Greater Bank home loan repayment calculator

Thinking about taking out a home loan with Greater Bank? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Greater Bank home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated mortgage repayments

at interest rate 5.00%

Total interest payable

$0

Total loan repayments

$0

Pros and cons

  • Award-winning customer service.
  • Opportunity to bundle the loan with other products.
  • Flexible loan options.
  • Competitive interest rates.
  • No low doc option.
  • Only available to customers in NSW, ACT and QLD.

Greater Bank home loans rates

Advertised Rate

2.59%

Variable

Total estimated upfront fees
$0
Comparison Rate*

2.60%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

2.69%

Variable

Total estimated upfront fees
$0
Comparison Rate*

2.70%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

2.79%

Variable

Total estimated upfront fees
$0
Comparison Rate*

2.80%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

2.89%

Variable

Total estimated upfront fees
$0
Comparison Rate*

2.90%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

2.19%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.09%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

2.29%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.13%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

2.09%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.16%

Ongoing fee
$0
Go to site
Company
Greater Bank

Winner of Best 4 year fixed pi, RateCity Gold Awards 2021

More details
Advertised Rate

2.19%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.19%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

1.99%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.25%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

2.09%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.27%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

2.85%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.28%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

1.99%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

3.38%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

2.19%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.38%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

2.95%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.38%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

2.09%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

3.39%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

2.29%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.42%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

2.99%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.42%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

2.09%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.43%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

2.49%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.43%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

2.19%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.47%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

2.59%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.47%

Ongoing fee
$0
Go to site
Company
Greater Bank

Winner of Best investor interest only loan, RateCity Gold Awards 2021

More details
Advertised Rate

1.89%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

3.51%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

1.99%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.51%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

1.99%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

3.52%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

3.09%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.52%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

2.09%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.54%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

2.59%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.57%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

2.69%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.60%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

1.99%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

3.62%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

2.39%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.63%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

2.09%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

3.64%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

2.49%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.65%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

3.66%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.67%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

2.49%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.71%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

1.89%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

3.74%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

1.99%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

3.75%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

2.39%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

3.76%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

2.49%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

3.77%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

3.76%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.77%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

2.59%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.81%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

2.59%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.84%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

2.39%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.88%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

3.46%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.88%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

2.39%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

3.90%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

2.49%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

3.90%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

2.69%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.94%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

2.49%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.98%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

3.56%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.98%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

2.39%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

3.99%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

4.04%

Variable

Total estimated upfront fees
$0
Comparison Rate*

4.05%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

2.49%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

4.09%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

2.39%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

4.12%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

4.14%

Variable

Total estimated upfront fees
$0
Comparison Rate*

4.15%

Ongoing fee
$0
Go to site
Company
Greater Bank
More details
Advertised Rate

2.49%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

4.22%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

3.84%

Variable

Total estimated upfront fees
$0
Comparison Rate*

4.25%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

3.90%

Variable

Total estimated upfront fees
$0
Comparison Rate*

4.31%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

3.90%

Variable

Total estimated upfront fees
$0
Comparison Rate*

4.31%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

3.94%

Variable

Total estimated upfront fees
$0
Comparison Rate*

4.35%

Ongoing fee
$395 annually
Go to site
Company
Greater Bank
More details
Advertised Rate

4.60%

Variable

Total estimated upfront fees
$500
Comparison Rate*

4.76%

Ongoing fee
$10 monthly
Go to site
Company
Greater Bank
More details
Advertised Rate

4.60%

Variable

Total estimated upfront fees
$500
Comparison Rate*

4.76%

Ongoing fee
$10 monthly
Go to site
Company
Greater Bank
More details

Greater Bank customer service

Greater Bank customers with general enquiries can contact the customer support centre six days a week and home loan customers have a direct line to the loan centre. In addition to round the clock telephone banking, Greater Bank customers can email the fraud prevention department at any time. Greater Bank customers have access to over 3000 ATMs nationwide and can use Westpac, St George, Bank of Melbourne and Bank of SA ATMs without additional charges. Greater Bank customers can also contact support via the live chat function or if they’re located along the eastern seaboard can pop in to a branch.

