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Greater Bank
Since 1945, Greater Bank has been helping Australians build better financial futures. As a member-owned and member-run mutual bank, all profits are reinvested into the business, which means Greater Bank customers can enjoy better value products and services.
Greater Bank’s roots are firmly planted in community, with a percentage of profits put towards supporting each branch’s local community.
With over 250,000 customers and more than 700 staff, Greater Bank makes customer support a priority. Greater Bank has won numerous awards including the Building Society of the Year, Asia-Pacific Banking & Finance Building Society of the Year and Smart Investor Blue Ribbon Awards Building Society of the Year.
Note: Greater Bank home loans are only available for properties in NSW, ACT and QLD.
Greater Bank home loan repayment calculator
Thinking about taking out a home loan with Greater Bank? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Greater Bank home loans compare with other options.
Your estimated mortgage repayments
at interest rate 1.69%
Total interest payable
$0
Total loan repayments
$0
Pros and cons
- Award-winning customer service
- Opportunity to bundle the loan with other financial products
- Flexible loan options
- Competitive interest rates
- No low doc option
- Only available for properties in NSW, ACT and QLD
Greater Bank home loans rates
Advertised Rate  2.49 % p.a Variable | Total estimated upfront fees $0 | Comparison Rate* 2.60 % p.a | Ongoing fee $0 | Go to site | More details | |
Advertised Rate 2.59 % p.a Variable | Total estimated upfront fees $0 | Comparison Rate* 2.60 % p.a | Ongoing fee $0 | Go to site | More details | |
Product | Advertised Rate 2.79 % p.a Variable | Total estimated upfront fees $0 | Comparison Rate* 2.80 % p.a | Ongoing fee $0 | Go to site | More details |
Product | Advertised Rate 2.89 % p.a Variable | Total estimated upfront fees $0 | Comparison Rate* 2.90 % p.a | Ongoing fee $0 | Go to site | More details |
Advertised Rate 1.99 % p.a Fixed - 3 years | Total estimated upfront fees $0 | Comparison Rate* 3.25 % p.a | Ongoing fee $0 | Go to site | More details | |
Advertised Rate 2.09 % p.a Fixed - 3 years | Total estimated upfront fees $0 | Comparison Rate* 3.27 % p.a | Ongoing fee $0 | Go to site | More details | |
Advertised Rate 2.85 % p.a Variable | Total estimated upfront fees $0 | Comparison Rate* 3.28 % p.a | Ongoing fee $395 annually | Go to site | More details | |
Advertised Rate 2.69 % p.a Fixed - 5 years | Total estimated upfront fees $0 | Comparison Rate* 3.29 % p.a | Ongoing fee $0 | Go to site | More details | |
Advertised Rate 2.59 % p.a Fixed - 4 years | Total estimated upfront fees $0 | Comparison Rate* 3.32 % p.a | Ongoing fee $0 | Go to site | More details | |
Advertised Rate 2.79 % p.a Fixed - 5 years | Total estimated upfront fees $0 | Comparison Rate* 3.32 % p.a | Ongoing fee $0 | Go to site | More details | |
Advertised Rate 1.79 % p.a Fixed - 2 years | Total estimated upfront fees $0 | Comparison Rate* 3.35 % p.a | Ongoing fee $0 | Go to site | More details | |
Advertised Rate 2.69 % p.a Fixed - 4 years | Total estimated upfront fees $0 | Comparison Rate* 3.35 % p.a | Ongoing fee $0 | Go to site | More details | |
Advertised Rate 1.89 % p.a Fixed - 2 years | Total estimated upfront fees $0 | Comparison Rate* 3.36 % p.a | Ongoing fee $0 | Go to site | More details | |
Advertised Rate 2.95 % p.a Variable | Total estimated upfront fees $0 | Comparison Rate* 3.38 % p.a | Ongoing fee $395 annually | Go to site | More details | |
Product | Advertised Rate 2.99 % p.a Variable | Total estimated upfront fees $0 | Comparison Rate* 3.42 % p.a | Ongoing fee $395 annually | Go to site | More details |
Advertised Rate 1.69 % p.a Fixed - 1 year | Total estimated upfront fees $0 | Comparison Rate* 3.49 % p.a | Ongoing fee $0 | Go to site | More details | |
