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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 $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 90%

Choose the version of this loan that suits you best

Availability Loan type LVR Min loan amount Max loan amount
Owner Occupier Principal & Interest < 90% $40,000
Owner Occupier Interest Only < 90% $40,000
Investor Principal & Interest < 90% $40,000
Investor Interest Only < 90% $40,000
  • 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 < 90%
    Loan: $40,000
Fixed 3 year rate
5.79% p.a.
Comparison Rate
7.27% p.a.
Service fee
$0.00
Upfront fee
$180
Fixed 3 year rate
5.89% p.a.
Comparison Rate
7.37% p.a.
Service fee
$0.00
Upfront fee
$180
Fixed 3 year rate
5.89% p.a.
Comparison Rate
7.56% p.a.
Service fee
$0.00
Upfront fee
$180
Fixed 3 year rate
5.99% p.a.
Comparison Rate
7.66% p.a.
Service fee
$0.00
Upfront fee
$180

Mozo editorial review Greater Bank Great Rate Home Loan (Fixed) - last updated: 3 May 2024

binocular icon
What's hot
  • 6.29% p.a. (7.70% p.a. comparison rate*) 1-year fixed rate
  • Extra repayments and redraws
  • No ongoing fees
  • $2,000-$3,000 cashback offer (T&Cs apply)
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 across different 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) comes with a $2,000 cashback offer for loans more than/or equal to $250,000 with LVR <80%, or $3,000 cashback for loans more than/or equal to $500,000 with LVR <80% (applications must be submitted by 31/05/2024 and funded by 31/08/2024).

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 5.79% p.a. (7.26% p.a. comparison rate*) for a 5-year term, while investors making principal and interest repayments will can access fixed rates from 5.94% p.a. (7.22% p.a. comparison rate*) for a 5-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!

The loan also comes with a $2,000 cashback offer for loans more than/or equal to $250,000 with LVR <80%, or $3,000 cashback for loans more than/or equal to $500,000 with LVR <80% (applications must be submitted by 31/05/2024 and funded by 31/08/2024).


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 29 May 2024. 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

6.29% (7.71%*)

5.89% (7.47%*)

5.79% (7.27%*)

5.84% (7.12%*)

5.84% (6.98%*)

n/a

n/a

7.86% 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 - free

$0.00

yes

no

Legal fees charged at cost.

none

$2,000 cashback for loans more than of equal to $250,000 with LVR <80%, or $3,000 cashback for loans more than or equal to $500,000 with LVR <80%. Applications must be submitted by 31/05/2024 and funded by 31/08/2024.

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 29 May 2024. 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

6.39% (7.80%*)

5.99% (7.57%*)

5.89% (7.37%*)

5.94% (7.22%*)

5.94% (7.07%*)

n/a

n/a

7.96% 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 - free

$0.00

yes

no

Legal fees charged at cost.

none

$2,000 cashback for loans more than of equal to $250,000 with LVR <80%, or $3,000 cashback for loans more than or equal to $500,000 with LVR <80%. Applications must be submitted by 31/05/2024 and funded by 31/08/2024.

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 29 May 2024. 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

6.39% (8.05%*)

5.99% (7.79%*)

5.89% (7.56%*)

5.94% (7.39%*)

5.94% (7.22%*)

n/a

n/a

8.24% 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 - free

$0.00

yes

no

Legal fees charged at cost.

none

$2,000 cashback for loans more than of equal to $250,000 with LVR <80%, or $3,000 cashback for loans more than or equal to $500,000 with LVR <80%. Applications must be submitted by 31/05/2024 and funded by 31/08/2024.

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 29 May 2024. 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

6.49% (8.15%*)

6.09% (7.88%*)

5.99% (7.66%*)

6.04% (7.49%*)

6.04% (7.32%*)

n/a

n/a

8.34% 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 - free

$0.00

yes

no

Legal fees charged at cost.

none

$2,000 cashback for loans more than of equal to $250,000 with LVR <80%, or $3,000 cashback for loans more than or equal to $500,000 with LVR <80%. Applications must be submitted by 31/05/2024 and funded by 31/08/2024.

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
Based on 232 Greater Bank home loan 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.

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

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Heritage Bank

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5.99% p.a.

6.01% p.a.

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Aussie

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6.09% p.a.

6.20% 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.

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