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Great Southern Bank

Fixed Rate

Advertised Rate

1.89

% p.a

Fixed - 2 years

Comparison Rate*

4.04

% p.a

Maximum LVR
95%
Real Time Rating™

2.25

/ 5
Monthly Repayment

$1,275

based on $350,000 loan amount for 30 years at 1.89%

Advertised Rate

1.89

% p.a

Fixed - 2 years

Comparison Rate*

4.04

% p.a

Maximum LVR
95%
Real Time Rating™

2.25

/ 5
Monthly Repayment

$1,275

based on $350,000 loan amount for 30 years at 1.89%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,275

based on $350,000 loan amount for 30 years at 1.89%

Quick home loan review

For Fixed Rate Home Loan (Principal and Interest) 2 Years

These are the benefits of this home loan.

  • Interest rates ranked in the best 20%
  • No ongoing fees
  • Suitable for low deposits
  • Parents can sign as guarantor
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • Limited extra repayments
  • No offset account
  • Loan reverts to higher rate after fixed period
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Fixed Rate Home Loan (Principal and Interest) 2 Years

Details

Maximum LVR

95%

Total Repayments

Next LVR

Interest rate type

Fixed - 2 years

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Yes - limited to $5000

Redraw facility

Redraw fee: $0

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

835

Application fee

600

Valuation fee

$0

Settlement fee

235

Other upfront fee

0

Ongoing fee

$0

Discharge fee

500

Application method

Online

Phone

Broker

In branch

Specials
  • Cashback A $2,000 contribution on your home loan deposit for eligible first home buyers.
    Apply for a Great Southern Bank Home Loan between 1 June and 31 December 2021 and receive a $2,000 towards your deposit. $600 establishment fee is waived.

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $10k to $5,000,000.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 95 percent, which means it requires a minimum deposit of 5 percent

What's the maximum length for this loan?

Great Southern Bank allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Great Southern Bank allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, 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 $835 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?

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