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- Great Rate Variable Home Loan (New Customers) (NSW, ACT & QLD only) (LVR < 80%)
Great Rate
- 2024 Award Winner
- Cashback
- Owner Occupied
- Variable
- 20% min deposit
- P&I
Get up to $3,000 cashback T&Cs apply.
~ Ends in 17 days$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.
5.99%
Comparison rate* p.a.
6.00%
Great Rate
- 2024 Award Winner
- Cashback
- Owner Occupied
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
5.99%
Comparison rate* p.a.
6.00%
RateCity says
"Charges no upfront or ongoing fees, and the option to borrow with the help of a guarantor could help first home buyers."
Calculate your repayments for this loan
Your estimated repayment
$2,995
based on 500000 loan amount for 25 years at 5.99%
Monthly Repayment
$2,995
Total interest
$578,034
Total payments
$1,078,034
Start date
05-2024
End date
05-2049
Pros and Cons
For Great Rate
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
- Winner of Best Variable Home Loan, RateCity Gold Awards 2024
Drawbacks
- No offset account
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
Greater Bank Variable Rate Home Loan overview
For Great Rate Variable Home Loan (New Customers) (NSW, ACT & QLD only) (LVR < 80%)
Details
Maximum LVR
80%
Total repayments
$1,078,034
Interest rate type
Variable
Borrowing range
$150k - $100m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, QLD
Repayment options
Fortnightly, Monthly, 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
Existing customers apply through Internet Banking
Fees
Total estimated upfront fees
$180
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$180
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$300
