Greater Bank Great Rate Home Loan
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 investor taking out a principal & interest loan of at least $150,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan of at least $150,000 with an LVR below 70%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $40,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a interest only loan of at least $40,000 with an LVR below 95%
The details shown below are for an investor taking out a principal & interest loan of at least $40,000 with an LVR below 95%
The details shown below are for an investor taking out a interest only loan of at least $40,000 with an LVR below 70%
Choose the version of loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 90% | $150,000 | |
| | Owner Occupier | Interest Only | < 90% | $150,000 | |
| | Investor | Principal & Interest | < 90% | $150,000 | |
| | Investor | Interest Only | < 70% | $150,000 | |
| | Owner Occupier | Principal & Interest | < 95% | $40,000 | |
| | Owner Occupier | Interest Only | < 95% | $40,000 | |
| | Investor | Principal & Interest | < 95% | $40,000 | |
| | Investor | Interest Only | < 70% | $40,000 |
-
Owner Occupier (Principal & Interest)
LVR < 90%
Loan: $150,000
-
Owner Occupier (Interest Only)
LVR < 90%
Loan: $150,000
-
Investor (Principal & Interest)
LVR < 90%
Loan: $150,000
-
Investor (Interest Only)
LVR < 70%
Loan: $150,000
-
Owner Occupier (Principal & Interest)
LVR < 95%
Loan: $40,000
-
Owner Occupier (Interest Only)
LVR < 95%
Loan: $40,000
-
Investor (Principal & Interest)
LVR < 95%
Loan: $40,000
-
Investor (Interest Only)
LVR < 70%
Loan: $40,000
3.72% p.a.
3.73% p.a.
$0.00
Greater Bank Great Rate Home Loan
3.72% p.a.
3.73% p.a.
$0.00
3.82% p.a.
3.83% p.a.
$0.00
Greater Bank Great Rate Home Loan
3.82% p.a.
3.83% p.a.
$0.00
4.48% p.a.
4.49% p.a.
$0.00
Greater Bank Great Rate Home Loan
4.48% p.a.
4.49% p.a.
$0.00
4.58% p.a.
4.59% p.a.
$0.00
Greater Bank Great Rate Home Loan
4.58% p.a.
4.59% p.a.
$0.00
4.45% p.a.
4.46% p.a.
$0.00
Greater Bank Great Rate Home Loan
4.45% p.a.
4.46% p.a.
$0.00
4.55% p.a.
4.56% p.a.
$0.00
Greater Bank Great Rate Home Loan
4.55% p.a.
4.56% p.a.
$0.00
4.63% p.a.
4.64% p.a.
$0.00
Greater Bank Great Rate Home Loan
4.63% p.a.
4.64% p.a.
$0.00
4.73% p.a.
4.74% p.a.
$0.00
Greater Bank Great Rate Home Loan
4.73% p.a.
4.74% p.a.
$0.00
Mozo Review Greater Bank Great Rate Home Loan Review
Last updated: 17 September 2018.
What's hot:
Variable rates from 3.72% (3.72% comparison rate)
Dual 2018 Mozo Experts Choice Award winner
No upfront or ongoing fees
Free redraw facility
What's not:
$300 discharge fee
No offset account available
Mozo snapshot:
Greater Bank’s Great Rate Home Loan delivers oodles of value for homeowners looking for a low-maintenance mortgage thanks to no application or ongoing fees throughout the life of the loan. You will also have the peace of mind of knowing you’re dealing with one of the market’s best variable rate home loans given it was judged a 2018 Mozo Experts Choice Award winner in both the Split Home Loan and First Home Buyer Loan categories.
Key features:
If you’re after a competitively priced variable home loan, stacked with options and close to no fees, you may have found a winner in the Greater Bank Great Rate Home Loan - after all, the Mozo Experts did. Owner occupiers can take advantage of competitive variable rates from 3.72% on loan amounts of $150,000 or more.
An award-winner in the First Home Buyer Loan category, the 90% LVR means you don’t have to have a huge stack of cash saved up for a house deposit, but keep in mind that if you don’t have 20% stashed away, you’ll have to stump up for lenders mortgage insurance.
The Great Rate Home Loan also ditches upfront and ongoing annual fees so that you can put all of your precious pennies towards making repayments. Speaking of which, you’ll have the flexibility to choose whether you’re paying your loan on a weekly, fortnightly or monthly basis as well as if you want to make principal and interest or interest only repayments.
While you won’t have the option of opening an offset account aside the Great Rate Home Loan, you will be able to make fee-free additional repayments and be able to redraw against them at any time using Greater Bank’s online service and the great news is there is no minimum amount. Finally, Aussies looking to hedge their bets against a rate rise can choose to split their home loan between the variable rates on offer from the Great Rate Home Loan and another of Greater Bank’s fixed rate products.
Who it's good for:
Aussies homeowners who want a no-frills home loan with a competitive variable interest rate could benefit from the Greater Bank Great Rate Home Loan. After being awarded a coveted Mozo Experts Choice Award in 2018 as a market-leading First Home Buyer Loan, it is certainly one to look out for if you’re trying to get your foot in the door of your first home.
