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 3.74%.
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 4.16% interest rate, while investors will pay a slightly higher rate of 4.44%.
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.
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.