based on 2240 Great Southern Bank product reviews as rated by Mozo community

Great Southern Bank home loans

Since 1946, Great Southern Bank (formerly CUA) has been striving to offer Aussies a fair deal on their finances. Today, it offers financial and insurance products to over 500,000 Australians. Check out its great value home loan offers below.

What home loans do Great Southern Bank offer?

Rates and fees verified as correct at 22 February 2024. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

Great Southern Bank's fixed rate home loans are available to owner occupiers and investors with an LVR up to 95% for amounts between $10,000 and $5,000,000. These fixed rate loans provide you with the flexibility to make fee-free additional repayments (up to $30,000 during the fixed rate term) and access a free redraw facility. But remember, there are application and settlement fees to consider when going with a fixed rate home loan from Great Southern Bank.

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

6.54% p.a.

7.63% p.a.

$0.00

$835

6.24% p.a.

7.54% p.a.

$0.00

$835

6.64% p.a.

7.95% p.a.

$0.00

$835

6.34% p.a.

7.86% p.a.

$0.00

$835

Variable Rate Home Loans

When you choose one of the variable rate home loan offers from Great Southern Bank, you’ll pay both a settlement and application fee, but in return, you’ll get a host of flexible features to help you save on your home loan, like unlimited free extra repayments, the ability to redraw funds and the use of an offset account (100% offset with the Accelerate Variable, partial offset with the Achieve Variable). You’ll also get the flexibility to choose between a principal and interest or an interest only loan, as well as pick between a weekly, fortnightly or monthly repayment schedule to suit your budget. 

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

7.44% p.a.

6.83% p.a.

$835

6.79% p.a.

6.39% p.a.

$835

7.14% p.a.

6.67% p.a.

$835

6.49% p.a.

6.55% p.a.

$835

6.14% p.a.

6.20% p.a.

$835

6.19% p.a.

6.25% p.a.

$835

6.94% p.a.

7.00% p.a.

$835

7.49% p.a.

6.95% p.a.

$835

7.24% p.a.

6.55% p.a.

$835

7.54% p.a.

6.86% p.a.

$835

6.64% p.a.

6.70% p.a.

$835

6.19% p.a.

6.25% p.a.

$835

6.24% p.a.

6.30% p.a.

$835

7.04% p.a.

7.10% p.a.

$835

7.04% p.a.

6.88% p.a.

$835

6.54% p.a.

6.49% p.a.

$835

6.64% p.a.

6.56% p.a.

$835

6.64% p.a.

6.70% p.a.

$835

6.34% p.a.

6.40% p.a.

$835

6.39% p.a.

6.45% p.a.

$835

7.14% p.a.

6.98% p.a.

$835

6.64% p.a.

6.54% p.a.

$835

6.74% p.a.

6.63% p.a.

$835

6.74% p.a.

6.80% p.a.

$835

6.35% p.a.

6.41% p.a.

$835

6.44% p.a.

6.50% p.a.

$835

Great Southern Bank home loan features in a glance

Free icon

No ongoing fees

You’ll pay no ongoing fees on a Great Southern Bank home loan. On the other hand, there are one-off settlement and application fees to budget for on each mortgage option.

Repayment Icon

Additional repayments

No matter which Great Southern Bank home loan you opt for, you’ll have the ability to make extra repayments in order to pay off your mortgage faster and save on interest. Just remember that while additional payments on variable rate loans are unlimited, a $30,000 cap applies to the fixed rate options.

Schedule icon

Flexible repayment schedule

To make budgeting a little easier, opt for a Great Southern Bank variable rate home loan which allows you to choose between weekly, fortnightly or monthly repayments. 

How are Great Southern Bank home loans rated?

Mozo users have rated Great Southern Bank home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
Great Southern Bank home loans
Overall
Price
Features
Customer service
Convenience
Trust

388 Reviews

Recent Great Southern Bank home loan reviews

Great Southern Bank Offset Variable
Overall 9/10
Pat

Easy to deal with customer service wise.

Read full review

Easy to deal with customer service wise.

Price
9/10
Features
10/10
Customer service
9/10
Convenience
10/10
Trust
10/10
Less
Patrick, New South Wales, reviewed 4 months ago
Great Southern Bank Home Loan
Overall 10/10
Competitive rates & personalised service!

Great Southern Bank's competitive rates, personalised service, and commitment to their customers, makes them the perfect trusted partner in homeownership!

Read full review

Great Southern Bank's competitive rates, personalised service, and commitment to their customers, makes them the perfect trusted partner in homeownership!

Price
7/10
Features
9/10
Customer service
10/10
Convenience
7/10
Trust
7/10
Less
Amorette, Victoria, reviewed 8 months ago
Great Southern Bank Home Loan
Overall 10/10
Great Bank, super friendly and a great help

I switch my bank to GSB about a year and half ago after being with Commbank for like 12 years. I didn't receive any benefits from my partnership with commbank and i am in way better position now that i have switch. the few times i have contact GSB, they have been really helpful and super quick. I am even thinking about saying with them when my home loan becomes unlocked and moving all my banking across to them.

Read full review

I switch my bank to GSB about a year and half ago after being with Commbank for like 12 years. I didn't receive any benefits from my partnership with commbank and i am in way better position now that i have switch. the few times i have contact GSB, they have been really helpful and super quick. I am even thinking about saying with them when my home loan becomes unlocked and moving all my banking across to them.

Price
10/10
Features
8/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Stephen, Queensland, reviewed 10 months ago
Great Southern Bank Home Loan
Overall 9/10
NOT a bank kowtowing to shareholders

Great Southern Bank is a credit union - they don't pander to shareholders. Easy online interface and you can offset your interest on other accounts to your mortgage. Easy withdrawal function on your mortgage.

Read full review

Great Southern Bank is a credit union - they don't pander to shareholders. Easy online interface and you can offset your interest on other accounts to your mortgage. Easy withdrawal function on your mortgage.

Price
9/10
Features
9/10
Convenience
9/10
Trust
9/10
Less
Nikki, Queensland, reviewed over 1 year ago
Great Southern Bank Home Loan
Overall 1/10
Great Southern Bank is the worst Australian bank

Great Southern Bank is the worst Australian bank ever and they should be closed down by ASIC. They will take your money and rip you off at every possible opportunity. They have absolutely no morality or common decency. Never ever bank with these people unless you want to be bitterly disappointed and upset.

Read full review

Great Southern Bank is the worst Australian bank ever and they should be closed down by ASIC. They will take your money and rip you off at every possible opportunity. They have absolutely no morality or common decency. Never ever bank with these people unless you want to be bitterly disappointed and upset.

Price
1/10
Features
3/10
Customer service
1/10
Convenience
2/10
Trust
1/10
Less
Shaun, Victoria, reviewed about 2 years ago

What do you need to apply for a Great Southern Bank home loan?

Ready to snag a Great Southern Bank home loan and make that cute little suburban cottage or sprawling waterside mansion yours? To apply, you’ll need to be over 18 years of age and a permanent resident of Australia. You’ll also need to supply information including:

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