Rates and fees verified as correct at 30 June 2022. Other information correct at the time of writing. Advertiser disclosure.
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.
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
5.39% p.a. |
4.80% p.a. |
$0.00 |
$835 |
||
|
5.29% p.a. |
4.77% p.a. |
$0.00 |
$835 |
||
|
5.44% p.a. |
5.13% p.a. |
$0.00 |
$835 |
||
|
5.39% p.a. |
5.11% p.a. |
$0.00 |
$835 |
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.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
3.79% p.a. |
3.54% p.a. |
|
$835 |
||
|
3.54% p.a. |
2.92% p.a. |
|
$835 |
||
|
3.64% p.a. |
3.21% p.a. |
|
$835 |
||
|
3.39% p.a. |
3.44% p.a. |
|
$835 |
||
|
2.64% p.a. |
2.69% p.a. |
|
$835 |
||
|
2.99% p.a. |
3.04% p.a. |
|
$835 |
||
|
3.74% p.a. |
3.79% p.a. |
|
$835 |
||
|
3.99% p.a. |
3.75% p.a. |
|
$835 |
||
|
3.74% p.a. |
3.08% p.a. |
|
$835 |
||
|
3.84% p.a. |
3.42% p.a. |
|
$835 |
||
|
3.59% p.a. |
3.64% p.a. |
|
$835 |
||
|
2.79% p.a. |
2.84% p.a. |
|
$835 |
||
|
3.20% p.a. |
3.25% p.a. |
|
$835 |
||
|
3.84% p.a. |
3.89% p.a. |
|
$835 |
||
|
3.94% p.a. |
3.84% p.a. |
|
$835 |
||
|
3.34% p.a. |
3.24% p.a. |
|
$835 |
||
|
3.44% p.a. |
3.37% p.a. |
|
$835 |
||
|
3.69% p.a. |
3.74% p.a. |
|
$835 |
||
|
3.09% p.a. |
3.14% p.a. |
|
$835 |
||
|
3.24% p.a. |
3.29% p.a. |
|
$835 |
||
|
4.14% p.a. |
4.05% p.a. |
|
$835 |
||
|
3.89% p.a. |
3.70% p.a. |
|
$835 |
||
|
3.99% p.a. |
3.86% p.a. |
|
$835 |
||
|
3.89% p.a. |
3.94% p.a. |
|
$835 |
||
|
3.49% p.a. |
3.49% p.a. |
|
$835 |
||
|
3.69% p.a. |
3.74% p.a. |
|
$835 |
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.
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.
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.
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.
384 Reviews
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 reviewGreat 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.
I’ve been with GSB for a long time and have never had any issues. There’s no hidden fees. The home loan process was a breeze and I had no issues at all. I like how they’re not a pushy bank and customer service is always personable and available.
Read full reviewI’ve been with GSB for a long time and have never had any issues. There’s no hidden fees. The home loan process was a breeze and I had no issues at all. I like how they’re not a pushy bank and customer service is always personable and available.
Applied for an add on loan, a very simple request and one that should take no time at all. After 8 weeks no decision made despite numerous calls and complaints It appears the branch manager at Castle Hill failed to submit my documents. My personal information is somewhere but no one knows where. I have been told it has escalated to management and still nothing. No one gets back to you when promised. A lot of arse covering from management and meanwhile we need funds for urgent repairs. I have been with CUA for 8 years and this is the worst I’ve seen with any bank. Time to introduce the media to their unethical management of personal and private information.
Read full reviewApplied for an add on loan, a very simple request and one that should take no time at all. After 8 weeks no decision made despite numerous calls and complaints It appears the branch manager at Castle Hill failed to submit my documents. My personal information is somewhere but no one knows where. I have been told it has escalated to management and still nothing. No one gets back to you when promised. A lot of arse covering from management and meanwhile we need funds for urgent repairs. I have been with CUA for 8 years and this is the worst I’ve seen with any bank. Time to introduce the media to their unethical management of personal and private information.
First time customer with CUA with whom I successfully negotiated a new home loan. CUA was recommended to me by friend paralegal as one of the few banks she never had any issues with when it came to settlement and they did not disappoint. From start to finish CUA made the whole process as stress free as possible, my loans officer kept me updated and was always easy to contact, all phone conversations were with real people who were all friendly and helpful. Even with one contract termination and unreasonably short settlement date for eventual purchase CUA met all deadlines in ridiculously short time frame. Do not have one single negative comment to make.
Read full reviewFirst time customer with CUA with whom I successfully negotiated a new home loan. CUA was recommended to me by friend paralegal as one of the few banks she never had any issues with when it came to settlement and they did not disappoint. From start to finish CUA made the whole process as stress free as possible, my loans officer kept me updated and was always easy to contact, all phone conversations were with real people who were all friendly and helpful. Even with one contract termination and unreasonably short settlement date for eventual purchase CUA met all deadlines in ridiculously short time frame. Do not have one single negative comment to make.
CUA gives you a dedicated broker to manage your mortgage and accounts, which is a great and efficient service. They do however seem to be somewhat reluctant to pass on the latest rate cuts to their customers. It is great that they offer limited fees, but they need to be more competitive with interest rates.
Read full reviewCUA gives you a dedicated broker to manage your mortgage and accounts, which is a great and efficient service. They do however seem to be somewhat reluctant to pass on the latest rate cuts to their customers. It is great that they offer limited fees, but they need to be more competitive with interest rates.
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: