Thumbnail icon for Greater Bank

Greater Bank Great Rate Home Loan (Fixed)

The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 90%

The details shown below are for an owner occupier taking out a interest only loan of at least $150,000 with an LVR below 90%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $40,000 with an LVR below 90%

The details shown below are for an owner occupier taking out a interest only loan of at least $40,000 with an LVR below 90%

The details shown below are for an investor taking out a principal & interest loan of at least $40,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan of at least $40,000 with an LVR below 85%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 90%

    Loan: $150,000

  • Owner Occupier (Interest Only)

    LVR < 90%

    Loan: $150,000

  • Owner Occupier (Principal & Interest)

    LVR < 90%

    Loan: $40,000

  • Owner Occupier (Interest Only)

    LVR < 90%

    Loan: $40,000

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $40,000

  • Investor (Interest Only)

    LVR < 85%

    Loan: $40,000

Fixed 3 year rate
2.39% p.a.
Comparison Rate*
3.36% p.a.
Service fee
$0.00
Upfront fee
$180
Fixed 3 year rate
2.49% p.a.
Comparison Rate*
3.46% p.a.
Service fee
$0.00
Upfront fee
$180
Fixed 3 year rate
2.39% p.a.
Comparison Rate*
3.36% p.a.
Service fee
$0.00
Upfront fee
$180
Fixed 3 year rate
2.49% p.a.
Comparison Rate*
3.46% p.a.
Service fee
$0.00
Upfront fee
$180
Fixed 3 year rate
2.69% p.a.
Comparison Rate*
3.71% p.a.
Service fee
$0.00
Upfront fee
$180
Fixed 3 year rate
2.79% p.a.
Comparison Rate*
3.81% p.a.
Service fee
$0.00
Upfront fee
$180

Mozo editorial review Greater Bank Great Rate Home Loan (Fixed)

Last updated: 4 May 2020.

binocular icon
What's hot
  • 2.49% (3.54% comparison rate*) three year fixed rate
  • Extra repayments and redraw facility
  • No upfront or ongoing fees
  • 2020 Mozo Experts Choice Award
What's not
  • $300 discharge fee
Mozo snapshot

Like the idea of locking in a low fixed rate for the early part of your home loan? With competitive fixed rate deals on 1-5 year terms Greater Bank’s Great Rate Home Loan (Fixed) could be the answer, plus borrowers won’t need to fork over any upfront or ongoing services fees and they’ll even be able to make extra repayments and make use of an online redraw facility.

If you needed any more convincing, you'll love to know that the Great Rate Home Loan (Fixed) took out a 2020 Mozo Experts Choice Award in the Fixed Rate Home Loan category. 

key icon
Key features

The Greater Bank Great Rate Home Loan (Fixed) comes with a range of fixed rate options for both investors and owner occupiers which will depend on the size of your (LVR), your loan amount and whether you’ll be making principal and interest or interest-only repayments.

Owner occupiers making principal and interest repayments will be able to grab fixed rates as low as 2.19% (3.59% comparison rate*) for a one year term, while investors making principal and interest repayments will can access one year fixed rates from 2.69% (3.97% comparison rate*).

One of the other great attribute of the loan is its lack of upfront and ongoing fees. That means Greater Bank borrowers won’t have to pay any application, legal, valuation or settlement fees, nor any ongoing service fees. The only cost you’ll need to worry about is a $300 discharge fee once your ready to pay out your loan in full.

The Great Rate Home Loan (Fixed) also comes complete with some flexible features, including the option for borrowers to make extra repayments on their loan (fees may apply) and to dip into those extra repayments through the free online redraw facility.

snapshot
Who is it good for

Borrowers wanting repayment stability at the start of their loan could find Greater Bank’s Great Rate Home Loan (Fixed) offer a handy match, especially if they’re looking to keep costs down and avoid any high upfront or ongoing fees.

snapshot
Any catches

Just bear in mind that this loan doesn’t come with an offset account, so if that’s a feature you can’t go without then you may be better off looking at Greater Bank’s Ultimate Home Loan (Fixed, Package) instead.

Details

Rates and fees information correct as at 9 July 2020. 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

  • 2.09% (3.54%*)

  • 2.24% (3.43%*)

  • 2.39% (3.36%*)

  • 2.79% (3.39%*)

  • 2.79% (3.33%*)

  • n/a

  • n/a

  • 3.66% p.a.

