Greater Bank Ultimate Home Loan (Fixed, Package)

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 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

  • 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

2.89% p.a.

3.91% p.a.

$395.00 yearly

Greater Bank Ultimate Home Loan (Fixed, Package)

2.89% p.a.

3.91% p.a.

$395.00 yearly

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2.99% p.a.

4.02% p.a.

$395.00 yearly

Greater Bank Ultimate Home Loan (Fixed, Package)

2.99% p.a.

4.02% p.a.

$395.00 yearly

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2.89% p.a.

3.92% p.a.

$395.00 yearly

Greater Bank Ultimate Home Loan (Fixed, Package)

2.89% p.a.

3.92% p.a.

$395.00 yearly

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2.99% p.a.

4.02% p.a.

$395.00 yearly

Greater Bank Ultimate Home Loan (Fixed, Package)

2.99% p.a.

4.02% p.a.

$395.00 yearly

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3.14% p.a.

4.25% p.a.

$395.00 yearly

Greater Bank Ultimate Home Loan (Fixed, Package)

3.14% p.a.

4.25% p.a.

$395.00 yearly

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3.24% p.a.

4.35% p.a.

$395.00 yearly

Greater Bank Ultimate Home Loan (Fixed, Package)

3.24% p.a.

4.35% p.a.

$395.00 yearly

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Mozo Review   Greater Bank Ultimate Home Loan (Fixed, Package) Review

Last updated: 5 February 2020.

What's hot:

  • 2019 Home Lender Bank of the Year

  • No annual fee on your Everyday bank account and credit card

  • No application fee

What's not:

  • $395 yearly service fee

Mozo snapshot:

Looking for a home loan to keep interest costs low but don’t want to miss out on all the benefits of a package deal? Then check out the Ultimate Home Loan fixed rate packages on offer from 2019 Home Lender Bank of the Year Greater Bank. Although there’s a hefty $395 annual fee to consider, rock bottom interest rates and package discounts on insurance, bank account and credit cards, make this piece of plastic well worth the price tag. 

It’s no wonder this great value home loan package received two awards - in the Fixed Home Loan and Investor Fixed Home Loan categories - during the 2019 Mozo Experts Choice Awards.

Key features:

There are two slightly different fixed rate home loan packages on offer from Greater Bank, depending on how much you want to borrow and your LVR.  

The fixed rate Discount Ultimate Home Loan is available to owner occupiers borrowing $150,000 or more, up to 90% of the property’s value. Rates range from 2.79% (4.04% comparison rate)* for 1 year and 2.89% (3.91% comparison rate) for 3 years.

You can set up your Greater Bank Ultimate Home Loan so that you make weekly, fortnightly or monthly repayments, plus, you can also choose to split your loan between fixed and variable rates.

As far as features go, you’ll have a free online redraw facility to work with, but remember, to use this, you have to make extra repayments on your home loan, which will incur a fee.

And don’t forget about all the perks that come with a fixed rate Greater Bank home loan package. Link your credit card or everyday bank account to your home loan and forget about paying the annual credit card or account fee. Plus, cash in on discounts on a range of Greater Bank insurance products and a free financial planning consultation when you take out an Ultimate Home Loan Package.

Who it's good for:

With one of the best rates for a 5 year term, this fixed rate loan is perfect for those looking for long term security against rate rises, as well as some great package perks.

Any catches?

If you want to make extra repayments in order to pay your loan off quicker, you’ll pay a fee to do so. And remember, because this is a fixed rate loan, paying the entire balance off before the fixed term is up may incur heavy early break fees.

Details

Rates and fees information correct as at 19 February 2020. 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

  • 2.79% (4.04%*)

  • 2.89% (3.98%*)

  • 2.89% (3.91%*)

  • 2.99% (3.89%*)

  • 2.99% (3.84%*)

  • n/a

  • n/a

  • 3.71% p.a.

Fees

  • $0.00

  • n/a

  • $0.00

  • $180.00

  • n/a

  • $395.00 yearly

  • $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.

  • Fee free credit card and transaction account, insurance discounts.

  • 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 19 February 2020. 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

  • 2.89% (4.14%*)

  • 2.99% (4.08%*)

  • 2.99% (4.02%*)

  • 3.09% (3.99%*)

  • 3.09% (3.94%*)

  • n/a

  • n/a

  • 3.81% p.a.

Fees

  • $0.00

  • n/a

  • $0.00

  • $180.00

  • n/a

  • $395.00 yearly

  • $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.

  • Fee free credit card and transaction account, insurance discounts.

  • 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 19 February 2020. 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

  • 2.79% (4.04%*)

  • 2.89% (3.98%*)

  • 2.89% (3.92%*)

  • 2.99% (3.89%*)

  • 2.99% (3.84%*)

  • n/a

  • n/a

  • 3.71% p.a.

Fees

  • $0.00

  • n/a

  • $0.00

  • $180.00

  • n/a

  • $395.00 yearly

  • $300.00

Other financial bits

  • $40,000

  • none

  • none

  • 95.00%

Features

  • Weekly, Fortnightly, Monthly

  • yes - fee applies

  • none

  • yes

  • $0.00

  • yes

  • no

  • Legal fees charged at cost.

