Greater Bank Home Loans

Rates and Fees verified correct on December 5th, 2016

Compare loans from Greater Bank who have the largest branch network in the country.

Greater Bank has branches across NSW, ACT and south-east Queensland, making it one of the largest Australian building societies by branch network size. Opening its doors in 1945, Greater Bank has grown to be a top 500 Australian Private Company with over $5 billion in assets.

Today they offer competitive home loans to NSW and QLD residents, as well as a range of other financial products.

Greater Bank has an independent customer satisfaction rate of 95% and provides much more than just home loans to its customers. Other services include savings and investment accounts, financial planning, insurance, loans and business banking.

Greater Bank Ultimate Home Loan - Discounted 1 Year Fixed ($150K+ Owner Occupier)

Greater Bank Ultimate Home Loan - Discounted 1 Year Fixed ($150K+ Owner Occupier)

3 .59 % p.a.

1 year fixed rate

4 .42 % p.a.

comparison rate

Greater Bank Home Loan

The Ultimate 1 Year Fixed Discounted Rate Home Loan offers a low interest rate, the ability to make extra payments, and a redraw facility. Borrow up to 85% p.a. of your home loan value.

  • Interest Rate of 3.59% p.a.
  • Comparison Rate of 4.42% p.a.
  • Application Fee of $0
  • Maximum LVR: 85%
  • Minimum Borrowing: $150,000

