Important disclosure

Greater Bank

Line of Credit

  • Owner Occupied
  • Variable
  • 20% min deposit
  • Interest Only

Cashback

Get up to $3,000 cashback T&Cs apply.
~ Ends in 2 months

For eligible owner-occupied and investment home loans, paid into your account. T&Cs apply.

Interest Rate

8.10%

p.a

Comparison Rate*

Not Applicable

Real Time Rating™
Tags
  • Owner Occupied
  • Variable
  • 20% min deposit
  • Interest Only
Interest Rate

8.10%

p.a

Comparison Rate*

Not Applicable

ly Repayment

$0

based on $500,000 loan amount for 25 years at 8.1%

Line of Credit

Find your ideal home loan from one of the 1 home loans from Greater Bank

Principal and Interest (P&I)

Loan typeLoan to value ratio
Interest rate
Comparison rate

Interest only

Loan typeLoan to value ratio
Interest rate
Comparison rate
Variable
Up to 80%

8.10% p.a.

- p.a.

Product Info

Greater Bank home loans are available through brokers who can help find the right loan and manage your application at no charge.

Azm Khan

NSW, 2150

Customer Representative Number: 463273

Greater Bank Variable Rate Home loan overview

For Ultimate Line of Credit Home Loan (NSW, ACT & QLD only)

Details

Maximum LVR

80%

Total Repayments

Interest rate type

Variable

Borrowing range

Suitable for

Line of Credit, Owner Occupiers

Loan term range

0 - 30 years

Repayment type

Interest only

Applicable states

ACT, NSW, QLD

Repayment options

Fortnightly, Weekly

Target Market Determination

Visit Greater Bank to view Target Market Determination.

Features

Extra repayments

Unlimited

Redraw facility

Redraw fee: $0

Split interest facility

Loan portability

Repayment holiday available

Allow guarantors

Available for first home buyers

Other benefits

Fees

Total estimated upfront fees

$180

Application fee

$0

Valuation fee

$0

Settlement fee

$180

Other upfront fee

$0

Ongoing fee

$395

Discharge fee

$300

Specials
  • Cashback Get up to $3,000 cashback T&Cs apply.
    For eligible owner-occupied and investment home loans, paid into your account. T&Cs apply.

Pros and cons

For Ultimate Line of Credit Home Loan (NSW, ACT & QLD only)

Benefits

  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

Drawbacks

  • No offset account
  • Higher than average interest rate
  • Ongoing fee
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

How to apply

If you'd like to apply for this home loan or just get more information, follow the application process to speak to an Greater Bank mortgage specialist.

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $40k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 80 percent, which means it requires a minimum deposit of 20 percent

What's the maximum length for this loan?

Greater Bank allows you to have this loan for a range of 0 to 30 years.

How often can you make repayments?

Greater Bank allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $180 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Where can you apply for this loan?

Greater Bank makes it possible to apply for this product online. Apply here.

Can a broker help me with this loan?

Yes, this Greater Bank loan is available through a broker. Find a broker to help you with your needs.