  • Customer service centre (phone)
  • Mobile app
  • Online banking
  • Email
  • Live Chat
  • Branch
  • Mobile banking staff

How to Apply

Borrowers wanting to apply for a Greater Bank loan can do so by contacting the bank directly, filling out an online application form or calling the bank’s loan hotline. Before applying for a Greater Bank home loan, consider what you can afford to borrow and what other costs you need to factor in. To apply for a Greater Bank loan, you will need to supply the following information:

  • Personal identity information.
  • Proof of income and employment.
  • Information regarding your current debts, liabilities and assets.

Note: only available to customers in NSW, ACT and QLD.

Should I become a guarantor?

You should carefully weigh up the pros and cons before signing on as a guarantor – because while it can be very rewarding if everything goes according to plan, it can have serious consequences if the plan goes awry.

If the person you’re guaranteeing keeps up with their mortgage repayments, you’ll be able to take pleasure in helping them fulfil their dream of home ownership.

However if that person fails to meet their mortgage repayments, it might damage or destroy your relationship. Your finances might also be affected if the lender asks you to make the repayments or even seizes your home to settle the debt.

What is a debt service ratio?

A method of gauging a borrower’s home loan serviceability (ability to afford home loan repayments), the debt service ratio (DSR) is the fraction of an applicant’s income that will need to go towards paying back a loan. The DSR is typically expressed as a percentage, and lenders may decline loans to borrowers with too high a DSR (often over 30 per cent).

How do I save for a mortgage when renting?

Saving for a deposit to secure a mortgage when renting is challenging but it can be done with time and patience. If you’re on a single income it can be even more difficult but this shouldn’t discourage you from buying your own home.

To save for a deposit, plan out a monthly budget and put it in a prominent position so it acts as a daily reminder of your ultimate goal. In your budget, set aside an amount of money each week to go into a savings account so you can start building up the ‘0’s’ in your account.  There are a range of online savings accounts that offer reasonable interest, although some will only off you high rates for the first few months so be wary of this.

If you aren’t able to save a large deposit, you can consider ways of entering the market that require small or no deposits. This can include getting a parent to act as guarantor for your home loan or entering the market with an interest only loan.

Can I check my rates more than once? Can I go back to view loans from a different device (e.g. my phone) or at another time without having to enter details in again?

You can only check your rates once. However we will send you, via email, the link to the result page so that you may return to it.

Does the Rate Guarantee apply to discounted interest rate offers, such as honeymoon rates?

No. Temporary discounts to home loan interest rates will expire after a limited time, so they aren’t valid for comparing home loans as part of the Rate Guarantee.

However, if your home loan has been discounted from the lender’s standard rate on a permanent basis, you can check if we can find an even lower rate that could apply to you.

How can I avoid mortgage insurance?

Lenders mortgage insurance (LMI) can be avoided by having a substantial deposit saved up before you apply for a loan, usually around 20 per cent or more (or a LVR of 80 per cent or less). This amount needs to be considered genuine savings by your lender so it has to have been in your account for three months rather than a lump sum that has just been deposited.

Some lenders may even require a six months saving history so the best way to ensure you don’t end up paying LMI is to plan ahead for your home loan and save regularly.

Tip: You can use RateCity mortgage repayment calculator to calculate your LMI based on your borrowing profile

The fine print – what are the eligibility criteria?

This competition is only available to Australian residents who are over 18 and check their home loan interest rate at RateCity. However, you are not required to refinance your home loan or apply for any financial products.

You can still enter if you don’t have a home loan yet – enter how much you plan to borrow and the details of the property you’re considering, and we’ll compare mortgage offers that may suit your needs and estimate how much you could save compared to a loan with an average interest rate. 

How does a line of credit work?

A line of credit functions in a similar way to a credit card. You have a pre-approved borrowing limit and can draw on as little or as much of that sum as you need it, with interest paid on the outstanding balance.

Popular products include Commonwealth Bank Viridian Line of Credit, ANZ Equity Manager, Westpac Equity Access and NAB Flexiplus.

How personalised is my rating?

Real Time Ratings produces instant scores for loan products and updates them based what you tell us about what you’re looking for in a loan. In that sense, we believe the ratings are as close as you get to personalised; the more you tell us, the more we customise to ratings to your needs. Some borrowers value flexibility, while others want the lowest cost loan. Your preferences will be reflected in the rating. 

