Greater Bank
Discounted Great Rate Home Loan - Variable Interest Only Owner Occupied
Greater Bank · residential mortgages
Provider last updated this product 2026-09-23.
Basic home loan
Lending rates
| Type | Rate | Comparison^ | Purpose | Repayment | Fixed term | Applies to | Interest |
|---|---|---|---|---|---|---|---|
| VARIABLE | 5.94% | 5.89% | OWNER OCCUPIED | INTEREST ONLY | - | - | calculated daily, paid monthly |
| 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. | |||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Additional loan / Top Up fee | UPFRONT | $350 | $350 payable when you apply for an additional home loan or increase your borrowings (using only your existing security) plus $250 for each additional security |
| Progress inspection fee | EVENT | - | Fee amount will be variable, calculated if and when applicable. Payable when we arrange for a progress inspection to be performed. |
| Default Administration Fee | LATE_PAYMENT | $50 | In default by an amount that is less than 2 repayments $20.00, otherwise $50.00. |
| Registration fee | EVENT | - | Fee amount will be variable, calculated if and when applicable. Payable when we register any documents in relation to a security. |
| Mortgage Insurance Premium Fee | UPFRONT | - | Fee amount will be variable, calculated if and when applicable. The amount charged by our mortgage insurer for a lenders mortgage insurance policy. |
| Government charges | EVENT | - | Charges will be variable, calculated if and when applicable. These charges include Withholding Tax, Registration Fees on security documents and Stamp Duty. For Contracts Regulated by the National Credit Code, the only fees and charges that are payable are those set out in that contract (as varied from time to time). |
| Discharge administration fee | EXIT | $300 | A Discharge Administration fee is payable when you request us to close your loan account, or produce title deeds at settlement. If Greater Bank incurs any costs associated when doing this, the cost will also be passed on to you. |
| Administration fee | VARIATION | $350 | Payable when we consent to any subdivision, lease, discharge, partial discharge, change of name, release of a Security, changing a policy of lenders mortgage insurance, creation of subsequent Security Interest or any dealing in relation to a Security. |
| Conversion fee - Switch to any other loan type | VARIATION | $350 | $350 payable when you change the type or structure of your loan without borrowing more e.g. changing loan products, switching from fixed to variable or changing between Principal & Interest and Interest Only repayments. If more than one loan is being converted at the same time each additional loan converted will attract a reduced fee of $250. No conversion fee to switch to an Ultimate Home Loan |
| Property Exchange Australia (PEXA) transaction fee | EVENT | - | Fee amount will be variable, calculated if and when applicable. Payable when we have to register any documents in relation to a security using PEXA, request information using PEXA, or we process a financial settlement using PEXA. Fees are applied as charged by PEXA |
| Construction Loan Draw Down Fee | WITHDRAWAL | $80 | Payable when we make a progress payment pursuant to your loan contract |
| Title insurance premium | UPFRONT | - | Fee amount will be variable, calculated if and when applicable. The amount charged by our title insurer for a lenders title insurance policy. |
| Establishment fee | UPFRONT | $500 | $500.00 based on one security plus $250.00 for each additional security. |
| Default notice fee | LATE_PAYMENT | $50 | Payable when we send you a notice informing you of a default under this contract |
| Information fee - Per Page | ENQUIRY | $1 | Payable when we provide information or copies to you or a third party that relates to a Security, dealing document, or any record relating to your Contract or loan account (other than information you are entitled to obtain free of charge under the National Credit Code (where applicable)). |
| EasyPay notification fee - Letter | WITHDRAWAL | $8 | - |
| Bank transfer fee | WITHDRAWAL | $8 | Applicable when receiving an inward RTGS (Real time gross settlement) |
| Mercantile agents fee | EVENT | - | Fee amount will be variable, calculated if and when applicable. Payable when we instruct a mercantile agent to contact you on our behalf in relation to this loan or a security. |
| Guarantee fee | UPFRONT | $200 | Payable for each guarantee provided |
| Redraw over-the-counter fee | WITHDRAWAL | $30 | Each time you re-borrow money by making written application to any branch of Greater Bank Ltd. |
| Settlement processing fee | UPFRONT | $180 | Payable for costs we incur in arranging settlement of the loan |
| Information fee | ENQUIRY | $20 | $20.00 plus $1.00 per page copied. Payable when we provide information or copies to you or a third party that relates to a Security, dealing document, or any record relating to your Contract or loan account (other than information you are entitled to obtain free of charge under the National Credit Code (where applicable)). |
| Law stationers fee | EVENT | - | Fee amount will be variable, calculated if and when applicable. Payable when a third party agent acts for or otherwise assists us in relation to (including when we request information in respect of a security or any other matter in connection with) your contract with us or a security. |
| Legal fee | EVENT | - | Fee amount will be variable, calculated if and when applicable. Payable when (or after) we make the amount of credit available to you for any costs and disbursements we have to pay a solicitor or conveyancer for acting for us in relation to this loan |
| Foreign currency deposit fee | DEPOSIT | $5 | - |
| EasyPay notification fee - SMS | WITHDRAWAL | $0.20 | - |
| SMS alert fee | TRANSACTION | $0.20 | Charged for each SMS alert that is sent to you notifying you of account balances and/or other nominated transactions. |
Rate history
Rate Comparison rate
The figures behind this chart
| From | Until | Rate | Comparison |
|---|---|---|---|
| 2026-07-15 | 2026-07-20 | 6.04% | 5.99% |
| 2026-08-08 | 2026-09-30 (current) | 5.94% | 5.89% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- Split Loan
Who can apply
- min age - 18
- otherMust be identifiable in terms of legislative requirements. Lending criteria apply.
- natural person
- residency status - Australian Residents only
Limits
- max lvr - 0.80Maximum LVR for Interest Only loans.
- min limit - 150000.00
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-09-23T14:00:00Z · Product ID: 3295