Navigating the landscape of home loan rates can be overwhelming, but at Greater Bank, we make it simple for you to compare mortgage rates and find the ideal solution for your home ownership goals. Explore our range of Owner Occupied Home Loan Interest Rates, including our Ultimate Home Loan, Great Rate Home Loan and Line of Credit Home Loan. We empower you to make informed decisions by providing transparent information on home loan interest rates. With Greater Bank, securing your dream home becomes not just a financial endeavour but a personalised and straightforward experience tailored to your preferences.
Greater Bank’s home loans are designed to help you achieve the financial dream of owning your home sooner. We offer great value, our loans are easy to use, and we’re confident we’ve got the right loan to suit your needs.
All Home Loans have a base rate. The applicable base rate will depend on whether you select a standard or discounted home loan and also the repayment type you select – Principal and Interest (P&I) or Interest Only (IO).
For P&I loans, margins may apply to the applicable base rates. For new IO loans, currently a 0.10% p.a. margin above the applicable base rates will apply. The base rates are set out below and the all up interest rate which includes any margins, will be set out in your credit contract.
| Ultimate discount variable | Interest Rate# | Comparison Rate^ |
|---|---|---|
| Variable | 6.14% p.a. | 6.51% p.a. |
| Ultimate Home Loan | Interest rate | Comparison rate^ |
|---|---|---|
| Variable | 7.66% p.a. | 8.01% p.a. |
| Ultimate Home Loan | Interest rate~ | Comparison rate^ |
|---|---|---|
| 1 Year Fixed | 5.89% p.a. | 7.81% p.a. |
| 2 Years Fixed | 5.69% p.a. | 7.60% p.a. |
| 3 Years Fixed | 5.69% p.a. | 7.43% p.a. |
| 4 Years Fixed | 5.69% p.a. | 7.27% p.a. |
| 5 Years Fixed | 5.69% p.a. | 7.13% p.a. |
All Home Loans have a base rate. The applicable base rate will depend on whether you select a standard or discounted home loan and also the repayment type you select – Principal and Interest (P&I) or Interest Only (IO).
For P&I loans, margins may apply to the applicable base rates. For new IO loans, currently a 0.10% p.a. margin above the applicable base rates will apply. The base rates are set out below and the all up interest rate which includes any margins, will be set out in your credit contract.
| Great Rate discount variable | Interest Rate | Comparison Rate |
|---|---|---|
| Variable | 5.99% p.a. | 6.00% p.a. |
| Great Rate Home Loan | Interest rate | Comparison rate^ |
|---|---|---|
| Variable | 7.86% p.a. | 7.87% p.a. |
| Great Rate Home Loan | Interest rate~ | Comparison rate^ |
|---|---|---|
| 1 Year Fixed | 5.89% p.a. | 7.66% p.a. |
| 2 Years Fixed | 5.69% p.a. | 7.43% p.a. |
| 3 Years Fixed | 5.69% p.a. | 7.24% p.a. |
| 4 Years Fixed | 5.69% p.a. | 7.06% p.a. |
| 5 Years Fixed | 5.69% p.a. | 6.91% p.a. |
All Line of Credit Home Loans have a base rate. The applicable base rate will depend on whether you select a standard or discounted Line of Credit Home Loan. Currently a 0.10% margin above the applicable base rate applies for all new Line of Credit facilities. The base rates are set out below and the all up interest rate which includes any margins, will be set out in your credit contract.
| Line of Credit | Interest rate |
|---|---|
| Variable | 8.80% p.a. |
| Ultimate Line of Credit | Interest rate |
|---|---|
| Variable | 8.10% p.a. |
Discover the path to home ownership with Greater Bank, where our home loans are not just financial products; they're stepping stones towards realising your dream home. As you embark on this journey, we understand the significance of securing the best home loan rates tailored to your unique needs. Whether you're a first-time homebuyer or looking to refinance, Greater Bank's fixed rate and variable home loans provide a sense of financial security, making it easier for you to plan and budget with confidence.
No one loan is perfect for everyone.
At Greater Bank, we understand that every one of our valued customers have different needs and are at different stages in their lives.
The right loan for you depends on these needs.
A variable rate loan means that the interest rate on the loan may go up and down over the loan period. This allows you to make additional or early repayments to take advantage of interest rate fluctuations.
A fixed rate loan means that the interest on the loan remains constant over a fixed period, so your repayments will stay the same. You will be able to budget for your repayments and are protected from rises in interest rates.
Still have questions? Contact a friendly Greater Bank staff member on 13 13 86 or visit your nearest branch.
Check out our range of home loans and our current interest rates.
It is the amount of money you intend to borrow, compared to the value of the property (not necessarily the selling price) you're looking to buy.
We use the LVR when assessing your home loan application. It’s also helps determine if you need to pay Lenders Mortgage Insurance (LMI).
For example:
| Amount you intend to borrow | Value of purchase property | Therefore what the LVR is |
| $400,000 | $500,000 | 80% |
This is basically a means of comparing one loan to another from any provider in Australia.
It includes all interest and known fees payable over the whole life of the loan and expresses that amount as an annual rate.
This allows you to compare loans with different fee amounts, frequencies and timings as well as the base interest rate quoted.
It is designed so that you can compare all the costs of the loan rather than just the interest rate.
A variable interest rate is a rate that fluctuates according to market conditions. Sometimes known as a floating interest rate.
So, this means that the variable interest rate that you are paying today may be different in 6 or 12 months time.
A fixed interest rate is a rate that is not subject to market condition fluctuations, but only for a set period of time. When you choose a fixed rate, your rate will not change for the fixed period.
A fixed interest rate can give some assurance when it comes to knowing what your loan repayments will be over the set term, but it also may come with the disadvantage that if variable rates drop, your fixed rate and repayments will stay the same for the set term.
Check out Greater Bank's full range of current fixed and variable home loan interest rates below.
Our friendly staff are happy to help with all your banking needs. Find a location near you across NSW and South East QLD.
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~At the end of the fixed rate period customers can chose to re-fix their loan for another fixed rate period or let the loan revert to the applicable variable interest rate based on the loan and repayment type.
*Conditions, fees and charges apply to all loans. Subject to meeting Greater Bank's lending criteria.
Greater Bank, part of Newcastle Greater Mutual Group Ltd ACN 087 651 992, Australian Financial Services Licence/Australian credit licence 238273
++$2,000 cashback for loans ≥$250,000 or $2,500 cashback for loans ≥$500,000. Only one (1) Cashback Payment per eligible loan, and for first eligible loan only. Not available in conjunction with any other promotional payment. Offer may be varied or withdrawn at any time. See the full Cashback Offer Terms and Conditions at Cashback Offer Terms and Conditions. Terms, conditions, fees, charges and credit criteria apply.
Comparison Rate Schedules are available at your local branch. Conditions apply. Please read our Terms and Conditions for more information.
^ Comparison rate is based on $150,000 over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
# Discounted rates include a discount on Home Loans of $150,000 or over and for owner occupied Home Loans with an LVR 80% or below and for investment Home Loan with an LVR 80% or below and apply to new borrowings only. Discounted rate not available for Line of Credit facilities. All new interest-only home loans, attract a 0.10% p.a. margin above the applicable Principal and Interest base rates. All-new Line of Credit home loans, attract a 0.10% p.a. margin above the applicable Line of Credit base rates. The all-up interest rate which includes any margins, will be set out in your credit contract. If your security property is not in NSW, QLD or ACT we are unable to assist you with your enquiry. New borrowers are required to attend a Greater Bank Branch for an interview. View our Home Loan Key Fact Sheet.
