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Greater Bank Ultimate Home Loan (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 investor taking out a principal & interest loan of at least $150,000 with an LVR below 80%

The details shown below are for an investor taking out a interest only loan of at least $150,000 with an LVR below 80%

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

  • Owner Occupier (Principal & Interest)

    LVR < 90%

    Loan: $150,000

  • Owner Occupier (Interest Only)

    LVR < 90%

    Loan: $150,000

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $150,000

  • Investor (Interest Only)

    LVR < 80%

    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 < 90%

    Loan: $40,000

Rate
2.99% p.a.
Comparison Rate
3.43% p.a.
Service fee
$395.00 yearly
Upfront fee
$180
Rate
3.09% p.a.
Comparison Rate
3.52% p.a.
Service fee
$395.00 yearly
Upfront fee
$180
Rate
3.09% p.a.
Comparison Rate
3.52% p.a.
Service fee
$395.00 yearly
Upfront fee
$180
Rate
3.19% p.a.
Comparison Rate
3.62% p.a.
Service fee
$395.00 yearly
Upfront fee
$180
Rate
4.21% p.a.
Comparison Rate
4.62% p.a.
Service fee
$395.00 yearly
Upfront fee
$180
Rate
4.31% p.a.
Comparison Rate
4.71% p.a.
Service fee
$395.00 yearly
Upfront fee
$180
Rate
4.59% p.a.
Comparison Rate
4.99% p.a.
Service fee
$395.00 yearly
Upfront fee
$180
Rate
4.69% p.a.
Comparison Rate
5.09% p.a.
Service fee
$395.00 yearly
Upfront fee
$180

Mozo editorial review Greater Bank Ultimate Home Loan (Package) - last updated: 16 June 2022

binocular icon
What's hot
  • Variable rates starting from 2.99% p.a. (3.42% p.a. comparison rate*)
  • Insurance and credit card discounts
  • 100% offset account
What's not
  • $395 yearly service fee
Mozo snapshot

If you’re in the market for a home loan package then cast your eyes over Greater Bank's Ultimate Home Loan (Package). Not only does this loan offer competitive variable rates, it's packed full of money-saving features like fee-free extra repayments, a 100% offset account and discounts on Greater Bank transaction accounts, credit cards and more.

key icon
Key features

The Greater Bank Ultimate Home Loan (Package) comes in a bunch of different variations depending on how much you want to borrow, your loan-to-value ratio (LVR), the type of repayments you want to make on your loan (principal and interest or interest-only) and the type of borrower you are (investor or owner occupier). That means there are plenty of options available to suit different borrowers, but these factors will also determine the variable interest rate you'll be able to get on your loan. Currently the lowest rates are: 

  • 2.99% p.a. (3.42% p.a. comparison rate*): For owner occupiers taking out a loan of at least $150,000 with an LVR of 90% or less. 
  • 3.09% p.a. (3.76% p.a. comparison rate*): For investors taking out a loan of at least $150,000 with an LVR of 80% or less. 

First home buyers may also appreciate the fact that they'll be able to access the loan with a deposit as low as (max. 90% LVR), though lenders mortgage insurance may be required with lower deposits.

Want to pay off your home loan off faster? You’ll have access to a range of flexible features with the Ultimate Home Loan (Package), including the ability to make extra repayments, redraws, and the use of a 100% offset account. And to tailor your loan to your budget, you can choose between monthly, fortnightly or weekly repayments. 

And it wouldn’t be much of a packaged loan without some extra perks. When you take out a Greater Bank Ultimate Home Loan (Package) you’ll be able to snag an eligible Greater Bank credit card or bank account without paying an annual fee, plus you'll be able to access discounts on home and contents insurance policies.


snapshot
Who is it good for

Offering a bunch of package perks, a suite of potentially money-saving features and some competitive variable rates, the Ultimate Home Loan (Package) could be a match for borrowers after a feature-rich home loan.

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Any catches

This loan isn't without its costs. The major one is the $395 annual service fee, but there are also one-off settlement ($180) and discharge fees ($300).

Details

Rates and fees information correct as at 2 July 2022. 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

2.99% p.a.

n/a

n/a

n/a

3.43% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/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

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$0.00

yes

yes

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 2 July 2022. 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

3.09% p.a.

n/a

n/a

n/a

3.52% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/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

Owner Occupier

Interest Only

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$0.00

yes

yes

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 2 July 2022. 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

3.09% p.a.

n/a

n/a

n/a

3.52% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

n/a

$0.00

$180.00

n/a

$395.00 yearly

$300.00

Other financial bits

$150,000

none

none

80.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$0.00

yes

yes

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 2 July 2022. 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

3.19% p.a.

n/a

n/a

n/a

3.62% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

n/a

$0.00

$180.00

n/a

$395.00 yearly

$300.00

Other financial bits

$150,000

none

none

80.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$0.00

yes

yes

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 2 July 2022. 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

4.21% p.a.

n/a

n/a

n/a

4.62% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/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

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$0.00

yes

yes

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 2 July 2022. 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

4.31% p.a.

n/a

n/a

n/a

4.71% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/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

Owner Occupier

Interest Only

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$0.00

yes

yes

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 2 July 2022. 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

4.59% p.a.

n/a

n/a

n/a

4.99% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/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

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$0.00

yes

yes

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 2 July 2022. 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

4.69% p.a.

n/a

n/a

n/a

5.09% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/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

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$0.00

yes

yes

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.

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Latest reviews of Greater Bank Ultimate Home Loan (Package)

About Greater Bank

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.