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Great Southern Bank Fixed Rate Loan

Advertiser disclosure
The details shown below are for an owner occupier taking out a principal & interest loan between $10,000 and $5,000,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a interest only loan between $10,000 and $5,000,000 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan between $10,000 and $5,000,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan between $10,000 and $5,000,000 with an LVR below 90%

Choose the version of this loan that suits you best

Availability Loan type LVR Min loan amount Max loan amount
Owner Occupier Principal & Interest < 95% $10,000 $5,000,000
Owner Occupier Interest Only < 90% $10,000 $5,000,000
Investor Principal & Interest < 90% $10,000 $5,000,000
Investor Interest Only < 90% $10,000 $5,000,000
  • Owner Occupier (Principal & Interest)
    LVR < 95%
    Loan: $10,000 $5,000,000
  • Owner Occupier (Interest Only)
    LVR < 90%
    Loan: $10,000 $5,000,000
  • Investor (Principal & Interest)
    LVR < 90%
    Loan: $10,000 $5,000,000
  • Investor (Interest Only)
    LVR < 90%
    Loan: $10,000 $5,000,000
Fixed 3 year rate
6.24% p.a.
Comparison Rate
7.54% p.a.
Service fee
$0.00
Upfront fee
$835
Fixed 3 year rate
6.54% p.a.
Comparison Rate
7.63% p.a.
Service fee
$0.00
Upfront fee
$835
Fixed 3 year rate
6.34% p.a.
Comparison Rate
7.86% p.a.
Service fee
$0.00
Upfront fee
$835
Fixed 3 year rate
6.64% p.a.
Comparison Rate
7.95% p.a.
Service fee
$0.00
Upfront fee
$835

Mozo editorial review Great Southern Bank Fixed Rate Loan - last updated: 31 January 2024

binocular icon
What's hot
  • 3-year fixed rates from 6.24% p.a. (7.54% p.a. comparison rate*)
  • Extra repayments up to $30,000 during fixed rate term
What's not
  • No offset account
Mozo snapshot

With Great Southern Bank's Fixed Rate Home Loan you can lock-in an interest rate as low as 6.24% p.a. (7.54% p.a. comparison rate*) on 3-year terms for a one-off fee of $600. Loans are available from as little as $10,000 to as much as $5 million. You can make up to $30,000 worth of extra repayments during the fixed rate term of your loan and if you need to redraw some of those extra repayments, there’s even a free redraw facility. 

key icon
Key features

Looking for a fixed, low rate for your home loan? Why not check out this owner-occupier, principal and interest loan from Great Southern Bank. The loan offers fixed rates as low as 6.24% p.a. (7.54% p.a. comparison rate*) for a 3-year term.

If you have the means to make extra repayments, then you’ll be happy to hear that you can do just that. Great Southern Bank's Fixed Rate Home Loan allows you to make up to $30,000 worth of extra repayments during the fixed rate term of your loan. There’s even a free redraw facility with no minimum redraw amount available, should you find that you’ve made too many extra repayments.

You can take out this loan with as little as a 5% deposit - keeping in mind that with any deposit less than 20% you will have to pay lenders mortgage insurance. Plus, if you want to take advantage of a fixed and variable rate in the future, there’s also the option to split your repayments into multiple accounts. That way you can benefit from the security that comes with a fixed rate, while at the same time enjoying a lower variable rate. 

To activate their rate lock feature, you'll need to pay a one-off $600 application fee when you lodge your application. This locked-in rate will then be valid for the next 90 days, and all you'll need to do is settle your home loan within that time period. Just bear in mind that there is also a $235 settlement fee and a $500 discharge fee. 

There is also a current offer where you could pay $0 establishment fee when you apply online to buy an existing property or to refinance between 31/8/2023 and 29/2/2024 and settle before 31 May 2024 (minimum loan amount of $100,000).

snapshot
Who is it good for

Great Southern Bank's Fixed Rate Home Loan would be suited to anyone who is looking to lock in a low interest rate for a few years and also make use of a few extra features. 

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Any catches

Just remember that the loan comes with fairly hefty upfront fees. Repayments can also only be made monthly and there is no offset account available.

Details

Rates and fees information correct as at 15 April 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

6.44% (7.89%*)

6.29% (7.71%*)

6.24% (7.54%*)

n/a

6.44% (7.36%*)

n/a

n/a

8.00% p.a.

Fees

$600.00

n/a

$0.00

$235.00

n/a

$0.00

$500.00

Other financial bits

$10,000

$5,000,000

none

95.00%

Features

Monthly

yes - up to $30,000 during fixed rate term

no

yes - free

$0.00

yes

no

Legal fees charged at cost.

$0 Establishment fee when you apply online to buy an existing property or to refinance between 31st August 2023 and 29/2/2024 and settle before 31 May 2024, minimum loan amount of $100,000.

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 15 April 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

6.74% (7.93%*)

6.59% (7.77%*)

6.54% (7.63%*)

n/a

n/a

n/a

n/a

8.00% p.a.

Fees

$600.00

n/a

$0.00

$235.00

n/a

$0.00

$500.00

Other financial bits

$10,000

$5,000,000

none

90.00%

Features

Monthly

yes - up to $30,000 during fixed rate term

no

yes - free

$0.00

yes

no

Legal fees charged at cost.

$0 Establishment fee when you apply online to buy an existing property or to refinance between 31st August 2023 and 29/2/2024 and settle before 31 May 2024, minimum loan amount of $100,000.

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 15 April 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

6.54% (8.28%*)

6.39% (8.06%*)

6.34% (7.86%*)

n/a

6.54% (7.63%*)

n/a

n/a

8.43% p.a.

Fees

$600.00

n/a

$0.00

$235.00

n/a

$0.00

$500.00

Other financial bits

$10,000

$5,000,000

none

90.00%

Features

Monthly

yes - up to $30,000 during fixed rate term

no

yes - free

$0.00

yes

no

Legal fees charged at cost.

$0 Establishment fee when you apply online to buy an existing property or to refinance between 31st August 2023 and 29/2/2024 and settle before 31 May 2024, minimum loan amount of $100,000.

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 15 April 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

6.84% (8.32%*)

6.59% (8.10%*)

6.64% (7.95%*)

n/a

6.84% (7.77%*)

n/a

n/a

8.43% p.a.

Fees

$600.00

n/a

$0.00

$235.00

n/a

$0.00

$500.00

Other financial bits

$10,000

$5,000,000

none

90.00%

Features

Monthly

yes - up to $30,000 during fixed rate term

no

yes - free

$0.00

yes

no

Legal fees charged at cost.

$0 Establishment fee when you apply online to buy an existing property or to refinance between 31st August 2023 and 29/2/2024 and settle before 31 May 2024, minimum loan amount of $100,000.

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Customer Reviews

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Overall
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Latest reviews of Great Southern Bank Fixed Rate Loan Home Loan

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