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Greater Bank Ultimate Home Loan (Fixed, Package)

Advertiser disclosure

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 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 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 < 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 < 85%

    Loan: $40,000

Fixed 3 year rate
1.99% p.a.
Comparison Rate
3.51% p.a.
Service fee
$395.00 yearly
Upfront fee
$180
Fixed 3 year rate
2.09% p.a.
Comparison Rate
3.61% p.a.
Service fee
$395.00 yearly
Upfront fee
$180
Fixed 3 year rate
1.99% p.a.
Comparison Rate
3.52% p.a.
Service fee
$395.00 yearly
Upfront fee
$180
Fixed 3 year rate
2.09% p.a.
Comparison Rate
3.61% p.a.
Service fee
$395.00 yearly
Upfront fee
$180
Fixed 3 year rate
2.39% p.a.
Comparison Rate
3.89% p.a.
Service fee
$395.00 yearly
Upfront fee
$180
Fixed 3 year rate
2.49% p.a.
Comparison Rate
3.98% p.a.
Service fee
$395.00 yearly
Upfront fee
$180

Mozo editorial review Greater Bank Ultimate Home Loan (Fixed, Package)

Last updated: 9 February 2021.

binocular icon
What's hot
  • No annual fee on your Everyday bank account and credit card
  • No application fee
  • 1.69% one year fixed rate (3.72%* comparison rate)
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.

key icon
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 1.69% (3.72% comparison rate)* for 1 year and 1.99% (3.51% comparison rates) 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.

snapshot
Who is it 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.

question icon
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 8 March 2021. 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

  • 1.69% (3.72%*)

  • 1.89% (3.61%*)

  • 1.99% (3.51%*)

  • 2.09% (3.43%*)

  • 2.19% (3.38%*)

  • n/a

  • n/a

  • 3.46% 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 8 March 2021. 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

  • 1.79% (3.82%*)

  • 1.99% (3.71%*)

  • 2.09% (3.61%*)

  • 2.19% (3.54%*)

  • 2.29% (3.48%*)

  • n/a

  • n/a

  • 3.56% 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 8 March 2021. 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

  • 1.69% (3.73%*)

  • 1.89% (3.61%*)

  • 1.99% (3.52%*)

  • 2.09% (3.44%*)

  • 2.19% (3.39%*)

  • n/a

  • n/a

  • 3.46% 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

  • 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 8 March 2021. 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

  • 1.79% (3.82%*)

  • 1.99% (3.71%*)

  • 2.09% (3.61%*)

  • 2.19% (3.54%*)

  • 2.29% (3.48%*)

  • n/a

  • n/a

  • 3.56% 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

  • 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 8 March 2021. 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

  • 2.19% (4.10%*)

  • 2.29% (3.98%*)

  • 2.39% (3.89%*)

  • 2.59% (3.85%*)

  • 2.49% (3.72%*)

  • n/a

  • n/a

  • 3.84% 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

  • 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 8 March 2021. 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

  • 2.29% (4.20%*)

  • 2.39% (4.08%*)

  • 2.49% (3.98%*)

  • 2.69% (3.94%*)

  • 2.59% (3.82%*)

  • n/a

  • n/a

  • 3.94% 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
8.7/10
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)

Thumbnail icon for 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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2.19% p.a.

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UHomeLoan - Discount Offer

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2.34% p.a.

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AcceleRATES Variable Home Loan

2.19% p.a.

2.19% p.a.

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Variable Home Loan (Premium Plus Package)

2.94% p.a.

3.34% p.a.

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Neat Home Loan

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2.76% p.a.

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2.49% p.a.

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fixed 3 years

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Basic Home Loan (Fixed)

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UHomeLoan (Fixed)

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fixed 3 years

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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.