Greater Bank’s Personal Loans are designed to help you get what you want sooner. We offer great value, our loans are easy to use, and we’re confident we’ve got the right Personal Loan to suit your needs.
Check out Greater Bank's range of Personal Loan Interest Rates and see how we measure up.
Rates are featured for our New Car Loan, Secured Personal Loan and Unsecured Personal Loan.
| Secured Personal Loan - terms up to: | Interest rate | Comparison rate^ |
|---|---|---|
| 7 Years Fixed | 6.78% p.a. | 7.17% p.a. |
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!
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.
Greater Bank will require some personal information before being able to process your Loan Application.
| Proof of identity (ID) |
We will need to take a copy of your ID as part of your application. You can provide:
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| Proof of income |
We will need to take copies of:
We also need to see:
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| If you're self-employed | 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. |
| If you're eligible for a Family Tax Benefit |
A letter from Centrelink, issued within the last six (6) months showing:
We also need to see:
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| If you receive child support |
A Letter of Assessment form from the Child Support Agency within the last six (6) months, plus;
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| If you receive rental income |
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| Status of other current (non-Greater Bank) loans |
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. For a home loan:
For a personal Loan
For credit/store cards and interest-free loans:
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| Details of rent you pay |
If you’re a home renter, we need copies of:
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| Details about the new boat, caravan or motorcycle, or new or used car |
Private purchase (car only):
If your loan is for more than $60,000.00 you may need a vehicle inspection certificate. Dealer purchases:
If you've already purchased the asset and are refinancing:
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Anyone can apply for a Personal Loan with Greater Bank, providing that you:
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.
Maybe you’re not alone. Our FAQs answer some of the more common banking questions we get asked.
Our friendly staff are happy to help with all your banking needs. Find a location near you across NSW and South East QLD.
Comparison Rate Schedules are available at your local branch.
*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
A caravan, boat or motorbike offered as security must be brand new and purchased from an authorised dealer and a used car up to 7 years old can be offered as security. ^ Personal Loan comparison rates are based on $30,000.00 for a term of five (5) years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates are subject to change without notice. Conditions apply. Please read our Terms and Conditions for more information.
ˇTo qualify for New Car Loan interest rate, the loan must be to purchase a new car, van, utility, 4-wheel drive for personal use. Demonstrator vehicles with less than 5000 kms on the odometer will be categorised as New for this purpose. Vehicles purchased second hand, refinanced, boats, motor cycles, caravans and trailers will not qualify for Secured Car Loan rate. All existing Personal Loan fees, conditions and processes apply
