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.
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
6.04% p.a. |
7.41% p.a. |
$0.00 |
$180 |
||
|
5.94% p.a. |
7.31% p.a. |
$0.00 |
$180 |
||
|
6.14% p.a. |
7.70% p.a. |
$0.00 |
$180 |
||
|
6.04% p.a. |
7.60% p.a. |
$0.00 |
$180 |
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.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
6.04% p.a. |
6.06% p.a. |
$0.00 |
$180 |
||
|
5.94% p.a. |
5.96% 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 |
||
|
6.19% p.a. |
6.21% p.a. |
$0.00 |
$180 |
||
|
6.09% p.a. |
6.11% 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 |
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.
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
6.04% p.a. |
7.60% p.a. |
$395.00 yearly |
$180 |
||
|
5.94% p.a. |
7.50% p.a. |
$395.00 yearly |
$180 |
||
|
6.04% p.a. |
7.79% p.a. |
$395.00 yearly |
$180 |
||
|
6.14% p.a. |
7.89% p.a. |
$395.00 yearly |
$180 |
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.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
6.23% p.a. |
6.60% p.a. |
$395.00 yearly |
$180 |
||
|
6.13% p.a. |
6.50% 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 |
||
|
6.43% p.a. |
6.80% p.a. |
$395.00 yearly |
$180 |
||
|
6.19% p.a. |
6.56% p.a. |
$395.00 yearly |
$180 |
||
|
8.04% p.a. |
8.39% p.a. |
$395.00 yearly |
$180 |
||
|
8.24% p.a. |
8.58% p.a. |
$395.00 yearly |
$180 |
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 |
You'll pay off your loan free of the bite of an ongoing payment fee with a fixed or variable home loan from Greater.
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.
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.
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%.
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.
232 Reviews
Cons personalised service
Read full reviewCons personalised service
Greater Bank consistently offers competitive home loan interest rates and mobile lenders for convenience
Read full reviewGreater Bank consistently offers competitive home loan interest rates and mobile lenders for convenience
Greater Bank offers competitive home loan rates with great customer service
Read full reviewGreater Bank offers competitive home loan rates with 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 reviewGreater 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.
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 reviewThe 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.
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.