Greater Bank Home Loans

Mutual Banks in Australia - Greater Bank

Greater Bank is a provider of home loans, credit cards, personal loans, savings and transaction accounts, term deposits, home insurance, car insurance, travel insurance, and business products.

What home loans does Greater Bank offer?

If you’re currently considering a home loan, the comparison table below displays some of the variable rate home loans on our database from Greater Bank that are available for first home buyers. This table is sorted by Star Rating (highest to lowest), followed by comparison rate (lowest-highest). Products shown are principal and interest home loans available for a loan amount of $350K in NSW with an LVR of 80% of the property value. Before committing to a particular home loan product, check upfront with your lender and read the applicable loan documentation to confirm whether the terms of the loan meet your needs and repayment capacity. Use Canstar’s home loan selector to view a wider range of home loan products.

*Comparison rate based on loan amount of $150,000 and a term of 25 years. Read the Comparison Rate Warning.

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Greater Bank home loan features

Depending on which option you choose, some features of a Greater Bank home loan may include:

  • Unlimited free redraw facility available
  • Additional repayments allowed
  • Split loan option 
  • Interest only repayments available on selected loans
  • Repayments may be made weekly, fortnightly, or monthly
  • A maximum loan term of 30 years
  • Parental guarantee option on selected loans
  • Online loan management with the Greater Bank mobile app for Apple or Android

The inclusions above represent a selection of the features available with Greater Bank home loans. Canstar is not making any suggestion or recommendation to you about this product. Additional conditions may apply to different features. Please see our comparison tables for more detailed information about the products on offer from this provider. Check upfront with Greater Bank and please ensure that you read the product disclosure statement (PDS) or other loan documentation to determine all the current loan terms and conditions for the product you are considering and whether it meets your needs, before committing to it.

 

Greater Bank Home Loans FAQs

Before getting started, you might first like to take a look at our applying for a home loan checklist for some pointers, and use the Canstar website to compare home loans with other providers before choosing a product that suits your needs.

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If you decide to apply for a Greater Bank home loan, you can start the process by either submitting an online enquiry or contacting Greater Bank over the phone.

If you are already a Greater Bank customer, you may apply for a home loan through your internet banking.

At the time of writing, Greater Bank allows you to make additional repayments on its home loan products and early repayment on its variable home loans. There may be a limit to how much extra repayments you can make without incurring a penalty on its fixed rate loans.  

Terms and conditions apply. Contact Greater Bank or visit the Greater Bank website for details.

To give you an idea of how making extra repayments could save money in interest over the life of your loan, you might like to try our Extra Repayments Calculator.

Home Loans Extra Repayments Calculator

At the time of writing, Greater Bank offers unlimited free redraw facilities on its  home loan products, when you have made repayments in excess of what you owe. 

Terms and conditions may apply. Contact Greater Bank or visit the Greater Bank website for more details.

Greater Bank was established in 1924 as the Newcastle and Hunter River Public Service Star-Bowkett Building Co-operative Society Limited and became the Greater Newcastle Co-operative Permanent Building and Investment Society in 1945. Now known as Greater Bank, it says that it serves more than 260,000 customers across NSW and South East Queensland, and has over $7 billion in assets under management.

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Written by: Eliza Parry-Okeden | Last updated: September 27, 2019