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 repayments

at interest rate 3.47 %

Total interest payable

$0

Total amount payable

$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

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

3.47%

Variable

$0

3.48%

$0
Greater Bank
More details

3.57%

Variable

$0

3.58%

$0
Greater Bank
More details

2.99%

Fixed - 3 years

$0

3.79%

$0
Greater Bank
More details

2.99%

Fixed - 3 years

$0

3.79%

$0
Greater Bank
More details

3.39%

Fixed - 5 years

$0

3.79%

$0
Greater Bank
More details

3.39%

Fixed - 5 years

$0

3.79%

$0
Greater Bank
More details

3.39%

Fixed - 4 years

$0

3.84%

$0
Greater Bank
More details

3.39%

Fixed - 4 years

$0

3.84%

$0
Greater Bank
More details

2.99%

Fixed - 2 years

$0

3.87%

$0
Greater Bank
More details

2.99%

Fixed - 2 years

$0

3.87%

$0
Greater Bank
More details

3.47%

Variable

$0

3.89%

$395 annually
Greater Bank
More details

2.79%

Fixed - 1 year

$0

3.95%

$0
Greater Bank
More details

2.79%

Fixed - 1 year

$0

3.95%

$0
Greater Bank
More details

3.49%

Fixed - 5 years

$0

3.98%

$0
Greater Bank
More details

3.49%

Fixed - 5 years

$0

3.98%

$0
Greater Bank
More details

3.09%

Fixed - 3 years

$0

3.99%

$0
Greater Bank
More details

3.09%

Fixed - 3 years

$0

3.99%

$0
Greater Bank
More details

3.57%

Variable

$0

3.99%

$395 annually
Greater Bank
More details

3.49%

Fixed - 4 years

$0

4.03%

$0
Greater Bank
More details

3.49%

Fixed - 4 years

$0

4.03%

$0
Greater Bank
More details

2.99%

Fixed - 3 years

$0

4.04%

$395 annually
Greater Bank
More details

4.05%

Variable

$0

4.06%

$0
Greater Bank
More details

3.39%

Fixed - 5 years

$0

4.07%

$395 annually
Greater Bank
More details

3.39%

Fixed - 5 years

$0

4.07%

$395 annually
Greater Bank
More details

3.09%

Fixed - 2 years

$0

4.09%

$0
Greater Bank
More details

3.09%

Fixed - 2 years

$0

4.09%

$0
Greater Bank
More details

2.99%

Fixed - 2 years

$0

4.11%

$395 annually
Greater Bank
More details

2.99%

Fixed - 2 years

$0

4.11%

$395 annually
Greater Bank
More details

3.39%

Fixed - 4 years

$0

4.11%

$395 annually
Greater Bank
More details

3.39%

Fixed - 4 years

$0

4.11%

$395 annually
Greater Bank
More details

2.79%

Fixed - 1 year

$0

4.16%

$395 annually
Greater Bank
More details

2.79%

Fixed - 1 year

$0

4.16%

$395 annually
Greater Bank
More details

4.15%

Variable

$0

4.16%

$0
Greater Bank
More details

2.89%

Fixed - 1 year

$0

4.18%

$0
Greater Bank
More details

2.89%

Fixed - 1 year

$0

4.18%

$0
Greater Bank
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4.18%

Variable

$0

4.19%

$0
Greater Bank
More details

3.49%

Fixed - 3 years

$0

4.20%

$0
Greater Bank
More details

3.89%

Fixed - 5 years

$0

4.22%

$0
Greater Bank
More details

3.09%

Fixed - 3 years

$0

4.25%

$395 annually
Greater Bank
More details

3.09%

Fixed - 3 years

$0

4.25%

$395 annually
Greater Bank
More details

3.49%

Fixed - 5 years

$0

4.26%

$395 annually
Greater Bank
More details

3.49%

Fixed - 5 years

$0

4.26%

$395 annually
Greater Bank
More details

3.85%

Variable

$0

4.26%

$395 annually
Greater Bank
More details

3.89%

Fixed - 4 years

$0

4.26%

$0
Greater Bank
More details

4.28%

Variable

$0

4.29%

$0
Greater Bank
More details

3.49%

Fixed - 4 years

$0

4.30%

