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Geelong Bank home loans

Geelong Bank has home loan rates starting from 7.41%.

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Geelong Bank is a customer owned bank. Geelong Bank offers a range of home loans for Australian borrowers. Check out the full table of Geelong Bank products below or read more about the lender.

Compare Geelong Bank home loans for July 2024

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Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Geelong Bank logo
Principal & Interest20% min. depositOwner-occupierOffset account
Geelong Bank logo
Principal & Interest20% min. depositOwner-occupierOffset account
Product NameGeelong Bank Affinity Home Loan Package
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.7.41%
Comp. Rate p.a.7.66%
Minimum Loan Amount$0
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Interest Rate
7.41%
Comparison Rate
7.66%
Fees
Application: $0
Ongoing: $295 p.a.
Monthly Payment
$1,041
Geelong Bank logo
Principal & Interest20% min. depositOwner-occupierOffset account
Geelong Bank logo
Principal & Interest20% min. depositOwner-occupierOffset account
Product NameGeelong Bank Mutual Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.7.49%
Comp. Rate p.a.7.52%
Minimum Loan Amount$0
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Interest Rate
7.49%
Comparison Rate
7.52%
Fees
Application: $300
Ongoing: $0 p.a.
Monthly Payment
$1,049
Geelong Bank logo
Principal & Interest10% min. depositOwner-occupierOffset account
Geelong Bank logo
Principal & Interest10% min. depositOwner-occupierOffset account
Product NameGeelong Bank Affinity Home Loan Package
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.7.51%
Comp. Rate p.a.7.76%
Minimum Loan Amount$0
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Interest Rate
7.51%
Comparison Rate
7.76%
Fees
Application: $0
Ongoing: $295 p.a.
Monthly Payment
$1,051
Geelong Bank logo
Principal & Interest20% min. depositInvestmentOffset account
Geelong Bank logo
Principal & Interest20% min. depositInvestmentOffset account
Product NameGeelong Bank Affinity Home Loan Package
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.7.81%
Comp. Rate p.a.8.05%
Minimum Loan Amount$0
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Interest Rate
7.81%
Comparison Rate
8.05%
Fees
Application: $0
Ongoing: $295 p.a.
Monthly Payment
$1,082
Geelong Bank logo
Interest only20% min. depositOwner-occupierOffset account
Geelong Bank logo
Interest only20% min. depositOwner-occupierOffset account
Product NameGeelong Bank Affinity Home Loan Package
Interest Rate Typevariable rate
Repayment Type Interest Only
Interest Rate p.a.8.01%
Comp. Rate p.a.8.25%
Minimum Loan Amount$0
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Interest Rate
8.01%
Comparison Rate
8.25%
Fees
Application: $0
Ongoing: $295 p.a.
Monthly Payment
$1,103
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Geelong Bank key facts

  • Geelong Bank is a customer owned bank based in Geelong, Victoria.
  • Geelong Bank offers home loan products for owner-occupiers and investors.
  • This lender also offers other financial products such as car and personal loans, insurance and savings accounts.

Geelong Bank home loan features

Here are the key features and details you need to know about Geelong Bank's mortgage products.

FeatureDetails
Minimum depositIt is possible to get a home loan from Geelong Bank with a deposit as low as 5%.
Offset account?You can get an offset account with several Geelong Bank loans.
Repayment optionsSeveral Geelong Bank home loans allow you to make interest-only repayments for a limited period. The lender also offers the standard principal-and-interest repayments on its loans.

How do I apply for a mortgage from Geelong Bank?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with Geelong Bank you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

📄 Proof of income documents. Recent payslips can establish your income.

📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

How to apply for a home loan

More lenders to compare

Check out Finder's main home loans guide if you want to compare more home loans from a range of lenders. Or you could try one of the following lenders:

  • ING. This online bank is part of the global, Dutch financial group of the same name.
  • Commonwealth Bank. The nation's largest bank has a large selection of home loans and a convenient banking app.
  • UBank. This online bank is actually owned by NAB.
  • Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
  • Tiimely Home. This lender's online application tool can process your mortgage application fast. Backed by the Bendigo and Adelaide Bank.
  • Bank of Queensland. Outside of the Big Four this is one of Australia's larger banks. BOQ owns Virgin Money.
  • HSBC. The local Australian banking arm of this international bank offers various home loans.
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Editor

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio

Richard's expertise
Richard has written 529 Finder guides across topics including:
  • Home loans
  • Property
  • Personal finance
  • Money-saving tips
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