Advertised Rate 1.79 % p.a Fixed - 1 year | Total estimated upfront fees $0 | Comparison Rate* 3.50 % p.a | Ongoing fee $0 | Go to site | More details | |
Advertised Rate 1.99 % p.a Fixed - 3 years | Total estimated upfront fees $0 | Comparison Rate* 3.51 % p.a | Ongoing fee $395 annually | Go to site | More details | |
Product | Advertised Rate 3.09 % p.a Variable | Total estimated upfront fees $0 | Comparison Rate* 3.52 % p.a | Ongoing fee $395 annually | Go to site | More details |
Advertised Rate 2.09 % p.a Fixed - 3 years | Total estimated upfront fees $0 | Comparison Rate* 3.54 % p.a | Ongoing fee $395 annually | Go to site | More details | |
Advertised Rate 2.69 % p.a Fixed - 5 years | Total estimated upfront fees $0 | Comparison Rate* 3.57 % p.a | Ongoing fee $395 annually | Go to site | More details | |
Product | Advertised Rate 2.19 % p.a Fixed - 3 years | Total estimated upfront fees $0 | Comparison Rate* 3.58 % p.a | Ongoing fee $0 | Go to site | More details |
Advertised Rate 1.79 % p.a Fixed - 2 years | Total estimated upfront fees $0 | Comparison Rate* 3.59 % p.a | Ongoing fee $395 annually | Go to site | More details | |
Advertised Rate 2.59 % p.a Fixed - 4 years | Total estimated upfront fees $0 | Comparison Rate* 3.59 % p.a | Ongoing fee $395 annually | Go to site | More details | |
Product | Advertised Rate 2.29 % p.a Fixed - 3 years | Total estimated upfront fees $0 | Comparison Rate* 3.60 % p.a | Ongoing fee $0 | Go to site | More details |
Advertised Rate 1.89 % p.a Fixed - 2 years | Total estimated upfront fees $0 | Comparison Rate* 3.61 % p.a | Ongoing fee $395 annually | Go to site | More details | |
Advertised Rate 2.79 % p.a Fixed - 5 years | Total estimated upfront fees $0 | Comparison Rate* 3.62 % p.a | Ongoing fee $395 annually | Go to site | More details | |
Advertised Rate 2.69 % p.a Fixed - 4 years | Total estimated upfront fees $0 | Comparison Rate* 3.63 % p.a | Ongoing fee $395 annually | Go to site | More details | |
Product | Advertised Rate 2.99 % p.a Fixed - 5 years | Total estimated upfront fees $0 | Comparison Rate* 3.63 % p.a | Ongoing fee $0 | Go to site | More details |
Product | Advertised Rate 2.89 % p.a Fixed - 4 years | Total estimated upfront fees $0 | Comparison Rate* 3.67 % p.a | Ongoing fee $0 | Go to site | More details |
Product | Advertised Rate 3.09 % p.a Fixed - 5 years | Total estimated upfront fees $0 | Comparison Rate* 3.67 % p.a | Ongoing fee $0 | Go to site | More details |
Advertised Rate 3.66 % p.a Variable | Total estimated upfront fees $0 | Comparison Rate* 3.67 % p.a | Ongoing fee $0 | Go to site | More details | |
Product | Advertised Rate 1.99 % p.a Fixed - 2 years | Total estimated upfront fees $0 | Comparison Rate* 3.69 % p.a | Ongoing fee $0 | Go to site | More details |
Product | Advertised Rate 2.09 % p.a Fixed - 2 years | Total estimated upfront fees $0 | Comparison Rate* 3.70 % p.a | Ongoing fee $0 | Go to site | More details |
Product | Advertised Rate 2.99 % p.a Fixed - 4 years | Total estimated upfront fees $0 | Comparison Rate* 3.70 % p.a | Ongoing fee $0 | Go to site | More details |
Advertised Rate 1.69 % p.a Fixed - 1 year | Total estimated upfront fees $0 | Comparison Rate* 3.72 % p.a | Ongoing fee $395 annually | Go to site | More details | |
Advertised Rate 1.79 % p.a Fixed - 1 year | Total estimated upfront fees $0 | Comparison Rate* 3.73 % p.a | Ongoing fee $395 annually | Go to site | More details | |
Advertised Rate 3.76 % p.a Variable | Total estimated upfront fees $0 | Comparison Rate* 3.77 % p.a | Ongoing fee $0 | Go to site | More details | |
Product | Advertised Rate 2.19 % p.a Fixed - 3 years | Total estimated upfront fees $0 | Comparison Rate* 3.83 % p.a | Ongoing fee $395 annually | Go to site | More details |
