Greater Bank Ultimate Home Loan (Fixed, Package)

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 70%

Choose the version of 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 < 70%

    Loan: $40,000

3.84% p.a.

4.54% p.a.

$395.00 yearly

Greater Bank Ultimate Home Loan (Fixed, Package)

3.84% p.a.

4.54% p.a.

$395.00 yearly

3.94% p.a.

4.63% p.a.

$395.00 yearly

Greater Bank Ultimate Home Loan (Fixed, Package)

3.94% p.a.

4.63% p.a.

$395.00 yearly

4.04% p.a.

4.59% p.a.

$395.00 yearly

Greater Bank Ultimate Home Loan (Fixed, Package)

4.04% p.a.

4.59% p.a.

$395.00 yearly

4.14% p.a.

4.69% p.a.

$395.00 yearly

Greater Bank Ultimate Home Loan (Fixed, Package)

4.14% p.a.

4.69% p.a.

$395.00 yearly

4.14% p.a.

4.74% p.a.

$395.00 yearly

Greater Bank Ultimate Home Loan (Fixed, Package)

4.14% p.a.

4.74% p.a.

$395.00 yearly

4.24% p.a.

4.84% p.a.

$395.00 yearly

Greater Bank Ultimate Home Loan (Fixed, Package)

4.24% p.a.

4.84% p.a.

$395.00 yearly

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

Last updated: 25 June 2018.

What's hot:
  • No application fee

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

  • Mozo Experts Choice Awards Winner 2018

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 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 an award in the Fixed Home Loan category in the 2018 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 3.49% for 1 year, 3.69% for 2 years, 3.84% for 3 years and 3.99% for 4 and 5 years.

The Ultimate Home Loan, on the other hand, is for borrowers after amounts starting from $40,000, with an LVR of up to 95%. Customers can expect fixed rates of 3.69% for 1 year, 3.89% for 2 years, 4.04% for 3 years and 4.19% for 4 and 5 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 17 November 2018. 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
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 3.49% (4.57%*)

  • 3.69% (4.54%*)

  • 3.84% (4.54%*)

  • 3.99% (4.56%*)

  • 3.99% (4.54%*)

  • (*)

  • (*)

  • 4.25% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $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

  • none

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

*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 17 November 2018. 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
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 3.59% (4.67%*)

  • 3.79% (4.64%*)

  • 3.94% (4.63%*)

  • 4.09% (4.65%*)

  • 4.09% (4.64%*)

  • (*)

  • (*)

  • 4.35% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $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

  • none

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

*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 17 November 2018. 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
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 3.69% (4.59%*)

  • 3.89% (4.58%*)

  • 4.04% (4.59%*)

  • 4.19% (4.62%*)

  • 4.19% (4.62%*)

  • (*)

  • (*)

  • 4.25% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $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

  • none

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

*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 17 November 2018. 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
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 3.79% (4.69%*)

  • 3.99% (4.68%*)

  • 4.14% (4.69%*)

  • 4.29% (4.72%*)

  • 4.29% (4.72%*)

  • (*)

  • (*)

  • 4.35% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $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

  • none

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

*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 17 November 2018. 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
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.09% (4.79%*)

  • 4.09% (4.76%*)

  • 4.14% (4.74%*)

  • 4.35% (4.79%*)

  • 4.39% (4.80%*)

  • (*)

  • (*)

  • 4.43% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $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

  • none

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

*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 17 November 2018. 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
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.19% (4.89%*)

  • 4.19% (4.86%*)

  • 4.24% (4.84%*)

  • 4.45% (4.89%*)

  • 4.49% (4.90%*)

  • (*)

  • (*)

  • 4.53% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • $300.00

Other financial bits
  • $40,000

  • none

  • none

  • 70.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - fee applies

  • none

  • yes

  • $0.00

  • yes

  • no

  • none

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

*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
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
    9/10
    Fantastic service

    Have always been very friendly and helpful. I got my first home loan there when a lot of other...

    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

    Juanita | New South Wales

    reviewed over 4 years ago

  • Overall
    6/10
    xx

    xxx

    xxx

    Price
    7/10
    Features
    5/10
    Customer service
    7/10
    Convenience
    3/10
    Trust
    7/10

    Jennifer | New South Wales

    reviewed over 4 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...

    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

    Name not supplied | New South Wales

    reviewed about 5 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...

    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

    Name not supplied | New South Wales

    reviewed about 5 years ago

  • Overall
    2/10
    Poor service - average rates, American Comic?????

    Poor Service once you have the loan customer service goes out the door.they are more worried...

    Poor Service once you have the loan customer service goes out the door.they are more worried about their American Comedian than their customers.

    Price
    4/10
    Features
    1/10
    Customer service
    2/10
    Convenience
    7/10
    Trust
    -1/10

    Greg | New South Wales

    reviewed about 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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3.99% p.a.
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4.31% p.a.

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3.99% p.a.
fixed 3 years

4.82% p.a.

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3.87% p.a.
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4.02% p.a.

$150

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3.99% p.a.
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4.86% p.a.

$0

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3.91% p.a.

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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.