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Greater Bank Great Rate Home Loan (Fixed)

Advertiser disclosure

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
1.99% p.a.
Comparison Rate
3.35% p.a.
Service fee
$0.00
Upfront fee
$180
Fixed 3 year rate
2.09% p.a.
Comparison Rate
3.36% p.a.
Service fee
$0.00
Upfront fee
$180
Fixed 3 year rate
1.99% p.a.
Comparison Rate
3.26% p.a.
Service fee
$0.00
Upfront fee
$180
Fixed 3 year rate
2.09% p.a.
Comparison Rate
3.36% p.a.
Service fee
$0.00
Upfront fee
$180
Fixed 3 year rate
2.39% p.a.
Comparison Rate
3.64% p.a.
Service fee
$0.00
Upfront fee
$180
Fixed 3 year rate
2.49% p.a.
Comparison Rate
3.73% p.a.
Service fee
$0.00
Upfront fee
$180

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

Last updated: 11 December 2020.

binocular icon
What's hot
  • 1.99% (3.35% comparison rate*) 3-year fixed rate
  • Extra repayments and redraws
  • No 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 a few years? With competitive fixed rates on 1-5 year terms, plus useful features like extra repayments and redraws, the Great Rate Home Loan (Fixed) from Greater Bank could be the answer. And if you need 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 the loan amount you're looking to borrow, the loan-to-value ratio (LVR), and whether or not 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 1.99% (3.35% comparison rate*) for a 3-year term, while investors making principal and interest repayments will can access fixed rates from 2.39% (3.64% comparison rate*) for a 3-year term.

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

When it comes to other costs, there are a few fees worth mentioning. These include a $180 settlement fee and a $300 discharge fee, plus legal fees are charged at cost. However, there's no ongoing service fee to worry about!

snapshot
Who is it good for

Borrowers wanting to lock in some repayment stability with a competitive fixed rate could find Greater Bank’s Great Rate Home Loan (Fixed) offer a handy match, especially if they’re looking to keep costs down further by avoiding ongoing fees.

question icon
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 17 January 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

  • 1.89% (3.52%*)

  • 1.99% (3.42%*)

  • 1.99% (3.35%*)

  • 2.09% (3.17%*)

  • 2.19% (3.10%*)

  • 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 17 January 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

  • 1.99% (3.62%*)

  • 2.09% (3.49%*)

  • 2.09% (3.36%*)

  • 2.19% (3.27%*)

  • 2.29% (3.20%*)

  • 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 17 January 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

  • 1.89% (3.52%*)

  • 1.99% (3.39%*)

  • 1.99% (3.26%*)

  • 2.09% (3.17%*)

  • 2.19% (3.10%*)

  • 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 17 January 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

  • 1.99% (3.62%*)

  • 2.09% (3.49%*)

  • 2.09% (3.36%*)

  • 2.19% (3.27%*)

  • 2.29% (3.20%*)

  • 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 17 January 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

  • 2.39% (3.91%*)

  • 2.39% (3.77%*)

  • 2.39% (3.64%*)

  • 2.59% (3.58%*)

  • 2.49% (3.44%*)

  • 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 17 January 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

  • 2.49% (4.01%*)

  • 2.49% (3.86%*)

  • 2.49% (3.73%*)

  • 2.69% (3.68%*)

  • 2.59% (3.54%*)

  • 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
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 9/10
    I know the staff in my local branch well now.

    Great customer service, banks in all capital cities, internet banking easy to navigate.

    Read full review

    Great customer service, banks in all capital cities, internet banking easy to navigate.

    Price
    9/10
    Features
    5/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    8/10
    Less
    Donna, New South Wales reviewed 3 months ago
  • 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 10 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 over 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 almost 6 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 over 7 years ago
Thumbnail icon for 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.

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2.64% p.a.

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2.20% p.a.

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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.