8.7/10

Based on 1451 Greater Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

Greater Bank home loans

Greater Bank (previously known as Greater Building Society) is an Australian, customer owned banking organisation that commenced operations in 1945. At present, Greater services more than 25,000 customers, as well as 3,000 ATMs across Australia.

Whether you’re purchasing your first home or adding a new property to your investment portfolio, Greater has a range of fixed, variable and package home loans available to suit whatever your property ambitions.

What home loans do Greater Bank offer?

Rates and fees verified as correct at 21 July 2024. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

There are two fixed rate options from Greater Bank which you can choose from depending on whether you’re an owner occupier or property investor. The fixed rate is available on loans starting from $40,000 and you can borrow up to 95% of your property’s value if you’re an owner occupier or up to 90% if you’re an investor. There are an extensive range of fixed rate terms ranging from a period of 1 year up to 5 years with a choice of principal and interest or interest only payments. While you won’t incur a monthly service fee, you may be charged if you make extra repayments above the required limit during the fixed period.

Home loan repayments calculator

years

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

5.89% p.a.

7.37% p.a.

$0.00

$180

5.79% p.a.

7.27% p.a.

$0.00

$180

5.99% p.a.

7.66% p.a.

$0.00

$180

5.89% p.a.

7.56% p.a.

$0.00

$180

Variable Rate Home Loans

Greater has several variable home loan offerings including a basic, no frills home loan starting from $40,000 and an investor option which has a maximum LVR of 90%. Greater’s variable home loans offer principal and interest or interest only payments and you can choose a repayment frequency to match your pay cycle (i.e. weekly, fortnightly or monthly). If you choose a variable rate loan from Greater you won’t have to pay any monthly service fees and you’ll receive heaps of value from flexible features including an extra repayment facility, free repayment holidays (when you’re ahead of your repayments) and unlimited redraws via online banking.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

6.14% p.a.

6.16% p.a.

$0.00

$180

6.04% p.a.

6.06% p.a.

$0.00

$180

5.99% p.a.

6.00% p.a.

$0.00

$180

7.96% p.a.

7.98% p.a.

$0.00

$180

7.86% p.a.

7.88% p.a.

$0.00

$180

6.39% p.a.

6.41% p.a.

$0.00

$180

6.29% p.a.

6.31% p.a.

$0.00

$180

8.34% p.a.

8.36% p.a.

$0.00

$180

8.24% p.a.

8.26% p.a.

$0.00

$180

Fixed Package Home Loan

Looking for the ultimate package home loan? The Ultimate Home Loan package from Greater is available with its fixed loans starting from $40,000. Greater’s package delivers on all the home loan essentials including an extra repayment facility, although fees apply for this feature on fixed rate loans, and a 100% offset account which can reduce your interest payments over the term of your loan. Plus you’ll be able to enjoy some additional benefits such as a lower home loan interest rate and waived fees on your transaction account and credit card. You may even be eligible for discounts on your insurance (i.e. Building, Contents, Landlords or Motor Vehicle). If you take advantage of these money saving features and benefits, they should offset the package’s annual fee.

Home loan repayments calculator

years

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

5.89% p.a.

7.56% p.a.

$395.00 yearly

$180

5.79% p.a.

7.46% p.a.

$395.00 yearly

$180

5.89% p.a.

7.75% p.a.

$395.00 yearly

$180

5.99% p.a.

7.84% p.a.

$395.00 yearly

$180

Variable Package Home Loan

Like the fixed rate alternative, the variable rate Ultimate Home Loan package from Greater is available from $40,000. You’ll enjoy all the same great home loan features to help you save on your home loan, including a 100% offset account and an extra repayment facility, which is fee free for variable rate loans. Other money-saving offers that come with a Great variable rate home loan package include waived fees on your bank account and credit card, plus discounts on a range of different insurance options - such as contents, landlord and car insurance - for eligible customers. Don’t forget to make use of these features to cancel out the cost of the annual fee.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

6.29% p.a.

6.66% p.a.

$395.00 yearly

$180

6.19% p.a.

6.56% p.a.

$395.00 yearly

$180

7.66% p.a.

8.01% p.a.

$395.00 yearly

$180

7.66% p.a.

8.01% p.a.

$395.00 yearly

$180

6.49% p.a.

6.86% p.a.

