|Advertised rate||Comparison rate*||Monthly repayment||Rate Type||Offset||Redraw||Ongoing Fee||Upfront Fees||LVR||Lump Sum Repayment||Additional Repayments||Pre-approval|
Great Rate Fixed Investment Loan (Interest Only) (NSW, ACT & QLD only) 2 Years
Great Rate Fixed Home Loan (Interest Only) 3 Years
Great Rate Variable Investment Loan (New Customers) (Principal and Interest)
Great Rate Fixed Investment Loan (Principal and Interest) 3 Years (NSW, ACT & QLD only)
Great Rate Variable Investment Loan (Interest Only) (New Customers)
Great Rate Fixed Investment Loan (Interest Only) (NSW, ACT & QLD only) 3 Years
- Fast turnaround times, can meet 30-day settlement
- For purchase and refinance, min 20% deposit
- No ongoing or monthly fees, add offset for 0.10%
Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *Comparison rate is based on a loan of $150,000 over a term of 25 years. Please note the comparison rate only applies to the examples given Rates correct as of January 23, 2022.
Since 1945, Greater Bank has been in the business of helping Australians build better financial futures. In 2016, from being The Greater Building Society, it changed its name to Greater Bank to reflect better the products and services it provides. As a member-owned and run mutual bank, all its profits are reinvested into the business meaning its customers get better value products and services.
With more than 250,000 customers and over 700 staff, Greater Bank makes customer support a priority. The bank has won numerous awards including Money Magazine’s 2018 Home Lender of the Year award. The bank's roots are firmly planted in community with a certain percentage of profits put towards supporting the branches’ local communities. It can allocate a certain percentage of its annual profits towards supporting causes and organisations that improve life outcomes in the communities it calls home.
Greater Bank has its head office in Hamilton and has a network of branches across NSW and QLD. Aside from visiting these branches, you can contact the bank through its customer service centre (Monday to Saturday), loan centre (Monday to Friday) or by emailing the fraud prevention department at any time. The bank’s customers have access to over 3,000 ATMs nationwide and can use Westpac, St George, Bank of Melbourne and Bank of SA ATMs without additional charges.
Greater Bank offers a range of products including personal and home loans, savings and everyday bank accounts, term deposits, credit cards, and insurance. The bank believes every Australian deserves to own a home, so it designed a range of award-winning home loans with competitive rates and low fees. It has ultimate, great rate, investment ultimate, investment great rate, line of credit, construction and reverse mortgages.
If you want to apply for a home loan with Greater Bank, check out this handy checklist to see what documents you may need:
- Valid ID – such as a driver’s licence, passport or photo card
- Proof of income – including latest payslips (can’t be more than four weeks old), personal and business tax returns (if self-employed) and a letter from the managing real estate agent if you are currently receiving rental income
- Evidence of any existing loans and a copy of a rental statement issued by a real estate agent if you are currently renting
The bank offers a number of ways for loan applications, which includes making a home loan enquiry online, dropping into your nearest branch, or calling its loan hotline.