Product | Advertised Rate 1.89 % p.a Fixed - 1 year | Total estimated upfront fees $0 | Comparison Rate* 3.85 % p.a | Ongoing fee $0 | Go to site | More details |
Product | Advertised Rate 1.99 % p.a Fixed - 1 year | Total estimated upfront fees $0 | Comparison Rate* 3.86 % p.a | Ongoing fee $0 | Go to site | More details |
Advertised Rate 3.46 % p.a Variable | Total estimated upfront fees $0 | Comparison Rate* 3.88 % p.a | Ongoing fee $395 annually | Go to site | More details | |
Product | Advertised Rate 2.99 % p.a Fixed - 5 years | Total estimated upfront fees $0 | Comparison Rate* 3.91 % p.a | Ongoing fee $395 annually | Go to site | More details |
Product | Advertised Rate 1.99 % p.a Fixed - 2 years | Total estimated upfront fees $0 | Comparison Rate* 3.92 % p.a | Ongoing fee $395 annually | Go to site | More details |
Product | Advertised Rate 2.29 % p.a Fixed - 3 years | Total estimated upfront fees $0 | Comparison Rate* 3.93 % p.a | Ongoing fee $395 annually | Go to site | More details |
Product | Advertised Rate 2.89 % p.a Fixed - 4 years | Total estimated upfront fees $0 | Comparison Rate* 3.94 % p.a | Ongoing fee $395 annually | Go to site | More details |
Advertised Rate 3.56 % p.a Variable | Total estimated upfront fees $0 | Comparison Rate* 3.98 % p.a | Ongoing fee $395 annually | Go to site | More details | |
Product | Advertised Rate 3.09 % p.a Fixed - 5 years | Total estimated upfront fees $0 | Comparison Rate* 4.01 % p.a | Ongoing fee $395 annually | Go to site | More details |
Product | Advertised Rate 2.09 % p.a Fixed - 2 years | Total estimated upfront fees $0 | Comparison Rate* 4.02 % p.a | Ongoing fee $395 annually | Go to site | More details |
Product | Advertised Rate 2.99 % p.a Fixed - 4 years | Total estimated upfront fees $0 | Comparison Rate* 4.04 % p.a | Ongoing fee $395 annually | Go to site | More details |
Product | Advertised Rate 4.04 % p.a Variable | Total estimated upfront fees $0 | Comparison Rate* 4.05 % p.a | Ongoing fee $0 | Go to site | More details |
Product | Advertised Rate 1.89 % p.a Fixed - 1 year | Total estimated upfront fees $0 | Comparison Rate* 4.07 % p.a | Ongoing fee $395 annually | Go to site | More details |
Product | Advertised Rate 4.14 % p.a Variable | Total estimated upfront fees $0 | Comparison Rate* 4.15 % p.a | Ongoing fee $0 | Go to site | More details |
Product | Advertised Rate 1.99 % p.a Fixed - 1 year | Total estimated upfront fees $0 | Comparison Rate* 4.17 % p.a | Ongoing fee $395 annually | Go to site | More details |
Product | Advertised Rate 3.84 % p.a Variable | Total estimated upfront fees $0 | Comparison Rate* 4.25 % p.a | Ongoing fee $395 annually | Go to site | More details |
Product | Advertised Rate 3.90 % p.a Variable | Total estimated upfront fees $0 | Comparison Rate* 4.31 % p.a | Ongoing fee $395 annually | Go to site | More details |
Product | Advertised Rate 3.90 % p.a Variable | Total estimated upfront fees $0 | Comparison Rate* 4.31 % p.a | Ongoing fee $395 annually | Go to site | More details |
Product | Advertised Rate 3.94 % p.a Variable | Total estimated upfront fees $0 | Comparison Rate* 4.35 % p.a | Ongoing fee $395 annually | Go to site | More details |
Product | Advertised Rate 4.60 % p.a Variable | Total estimated upfront fees $500 | Comparison Rate* 4.76 % p.a | Ongoing fee $10 monthly | Go to site | More details |
Product | Advertised Rate 4.60 % p.a Variable | Total estimated upfront fees $500 | Comparison Rate* 4.76 % p.a | Ongoing fee $10 monthly | Go to site | More details |
Greater Bank customer service
Greater Bank customers with general enquiries can contact the customer support centre six days a week and home loan customers have a direct line to the loan centre. In addition to round the clock telephone banking, Greater Bank customers can email the fraud prevention department at any time. Greater Bank customers can also contact support via the live chat function or by visiting a NSW or QLD branch.