Fees
  • $0.00

  • n/a

  • $0.00

  • $180.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $150,000

  • none

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - fee applies

  • none

  • yes

  • $0.00

  • yes

  • no

  • Legal fees charged at cost.

  • none

  • 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 9 July 2020. 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% (3.64%*)

  • 2.34% (3.53%*)

  • 2.49% (3.46%*)

  • 2.89% (3.49%*)

  • 2.89% (3.43%*)

  • n/a

  • n/a

  • 3.76% p.a.

Fees
  • $0.00

  • n/a

  • $0.00

  • $180.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $150,000

  • none

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - fee applies

  • none

  • yes

  • $0.00

  • yes

  • no

  • Legal fees charged at cost.

  • none

  • 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 9 July 2020. 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

  • 2.09% (3.54%*)

  • 2.24% (3.43%*)

  • 2.39% (3.36%*)

  • 2.79% (3.39%*)

  • 2.79% (3.33%*)

  • n/a

  • n/a

  • 3.66% p.a.

Fees
  • $0.00

  • n/a

  • $0.00

  • $180.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $40,000

  • none

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - fee applies

  • none

  • yes

  • $0.00

  • yes

  • no

  • Legal fees charged at cost.

  • none

  • 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 9 July 2020. 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% (3.64%*)

  • 2.34% (3.53%*)

  • 2.49% (3.46%*)

  • 2.89% (3.49%*)

  • 2.89% (3.43%*)

  • n/a

  • n/a

  • 3.76% p.a.

Fees
  • $0.00

  • n/a

  • $0.00

  • $180.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $40,000

  • none

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - fee applies

  • none

  • yes

  • $0.00

  • yes

  • no

  • Legal fees charged at cost.

  • none

  • 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 9 July 2020. 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

  • 2.49% (3.92%*)

  • 2.54% (3.79%*)

  • 2.69% (3.71%*)

  • 3.09% (3.74%*)

  • 3.09% (3.68%*)

  • n/a

  • n/a

  • 4.04% p.a.

Fees
  • $0.00

  • n/a

  • $0.00

  • $180.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $40,000

  • none

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - fee applies

  • none

  • yes

  • $0.00

  • yes

  • no

  • Legal fees charged at cost.

  • none

  • 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 9 July 2020. 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

  • 2.59% (4.02%*)

  • 2.64% (3.89%*)

  • 2.79% (3.81%*)

  • 3.19% (3.84%*)

  • 3.19% (3.78%*)

  • n/a

  • n/a

  • 4.14% p.a.

Fees
  • $0.00

  • n/a

  • $0.00

  • $180.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $40,000

  • none

  • none

  • 85.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - fee applies

  • none

  • yes

  • $0.00

  • yes

  • no

  • Legal fees charged at cost.

  • none

  • 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

How are Greater Bank home loans rated by the Mozo community?

Overall customer rating
8.7/10
Price
8.3/10
Features
7.9/10
Customer service
8.8/10
Convenience
8.8/10
Trust
8.7/10

Latest reviews of Greater Bank Great Rate Home Loan (Fixed)

  • Overall 10/10
    Competitive products, personalised service.

    Excellent customer service, reliable products and good rates and with low fees.

    Read full review

    Excellent customer service, reliable products and good rates and with low fees.

    Price
    9/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    10/10
    Less
    Kylie, New South Wales reviewed 4 months ago
  • Overall 10/10
    Best bank manager with the best advice - lifetime

    Best bank manager with the best advice - lifetime quality service.

    Read full review

    Best bank manager with the best advice - lifetime quality service.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Vanessa, New South Wales reviewed almost 5 years ago
  • Overall 3/10
    poor customer service

    customer for over 10years and no consideration was given to make allowances for a long term customer where circumstances have changed. A penalty charge for paying over my normal rate was more important than keeping a loyal customer. They are no different than any other money hungry organisation

    Read full review

    customer for over 10years and no consideration was given to make allowances for a long term customer where circumstances have changed. A penalty charge for paying over my normal rate was more important than keeping a loyal customer. They are no different than any other money hungry organisation

    Price
    5/10
    Features
    3/10
    Customer service
    1/10
    Convenience
    7/10
    Trust
    1/10
    Less
    Chris, New South Wales reviewed over 5 years ago
  • Overall 9/10
    Fee-free linked account

    Always helpful. Provision of fee-free access account.