  • Fee free credit card and transaction account, insurance discounts.

  • 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 19 February 2020. 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

  • 2.89% (4.14%*)

  • 2.99% (4.08%*)

  • 2.99% (4.02%*)

  • 3.09% (3.99%*)

  • 3.09% (3.94%*)

  • n/a

  • n/a

  • 3.81% p.a.

Fees

  • $0.00

  • n/a

  • $0.00

  • $180.00

  • n/a

  • $395.00 yearly

  • $300.00

Other financial bits

  • $40,000

  • none

  • none

  • 95.00%

Features

  • Weekly, Fortnightly, Monthly

  • yes - fee applies

  • none

  • yes

  • $0.00

  • yes

  • no

  • Legal fees charged at cost.

  • Fee free credit card and transaction account, insurance discounts.

  • 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 19 February 2020. 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

  • 3.19% (4.42%*)

  • 3.14% (4.33%*)

  • 3.14% (4.25%*)

  • 3.39% (4.27%*)

  • 3.39% (4.22%*)

  • n/a

  • n/a

  • 4.09% p.a.

Fees

  • $0.00

  • n/a

  • $0.00

  • $180.00

  • n/a

  • $395.00 yearly

  • $300.00

Other financial bits

  • $40,000

  • none

  • none

  • 95.00%

Features

  • Weekly, Fortnightly, Monthly

  • yes - fee applies

  • none

  • yes

  • $0.00

  • yes

  • no

  • Legal fees charged at cost.

  • Fee free credit card and transaction account, insurance discounts.

  • 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 19 February 2020. 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

  • 3.29% (4.51%*)

  • 3.24% (4.43%*)

  • 3.24% (4.35%*)

  • 3.49% (4.36%*)

  • 3.49% (4.31%*)

  • n/a

  • n/a

  • 4.19% p.a.

Fees

  • $0.00

  • n/a

  • $0.00

  • $180.00

  • n/a

  • $395.00 yearly

  • $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.

  • Fee free credit card and transaction account, insurance discounts.

  • 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 217 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 Ultimate Home Loan (Fixed, Package)

  • Overall 8/10
    Good interest rates.

    I switched to Greater Bank as they had a low interest rate compared to other banks.

    Read full review

    I switched to Greater Bank as they had a low interest rate compared to other banks.

    Price
    8/10
    Features
    4/10
    Customer service
    7/10
    Convenience
    8/10
    Trust
    7/10
    Less
    Perihan, New South Wales reviewed 3 months ago
  • Overall 9/10
    Fantastic service

    Have always been very friendly and helpful. I got my first home loan there when a lot of other banks weren't interested and the service has never been less than fantastic. They have been very accomodating in working around my busy schedule for meetings etc. The redraw facility has been very useful and the website is so easy to use.

    Read full review

    Have always been very friendly and helpful. I got my first home loan there when a lot of other banks weren't interested and the service has never been less than fantastic. They have been very accomodating in working around my busy schedule for meetings etc. The redraw facility has been very useful and the website is so easy to use.

    Price
    9/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    6/10
    Trust
    10/10
    Less
    Juanita, New South Wales reviewed over 5 years ago
  • Overall 6/10
    xx

    xxx

    Read full review

    xxx

    Price
    7/10
    Features
    5/10
    Customer service
    7/10
    Convenience
    3/10
    Trust
    7/10
    Less
    Jennifer, New South Wales reviewed over 5 years ago
  • Overall 10/10
    Excellent customer service

    I like this bank because they care about the people and assist whenever required. They are very helpful when asking questions you always get friendly helpful response.

    Read full review

    I like this bank because they care about the people and assist whenever required. They are very helpful when asking questions you always get friendly helpful response.

    Price
    9/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    10/10
    Less
    Mozo community reviewer, New South Wales reviewed over 6 years ago
  • Overall 10/10
    Feels like home with amazing benefits

    I was a Area Manager with NAB For the past five years I was with the Greater prior to that but felt for credibility that I should transfer to NAB. I am now in a different role and have returned to the Greater. Virginia @Tamworth is fantastic to deal with and we love the brand and what it stands for. The Greater feels like home warm, safe, familar and respected as individuals....we love it. In this current ecomonic climate banks are still trying to run their business with high profits. Where The Greater looks at looking after customers and makes a small profit from volume and cross sell products that benefit the customer. I am so happy to be back.

    Read full review

    I was a Area Manager with NAB For the past five years I was with the Greater prior to that but felt for credibility that I should transfer to NAB. I am now in a different role and have returned to the Greater. Virginia @Tamworth is fantastic to deal with and we love the brand and what it stands for. The Greater feels like home warm, safe, familar and respected as individuals....we love it. In this current ecomonic climate banks are still trying to run their business with high profits. Where The Greater looks at looking after customers and makes a small profit from volume and cross sell products that benefit the customer. I am so happy to be back.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Mozo community reviewer, New South Wales reviewed over 6 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.

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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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