Compare Greater Bank Home Loans

Rates last updated December 5th, 2016
$
Loan purpose
Offset account
Loan type
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Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
Greater Bank Ultimate Home Loan - Discounted 1 Year Fixed ($150K+ Owner Occupier)
Discount off an already competitive interest rate for loans over $150k. NSW, QLD and ACT residents only.
3.59% 4.42% $0 $375 p.a. 85% Go to site More info
Greater Bank Great Rate Discount Variable with Family Pledge Home Loan - Up to 110% LVR
Discounted rate available with family pledge loans. Family pledge loans require no LMI and no deposit. NSW, Qld and ACT only.
3.89% 3.89% $0 $0 p.a. 110% Go to site More info
Greater Bank Ultimate Home Loan - Discounted Variable ($150K+ Owner Occupier)
A discounted rate with 100% offset account. NSW, QLD and ACT residents only.
3.89% 4.27% $0 $375 p.a. 85% Go to site More info
Greater Bank Ultimate Home Loan - Discounted 2 Year Fixed ($150K+ Owner Occupier)
Discount off an already competitive 2 year fixed rate for loans over $150k. NSW,QLD and ACT residents only.
3.74% 4.40% $0 $375 p.a. 85% Go to site More info
Greater Bank Ultimate Home Loan - Discounted 3 Year Fixed ($150K+ Owner Occupier)
Enjoy discounts on insurance products and other accounts with Greater with this package loan. NSW, QLD and ACT residents only.
3.79% 4.38% $0 $375 p.a. 85% Go to site More info
Greater Bank Great Rate Home Loan - Discounted 3 Year Fixed ($150K+ Owner Occupier)
Discounted 3 years fixed rate with no ongoing fees and a redraw facility. NSW, QLD and ACT residents only.
3.99% 4.21% $0 $0 p.a. 85% Go to site More info
Greater Bank Great Rate Home Loan - Discounted Variable ($150K+ Owner Occupier)
A competitive rate with redraw facility. NSW, QLD and ACT residents only.
3.89% 3.89% $0 $0 p.a. 85% Go to site More info
Greater Bank Great Rate Home Loan - Discounted 4 Year Fixed ($150K+ Owner Occupier)
Lock in your rate for 4 years at a discount if your loan is below 80% LVR and above $150,000. NSW, ACT and QLD residents only.
4.19% 4.26% $0 $0 p.a. 85% Go to site More info
Greater Bank Great Rate Home Loan - Discounted 5 Year Fixed ($150K+ Owner Occupier)
A low fee fixed rate home loan with a redraw facility. NSW, QLD and ACT residents only.
4.19% 4.25% $0 $0 p.a. 85% Go to site More info
3.99% 4.43% $0 $375 p.a. 85% Go to site More info
Greater Bank Great Rate Home Loan - Discounted 2 Year Fixed ($150K+ Owner Occupier)
A discounted 2 years fixed rate for loans above $150,000. NSW, QLD and ACT residents only.
3.94% 4.23% $0 $0 p.a. 85% Go to site More info
Greater Bank Ultimate Home Loan - Discounted 5 Year Fixed ($150K+ Owner Occupier)
Keep your loan below 80% LVR with a loan amount above $150k and this discounted 5 year fixed rate. NSW, QLD and ACT residents only.
3.99% 4.42% $0 $375 p.a. 85% Go to site More info
Greater Bank Great Rate Home Loan - Variable (Owner Occupier)
A variable interest rate with flexible repayment options and free online redraw facilities. NSW, QLD and ACT residents only.
4.29% 4.29% $0 $0 p.a. 95% More info
Greater Bank Ultimate Home Loan - 2 Year Fixed (Owner Occupier)
Lock in a rate for two years and enjoy a range of package loan discounts. NSW, QLD ACT residents only.
3.94% 4.43% $0 $375 p.a. 95% More info
Greater Bank Ultimate Home Loan - 1 Year Fixed (Owner Occupier)
Get a number of discounts on fees and rates with this package loan fixed for one year. NSW, QLD ACT residents only.
3.79% 4.43% $0 $375 p.a. 95% More info
Greater Bank Great Rate Home Loan - 1 Year Fixed (Owner Occupier)
A competitive one year fixed rate with low fees. NSW, QLD and ACT residents only.
3.99% 4.26% $0 $0 p.a. 95% More info
Greater Bank Ultimate Home Loan - 3 Year Fixed (Owner Occupier)
Fix a discounted rate for three years with this loan. NSW, QLD and ACT residents only.
3.99% 4.44% $0 $375 p.a. 95% More info
Greater Bank Great Rate Home Loan - 5 Year Fixed (Owner Occupier)
Low fees and a competitive 5 years fixed rate. NSW, QLD and ACT residents only.
4.39% 4.33% $0 $0 p.a. 95% More info
4.09% 4.46% $0 $375 p.a. 95% More info
Greater Bank Great Rate Home Loan - 4 Year Fixed (Owner Occupier)
4 years fixed rate loan with the option to choose interest only repayments for up to 5 years. NSW, QLD and ACT residents only.
4.39% 4.32% $0 $0 p.a. 95% More info
Greater Bank Great Rate Home Loan - 3 Year Fixed (Owner Occupier)
Lock in your rate for 3 years and pay no ongoing fees. NSW, QLD and ACT residents only.
4.19% 4.26% $0 $0 p.a. 95% More info
Greater Bank Great Rate Home Loan - 2 Year Fixed (Owner Occupier)
A competitive fixed rate for 2 years with free extra repayments of up to 5% of the loan. NSW, ACT and QLD residents only.
4.14% 4.26% $0 $0 p.a. 95% More info
Greater Bank Line of Credit Home Loan
Get approved for a set limit of funds and have continuous access to these whilst also paying down the debt for NSW and QLD residents only.
5.00% $500 $5 monthly ($60 p.a.) 95% More info
Rates last updated December 5th, 2016
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
Greater Bank Great Rate Home Loan - Discounted 1 Year Fixed ($150K+ Investor)
Lock in your interest rate for 1 year and pay no application or ongoing fees.
3.79% 4.38% $0 $0 p.a. 85% Go to site More info
Greater Bank Ultimate Home Loan - Discounted 1 Year Fixed ($150K+ Investor)
Lock in your interest rate for 1 year when you borrow over $150000 for your investment property.
3.59% 4.55% $0 $375 p.a. 85% Go to site More info
Greater Bank Ultimate Home Loan - Discounted 5 Year Fixed ($150K+ Investor)
A discounted 5 years fixed rate with a redraw facility and no application fee.
4.09% 4.55% $0 $375 p.a. 85% Go to site More info
Greater Bank Great Rate Home Loan - Discounted Variable ($150K+ Investor)
A discounted variable rate with a redraw facility and no application fee and no ongoing fee.
4.24% 4.24% $0 $0 p.a. 85% More info
Greater Bank Ultimate Home Loan - Discounted 2 Year Fixed ($150K+ Investor)
A competitive 2 year fixed rate for NSW, QLD and ACT residents.
3.74% 4.52% $0 $375 p.a. 85% More info
3.94% 4.35% $0 $0 p.a. 85% More info
4.29% 4.40% $0 $0 p.a. 95% More info
4.09% 4.35% $0 $0 p.a. 85% More info
3.89% 4.52% $0 $375 p.a. 85% More info
4.04% 4.41% $0 $375 p.a. 85% More info
4.29% 4.39% $0 $0 p.a. 85% More info
4.29% 4.38% $0 $0 p.a. 85% More info
4.14% 4.39% $0 $0 p.a. 95% More info
3.99% 4.40% $0 $0 p.a. 95% More info
4.49% 4.46% $0 $0 p.a. 95% More info
4.49% 4.46% $0 $0 p.a. 95% More info
4.09% 4.56% $0 $375 p.a. 85% More info
4.29% 4.63% $0 $375 p.a. 95% More info
4.29% 4.63% $0 $375 p.a. 95% More info
4.09% 4.57% $0 $375 p.a. 95% More info
4.44% 4.44% $0 $0 p.a. 95% More info
3.94% 4.55% $0 $375 p.a. 95% More info
3.79% 4.57% $0 $375 p.a. 95% More info
4.24% 4.61% $0 $375 p.a. 95% More info

What does Greater Bank do?

Greater Bank is a customer-owned bank that offers home loans at competitive interest rates. Loans from Greater are structured to appeal to different types of borrowers and offer different features. Four of their loan products come with fee-free transaction accounts, and customers can pick loans with variable or fixed interest rates.

