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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 80%

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 85%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 90%

    Loan: $150,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    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 < 85%

    Loan: $40,000

Rate
2.75% p.a.
Comparison Rate
3.19% p.a.
Service fee
$395.00 yearly
Upfront fee
$180
Rate
2.85% p.a.
Comparison Rate
3.29% p.a.
Service fee
$395.00 yearly
Upfront fee
$180
Rate
2.79% p.a.
Comparison Rate
3.23% p.a.
Service fee
$395.00 yearly
Upfront fee
$180
Rate
2.89% p.a.
Comparison Rate
3.33% p.a.
Service fee
$395.00 yearly
Upfront fee
$180
Rate
3.46% p.a.
Comparison Rate
3.88% p.a.
Service fee
$395.00 yearly
Upfront fee
$180
Rate
3.56% p.a.
Comparison Rate
3.98% p.a.
Service fee
$395.00 yearly
Upfront fee
$180
Rate
3.84% p.a.
Comparison Rate
4.25% p.a.
Service fee
$395.00 yearly
Upfront fee
$180
Rate
3.94% p.a.
Comparison Rate
4.35% p.a.
Service fee
$395.00 yearly
Upfront fee
$180

Mozo editorial review Greater Bank Ultimate Home Loan (Package) - last updated: 24 August 2021

binocular icon
What's hot
  • Variable rates starting from 2.75% (3.18% 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 flexible, low rate home loan package, look no further than Greater Bank's Ultimate Home Loan  (Package). Not only could this home loan be a cost-effective option given it's competitive variable rate, it's also packed full of money-saving features like fee-free extra repayments and a 100% offset account. You’ll also be able to save with discounts on your Greater Bank insurance policies, plus fee waivers on eligible transaction accounts and credit cards.

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: 

  • 2.75% (3.18% comparison rate*): Available to owner occupiers taking out a loan of at least $150,000 with an LVR of 90% or less. 
  • 2.79% (3.46% comparison rate*): Available to investors taking out a loan of at least $150,000 with an LVR of 80% or less. 

There are also options for first home buyers with lower deposits (max. 90% LVR), though these offers incur higher rates and will likely necessitate the borrower taking out lenders mortgage insurance.

Want to pay off your home loan off faster? You’ll have access to a range of flexible features with the variable rate 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 home loan package 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 without paying an annual fee, plus you'll get 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 solution.

question icon
Any catches

This loan isn't without its costs. The major one is the $396 annual service fee, but there are also one-off settlement ($180) and discharge fees ($300).

Details

Rates and fees information correct as at 22 September 2021. 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

2.75% p.a.

n/a

n/a

n/a

3.19% 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 22 September 2021. 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

2.85% p.a.

n/a

n/a

n/a

3.29% 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

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 22 September 2021. 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

2.79% p.a.

n/a

n/a

n/a

3.23% 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 22 September 2021. 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

2.89% p.a.

n/a

n/a

n/a

3.33% 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 22 September 2021. 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

3.46% p.a.

n/a

n/a

n/a

3.88% 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 22 September 2021. 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

3.56% p.a.

n/a

n/a

n/a

3.98% 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 22 September 2021. 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

3.84% p.a.

n/a

n/a

n/a

4.25% 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 22 September 2021. 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

3.94% p.a.

n/a

n/a

n/a

4.35% 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

85.00%

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.