Great Southern Bank logo

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 80%

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

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $10,000 $5,000,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    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
1.97% p.a.
Comparison Rate
3.86% p.a.
Service fee
$0.00
Upfront fee
$835
Go to site
Fixed 3 year rate
p.a.
Comparison Rate
n/a
Service fee
$0.00
Upfront fee
$835
Fixed 3 year rate
2.35% p.a.
Comparison Rate
4.35% p.a.
Service fee
$0.00
Upfront fee
$835
Fixed 3 year rate
2.45% p.a.
Comparison Rate
4.38% p.a.
Service fee
$0.00
Upfront fee
$835

Mozo editorial review Great Southern Bank Fixed Rate Loan - last updated: 13 August 2021

4.5 / 5
binocular icon
What's hot
  • 2-year fixed rates from 1.89% p.a. (4.04% p.a. comparison rate*)
  • Extra repayments up to $5,000 during fixed rate term
  • $3,000 cashback for refinancers (conditions apply)
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 1.89% p.a. (4.04% p.a. comparison rate*) on 2-year terms. Loans are available from as little as $10,000 to as much as $5 million. You can make up to $5,000 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. Plus, there's $3,000 cashback up for grabs for refinancers - as long as you meet the borrowing conditions. 

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 1.89% p.a. (4.04% p.a. comparison rate*) for a 2-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 $5,000 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.

Refinancing? You may be pleased to hear that if you are looking to refinance a minimum of $250,000 from another lender and you have a LVR of 80% or below, you could be eligible to receive a tidy $3,000 cashback. You'll need to apply by 31 October, 2021 and have your loan settled by 31 January, 2022 though. 

While there are plenty of perks, just bear in mind that there are $835 worth of upfront fees to consider as well as a $500 discharge fee. However, if you're taking out a new loan as a refinancer, Great Southern bank will actually waive the usual $600 establishment fee (same conditions as cashback offer above apply). 

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. Plus, refinancers may be able to take advantage of the $3,000 cashback offer. 

question icon
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.

Picture of Tom Watson
Tom Watson
Finance journalist

Tom Watson is a financial journalist at Mozo and co-host of the Finance Burrito podcast, specialising in fintech, property and business banking. Whether it’s reporting on banking trends or uncovering the latest product innovations, Tom’s mission is to keep our readers up to date with breaking Australian financial news. His work is often sourced in the media and across social media channels. Tom has a degree in Journalism from the University of Technology, Sydney. He is also ASIC RG146 (Tier 2) certified for general advice.

Details

Rates and fees information correct as at 24 September 2021. 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

2.19% (4.28%*)

1.89% (4.04%*)

1.97% (3.86%*)

n/a

2.59% (3.75%*)

n/a

n/a

4.44% 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 $5,000 during fixed rate term

no

yes - free

$0.00

yes

no

Legal fees charged at cost.

none

Receive $3,000 cashback and have the establishment fee waived when you refinance with Great Southern Bank before 31 October 2021 and settle the loan before 31 January 2022, min lending of $250,000 and maximum 80% LVR.

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 24 September 2021. 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

2.79% (4.35%*)

2.79% (4.21%*)

n/a

n/a

n/a

n/a

n/a

4.44% 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

80.00%

Features

Monthly

yes - up to $5,000 during fixed rate term

no

yes - free

$0.00

yes

no

Legal fees charged at cost.

none

Receive $3,000 cashback and have the establishment fee waived when you refinance with Great Southern Bank before 31 October 2021 and settle the loan before 31 January 2022, min lending of $250,000 and maximum 80% LVR.

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 24 September 2021. 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

2.69% (4.83%*)

2.19% (4.54%*)

2.35% (4.35%*)

n/a

2.99% (4.24%*)

n/a

n/a

4.99% 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 $5,000 during fixed rate term

no

yes - free

$0.00

yes

no

Legal fees charged at cost.

none

Receive $3,000 cashback and have the establishment fee waived when you refinance with Great Southern Bank before 31 October 2021 and settle the loan before 31 January 2022, min lending of $250,000 and maximum 80% LVR.

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 24 September 2021. 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

2.79% (4.84%*)

2.29% (4.56%*)

2.45% (4.38%*)

n/a

3.09% (4.28%*)

n/a

n/a

4.99% 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 $5,000 during fixed rate term

no

yes - free

$0.00

yes

no

Legal fees charged at cost.

none

Receive $3,000 cashback and have the establishment fee waived when you refinance with Great Southern Bank before 31 October 2021 and settle the loan before 31 January 2022, min lending of $250,000 and maximum 80% LVR.

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

How are Great Southern Bank home loans rated by the Mozo community?

Overall
Price
Features
Customer service
Convenience
Trust

Latest reviews of Great Southern Bank Fixed Rate Loan Home Loan

About Great Southern Bank

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.