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.

I'd like to borrow

$

I am an

Loan term

With a repayment type

Your estimated repayments

at interest rate 2.68 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

Pros
  • Award-winning customer service
  • Opportunity to bundle the loan with other financial products
  • Flexible loan options
  • Competitive interest rates
Cons
  • No low doc option
  • Only available for properties in NSW, ACT and QLD

Greater Bank home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

2.68%

Variable

$0

2.69%

$0
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Greater Bank
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2.78%

Variable

$0

2.79%

$0
Greater Bank
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2.98%

Variable

$0

2.99%

$0
Greater Bank
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3.08%

Variable

$0

3.09%

$0
Greater Bank
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2.79%

Fixed - 5 years

$0

3.33%

$0
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Greater Bank
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2.39%

Fixed - 3 years

$0

3.35%

$0
Greater Bank
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2.89%

Fixed - 5 years

$0

3.36%

$0
Greater Bank
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2.49%

Fixed - 3 years

$0

3.37%

$0
Greater Bank
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2.94%

Variable

$0

3.37%

$395 annually
Greater Bank
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2.79%

Fixed - 4 years

$0

3.39%

$0
Greater Bank
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2.89%

Fixed - 4 years

$0

3.41%

$0
Greater Bank
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2.24%

Fixed - 2 years

$0

3.42%

$0
Greater Bank
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2.34%

Fixed - 2 years

$0

3.44%

$0
Greater Bank
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3.04%

Variable

$0

3.47%

$395 annually
Greater Bank
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1.99%

Fixed - 1 year

$0

3.52%

$0
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Greater Bank
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2.09%

Fixed - 1 year

$0

3.53%

$0
Greater Bank
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2.39%

Fixed - 3 years

$0

3.61%

$395 annually
Greater Bank
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2.79%

Fixed - 5 years

$0

3.61%

$395 annually
Greater Bank
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2.49%

Fixed - 3 years

$0

3.64%

$395 annually
Greater Bank
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2.24%

Fixed - 2 years

$0

3.66%

$395 annually
Greater Bank
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2.79%

Fixed - 4 years

$0

3.66%

$395 annually
Greater Bank
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2.89%

Fixed - 5 years

$0

3.66%

$395 annually
Greater Bank
More details

3.24%

Variable

$0

3.66%

$395 annually
Greater Bank
More details

3.09%

Fixed - 5 years

$0

3.67%

$0
Greater Bank
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3.66%

Variable

$0

3.67%

$0
Greater Bank
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2.34%

Fixed - 2 years

$0

3.69%

$395 annually
Greater Bank
More details

2.89%

Fixed - 4 years

$0

3.69%

$395 annually
Greater Bank
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2.69%

Fixed - 3 years

$0

3.70%

$0
Greater Bank
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3.19%

Fixed - 5 years

$0

3.71%

$0
Greater Bank
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2.79%

Fixed - 3 years

$0

3.73%

$0
Greater Bank
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1.99%

Fixed - 1 year

$0

3.74%

$395 annually
Greater Bank
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3.09%

Fixed - 4 years

$0

3.74%

$0
Greater Bank
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2.09%

Fixed - 1 year

$0

3.76%

$395 annually
Greater Bank
More details

3.19%

Fixed - 4 years

$0

3.76%

$0
Greater Bank
More details

3.34%

Variable

$0

3.76%

$395 annually
Greater Bank
More details

3.76%

Variable

$0

3.77%

$0
Greater Bank
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2.54%

Fixed - 2 years

$0

3.79%

$0
Greater Bank
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2.64%

Fixed - 2 years

$0

3.80%

$0
Greater Bank
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3.46%

Variable

$0

3.88%

$395 annually
Greater Bank
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2.49%

Fixed - 1 year

$0

3.91%

$0
Greater Bank
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2.59%

Fixed - 1 year

$0

3.91%

$0
Greater Bank
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2.69%

Fixed - 3 years

$0

3.95%

$395 annually
Greater Bank
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3.09%

Fixed - 5 years

$0

3.95%

$395 annually
Greater Bank
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3.56%

Variable

$0

3.98%

$395 annually
Greater Bank
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3.09%

Fixed - 4 years

$0

4.00%

$395 annually
Greater Bank
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2.54%

Fixed - 2 years

$0

4.02%

$395 annually
Greater Bank
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3.19%

Fixed - 5 years

$0

4.05%

$395 annually
Greater Bank
More details

4.04%

Variable

$0

4.05%

$0
Greater Bank
More details

2.79%

Fixed - 3 years

$0

4.06%

$395 annually
Greater Bank
More details

3.19%

Fixed - 4 years

$0

4.10%

$395 annually
Greater Bank
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2.49%

