Ultimate Variable Home Loan (Interest Only) (NSW, ACT & QLD only)
special
Borrow up to 110% of the property value by asking your family to guarantee the home loan by using their property as security on your mortgageDiscount Variable Home Loan
special
$0 application feeMake the move to UBank's award winning home loan
2.84%
Variable
2.84%
Owner Occupier Discounted Variable Rate
3.81%
Variable
4.22%
$0
Pros
- No upfront fees
- 100% full offset account
- Extra repayments + redraw services
- Comes with a credit card
Cons
- Annual fee charged
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
Maximum LVR 80% | Interest rate structure Variable |
Borrowing range $40k - $100m | Total Repayments |
Principal & interest | Interest only |
Loan term range 0 - 30 years | Offset account 100% offset account |
Extra repayments Unlimited extra repayments | Redraw facility Redraw fee: $0 |
Allows split interest | Suitable For Owner Occupiers |
Applicable States ACT, NSW, QLD | |
Estimated upfront fees $0 | Application fee $0 |
Settlement fee $0 | Valuation fee $0 |
Legal fee At Cost | Ongoing fee $395 |
Discharge fee $300 | Property Type |
SMSF Trustee | Minimum SMSF Amount |
Aggregator |
- Special Borrow up to 110% of the property value by asking your family to guarantee the home loan by using their property as security on your mortgage
Compare and review home loans with similar features
Since 1945, Greater Bank has been helping Australians build better financial futures. As a member-owned and run mutual bank, all profits are reinvested into the business, which means Greater Bank customers get better value products and services. Greater Bank’s roots are firmly planted in community with a certain percentage of profits put towards supporting the branches’ local communities.
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: only available to customers in NSW, ACT and QLD.
Greater Bank Home Loan Calculator
Interested in a Greater Bank home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Greater Bank compares to its competitors. Simply plug in your borrowing amount below.
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FAQs
Real Time RatingsTM looks at your individual home loan requirements and uses this information to rank every applicable home loan in our database out of five.
This score is based on two main factors – cost and flexibility.
Cost is calculated by looking at the interest rates and fees over the first five years of the loan.
Flexibility is based on whether a loan offers features such as an offset account, redraw facility and extra repayments.
Real Time RatingsTM also includes the following assumptions:
- Costs are calculated on the current variable rate however they could change in the future.
- Loans are assumed to be principal and interest
- Fixed-rate loans with terms greater than five years are still assessed on a five-year basis, so 10-year fixed loans are assessed as being only five years’ long.
- Break costs are not included.