- Customer service centre (phone)
- Mobile app
- Online banking
- Live Chat
- Branch
- Mobile banking staff
How to apply for a Greater Bank home loan
Borrowers wanting to apply for a Greater Bank loan can do so by contacting the bank directly, filling out an online application form or calling the bank’s loan hotline.Â
Before applying for a Greater Bank home loan, consider what you can afford to borrow and what other costs you need to include.Â
To apply for a Greater Bank loan, you will need to supply the following information:
- Personal identity information.
- Proof of income and employment.
- Details of your current debts, liabilities and assets.
Note: only available for properties in NSW, ACT and QLD.
Greater Bank home loans review
As a customer-owned bank, Greater Bank is able to reinvest its profits to benefit its customers, including offering competitive interest rates. Fixed, variable and split interest rate options are available for owner occupiers and investors, paying principal and interest or interest only. Refinancers may also be able to benefit from a fast refinance option.
Greater Bank has mortgage options available for self-employed borrowers. Borrowers that are short on their deposit (such as some first home buyers) may still be able to get a home loan from Greater Bank if a family member can guarantee the loan with their own property as security. Â Construction and land loans are also available, as are reverse mortgages and lines of credit.
While Greater Bank home loans are available with no ongoing fees, an annual package fee may apply if you choose to bundle your loan with other financial products from Greater Bank.
Greater Bank offers home loans with additional repayments and unlimited free redraws. Repayment holiday options are also available. Selected home loans also offer the option of multiple offset accounts.
Greater Bank top home loans products
Learn more about home loans
How to apply for a pre-approval home loan from Bendigo Bank?
Applying for pre-approval on your home loan gives you confidence in your ability to secure finance while looking at potential new homes. You can get a free and personalised pre-approval home loan from Bendigo Bank in just a few minutes, without any credit checks or paperwork.
Bendigo Bank offers pre-approval for home loans that allow you to understand the home loan size you may be able to get before looking for a new home.
With the pre-approval, Bendigo Bank provides an estimate of your borrowing power. This figure incorporates stamp duty, lenders mortgage insurance (LMI) and any first home buyer incentives you may be eligible for. You may also qualify for the First Home Loan Deposit Scheme initiative, depending on your circumstances.
To apply for a pre-approval on your home loan from Bendigo Bank, all you need to do is fill in a smart form. You could also contact the bank directly on 1300 236 344.
How can I apply for a first home buyers loan with Commonwealth Bank?
Getting a home loan requires planning and research. If you are considering a home loan with the Commonwealth Bank, you can find the information you need in the buying your first home section of the bank’s website.
You can see the steps you should take before applying for the loan and use the calculators to work out how much you can borrow, what your monthly repayments would be and the upfront costs you’d likely pay.
You can also book a time with a Commonwealth first home loan specialist by calling 13 2221.
CommBank publishes a property report that may help you understand the real estate market. The bank has also created a CommBank Property App that you can use to search for property. The link to download this app is available on the same webpage.
If you are eligible for the First Home Loan Deposit Scheme, CommBank will help you process your application. The scheme helps first home buyers to purchase a home with a low deposit. You can read details about this scheme here and speak with a CommBank home lending specialist to understand your options.
Why does Westpac charge an early termination fee for home loans?
The Westpac home loan early termination fee or break cost is applicable if you have a fixed rate home loan and repay part of or the whole outstanding amount before the fixed period ends. If you’re switching between products before the fixed period ends, you’ll pay a switching break cost and an administrative fee.