$395 annually
Greater Bank
More details

3.49%

Fixed - 4 years

$0

4.30%

$395 annually
Greater Bank
More details

3.09%

Fixed - 2 years

$0

4.33%

$395 annually
Greater Bank
More details

3.09%

Fixed - 2 years

$0

4.33%

$395 annually
Greater Bank
More details

3.29%

Fixed - 1 year

$0

4.33%

$0
Greater Bank
More details

3.59%

Fixed - 3 years

$0

4.33%

$0
Greater Bank
More details

3.99%

Fixed - 5 years

$0

4.34%

$0
Greater Bank
More details

3.95%

Variable

$0

4.36%

$395 annually
Greater Bank
More details

3.49%

Fixed - 2 years

$0

4.37%

$0
Greater Bank
More details

2.89%

Fixed - 1 year

$0

4.39%

$395 annually
Greater Bank
More details

2.89%

Fixed - 1 year

$0

4.39%

$395 annually
Greater Bank
More details

3.98%

Variable

$0

4.39%

$395 annually
Greater Bank
More details

3.99%

Fixed - 4 years

$0

4.39%

$0
Greater Bank
More details

3.59%

Fixed - 2 years

$0

4.41%

$0
Greater Bank
More details

3.49%

Fixed - 3 years

$0

4.44%

$395 annually
Greater Bank
More details

4.43%

Variable

$0

4.44%

$0
Greater Bank
More details

3.39%

Fixed - 1 year

$0

4.47%

$0
Greater Bank
More details

3.89%

Fixed - 5 years

$0

4.49%

$395 annually
Greater Bank
More details

4.08%

Variable

$0

4.49%

$395 annually
Greater Bank
More details

3.49%

Fixed - 2 years

$0

4.50%

$395 annually
Greater Bank
More details

3.89%

Fixed - 4 years

$0

4.52%

$395 annually
Greater Bank
More details

3.29%

Fixed - 1 year

$0

4.54%

$395 annually
Greater Bank
More details

4.53%

Variable

$0

4.54%

$0
Greater Bank
More details

4.23%

Variable

$0

4.63%

$395 annually
Greater Bank
More details

3.59%

Fixed - 3 years

$0

4.65%

$395 annually
Greater Bank
More details

3.99%

Fixed - 5 years

$0

4.68%

$395 annually
Greater Bank
More details

4.29%

Variable

$0

4.69%

$395 annually
Greater Bank
More details

3.99%

Fixed - 4 years

$0

4.71%

$395 annually
Greater Bank
More details

3.59%

Fixed - 2 years

$0

4.72%

$395 annually
Greater Bank
More details

4.33%

Variable

$0

4.73%

$395 annually
Greater Bank
More details

3.39%

Fixed - 1 year

$0

4.78%

$395 annually
Greater Bank
More details

4.99%

Variable

$500

5.14%

$10 monthly
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.

How do I find out my current interest rate and how much is owing on my loan?

Your bank statements and/or your internet banking should show these details. If you are not sure, call your bank or estimate.

Mortgage Calculator, Repayment Type

Will you pay off the amount you borrowed + interest or just the interest for a period?

Mortgage Calculator, Loan Term

How long you wish to take to pay off your loan. 

What is a draw down?

The transfer of money from a lending institution to a borrower. In a typical home loan, the funds are drawn down all at once in order to buy the property. In a construction loan, the money is drawn down in several stages to pay the builders as they progress through each phase of the project. In a line of credit loan, you can draw down money up to a limit based on your loan’s available equity.

How do guaranteed home loans work?

A guaranteed home loan involves a guarantor (often a parent) promising to pay off a mortgage if the principal borrower (often the child) fails to do so. The guarantor will also have to provide security, which is often the family home.

