Greater Bank Great Rate Home Loan

This product is available in different versions. Pick the right version for you here.

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 85%

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 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

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $150,000

  • Investor (Interest Only)

    LVR < 85%

    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 < 85%

    Loan: $40,000

3.57% p.a.

3.59% p.a.

$0.00

Go to site

Greater Bank Great Rate Home Loan

Go to site

3.57% p.a.

3.59% p.a.

$0.00

Go to site
Mozo Review
Details
Customer Reviews
Similar loans

3.67% p.a.

3.69% p.a.

$0.00

Greater Bank Great Rate Home Loan

Go to site

3.67% p.a.

3.69% p.a.

$0.00

Mozo Review
Details
Customer Reviews
Similar loans

4.33% p.a.

4.35% p.a.

$0.00

Greater Bank Great Rate Home Loan

Go to site

4.33% p.a.

4.35% p.a.

$0.00

Mozo Review
Details
Customer Reviews
Similar loans

4.43% p.a.

4.45% p.a.

$0.00

Greater Bank Great Rate Home Loan

Go to site

4.43% p.a.

4.45% p.a.

$0.00

Mozo Review
Details
Customer Reviews
Similar loans

4.30% p.a.

4.32% p.a.

$0.00

Greater Bank Great Rate Home Loan

Go to site

4.30% p.a.

4.32% p.a.

$0.00

Mozo Review
Details
Customer Reviews
Similar loans

4.40% p.a.

4.42% p.a.

$0.00

Greater Bank Great Rate Home Loan

Go to site

4.40% p.a.

4.42% p.a.

$0.00

Mozo Review
Details
Customer Reviews
Similar loans

4.58% p.a.

4.60% p.a.

$0.00

Greater Bank Great Rate Home Loan

Go to site

4.58% p.a.

4.60% p.a.

$0.00

Mozo Review
Details
Customer Reviews
Similar loans

4.68% p.a.

4.70% p.a.

$0.00

Greater Bank Great Rate Home Loan

Go to site

4.68% p.a.

4.70% p.a.

$0.00

Mozo Review
Details
Customer Reviews
Similar loans
Mozo Review
Details
Customer Reviews
Similar loans

Mozo Review   Greater Bank Great Rate Home Loan Review

Last updated: 11 June 2019.

What's hot:

  • 2019 Home Lender Bank of the Year

  • Variable rates from 3.57% (3.59% comparison rate*)

  • No upfront or ongoing fees

  • Free redraw facility

What's not:

  • $300 discharge fee

  • No offset account available

Mozo snapshot:

2019 Home Lender Bank of the Year 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 2019 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 3.57% (3.59% comparison rate*) 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 27 June 2019. 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

  • 3.57% p.a.

  • n/a

  • 0 Months

  • none

  • 3.59% 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

  • $180.00

  • 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

*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 27 June 2019. 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

  • 3.67% p.a.

  • n/a

  • 0 Months

  • none

  • 3.69% 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

  • $180.00

  • 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

*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 27 June 2019. 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

  • 4.33% p.a.

  • n/a

  • 0 Months

  • none

  • 4.35% 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

  • $180.00

  • 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

*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 27 June 2019. 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

  • 4.43% p.a.

  • n/a

  • 0 Months

  • none

  • 4.45% 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

  • $180.00

  • none

  • $0.00

  • $300.00

Other financial bits

  • $150,000

  • none

  • none

  • 85.00%

Features

  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes

  • $0.00

  • yes

  • no

  • 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 27 June 2019. 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

  • 4.30% p.a.

  • n/a

  • 0 Months

  • none

  • 4.32% 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

  • $180.00

  • 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

*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 27 June 2019. 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

  • 4.40% p.a.

  • n/a

  • 0 Months

  • none

  • 4.42% 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

  • $180.00

  • 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

*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 27 June 2019. 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

  • 4.58% p.a.

  • n/a

  • 0 Months

  • none

  • 4.60% 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

  • $180.00

  • 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

*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 27 June 2019. 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

  • 4.68% p.a.

  • n/a

  • 0 Months

  • none

  • 4.70% 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

  • $180.00

  • none

  • $0.00

  • $300.00

Other financial bits

  • $40,000

  • none

  • none

  • 85.00%

Features

  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes

  • $0.00

  • yes

  • no

  • 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

Based on 213 Greater Bank home loan reviews

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

  • Overall
    10/10
    Fantastic service

    Great bank!!!

    Read full review

    Great bank!!!

    Price
    10/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -

    Less

    Ian | New South Wales

    reviewed almost 2 years ago

  • Overall
    8/10
    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.

    Price
    5/10
    Features
    5/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Less

    Cherry | New South Wales

    reviewed about 3 years ago

  • Overall
    8/10
    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.

    Price
    8/10
    Features
    6/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    8/10

    Less

    Rebecca | Queensland

    reviewed about 3 years ago

  • Overall
    9/10
    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.

    Price
    8/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Less

    David | New South Wales

    reviewed over 3 years ago

  • Overall
    9/10
    No problems in 17 years

    Great friendly bank

    Read full review

    Great friendly bank

    Price
    7/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    9/10
    Trust
    8/10

    Less

    Michael | New South Wales

    reviewed over 3 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

Greater Bank

Greater Bank

Great Rate Home Loan (Fixed)

p.a.

