges an annual fee.
  • Settlement fee. . You’ll have to pay the settlement fee to organise the transfer of funds as part of this loan.
  • Title insurance fee. This fee varies.

Find out what your repayments will be in a few seconds

How to find out more about the Discount Ultimate Home Loan

To find out more about this loan or start the application process, click the ‘Go to Site’ or ‘find out more’ buttons on this page. This will securely take you to Greater Building Society’s website where you can organise an enquiry about this home loan.

You’ll need to supply some basic information to start the process, including your:

  • Name
  • Suburb and street address
  • Phone number
  • Preferred method of contact
  • Loan amount
  • Any other loan details you want to include.

Once your enquiry is made, a mortgage specialist from Greater will contact you to discuss your mortgage options.

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