$395.00 yearly

$180

6.39% p.a.

6.76% p.a.

$395.00 yearly

$180

8.04% p.a.

8.39% p.a.

$395.00 yearly

$180

8.14% p.a.

8.49% p.a.

$395.00 yearly

$180

Line of Credit

From buying an investment property to renovating your home, a line of credit from Greater allows you to use the equity in your home to fund your goals. Greater’s line of credit loan is available from $40,000 and you can borrow up to 90% of your property’s value. You won’t have to make any set repayments and you’ll only be charged interest on the amount you’ve used of your available credit which is standard for line of credit home loans. Greater also offers plenty of ways to freely access your funds via an online redraw facility as well as mobile and over the phone banking. There is a monthly fee to consider and the maximum loan is 30 years.

Product Rate Comparison Rate Service fee Upfront fee

8.90% p.a.

n/a

$10.00 monthly

$680

Greater Bank home loan features in a glance

Image of coins

No monthly service fee

You'll pay off your loan free of the bite of an ongoing payment fee with a fixed or variable home loan from Greater.

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Package benefits

It’s easy to see why Greater’s package home loan is called ‘Ultimate’. In return for an annual fee, you’ll receive heaps of additional benefits on everything from your transaction account and credit card to your car insurance.  

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Weekly, fortnightly or monthly repayments

Wouldn’t it be nice if you got your pay cheque just in time to meet your loan repayments? Greater’s fixed and variable home loans give you flexibility to choose between monthly, fortnightly and even weekly repayments.  

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Owner occupier and investor loan options

Greater’s fixed, variable and package home loans have options for owner occupiers as well as property investors. If you’re an owner occupier you can borrow up to 95% of your property’s value while investors can only borrow up to 90%.

How are Greater Bank home loans rated?

Mozo users have rated Greater 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
Greater Bank home loans customer reviews
Overall
8.7/10
Price
8.3/10
Features
7.9/10
Customer service
8.8/10
Convenience
8.8/10
Trust
8.7/10
Based on 232 Greater Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent Greater Bank home loan reviews

Greater Bank Great Rate Home Loan
Overall 10/10
User friendly website and application

Cons personalised service

Read full review

Cons personalised service

Price
8/10
Features
8/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Renae, New South Wales, reviewed 6 months ago
Greater Bank Home Loan
Overall 8/10
A Great Bank

Greater Bank consistently offers competitive home loan interest rates and mobile lenders for convenience

Read full review

Greater Bank consistently offers competitive home loan interest rates and mobile lenders for convenience

Price
9/10
Features
8/10
Customer service
8/10
Convenience
8/10
Trust
9/10
Less
Perihan, New South Wales, reviewed 9 months ago
Greater Bank Great Rate Home Loan
Overall 9/10
Great Rates Home Loan

Greater Bank offers competitive home loan rates with great customer service

Read full review

Greater Bank offers competitive home loan rates with great customer service

Price
8/10
Features
7/10
Convenience
8/10
Trust
10/10
Less
Perihan, New South Wales, reviewed 8 months ago
Greater Bank Home Loan
Overall 9/10
Great customer service

Greater bank has my interest in mind. Recently discussed redrawing against my mortgage and they actually suggested I could get a better rate. Have never had a bank do this before.

Read full review

Greater bank has my interest in mind. Recently discussed redrawing against my mortgage and they actually suggested I could get a better rate. Have never had a bank do this before.

Price
9/10
Features
9/10
Customer service
9/10
Convenience
9/10
Trust
9/10
Less
Karan, New South Wales, reviewed about 1 year ago
Greater Bank Home Loan
Overall 10/10
The Greater is the Greatest Bank

The Greater Bank is a customer focus bank with great products and is especially interested in people reducing their debt quickly even if this affects their profit. Service wise second to none. Comparing this bank with the big 4 the Greater wins every time.

Read full review

The Greater Bank is a customer focus bank with great products and is especially interested in people reducing their debt quickly even if this affects their profit. Service wise second to none. Comparing this bank with the big 4 the Greater wins every time.

Price
10/10
Customer service
10/10
Convenience
9/10
Trust
10/10
Less
David, New South Wales, reviewed about 3 years ago

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

If you’re ready to kick off your application for a home loan with Greater Bank, check out this handy checklist to see what documents you may need.

Home loan quick links