Check out our range of personal loans and our current interest rates.
A comparison rate combines the:
The comparison rate can help you estimate the total cost of a loan over a year.
An initial notification from the bank of how much they could lend you, subject to certain criteria, such as the value of the car you’re looking to buy.
The date your loan starts (is drawn down).
This is also the date your repayments and interest are calculated from.
You might also hear it referred to as ‘settlement’ or ‘funding’.
A fixed interest rate is a set interest rate which does not change for the period of your loan.
All Greater Bank Personal Loans feature a fixed interest rate for the life of the loan.
This type of loan may be suitable if you want certainty that your repayments will stay the same throughout the life of the loan which can help to make budgeting easier.
Plus, there are no penalties if you’d like to make extra or early repayments or if you fully repay your loan early.
You can pay for something specific by borrowing the money through a personal loan.
A personal loan will be for a set amount which you will need to repay over an agreed period of time.
You will also need to pay the interest accrued on the amount owed.
Check out range of personal loans. You can apply online and get approval in as little as 24 hours!
A secured loan means you nominate an acceptable asset of yours (something valuable you already own) as security against the money you’ve borrowed.
It means if you’re unable to repay the loan, we may be able to sell the asset to pay towards your loan.
An unsecured loan is a loan without an asset as security for the debt.
The interest rate for an unsecured loan is usually higher than a secured personal loan since this is a higher risk scenario for the bank.
Greater Bank offers both secured and unsecured personal loans to suit your needs.
For a Secured Personal Loan and New Car Loan, you can apply for a loan between $5,000 to $100,000.
For an Unsecured Personal Loan, you can apply for a loan between $5,000 to $50,000.
You can use a Greater Bank Fixed Rate Personal loan for any worthwhile personal purpose.
It’s worth noting, however, that our New Car Loan can only be used for the purchase of new cars (including dealer demonstrator vehicles with less than 5,000 kms on the odometer).
Your credit score, which is sometimes called your credit rating, is based on the personal and financial information on your credit report.
Under the Comprehensive Credit Reporting system, Greater Bank shares information with credit reporting bodies about the lending products you have with Greater Bank, including personal loans, credit cards, home loans and overdrafts.
Your credit report shows details of your repayment history (including when you make repayments on time and when you miss any repayments).
It also shows your loan and credit accounts, as well as details on every application for credit (and the amount) you’ve made.
Too many applications can have a negative impact on your report, so try and keep them to a minimum.
Making your personal loan repayments on time will demonstrate good credit-based behaviour and this will be reflected on your credit report and credit score.
Yes, you can apply but your application for a Greater Bank Personal Loan will be subject to Greater Bank’s credit assessment criteria.
Save time and apply for a Personal Loan using your online banking details. Not registered? Phone 13 13 86.
Already a customer banking online with us?
Save time and apply for a joint Personal Loan using your online banking details. Not registered? Phone 13 13 86.
Already customers banking online with us?
Your liabilities and other financial commitments, such as an existing personal loan with another lender, will be taken into account when we assess your application for a Personal Loan with Greater Bank.
While our Personal Loans are designed to help you get what you want sooner, it’s important to get the right loan for your needs.
Our Secured Personal Loan is great for those big purchases where you’re able to offer security against the loan. Great for used cars, motorbikes, home renos - even boats and caravans.
Anyone can apply for a Personal Loan with Greater Bank, providing that you:
Yes.
We know sometimes it's hard for you to visit us when applying for a home loan, so we will come to you.
Our experienced lenders can visit you at home or work, at a time that suits you.
At Greater Bank, we don’t think you should have to wait to get what you want.
That’s why we aim to approve your Personal Loan within 24 hours.
For some products and services, we’ll need to verify your identity.
In some cases, we may ask you to provide us with certified copies of your identification. If so, the following requirements must be met:
Proper certification must appear on EACH PAGE to be certified and should show
NOTE: a certified copy is not a photocopy of a previously certified document. The original document must be sighted and certified as a true copy of the original.
You’ll find the list of people who can certify a document for you (like a copy of your ID), and the legal requirements for this, on the Federal Register of Legislation website.
Check this register to make sure the occupation of the person who is to certify your document meets certification requirements.
If any of these requirements are not met, the certified copy CANNOT be accepted.
We will need to take a copy of your ID as part of your application.
You can provide:
We will need to take copies of:
We also need to see:
Personal tax returns and, where relevant, business tax returns as well as financial statements, Australian Tax Office (ATO) Notice of Assessments for the last two consecutive years.
A letter from Centrelink, issued within the last six (6) months showing:
We also need to see:
We’ll need documents confirming that any loans you currently have are up to date.
For example, a recent statement showing your name, account number, monthly repayments, credits, debits and loan balance.
If you’re a home renter, we need copies of:
If your loan is for more than $60,000.00 you may need a vehicle inspection certificate.
If you’re applying for a Greater Bank Unsecured Personal Loan and your application is approved, you won’t need to provide any security as this is an unsecured loan.
But if you apply for a Greater Bank Secured Personal Loan or New Car Loan and your application is approved, we’ll use the car you have purchased, or other collateral you’re able to provide as security.
As a result, we may be able to offer you a lower interest rate than an unsecured loan.
If you’re applying for a loan and want to know what your repayments will be, use our repayments calculator and find out.
Once your loan is approved, your repayments will be detailed in your loan contract.
If you’re registered for Online Banking, you’ll be able to see your repayments and where your account details are.
The interest charged depends on a variety of factors, such as the number of days in that month, the applicable annual interest rate and the unpaid balance of your loan.
Interest is calculated on the unpaid daily balance of your loan and is charged to the loan on a monthly basis (depending on which product you have).
The interest rate applied each day is equal to your annual interest rate, divided by 365.
Our friendly staff are happy to help with all your banking needs. Find a location near you across NSW and South East QLD.
Our mobile lenders are more than happy to come to you. Find a lending expert close to you and request a call back today.
Call us Monday to Friday 8:00am – 6:00pm and Saturdays 8:00am – 1:00pm AEST