The principal borrower will usually be someone struggling to find the money to enter the property market. By partnering with a guarantor, the borrower increases their financial power and becomes less of a risk in the eyes of lenders. As a result, the borrower may:

  • Qualify for a mortgage that they would have otherwise been denied
  • Not be required to pay lender’s mortgage insurance (LMI)
  • Be charged a lower interest rate
  • Be charged less in fees

Do other comparison sites offer the same service?

Real Time RatingsTM is the only online system that ranks the home loan market based on your personal borrowing preferences. Until now, home loans have been rated based on outdated data. Our system is unique because it reacts to changes as soon as we update our database.

What does going guarantor' mean?

Going guarantor means a person offers up the equity in their home as security for your loan. This is a serious commitment which can have major repercussions if the person is not able to make their repayments and defaults on their loan. In this scenario, the bank will legally be able to the guarantor until the debt is settled.

Not everyone can be a guarantor. Lenders will generally only allow immediate family members to act as a guarantor but this can sometimes be stretched to include extended family depending on the circumstances.

What is a specialist lender?

Specialist lenders, also known as non-conforming lenders, are lenders that offer mortgages to ‘non-vanilla’ borrowers who struggle to get finance at mainstream banks.

That includes people with bad credit, as well as borrowers who are self-employed, in casual employment or are new to Australia.

Specialist lenders take a much more flexible approach to assessing mortgage applications than mainstream banks.

What is the best interest rate for a mortgage?

The fastest way to find out what the lowest interest rates on the market are is to use a comparison website.

While a low interest rate is highly preferable, it is not the only factor that will determine whether a particular loan is right for you.

Loans with low interest rates can often include hidden catches, such as high fees or a period of low rates which jumps up after the introductory period has ended.

To work out the best value for money, have a look at a loan’s comparison rate and read the fine print to get across all the fees and charges that you could be theoretically charged over the life of the loan.

What are extra repayments?

Additional payments to your home loan above the minimum monthly instalments, which can help to reduce the loan’s term and remaining payable interest.

How much of the RBA rate cut do lenders pass on to borrowers?

When the Reserve Bank of Australia cuts its official cash rate, there is no guarantee lenders will then pass that cut on to lenders by way of lower interest rates. 

Sometimes lenders pass on the cut in full, sometimes they partially pass on the cut, sometimes they don’t at all. When they don’t, they often defend the decision by saying they need to balance the needs of their shareholders with the needs of their borrowers. 

As the attached graph shows, more recent cuts have seen less lenders passing on the full RBA interest rate cut; the average lender was more likely to pass on about two-thirds of the 25 basis points cut to its borrowers.  image002

Are bad credit home loans dangerous?

Bad credit home loans can be dangerous if the borrower signs up for a loan they’ll struggle to repay. This might occur if the borrower takes out a mortgage at the limit of their financial capacity, especially if they have some combination of a low income, an insecure job and poor savings habits.

Bad credit home loans can also be dangerous if the borrower buys a home in a stagnant or falling market – because if the home has to be sold, they might be left with ‘negative equity’ (where the home is worth less than the mortgage).

That said, bad credit home loans can work out well if the borrower is able to repay the mortgage – for example, if they borrow conservatively, have a decent income, a secure job and good savings habits. Another good sign is if the borrower buys a property in a market that is likely to rise over the long term.

What is a line of credit?

A line of credit, also known as a home equity loan, is a type of mortgage that allows you to borrow money using the equity in your property.

Equity is the value of your property, less any outstanding debt against it. For example, if you have a $500,000 property and a $300,000 mortgage against the property, then you have $200,000 equity. This is the portion of the property that you actually own.

This type of loan is a flexible mortgage that allows you to draw on funds when you need them, similar to a credit card.

How can I calculate interest on my home loan?

You can calculate the total interest you will pay over the life of your loan by using a mortgage calculator. The calculator will estimate your repayments based on the amount you want to borrow, the interest rate, the length of your loan, whether you are an owner-occupier or an investor and whether you plan to pay ‘principal and interest’ or ‘interest-only’.

If you are buying a new home, the calculator will also help you work out how much you’ll need to pay in stamp duty and other related costs.

Can you get a car loan as a single mum?