Any catches?
Just bear in mind that once you’re done paying off the loan you’ll have a $300 discharge fee to pay.
Details
Rates and fees information correct as at 19 September 2018.
Rates
-
3.72% p.a.
-
n/a
-
0 Months
-
none
-
3.73% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
none
-
$0.00
-
$300.00
Other financial bits
-
$150,000
-
none
-
none
-
90.00%
Features
-
Owner Occupier
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
none
-
yes
-
$0.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 19 September 2018.
Rates
-
3.82% p.a.
-
n/a
-
0 Months
-
none
-
3.83% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
none
-
$0.00
-
$300.00
Other financial bits
-
$150,000
-
none
-
none
-
90.00%
Features
-
Owner Occupier
-
Interest Only
-
Weekly, Fortnightly, Monthly
-
yes - free
-
none
-
yes
-
$0.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 19 September 2018.
Rates
-
4.48% p.a.
-
n/a
-
0 Months
-
none
-
4.49% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
none
-
$0.00
-
$300.00
Other financial bits
-
$150,000
-
none
-
none
-
90.00%
Features
-
Investor
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
none
-
yes
-
$0.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 19 September 2018.
Rates
-
4.58% p.a.
-
n/a
-
0 Months
-
none
-
4.59% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
none
-
$0.00
-
$300.00
Other financial bits
-
$150,000
-
none
-
none
-
70.00%
Features
-
Investor
-
Interest Only
-
Weekly, Fortnightly, Monthly
-
yes - free
-
none
-
yes
-
$0.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 19 September 2018.
Rates
-
4.45% p.a.
-
n/a
-
0 Months
-
none
-
4.46% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
none
-
$0.00
-
$300.00
Other financial bits
-
$40,000
-
none
-
none
-
95.00%
Features
-
Owner Occupier
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
none
-
yes
-
$0.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 19 September 2018.
Rates
-
4.55% p.a.
-
n/a
-
0 Months
-
none
-
4.56% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
none
-
$0.00
-
$300.00
Other financial bits
-
$40,000
-
none
-
none
-
95.00%
Features
-
Owner Occupier
-
Interest Only
-
Weekly, Fortnightly, Monthly
-
yes - free
-
none
-
yes
-
$0.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 19 September 2018.
Rates
-
4.63% p.a.
-
n/a
-
0 Months
-
none
-
4.64% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
none
-
$0.00
-
$300.00
Other financial bits
-
$40,000
-
none
-
none
-
95.00%
Features
-
Investor
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
none
-
yes
-
$0.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 19 September 2018.
Rates
-
4.73% p.a.
-
n/a
-
0 Months
-
none
-
4.74% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
none
-
$0.00
-
$300.00
Other financial bits
-
$40,000
-
none
-
none
-
70.00%
Features
-
Investor
-
Interest Only
-
Weekly, Fortnightly, Monthly
-
yes - free
-
none
-
yes
-
$0.00
-
yes
-
no
-
none
-
none
Customer Reviews
How are Greater Bank home loans rated by the Mozo community?
Latest reviews of Greater Bank Great Rate Home Loan
- Overall10/10
Fantastic service
Great bank!!!
Read full review
Great bank!!!
Price10/10Features-Customer service-Convenience-Trust-Less
Ian | New South Wales
reviewed about 1 year ago
- Overall8/10
Fantastic customer service
My favourite feature of Greater Building Society is its staff. They greet me by name and treat me...
Read full review
My favourite feature of Greater Building Society is its staff. They greet me by name and treat me with respect and I get good old fashion service. I do a lot of my business by Internet and really like their website.
Price5/10Features5/10Customer service10/10Convenience10/10Trust10/10Less
Cherry | New South Wales
reviewed over 2 years ago
- Overall8/10
Excellent customer service.
Greater offers a good interest rate. There are limited numbers of branches compared to the big 4...
Read full review
Greater offers a good interest rate. There are limited numbers of branches compared to the big 4 banks, however staff are extremely helpful and remember me each time I come in. They seem genuinely interested in helping me select good products and provide all the information I require to make suitable choices.
Price8/10Features6/10Customer service10/10Convenience8/10Trust8/10Less
Rebecca | Queensland
reviewed over 2 years ago
- Overall9/10
Fantastic service, always there for their people.
Pros - Flexible with my home loan payments in my times of need. Very understanding and friendly....
Read full review
Pros - Flexible with my home loan payments in my times of need. Very understanding and friendly. Workers present well and are very courteous. Cons- Like all banks they are closed on Sunday.
Price8/10Features9/10Customer service10/10Convenience10/10Trust10/10Less
David | New South Wales
reviewed over 2 years ago
- Overall9/10
No problems in 17 years
Great friendly bank
Read full review
Great friendly bank
Price7/10Features8/10Customer service8/10Convenience9/10Trust8/10Less
Michael | New South Wales
reviewed over 2 years ago
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.