Extra repayments and redraw facilities are available, and Greater Bank also provides useful online calculators and the ability for customers to generate home loan key facts sheets on any of the loans offered. There are also free mobile and online banking tools available for any customer who takes out a loan.

Greater Bank is a member of the Customer Owned Banking Association and complies with the Mutual Banking Code of Practice when dispensing any form of loan to a customer.

Greater Bank Home Loans

Great Rate Home Loan

The Great Rate Home Loan is very useful for first-time buyers. Interest rates can be split between variable and fixed rates, which is good for customers as the option allows you to get the best rates when you need to. This type of loan has no application, monthly or annual fees. You can choose between two repayment types: principal and interest (P+I) or interest-only. This loan also has a redraw facility, portability, extra repayments and partial loan offset availability.

More About Great Rate Home Loan

Ultimate Package

This loan is a bundle of features from Greater Bank’s other loans rolled into one package. Both variable and fixed rates are available. The Ultimate Package has no application fee, but charges an annual fee. It comes with the added bonus of a fee-free transaction account, a waived annual credit card fee, both P+I and interest-only repayment options, redraw facility, extra repayments, portability, as well as a discount on the first year premium on an insurance policy taken out with Greater Bank.

More About Ultimate Variable Rate Home Loan

Line of Credit

The Line of Credit loan allows you to get the equity in your home or residential property to work for you. Funds are easily available and this loan is useful for investment opportunities and renovations. You don’t need to make repayments on this loan until you have reached your credit limit. There is a monthly fee, a variable interest rate which can be split, an all-in-one redraw facility and loan offset. Loans are portable and you have access to a fee-free transaction account with this loan. Repayments are for interest-only on this type of loan and extra repayments are allowed.

Construction and Land Loans

Greater Bank also offers loans for borrowers to utilise when building a home or investment property. These loans come with no application fees, free redraw facilities, flexible repayment options and an offset account.

About how to compare home loans

Pros and cons of Greater Bank home loans

Pros

  • Large selection of loans. Greater Bank offers loans to suit a wide array of financial situations. You can choose fixed or variable interest, plus a repayment structure and fee structure that suits you.
  • Free internet redraw facilities. All loans provided by Greater Bank have redraw facilities you can access from your mobile device or computer. If you find yourself in need of funds down the line, you can redraw excess payments on any of the five loans offered.
  • Fee-free transaction accounts and loan offset accounts available. All of the loans offered by Greater Bank have clauses that permit at least a partial loan offset. If you take advantage of a loan offset account, you can lower your interest payments. Also, all of the loans except the Great Rate Home Loan come with a fee-free savings and transaction account.
  • Line of credit available. The Line of Credit loan is great for investments or renovations on properties you own. Continue to make payments and you will be able to redraw funds up to your credit limit. You do not need to make repayments on the loan until you have reached your credit limit. Regular payments increase the amount available to redraw.

Cons

  • No low doc loan options Greater Bank doesn't offer any loan options for those who can't provide the full range of documentation necessary, such as the self-employed.

How to apply for a Greater Bank home loan

Once you’ve decided on a home loan that suits your needs, you will need to begin the application process. Greater Bank makes this process quite convenient.

  • Make an online loan enquiry. Here you will be asked to fill out a quick online form. You will need to provide some details about your request, such as your personal contact information, address, loan amount, any account numbers you may have with Greater Bank, and a few sentences of detail about your enquiry. This should not take more than a few minutes.
  • A Greater Bank mortgage expert will contact you. This should take around one business day, but can sometimes take a few days longer, depending on how busy they are. They will get in touch with you based on your preferred method of contact: phone, email, or even a home visit.
  • Make sure that you purchase building insurance. Like many other lenders, Greater Bank will insist that you have building insurance before offering you a home loan. Before the loan is approved, building insurance must be in place.

Information needed to apply for a Greater Bank home loan

When applying for a home loan with Greater Bank you'll need to provide personal, financial and property information. This includes:

  • Personal information. You'll be required to give contact details and identification.
  • Property information. Greater Bank will want to know about the property you're buying, the amount you're buying it for, as well as certificates or title and certificates of land.
  • Financial information. As is normally the case with home loan applications, Greater Bank will want to know about your income, assets and debts.

Greater Bank is a versatile home loan provider offering many loan options. Before applying for any loan, do your research, compare products and get expert advice to ensure you find the best loan for your needs.


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This page was last modified on 1 September 2016 at 14:23.

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2 Responses to Greater Bank Home Loans

  1. Default Gravatar
    trevor | May 28, 2015

    Hi, my wife on a disability pension, I am on cares pension daughter on a single mothers pension have a guarantor and 20 thousand in the bank. Is there any way to borrow 200000 for a home loan kind?
    regards Trevor

    • Staff
      Belinda | June 1, 2015

      Hi Trevor,

      Thanks for your enquiry.

      finder.com.au is an online comparison service, we are not an issuing provider.

      However, you can find out more about how to apply for a home loan while on pension benefits on this page.

      Thanks,
      Belinda

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