Greater Bank - Great Rate Home Loan
Discount Variable | Owner Occupied | Principal & Interest | LVR up to 80% | Borrowing more than $150,000
The Greater Bank Great Rate Home Loan offers an advertised interest rate of 5.99% p.a. and a comparison interest rate of 6% p.a.. The Greater Bank Great Rate Home Loan is suitable for Owner Occupiers with Variable terms.
More Greater Bank Great Rate Home Loan details can be found below or visit Greater Bank to learn more or apply.
A Variable rate loan for Owner Occupiers repaying the Principal & Interest with an advertised interest rate of 5.99% p.a. and a comparison interest rate of 6% p.a.
Advertised Rate
5.99% p.a. Variable
Comparison Rate
6% p.a. Variable
Application Fee
$0 one off
Loan To Value
80%
Interest
Rate Type
Variable
Advertised Rate
5.99% p.a.
Variable
Comparison Rate
6% p.a.
Variable
Calculation Frequency
Daily
Application Frequency
Monthly
Terms
Suitability
Owner Occupiers
Borrowing
$150,000
Term
1 to 30
years
Loan To Value
80%
Repayment
Type
Principal & Interest
Frequency
Weekly, Monthly, Fortnightly
Extra Repayments
Yes
Fees
Application Fee
$0
one off
Settlement Fee
$180
per event
Ongoing Fee
$0
per month
Discharge Fee
$300
per event
Redraw Fee - Staff Assist
$30
per event
Features
Redraw
Yes
Loan Split
Yes
Allow Guarantors
Yes
Who is the product designed for?
This product is suitable for customers who:
- Are willing to accept the risk that their interest rate and repayments may go up or down over the life of the loan generally in line with interest rate fluctuations in the market.
- May require flexibility, such as unlimited early repayments and paying out the loan without incurring additional costs and/or progressive drawdown.
- Do not require an offset facility with their home loan.
- May require a variable discounted loan (only available on loans equal to or less than $150,000 with a maximum LVR of equal to or less 80% at time of approval).
- Want to repay both the principal and interest over the period of the loan.
- Are purchasing a property that they intend to live in.
- Want a lower rate of interest (than an investment loan).
- Want to obtain a loan with the support of their immediate family by adding a family owned asset as security on the loan (Family Pledge facility).
Visit Greater Bank to view Target Market Determination Effective From: 2023-10-05.
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