    Read full review

    Always helpful. Provision of fee-free access account.

    Price
    7/10
    Features
    7/10
    Customer service
    8/10
    Convenience
    10/10
    Trust
    9/10
    Less
    Mozo community reviewer, New South Wales reviewed almost 7 years ago
  • Overall 10/10
    Great customer service

    They are friendly. Easy to get loans in 24 hours. Just a great all round building society that's great to be with.

    Read full review

    They are friendly. Easy to get loans in 24 hours. Just a great all round building society that's great to be with.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Lynette, New South Wales reviewed over 7 years ago
Greater Bank

About Greater Bank

Greater Bank offers a range of personal and business banking products around a quarter of a million customers in NSW and Queensland. Its products include savings and investment accounts, home loans, personal loans, credit cards, business banking, financial planning, travel money and insurance. Greater Bank is owned by its customers, not shareholders, and has a focus on providing great rates, low fees and superior service.

See Greater Bank home loans

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.57% p.a. variable

2.59% p.a.

Promoted

UBank

UBank

UHomeLoan - Discount Offer

2.59% p.a. variable

2.59% p.a.

Promoted

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

Promoted

Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

2.49% p.a.
fixed 3 years

3.31% p.a.

Promoted

Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

2.39% p.a.
fixed 3 years

3.66% p.a.

Promoted

People's Choice Credit Union

People's Choice Credit Union

Basic Variable Home Loan

2.69% p.a. variable

2.69% p.a.

Promoted

Bank of Queensland

Bank of Queensland

Fixed Rate

2.35% p.a.
fixed 3 years

3.44% p.a.

Promoted

Yard

Yard

Variable Home Loan Winter Special

2.39% p.a. variable

2.42% p.a.

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.57% p.a. variable

2.59% p.a.

Promoted

Suncorp

Suncorp

Back to Basics

2.78% p.a. variable

2.79% p.a.

Promoted

UBank

UBank

UHomeLoan - Discount Offer

2.59% p.a. variable

2.59% p.a.

Promoted

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

Promoted

Homestar

Homestar

Star Essentials Home Loan

2.39% p.a. variable

2.39% p.a.

Promoted

Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

2.39% p.a.
fixed 3 years

3.66% p.a.

Promoted

Bank of Queensland

Bank of Queensland

Economy

2.69% p.a. variable

2.86% p.a.

Promoted

Athena

Athena

Variable Home Loan

2.59% p.a. variable

2.55% p.a.

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.57% p.a.

2.59% p.a.

Promoted

UBank

UBank

UHomeLoan - Discount Offer

2.59% p.a.

2.59% p.a.

Promoted

Bank of Queensland

Bank of Queensland

Economy

2.69% p.a.

2.86% p.a.

Promoted

Newcastle Permanent

Newcastle Permanent

Variable Home Loan (Premium Plus Package)

2.94% p.a.

3.34% p.a.

Promoted

Homestar

Homestar

Star Essentials Home Loan

2.39% p.a.

2.39% p.a.

Promoted

Yard

Yard

Variable Home Loan Winter Special

2.39% p.a.

2.42% p.a.

Promoted

HSBC

HSBC

Home Value Loan

2.65% p.a.

2.66% p.a.

Promoted

Athena

Athena

Variable Home Loan

2.59% p.a.

2.55% p.a.

Promoted

Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

2.49% p.a.
fixed 3 years

3.31% p.a.

Promoted

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

Promoted

Mozo

Mozo

Mystery Bank Deal

2.29% p.a.
fixed 3 years

3.89% p.a.

Promoted

Homestar

Homestar

Star Essentials Fixed Home Loan

n/a

n/a

Promoted

Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

2.39% p.a.
fixed 3 years

3.66% p.a.

Promoted

People's Choice Credit Union

People's Choice Credit Union

Fixed Rate Home Loan (Package)

2.29% p.a.
fixed 3 years

3.72% p.a.

Promoted

Mortgage House

Mortgage House

Switch and Save Special - Fixed Home Loan

2.44% p.a.
fixed 3 years

2.60% p.a.

Promoted

Bank of Queensland

Bank of Queensland

Fixed Rate

2.35% p.a.
fixed 3 years

3.44% p.a.

*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.