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Greater Bank home loans
Since 1945, Greater Bank has been helping Australians build better financial futures. As a member-owned and member-run mutual bank, all profits are reinvested into the business, which means Greater Bank customers can enjoy better value products and services.
Greater Bank’s roots are firmly planted in community, with a percentage of profits put towards supporting each branch’s local community.
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: Greater Bank home loans are only available for properties in NSW, ACT and QLD.
Personal Finance Editor
Content updated
Product data updated
Why choose Greater Bank
Greater Bank Home Loans
Loan amount
Minimum deposit
Loan type & Term
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6.14%
6.51%
$2,285
Australian Credit Licence 237476
Fees & charges apply
Ultimate Home Loan
- Owner Occupied
- Variable
- 20% min deposit
- P&I
5.99%
6.00%
$2,253
Australian Credit Licence 237476
Fees & charges apply
Great Rate
- 2024 Award Winner
- Owner Occupied
- Variable
- 20% min deposit
- P&I
6.09%
6.10%
$1,776
Australian Credit Licence 237476
Fees & charges apply
Great Rate
- Owner Occupied
- Variable
- 20% min deposit
- Interest Only
6.24%
6.25%
$2,307
Australian Credit Licence 237476
Fees & charges apply
Investment Great Rate
- Investor
- Variable
- 20% min deposit
- P&I
6.34%
6.35%
$1,849
Australian Credit Licence 237476
Fees & charges apply
Investment Great Rate
- Investor
- Variable
- 20% min deposit
- Interest Only
6.24%
6.61%
$1,820
Australian Credit Licence 237476
Fees & charges apply
Ultimate Home Loan
- Owner Occupied
- Variable
- 20% min deposit
- Interest Only
6.34%
6.70%
$2,328
Australian Credit Licence 237476
Fees & charges apply
Investment Ultimate
- Investor
- Variable
- 20% min deposit
- P&I
6.44%
6.80%
$1,878
Australian Credit Licence 237476
Fees & charges apply
Investment Ultimate
- Investor
- Variable
- 20% min deposit
- Interest Only
5.69%
6.91%
$2,189
Australian Credit Licence 237476
Fees & charges apply
Great Rate
- Owner Occupied
- Fixed 5 years
- 5% min deposit
- P&I
5.79%
6.95%
$1,689
Australian Credit Licence 237476
Fees & charges apply
Great Rate
- Owner Occupied
- Fixed 5 years
- 10% min deposit
- Interest Only
5.69%
7.06%
$2,189
Australian Credit Licence 237476
Fees & charges apply
Great Rate
- Owner Occupied
- Fixed 4 years
- 5% min deposit
- P&I
5.69%
7.09%
$2,189
Australian Credit Licence 237476
Fees & charges apply
Standard Home Loan
- Owner Occupied
- Fixed 5 years
- 5% min deposit
- P&I
Home Loans calculator
Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.
Your estimated mortgage repayments
Total interest
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Total repayments
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- All calculations are estimates only; they are not guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
- It is assumed that data entered into the calculator, including interest rates, do not change for the lifetime of the loan - unless specified.
- The Present Value provided by this calculator is displayed as the amount labelled 'Loan amount'.
- At the end of the interest-only period, the rate may change. For this calculation, rate switches to the current rate.
- The current rate is today’s average big 4 owner occupier advertised discounted variable rate (LVR 80%), unless you have inserted your own rate.
- Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.
- Months are assumed to be of equal length. However, given some months are longer than others, interest charged may vary depending upon the month.
- One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.
- The calculator uses the unrounded repayment to derive the home loan summary line graph and repayment schedule. However, institutions may round repayments to the nearest cent.
- Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
- Calculator does not include the cost of fees or other extra charges.
- Calculator does not account for changes to interest rates over time.
- This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Consider whether you need financial advice from a qualified adviser.
- After the interest only term ends, your repayments will change based on the current* interest rate. This rate is subject to change. Read our full disclaimer.
Contact a mortgage broker
Greater Bank home loans are available through brokers who can help find the right loan and manage your application at no charge.
Ross Hanrahan
Get expert advice from a home loans specialist.
Ross is a mortgage broker with a UK background, based in Sydney Australia and helps people get on and move up the proper...
Tony Hoang
Get expert advice from a home loans specialist.
Tony Hoang stands as a seasoned finance professional, boasting a robust decade-plus-long career that includes pivotal ro...
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
- 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.
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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.