- Home
- Home Loans
- Greater Bank
- Line of Credit
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.
Greater Bank Variable Rate Home Loan overview
For Ultimate Line of Credit Home Loan (NSW, ACT & QLD only)
Principal & 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
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
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
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
