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 80%
The details shown below are for an investor taking out a interest only loan of at least $150,000 with an LVR below 80%
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% | $150,000 | |
|
|
Owner Occupier | Interest Only | < 90% | $150,000 | |
|
|
Investor | Principal & Interest | < 80% | $150,000 | |
|
|
Investor | Interest Only | < 80% | $150,000 | |
|
|
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: $150,000
Owner Occupier (Interest Only)
LVR < 90%
Loan: $150,000
Investor (Principal & Interest)
LVR < 80%
Loan: $150,000
Investor (Interest Only)
LVR < 80%
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 < 90%
Loan: $40,000
Greater Bank’s Great Rate Home Loan delivers oodles of value for homeowners looking for a low-maintenance mortgage thanks to the relatively small number of fees and the competitive variable rate on the one hand, and handy features like extra repayments and redraws on the other. Plus, you'll know you'll be taken care of by a bank that's been crowned the Home Lender Bank of the Year in the 2022 Mozo Experts Choice Home Loan Awards.
If you’re after a competitively priced variable home loan with close to no fees and a few useful features, you may have found a winner in Greater Bank's Great Rate Home Loan.
Owner occupiers can take advantage of competitive variable rates from 3.79% (3.80% comparison rate*) on loan amounts of $150,000 or more, as can investors with rates starting from 3.89% (3.90% comparison rate*). There are also different rates available for both types of borrowers depending on the size of the loan, the loan-to-value ratio (LVR) and the type of repayments being made (principal and interest or interest-only).
While you won’t have the option of opening an offset account with Great Rate Home Loan, you will be able to make fee-free additional repayments and withdraw those extra repayments down the line via the redraw facility. Finally, Aussies looking to hedge their bets against a rate rise can choose to split their home loan between the variable rates on offer with the Great Rate Home Loan, and one of the eligible Greater Bank fixed rates.
The Great Rate Home Loan is also pretty light on fees. There's a $180 settlement fee, $300 discharge fee and legal fees are charged at cost, but there are no application or ongoing service fees to worry about.
Homeowners on the hunt for a low-cost home loan could benefit from Greater Bank's Great Rate Home Loan with its competitive variable interest rate and relatively low fees.
For some borrowers an offset account is a must, so if that's a feature you just can't do without then Greater Bank's Ultimate Home Loan (Package) or another offset home loan may be a better option. This loan is only for applications for properties located in NSW, QLD or ACT.
|
3.79% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
3.80% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$180.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$300.00 |
|
$150,000 |
|
|
none |
|
|
none |
|
|
90.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
none |
|
|
yes - free |
|
|
$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.
|
3.89% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
3.91% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$180.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$300.00 |
|
$150,000 |
|
|
none |
|
|
none |
|
|
90.00% |
|
Owner Occupier |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
none |
|
|
yes - free |
|
|
$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.
|
3.89% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
3.90% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$180.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$300.00 |
|
$150,000 |
|
|
none |
|
|
none |
|
|
80.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
none |
|
|
yes - free |
|
|
$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.
|
3.99% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
4.01% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$180.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$300.00 |
|
$150,000 |
|
|
none |
|
|
none |
|
|
80.00% |
|
Investor |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
none |
|
|
yes - free |
|
|
$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.
|
5.41% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
5.43% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$180.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$300.00 |
|
$40,000 |
|
|
none |
|
|
none |
|
|
90.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
none |
|
|
yes - free |
|
|
$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.
|
5.51% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
5.53% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$180.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$300.00 |
|
$40,000 |
|
|
none |
|
|
none |
|
|
90.00% |
|
Owner Occupier |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
none |
|
|
yes - free |
|
|
$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.
|
5.79% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
5.81% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$180.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$300.00 |
|
$40,000 |
|
|
none |
|
|
none |
|
|
90.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
none |
|
|
yes - free |
|
|
$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.
|
5.89% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
5.91% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$180.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$300.00 |
|
$40,000 |
|
|
none |
|
|
none |
|
|
90.00% |
|
Investor |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
none |
|
|
yes - free |
|
|
$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.
Greater Bank is the best financial institution that I have dealt with. Great products and services and staff are friendly, efficient and real.
Read full reviewGreater Bank is the best financial institution that I have dealt with. Great products and services and staff are friendly, efficient and real.
I've been with Greater Bank for years now and I'm glad I made the switch. They treat you like a real person and are always ready to help. Their products are great value too.
Read full reviewI've been with Greater Bank for years now and I'm glad I made the switch. They treat you like a real person and are always ready to help. Their products are great value too.
Easy to deal with. They do all the foot work for you.
Read full reviewEasy to deal with. They do all the foot work for you.
Great bank!!!
Read full reviewMy 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.
Read full reviewMy 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.
loans.com.au
Smart Booster Home Loan
3.60% p.a.variable for 24 months and then 4.00% p.a. variable
3.96% p.a.
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3.69% p.a. variable
3.85% p.a.
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3.60% p.a.variable for 24 months and then 4.00% p.a. variable
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3.74% p.a.variable for 12 months and then 4.23% p.a. variable
4.22% p.a.
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3.49% p.a. variable
3.49% p.a.
loans.com.au
Smart Booster Home Loan
3.60% p.a.variable for 24 months and then 4.00% p.a.
3.96% p.a.
loans.com.au
Smart Booster Home Loan
3.74% p.a.variable for 12 months and then 4.23% p.a.
4.22% p.a.
Qudos Bank
No Frills Home Loan
3.49% p.a.
3.49% p.a.
loans.com.au
Smart Booster Home Loan
3.60% p.a.variable for 24 months and then 4.00% p.a.
3.96% p.a.
$0.00
Bank of Queensland
Economy
3.69% p.a.
3.85% p.a.
$10.00 monthly
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Smart Booster Home Loan
3.74% p.a.variable for 12 months and then 4.23% p.a.
4.22% p.a.
$0.00
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.
