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- Ultimate Line of Credit Home Loan (NSW, ACT & QLD only)
Line of Credit
- Cashback
- Owner Occupied
- Variable
- 20% min deposit
- Interest Only
Get up to $3,000 cashback T&Cs apply.
~ Ends in about 1 month$2,000 cashback for loans ≥$250,000 with LVR of less than or equal to 80%, or $3,000 cashback for loans ≥$500,000 with LVR of less than or equal to 80%,. Applications must be submitted by 31/05/2024 and funded by 31/08/2024. T&Cs apply.
Interest rate p.a.
8.10%
Comparison rate* p.a.
Line of Credit
- Cashback
- Owner Occupied
- Variable
- 20% min deposit
- Interest Only
Interest rate p.a.
8.10%
Comparison rate* p.a.
Calculate your repayments for this loan
Your estimated repayment
$3,375
based on 500000 loan amount for 25 years at 8.1%
Monthly Repayment
$3,375
Total interest
$1,215,000
Total payments
$1,215,000
Start date
04-2024
End date
04-2049
Pros and Cons
For Line of Credit
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
Greater Bank Variable Rate Home Loan overview
For Ultimate Line of Credit Home Loan (NSW, ACT & QLD only)
Details
Maximum LVR
80%
Total repayments
$1,215,000
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
Repayment options
Fortnightly, Weekly
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