4.11% p.a.

$0.00

Go to site

Promoted

Greater Bank

Greater Bank

Ultimate Home Loan (Fixed, Package)

p.a.

4.35% p.a.

$395.00 yearly

Go to site

Promoted

Greater Bank

Greater Bank

Great Rate Discount with parental guarantee

3.57% p.a.

3.59% p.a.

$0.00

Go to site

Promoted

loans.com.au

loans.com.au

Smart Home Loan

3.28% p.a. variable

3.30% p.a.

$520

Go to site

Promoted

Athena

Athena

Variable Home Loan

3.34% p.a. variable

3.30% p.a.

$0

Go to site

Promoted

Suncorp

Suncorp

Back to Basics

3.49% p.a. variable

3.50% p.a.

$0

Go to site

Promoted

UBank

UBank

UHomeLoan (1 Year Fixed)

n/a

n/a

$395

Go to site

Promoted

Bank of Queensland

Bank of Queensland

Fixed Rate

3.39% p.a.
fixed 3 years

4.30% p.a.

$450

Promoted

HSBC

HSBC

Home Value Loan

3.47% p.a. variable

3.48% p.a.

$150

Go to site

Promoted

Macquarie

Macquarie

Basic Home Loan (Fixed)

3.59% p.a.
fixed 3 years

3.49% p.a.

$0

Go to site

Promoted

Bank Australia

Bank Australia

Basic Home Loan

3.51% p.a. variable

3.52% p.a.

$0

Go to site

Promoted

UBank

UBank

UHomeLoan - Discount Offer

3.59% p.a.

3.59% p.a.

$0

Go to site

Promoted

loans.com.au

loans.com.au

Smart Home Loan

3.28% p.a.

3.30% p.a.

$520

Go to site

Promoted

Athena

Athena

Variable Home Loan

3.34% p.a.

3.30% p.a.

$0

Go to site

Promoted

Suncorp

Suncorp

Back to Basics

3.49% p.a.

3.50% p.a.

$0

Go to site

Promoted

HSBC

HSBC

Home Value Loan

3.47% p.a.

3.48% p.a.

$150

Go to site

Promoted

Bank of Queensland

Bank of Queensland

2 Year Intro Rate Variable Home Loan

3.54% p.a.variable for 24 months and then 4.01% p.a.

4.06% p.a.

$150

Promoted

Hume Bank

Hume Bank

Flexi Low Rate

3.69% p.a.

3.69% p.a.

$0

Go to site

Promoted

Greater Bank

Greater Bank

Great Rate Home Loan

3.57% p.a.

3.59% p.a.

$180

Go to site

Promoted

UBank

UBank

UHomeLoan (1 Year Fixed)

n/a

n/a

$395

Go to site

Promoted

Bank of Queensland

Bank of Queensland

Fixed Rate

3.39% p.a.
fixed 3 years

4.30% p.a.

$450

Promoted

loans.com.au

loans.com.au

Fixed Home Loan

3.19% p.a.
fixed 3 years

3.63% p.a.

$520

Go to site

Promoted

UBank

UBank

UHomeLoan (Fixed)

3.24% p.a.
fixed 3 years

3.88% p.a.

$395

Go to site

Promoted

QBANK

QBANK

Fixed Rate

3.62% p.a.
fixed 3 years

4.20% p.a.

$195

Go to site

Promoted

Bank Australia

Bank Australia

Basic Home Loan (Fixed)

3.64% p.a.
fixed 3 years

3.74% p.a.

$0

Go to site

Promoted

loans.com.au

loans.com.au

Smart Loan Fixed (Package)

3.19% p.a.
fixed 3 years

3.63% p.a.

$520

Go to site

Promoted

Mozo

Mozo

Mystery Bank Deal

n/a

n/a

$745

Promoted

loans.com.au

loans.com.au

Smart Home Loan

3.28% p.a.

3.30% p.a.

$0.00

Go to site

Promoted

Athena

Athena

Variable Home Loan

3.34% p.a.

3.30% p.a.

$0.00

Go to site

Promoted

Suncorp

Suncorp

Back to Basics

3.49% p.a.

3.50% p.a.

$0.00

Go to site

Promoted

HSBC

HSBC

Home Value Loan

3.47% p.a.

3.48% p.a.

$0.00

Go to site

Promoted

Bank Australia

Bank Australia

Basic Home Loan

3.51% p.a.

3.52% p.a.

$0.00

Go to site

Promoted

Mortgage House

Mortgage House

Red Home Loan - Early Bird Special

3.29% p.a.

3.36% p.a.

$0.00

Promoted

Bank of Queensland

Bank of Queensland

2 Year Intro Rate Variable Home Loan

3.54% p.a.variable for 24 months and then 4.01% p.a.

4.06% p.a.

$10.00 monthly

Promoted

Reduce Home Loans

Reduce Home Loans

Rate Lovers Variable Home Loan

3.19% p.a.

3.19% p.a.

$0.00

Go to site

*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.

Compare other home loans