Greater Bank Ultimate Home Loan (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 investor taking out a principal & interest loan of at least $150,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan of at least $150,000 with an LVR below 70%

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

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $150,000

  • Investor (Interest Only)

    LVR < 70%

    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

3.72% p.a.

4.13% p.a.

$395.00 yearly

Greater Bank Ultimate Home Loan (Package)

3.72% p.a.

4.13% p.a.

$395.00 yearly

3.82% p.a.

4.22% p.a.

$395.00 yearly

Greater Bank Ultimate Home Loan (Package)

3.82% p.a.

4.22% p.a.

$395.00 yearly

4.28% p.a.

4.67% p.a.

$395.00 yearly

Greater Bank Ultimate Home Loan (Package)

4.28% p.a.

4.67% p.a.

$395.00 yearly

4.38% p.a.

4.77% p.a.

$395.00 yearly

Greater Bank Ultimate Home Loan (Package)

4.38% p.a.

4.77% p.a.

$395.00 yearly

4.25% p.a.

4.64% p.a.

$395.00 yearly

Greater Bank Ultimate Home Loan (Package)

4.25% p.a.

4.64% p.a.

$395.00 yearly

4.35% p.a.

4.74% p.a.

$395.00 yearly

Greater Bank Ultimate Home Loan (Package)

4.35% p.a.

4.74% p.a.

$395.00 yearly

4.43% p.a.

4.82% p.a.

$395.00 yearly

Greater Bank Ultimate Home Loan (Package)

4.43% p.a.

4.82% p.a.

$395.00 yearly

4.53% p.a.

4.92% p.a.

$395.00 yearly

Greater Bank Ultimate Home Loan (Package)

4.53% p.a.

4.92% p.a.

$395.00 yearly

Mozo Review   Greater Bank Ultimate Home Loan (Package) Review

Last updated: 17 September 2018.

What's hot:
  • Variable rates starting at just 3.72%

  • No upfront fees

  • Insurance discounts and fee-free transaction account and credit card

  • Mozo Experts Choice Awards Winner 2018

What's not:
  • $395 yearly service fee

Mozo snapshot:

If you’re in the market for a flexible, low rate home loan package, look no further than the Greater Bank Ultimate Home Loan variable rate package. Not only is this home loan a cost-effective option, packed full of money-saving features like fee-free extra repayments, a redraw facility and 100% offset account, but you’ll also save with discounts on your Greater Bank insurance policies, and no annual fees on your everyday bank account and credit card. 

You might also be happy to hear that Greater Bank was a multiple award winner in the 2018 Mozo Experts Choice Awards.

Key features:

Depending on how much you want to borrow, and how much you’ve saved for a deposit, there are two different variable rate Greater Bank home loan packages to choose from.

Borrowers after amounts higher than $150,000 and up to 90% of the property’s value can opt for the variable rate Discount Ultimate Home Loan, which for owner occupiers, comes with the low interest rate of 3.72%.

For homebuyers wanting to borrow up to 95% of the property’s value, starting from $40,000, the Ultimate Home Loan is a perfect fit. Borrowers planning to live in the home can snag a 4.25% interest rate, while investors will pay a slightly higher rate of 4.53%.

To pay your home loan off faster, you’ll also have use of a range of flexible features on your variable rate Ultimate Home Loan, including unlimited, fee-free extra repayments, free redraws, and a 100% offset account.

Plus, it wouldn’t be a home loan package without some killer bundling perks. When you take out a Greater Bank Ultimate Home Loan, you’ll also use your Greater Bank credit card without paying an annual fee, and park all the money you save using the flexible features in a fee-free everyday bank account. You can also cash in on discounts on your Greater Bank insurance policies and a free initial financial planning consultation.

To tailor your loan to your budget and schedule, choose monthly, fortnightly or weekly repayments, plus, choose between a principal and interest, or interest only loan.

Who it's good for:

Offering a bunch of package perks and a suite of money-saving features, the variable rate Ultimate Home Loan is a match for borrowers after a flexible, low rate home loan solution.

Any catches?

The low rates and 90% LVR on the Discount Ultimate Home Loan only apply to new loans - so if you’re refinancing, check out the great money-saving options available to you here.

Details

Rates and fees information correct as at 16 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
  • 3.72% p.a.

  • n/a

  • 0 Months

  • none

  • 4.13% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/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
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes

  • $0.00

  • yes

  • yes

  • 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 16 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
  • 3.82% p.a.

  • n/a

  • 0 Months

  • none

  • 4.22% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/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
  • Owner Occupier

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes

  • $0.00

  • yes

  • yes

  • 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 16 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
  • 4.28% p.a.

  • n/a

  • 0 Months

  • none

  • 4.67% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/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
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes

  • $0.00

  • yes

  • yes

  • 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 16 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
  • 4.38% p.a.

  • n/a

  • 0 Months

  • none

  • 4.77% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $395.00 yearly

  • $300.00

Other financial bits
  • $150,000

  • none

  • none

  • 70.00%

Features
  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes

  • $0.00

  • yes

  • yes

  • 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 16 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
  • 4.25% p.a.

  • n/a

  • 0 Months

  • none

  • 4.64% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/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
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes

  • $0.00

  • yes

  • yes

  • 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 16 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
  • 4.35% p.a.

  • n/a

  • 0 Months

  • none

  • 4.74% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/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
  • Owner Occupier

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes

  • $0.00

  • yes

  • yes

  • 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 16 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
  • 4.43% p.a.

  • n/a

  • 0 Months

  • none

  • 4.82% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/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
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes

  • $0.00

  • yes

  • yes

  • 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 16 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
  • 4.53% p.a.

  • n/a

  • 0 Months

  • none

  • 4.92% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/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
  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes

  • $0.00

  • yes

  • yes

  • 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 (Package)

  • Overall
    8/10
    Awesome

    The greater have lower fees and I just find them to be a really suitable bank.

    The greater have lower fees and I just find them to be a really suitable bank.

    Price
    8/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    7/10
    Trust
    8/10

    Jennifer | Queensland

    reviewed over 2 years ago

  • Overall
    10/10
    Great customer service

    Good friendly service, just like the old days.

    Good friendly service, just like the old days.

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

    David | New South Wales

    reviewed about 3 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.

See Greater Bank home loans

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3.68% p.a.

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3.82% p.a.

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3.54% p.a.

3.59% p.a.

$567

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3.74% p.a.
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4.01% p.a.

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Smart Loan Fixed (Package)

3.99% p.a.
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4.31% p.a.

$520

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3.99% p.a.
fixed 3 years

4.82% p.a.

$0

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Reward Me Fixed Rate Home Loan

3.87% p.a.
fixed 3 years

4.02% p.a.

$150

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Tailored Home Loan (Fixed, Choice Package)

3.99% p.a.
fixed 3 years

4.86% p.a.

$0

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Basic Home Loan (Fixed)

3.89% p.a.
fixed 3 years

3.91% p.a.

$0

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Fixed Rate Total Home Loan (Package)

3.83% p.a.
fixed 3 years

4.89% p.a.

$0

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Fixed Rate Home Loan

3.90% p.a.
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4.78% p.a.

$600

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3.64% p.a.

3.66% p.a.

$0.00

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3.59% p.a.

3.61% p.a.

$0.00

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3.68% p.a.

3.69% p.a.

$0.00

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3.59% p.a.

3.59% p.a.

$0.00

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3.65% p.a.

3.66% p.a.

$0.00

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3.68% p.a.

3.82% p.a.

$10.00 monthly

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3.49% p.a.

3.53% p.a.

$0.00

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Mystery Bank Deal

3.54% p.a.

3.60% 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.