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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 $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% $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: $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
Fixed 3 year rate
5.79% p.a.
Comparison Rate
7.46% p.a.
Service fee
$395.00 yearly
Upfront fee
$180
Fixed 3 year rate
5.89% p.a.
Comparison Rate
7.56% p.a.
Service fee
$395.00 yearly
Upfront fee
$180
Fixed 3 year rate
5.89% p.a.
Comparison Rate
7.75% p.a.
Service fee
$395.00 yearly
Upfront fee
$180
Fixed 3 year rate
5.99% p.a.
Comparison Rate
7.84% p.a.
Service fee
$395.00 yearly
Upfront fee
$180

Mozo editorial review Greater Bank Ultimate Home Loan (Fixed, Package) - last updated: 12 June 2024

binocular icon
What's hot
  • No annual fee on your Everyday bank account and credit card
  • No application fee
  • 5.99% p.a. one year fixed rate (7.82% p.a. 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 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

Competitive rates make this offer a standout, with loans ranging from 5.79% p.a. (7.46% p.a. comparison rate*) for 3 year terms to 5.99% p.a. (7.82% p.a. comparison rate*) for 1 year terms. 

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.

This loan also comes with a $2,000 cashback offer for loans more than/or equal to $250,000 with LVR <80%, or $2,500 cashback for loans more than/or equal to $500,000 with LVR <80% (applications submitted from 01/06/2024 and funded within 90 days from approval).

snapshot
Who is it good for

With some of the lowest rates around for 1, 2 and 3-year fixed terms for owner occupiers, the Ultimate Home Loan (Package) could be perfect for those looking for short 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 16 July 2024. 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

5.99% (7.83%*)

5.89% (7.64%*)

5.79% (7.46%*)

5.84% (7.33%*)

5.84% (7.20%*)

n/a

n/a

7.66% 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 - free

$0.00

yes

no

Legal fees charged at cost.

Fee free credit card and transaction account, insurance discounts.

$2,000 cashback for loans more than of equal to $250,000 with LVR <80%, or $2,500 cashback for loans more than or equal to $500,000 with LVR <80%. Applications from 1 June 2024, loan must be drawn down within 90 days from approval.

^See information about the Mozo Expert Choice Home Loans Awards

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 16 July 2024. 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

6.09% (7.93%*)

5.99% (7.74%*)

5.89% (7.56%*)

5.94% (7.43%*)

5.94% (7.30%*)

n/a

n/a

7.76% 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 - free

$0.00

yes

no

Legal fees charged at cost.

Fee free credit card and transaction account, insurance discounts.

$2,000 cashback for loans more than of equal to $250,000 with LVR <80%, or $2,500 cashback for loans more than or equal to $500,000 with LVR <80%. Applications from 1 June 2024, loan must be drawn down within 90 days from approval.

^See information about the Mozo Expert Choice Home Loans Awards

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 16 July 2024. 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

6.09% (8.17%*)

5.99% (7.96%*)

5.89% (7.75%*)

5.94% (7.59%*)

5.94% (7.44%*)

n/a

n/a

8.04% 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 - free

$0.00

yes

no

Legal fees charged at cost.

Fee free credit card and transaction account, insurance discounts.

$2,000 cashback for loans more than of equal to $250,000 with LVR <80%, or $2,500 cashback for loans more than or equal to $500,000 with LVR <80%. Applications from 1 June 2024, loan must be drawn down within 90 days from approval.

^See information about the Mozo Expert Choice Home Loans Awards

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 16 July 2024. 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

6.19% (8.27%*)

6.09% (8.05%*)

5.99% (7.84%*)

6.04% (7.69%*)

6.04% (7.54%*)

n/a

n/a

8.14% 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 - free

$0.00

yes

no

Legal fees charged at cost.

Fee free credit card and transaction account, insurance discounts.

$2,000 cashback for loans more than of equal to $250,000 with LVR <80%, or $2,500 cashback for loans more than or equal to $500,000 with LVR <80%. Applications from 1 June 2024, loan must be drawn down within 90 days from approval.

^See information about the Mozo Expert Choice Home Loans Awards

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
Based on 232 Greater Bank home loan reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Latest reviews of Greater Bank Ultimate Home Loan (Fixed, Package)

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6.14% p.a.

6.39% 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.

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