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  4. 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
Cashback

Get up to $3,000 cashback T&Cs apply.

  ~ Ends in 4 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.

6.09%

Comparison rate* p.a.

6.10%

Great Rate

  • 2024 Award Winner
  • Cashback
  • Owner Occupied
  • Variable
  • 20% min deposit
  • P&I

Interest rate p.a.

6.09%

Comparison rate* p.a.

6.10%

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

$3,027

based on 500000 loan amount for 25 years at 6.09%

Monthly Repayment

$3,027

Total interest

$589,628

Total payments

$1,089,628

Start date

05-2024

End date

05-2049

$1,089,628
025 years
Principal owed
Total repayments owed
Interest owed

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
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

How to apply

If you'd like to apply for this home loan or just get more information, follow the application process to speak to an Greater Bank mortgage specialist.
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