The Westpac home loan early termination fee may not apply if you repay an amount below the prepayment threshold. The prepayment threshold is the amount Westpac allows you to repay during the fixed period outside your regular repayments.
Westpac charges this fee because when you take out a home loan, the bank borrows the funds with wholesale rates available to banks and lenders. Westpac will then work out your interest rate based on you making regular repayments for a fixed period. If you repay before this period ends, the lender may incur a loss if there is any change in the wholesale rate of interest.
When do mortgage payments start after settlement?
Generally speaking, your first mortgage payment falls due one month after the settlement date. However, this may vary based on your mortgage terms. You can check the exact date by contacting your lender.
Usually your settlement agent will meet the seller’s representatives to exchange documents at an agreed place and time. The balance purchase price is paid to the seller. The lender will register a mortgage against your title and give you the funds to purchase the new home.
Once the settlement process is complete, the lender allows you to draw down the loan. The loan amount is debited from your loan account. As soon as the settlement paperwork is sorted, you can collect the keys to your new home and work your way through the moving-in checklist.
Cash or mortgage – which is more suitable to buy an investment property?
Deciding whether to buy an investment property with cash or a mortgage is a matter or personal choice and will often depend on your financial situation. Using cash may seem logical if you have the money in reserve and it can allow you to later use the equity in your home. However, there may be other factors to think about, such as whether there are other debts to pay down and whether it will tie up all of your spare cash. Again, it’s a personal choice and may be worth seeking personal advice.
A mortgage is a popular option for people who don’t have enough cash in the bank to pay for an investment property. Sometimes when you take out a mortgage you can offset your loan interest against the rental income you may earn. The rental income can also help to pay down the loan.
When does Commonwealth Bank charge an early exit fee?
When you take out a fixed interest home loan with the Commonwealth Bank, you’re able to lock the interest for a particular period. If the rates change during this period, your repayments remain unchanged. If you break the loan during the fixed interest period, you’ll have to pay the Commonwealth Bank home loan early exit fee and an administrative fee.
The Early Repayment Adjustment (ERA) and Administrative fees are applicable in the following instances:
- If you switch your loan from fixed interest to variable rate
- When you apply for a top-up home loan
- If you repay over and above the annual threshold limit, which is $10,000 per year during the fixed interest period
- When you prepay the entire outstanding loan balance before the end of the fixed interest duration.
The fee calculation depends on the interest rates, the amount you’ve repaid and the loan size. You can contact the lender to understand more about what you may have to pay.
What are the features of home loans for expats from Westpac?
If you’re an Australian citizen living and working abroad, you can borrow to buy a property in Australia. With a Westpac non-resident home loan, you can borrow up to 80 per cent of the property value to purchase a property whilst living overseas. The minimum loan amount for these loans is $25,000, with a maximum loan term of 30 years.
The interest rates and other fees for Westpac non-resident home loans are the same as regular home loans offered to borrowers living in Australia. You’ll have to submit proof of income, six-month bank statements, an employment letter, and your last two payslips. You may also be required to submit a copy of your passport and visa that shows you’re allowed to live and work abroad.
How do I apply for a home loan pre-approval from Commonwealth Bank?
To apply for a Commbank home loan pre-approval, you can either call the bank at 13 2224 or meet one of the bank’s lending specialists. You can set up a meeting online if you wish. You’ll need to do some homework before contacting the bank, such as gathering information on the kind of properties you’d like to buy and their prices.
Preparing a financial summary, which lists all your income sources as well as significant expenses, can also help determine how much you can afford to borrow. You may also want to check your credit score before applying for pre-approval.
It’s worth remembering that a CBA home loan pre-approval doesn’t guarantee that you’ll get the loan. Once you get the pre-approval, you’ll have about three to six months to decide on a property and apply for the home loan. The bank will then confirm that the property is suitable for the loan before fully approving it.
How do I find out my current interest rate and how much is owing on my loan?
Your bank statements and/or your internet banking should show these details. If you are not sure, call your bank or estimate.
Who offers 40 year mortgages?
