Important disclosure
Line of Credit
Find your ideal home loan from one of the 1 home loans from Greater Bank
Principal and Interest (P&I)
Loan type | Loan to value ratio | Interest rate | Comparison rate |
---|
Interest only
Loan type | Loan 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.
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
$40k
-
$100m
|
Suitable for Line of Credit, Owner Occupiers | Loan term range 0 - 30 years |
Repayment type Interest only | Applicable states ACT, NSW, QLD |
Target Market Determination Visit Greater Bank to view Target Market Determination. |
Features
Extra repayments Unlimited | Redraw facility Redraw fee: $0 |
Offset account | 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 |
Legal fee $0 | Valuation fee $0 |
Settlement fee $180 | Other upfront fee $0 |
Ongoing fee $395 | Discharge fee $300 |
- 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.
FAQs
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