Greater Bank was a big winner in the 2026 Finder Awards.
Full list of 2026 home loans winners
Here are the key features and details you need to know about Greater Bank's mortgage products.
| Feature | Details |
|---|---|
| Minimum deposit | Some Greater Bank loans have 80% maximum LVRs, meaning you need a 20% deposit. But Greater Bank has some loans that let borrowers use a parental guarantor to borrow above 100%. Other Greater Bank home loans are available with 10% deposits. |
| Offset account | Some Greater Bank home loans come with offset accounts. |
| Fees | Most Greater Bank loans have minimal fees, though you may have to pay an annual fee if the loan has an offset account. |
| Repayment options | Both Greater Bank's fixed and variable rate 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. |
| Split rate | Most Greater Bank mortgages allow you to split your loan into fixed and variable portions. |
📄 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).
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I am looking for refinancing my properties (that are currently with another financier) as the Greater Bank seems to offer lower interest rates than the current financier. My wife and I are currently working full time (200k Gross income per annum). We possess 3 investment properties (A$1.85M worth) and one owner occupied home (A$0.55M worth) in NSW. The current loan amount about A$1.4M. Currently the properties are with fixed rate of interest expiring in next three months to one year. We have no other debts. Can we get the refinance facility from Greater Bank? We will talk about more when you say yes. Thank you.
Hi Venkat,
Finder is a comparison site. If you contact Greater Bank directly on 13 13 86 you should be able to get some more information about your eligibility for a home loan. Based on the information you’ve provided, your loan to value ratio is $1.4m debt versus $1.85m value, which is 78%. This is less than 80%, which is the threshold at which gaining loan approval can be harder.
Note that if you refinance all of your loans together, they will be cross-collateralised, which has some risks – you can learn more here: https://www.finder.com.au/buy-a-house/equity-to-buy-a-second-home
There are also tax implications related to your investment properties, so it’s a good idea to get tax advice to make sure you’ve structured your finance as cleanly as possible to maximise your tax deductions.
I hope this helps!
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
Hi Trevor,
Thanks for your enquiry.
You may be eligible to apply for a home loan while on Centrelink benefits. I also recommend getting in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that’s more inclined to review your application.
Thanks,
Belinda