Fixed - 1 year

$0

4.12%

$395 annually
Greater Bank
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2.64%

Fixed - 2 years

$0

4.12%

$395 annually
Greater Bank
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4.14%

Variable

$0

4.15%

$0
Greater Bank
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2.59%

Fixed - 1 year

$0

4.23%

$395 annually
Greater Bank
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3.84%

Variable

$0

4.25%

$395 annually
Greater Bank
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3.90%

Variable

$0

4.31%

$395 annually
Greater Bank
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3.90%

Variable

$0

4.31%

$395 annually
Greater Bank
More details

3.94%

Variable

$0

4.35%

$395 annually
Greater Bank
More details

4.60%

Variable

$500

4.76%

$10 monthly
Greater Bank
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4.60%

Variable

$500

4.76%

$10 monthly
Greater Bank
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
  • Email
  • 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. 

Before applying for a Greater Bank home loan, consider what you can afford to borrow and what other costs you need to include. 

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.  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.

Learn more about Greater Bank

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.

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.

Do the big four banks have guarantor home loans?

Yes, ANZ, Commonwealth Bank, NAB and Westpac all offer guarantor home loans. These mortgages are also offered by many other banks, credit unions and building societies.

What is a guarantor?

A guarantor is someone who provides a legally binding promise that they will pay off a mortgage if the principal borrower fails to do so.

Often, guarantors are parents in a solid financial position, while the principal borrower is a child in a weaker financial position who is struggling to enter the property market.

Lenders usually regard borrowers as less risky when they have a guarantor – and therefore may charge lower interest rates or even approve mortgages they would have otherwise rejected.

However, if the borrower falls behind on their repayments, the lender might chase the guarantor for payment. In some circumstances, the lender might even seize and sell the guarantor’s property to recoup their money.

How do I take out a low-deposit home loan?

If you want to take out a low-deposit home loan, it might be a good idea to consult a mortgage broker who can give you professional financial advice and organise the mortgage for you.

Another way to take out a low-deposit home loan is to do your own research with a comparison website like RateCity. Once you’ve identified your preferred mortgage, you can apply through RateCity or go direct to the lender.

What is breach of contract?

A failure to follow all or part of a contract or breaking the conditions of a contract without any legal excuse. A breach of contract can be material, minor, actual or anticipatory, depending on the severity of the breaches and their material impact.

What happens when you default on your mortgage?

A mortgage default occurs when you are 90 days or more behind on your mortgage repayments. Late repayments will often incur a late fee on top of the amount owed which will continue to gather interest along with the remaining principal amount.

If you do default on a mortgage repayment you should try and catch up in next month’s payment. If this isn’t possible, and missing payments is going to become a regular issue, you need to contact your lender as soon as possible to organise an alternative payment schedule and discuss further options.

You may also want to talk to a financial counsellor. 

How often is your data updated?

We work closely with lenders to get updates as quick as possible, with updates made the same day wherever possible.

Mortgage Calculator, Repayment Type

Will you pay off the amount you borrowed + interest or just the interest for a period?

Remaining loan term

The length of time it will take to pay off your current home loan, based on the currently-entered mortgage balance, monthly repayment and interest rate.

Why was Real Time Ratings developed?

Real Time RatingsTM was developed to save people time and money. A home loan is one of the biggest financial decisions you will ever make – and one of the most complicated. Real Time RatingsTM is designed to help you find the right loan. Until now, there has been no place borrowers can benchmark the latest rates and offers when they hit the market. Rates change all the time now and new offers hit the market almost daily, we saw the need for a way to compare these new deals against the rest of the market and make a more informed decision.

What is a debt service ratio?

A method of gauging a borrower’s home loan serviceability (ability to afford home loan repayments), the debt service ratio (DSR) is the fraction of an applicant’s income that will need to go towards paying back a loan. The DSR is typically expressed as a percentage, and lenders may decline loans to borrowers with too high a DSR (often over 30 per cent).

Why is it important to get the most up-to-date information?

The mortgage market changes constantly. Every week, new products get launched and existing products get tweaked. Yet many ratings and awards systems rank products annually or biannually.

We update our product data as soon as possible when lenders make changes, so if a bank hikes its interest rates or changes its product, the system will quickly re-evaluate it.

Nobody wants to read a weather forecast that is six months old, and the same is true for home loan comparisons.

What is a construction loan?

A construction loan is loan taken out for the purpose of building or substantially renovating a residential property. Under this type of loan, the funds are released in stages when certain milestones in the construction process are reached. Once the building is complete, the loan will revert to a standard principal and interest mortgage.

What is appraised value?

An estimation of a property’s value before beginning the mortgage approval process. An appraiser (or valuer) is an expert who estimates the value of a property. The lender generally selects the appraiser or valuer before sanctioning the loan.