We also take a shorter term, more realistic view of how long borrowers hold onto their loan, which gives you a better idea about the true borrowing costs. We take your loan details and calculate how much each of the relevent loans would cost you on average each month over the next five years. We assess the overall flexibility of each loan and give you an easy indication of which ones are likely to adjust to your needs over time. 

What is the flexibility score?

Today’s home loans often try to lure borrowers with a range of flexible features, including offset accounts, redraw facilities, repayment frequency options, repayment holidays, split loan options and portability. Real Time Ratings™ weights each of these features based on popularity and gives loans a ‘flexibility score’ based on how much they cater to borrowers’ needs over time. The aim is to give a higher score to loans which give borrowers more features and options.

What is an interest-only loan? (include how do I work out interest-only loan repayments)

An ‘interest-only’ loan is a loan where the borrower is only required to pay back the interest on the loan. Typically, banks will only let lenders do this for a fixed period of time – often five years – however some lenders will be happy to extend this.

Interest-only loans are popular with investors who aren’t keen on putting a lot of capital into their investment property. It is also a handy feature for people who need to reduce their mortgage repayments for a short period of time while they are travelling overseas, or taking time off to look after a new family member, for example.

While moving on to interest-only will make your monthly repayments cheaper, ultimately, you will end up paying your bank thousands of dollars extra in interest to make up for the time where you weren’t paying off the principal.

What happens to my home loan when interest rates rise?

If you are on a variable rate home loan, every so often your rate will be subject to increases and decreases. Rate changes are determined by your lender, not the Reserve Bank of Australia, however often when the RBA changes the cash rate, a number of banks will follow suit, at least to some extent. You can use RateCity cash rate to check how the latest interest rate change affected your mortgage interest rate.

When your rate rises, you will be required to pay your bank more each month in mortgage repayments. Similarly, if your interest rate is cut, then your monthly repayments will decrease. Your lender will notify you of what your new repayments will be, although you can do the calculations yourself, and compare other home loan rates using our mortgage calculator.

There is no way of conclusively predicting when interest rates will go up or down on home loans so if you prefer a more stable approach consider opting for a fixed rate loan.

How can I get a home loan with bad credit?

If you want to get a home loan with bad credit, you need to convince a lender that your problems are behind you and that you will, indeed, be able to repay a mortgage.

One step you might want to take is to visit a mortgage broker who specialises in bad credit home loans (also known as ‘non-conforming home loans’ or ‘sub-prime home loans’). An experienced broker will know which lenders to approach, and how to plead your case with each of them.

Two points to bear in mind are:

  • Many home loan lenders don’t provide bad credit mortgages
  • Each lender has its own policies, and therefore favours different things

If you’d prefer to directly approach the lender yourself, you’re more likely to find success with smaller non-bank lenders that specialise in bad credit home loans (as opposed to bigger banks that prefer ‘vanilla’ mortgages). That’s because these smaller lenders are more likely to treat you as a unique individual rather than judge you according to a one-size-fits-all policy.

Lenders try to minimise their risk, so if you want to get a home loan with bad credit, you need to do everything you can to convince lenders that you’re safer than your credit history might suggest. If possible, provide paperwork that shows:

  • You have a secure job
  • You have a steady income
  • You’ve been reducing your debts
  • You’ve been increasing your savings

When should I switch home loans?

The answer to this question is dependent on your personal circumstances – there is no best time for refinancing that will apply to everyone.

If you want a lower interest rate but are happy with the other aspects of your loan it may be worth calling your lender to see if you can negotiate a better deal. If you have some equity up your sleeve – at least 20 per cent – and have done your homework to see what other lenders are offering new customers, pick up the phone to your bank and negotiate. If they aren’t prepared to offer you lower rate or fees, then you’ve already done the research, so consider switching.

What is upfront fee?

An ‘upfront’ or ‘application’ fee is a one-off expense you are charged by your bank when you take out a loan. The average start-up fee is around $600 however there are over 1,000 loans on the market with none at all. If the loan you want does include an application fee, try and negotiate to have it waived. You’ll be surprised what your bank agrees to when they want your business.