Greater Bank Home Loans

Read on to find out what Greater Bank offers in the home loans space, and how they stack up to the competition.

Lender
Advertised rate Comparison rate Monthly repayment Rate TypeOffsetRedrawOngoing FeeUpfront FeesLVRLump Sum RepaymentAdditional RepaymentsPre-approval

VariableMore details

Great Rate Variable Home Loan (New Customers) (NSW, ACT & QLD only)

VariableMore details

Great Rate Variable Home Loan (Interest Only) (New Customer)

VariableMore details

Great Rate Variable Investment Loan (New Customers) (Principal and Interest)

VariableMore details
LIMITED TIME OFFER

Smart Booster Home Loan Discounted Variable - 1yr

  • Fast turnaround times, can meet 30-day settlement
  • No ongoing fees
  • Extra repayments + redraw services
LIMITED TIME OFFER

Smart Booster Home Loan Discounted Variable - 1yr

  • Fast turnaround times, can meet 30-day settlement
  • No ongoing fees
  • Extra repayments + redraw services

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. Rates correct as of October 28, 2021. View disclaimer.

Considering other lenders? Compare Greater Bank’s home loans with these low-rate offers for owner occupiers:

Considering other lenders? Compare home loans with these low-rate offers for owner occupiers:

Lender
Advertised rate Comparison rate Monthly repayment Rate TypeOffsetRedrawOngoing FeeUpfront FeesLVRLump Sum RepaymentAdditional RepaymentsPre-approval

VariableMore details
LIMITED TIME OFFER

Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)

  • Fast turnaround times, can meet 30-day settlement
  • For purchase and refinance, min 20% deposit
  • No ongoing or monthly fees, add offset for 0.10%
LIMITED TIME OFFER

Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)

  • Fast turnaround times, can meet 30-day settlement
  • For purchase and refinance, min 20% deposit
  • No ongoing or monthly fees, add offset for 0.10%
FixedMore details
NO UPFRONT OR ONGOING FEES

Basic Home Loan Fixed (Principal and Interest) (LVR < 70%) 3 Years

NO UPFRONT OR ONGOING FEES
VariableMore details
100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES

Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)

  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments + redraw services
100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES

Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)

  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments + redraw services

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. Rates correct as of October 28, 2021. View disclaimer.

About Greater Bank

The first edition of Greater Bank was established in 1924 as the Newcastle and Hunter River Public Service Starr-Bowkett Building Co-operative Society Limited. The bank is a member of the Customer Owned Bank Association (COBA) and has undergone many name changes, most recently rebranding to Greater Bank in 2016 from the Greater Building Society, to better reflect its offerings to customers. Greater Bank has over $7 billion in assets, over 260,000 in customers, and is the sixth-largest customer-owned institution in Australia. The lender has branches located across NSW and South East QLD, including locations like Newcastle and the Hunter Valley, the Central Coast, the Illawarra, New England, Mid North Coast, North Coast and on the Gold Coast. It offers a wide range of products including home loans, personal loans, credit cards, savings accounts, term deposits, and insurance.

What home loans does Greater Bank offer?

Greater Bank offers home loans for home buyers, investors, refinancers and those looking to access their equity to buy or invest in a property.

Greater Bank home loan range

Greater Bank has a broad selection of home loan products to suit a broad range of buyers. Its key home loan products include:

  • Low rate home loan: A low rate home loan with an optional 100% offset account and no ongoing fees

  • Investment home loan: An investment loan with a competitive rate that also has no ongoing fees and an offset account

  • Fixed-rate home loan: A home loan for buyers who want the certainty of fixed repayments for up to five years

  • Interest-only home loan: An interest-only loan with no ongoing or annual fees

  • Low rate line of credit: A line of credit that gives you access to your existing equity to invest or for home improvements

  • Construction and land loans: Loans that can help you finance the construction of your loan or the purchase of land to build on.

  • Reverse mortgage: Reverse mortgages can help older homeowners access the wealth in their home.

Greater Bank home loan features

Greater Bank’s mortgages can come with a variety of useful home loan features:

  • 100% offset account: 100% of the funds in your account can offset your loan balance.

  • Redraw facility: Most home loans come with a free redraw facility, allowing borrowers to withdraw extra repayments they’ve made.

  • Flexible repayment schedule: You can make weekly, fortnightly or monthly repayments.

  • Interest-only option: Interest-only repayments are available for some loans (80% maximum LVR).

  • Split loans: you can split your loan between fixed and variable interest rates.

How to apply for an Greater Bank home loan

Eligibility criteria

To apply for a Greater Bank home loan, there are certain requirements you may have to meet:

  • You must be 18 years of age or older.

  • You must be a permanent Australian resident.

  • You must be employed or earning a steady income (can be self-employed).

  • You have not been declared bankrupt.

If you meet all the requirements, you can apply for a Greater Bank home loan online or apply over the phone by calling 1300 721 253 to book a chat with a lending specialist.

Documents needed

You will need to submit documents when applying for a Greater Bank home loan. Generally, the documents required may include:

  • Identification documents such as your driver’s license, passport or birth certificate

  • Proof of income documents such as your latest payslips and two years worth of personal and business tax returns for the self-employed.

  • Proof of other sources of income such as from rental income, superannuation, dividends, etc.

  • Information on current assets such as savings accounts and investments, and liabilities documents such as your other loan repayments.