Home loans spanning 40 years are offered by select lenders, though the loan period is much longer than a standard 30-year home loan. You're more likely to find a maximum of 35 years, such as is the case with Teacher’s Mutual Bank.
Currently, 40 year home loan lenders in Australia include AlphaBeta Money, BCU, G&C Mutual Bank, Pepper, and Sydney Mutual Bank.
Even though these lengthier loans 35 to 40 year loans do exist on the market, they are not overwhelmingly popular, as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.
How do I apply for a home improvement loan?
When you want to renovate your home, you may need to take out a loan to cover the costs. You could apply for a home improvement loan, which is a personal loan that you use to cover the costs of your home renovations. There is no difference between applying for this type of home improvement loan and applying for a standard personal loan. It would be best to check and compare the features, fees and details of the loan before applying.
Besides taking out a home improvement loan, you could also:
- Use the equity in your house: Equity is the difference between your property’s value and the amount you still owe on your home loan. You may be able to access this equity by refinancing your home loan and then using it to finance your home improvement. Speak with your lender or a mortgage broker about accessing your equity.
- Utilise the redraw facility of your home loan: Check whether the existing home loan has a redraw facility. A redraw facility allows you to access additional funds you’ve repaid into your home loan. Some lenders offer this on variable rate home loans but not on fixed. If this option is available to you, contact your lender to discuss how to access it.
- Apply for a construction loan: A construction loan is typically used when constructing a new property but can also be used as a home renovation loan. You may find that a construction loan is a suitable option as it enables you to draw funds as your renovation project progresses. You can compare construction home loans online or speak to a mortgage broker about taking out such a loan.
- Look into government grants: Check whether there are any government grants offered when you need the funds and whether you qualify. Initiatives like the HomeBuilder Grant were offered by the Federal Government for a limited period until April 2021. They could help fund your renovations either in full or just partially.
What is a variable home loan?
A variable rate home loan is one where the interest rate can and will change over the course of your loan. The rate is determined by your lender, not the Reserve Bank of Australia, so while the cash rate might go down, your bank may decide not to follow suit, although they do broadly follow market conditions. One of the upsides of variable rates is that they are typically more flexible than their fixed rate counterparts which means that a lot of these products will let you make extra repayments and offer features such as offset accounts.
What are the benefits of getting a pre-approved home loan from Citibank?
While hunting for your dream home, getting a Citibank home loan pre-approval can have multiple benefits, which include:
- You'll have an idea on your personal price range, which can save time to find your home.
- With a pre-approved home loan, you may find yourself with more financial control to better decide how much you can spend.
- A Citibank pre-approved home loan is a commitment by a lender that signals you're ready to jump into the property market.
You can apply for pre-approval by providing basic details, such as name, email, and phone number on the bank’s website. Alternatively, you can contact the bank on 1300 361 922 or find a home lending officer on the website.
How do I get a Suncorp home loan pre-approval?
Getting home loan pre-approval helps you work out a budget to help you search for a suitable property and make an offer with confidence. Once you put in an application, you should get your pre-approval outcome within two business days. To help get a fast turnaround time of your pre-approval application, ensure all the information and documentation that Suncorp requires. This includes proof of identification, recent payslips, bank account and credit card statements.
You can submit the home loan pre-approval application online. You’ll be asked for information about your income, expenses, assets, and debts. It should take you about 10 minutes to fill out the application, and you can do it free of charge. A Suncorp lending specialist will review your application and contact you within 24 hours or the next working day. Suncorp will not run a credit check until you have heard from this lending specialist.
Once you get Suncorp home loan pre-approval, it’s valid for 90 days. If you don’t find a property you wish to buy in this time you may be able to apply for an extension, speak to your Suncorp lending specialist about this.
What is the Home Loan Rate Promise?
The Home Loan Rate Promise is RateCity putting its money where its mouth is. We believe that too many Australians are paying too much for their home loans. We’re so confident we can help Aussies save money, if we can’t beat your current rate, we’ll give you a $100 gift card.*
There are two reasons it pays to check your rate with the Home Loan Rate Promise:
- You can find out how much you could save on your home loan by switching to a loan with a lower interest rate
- If we can’t beat your current rate, you can claim a $100 gift card with our Home Loan Rate Promise*
