Greater Bank is a customer-owned bank that offers similar services to the big banks, but doesn’t pass on profits to shareholders.
Founded in 1945, the bank was previously known as the Greater Bank Building Society.
Greater Bank’s headquarters is in Hamilton, New South Wales. It has almost 100 branches plus mobile lenders across NSW and south-east Queensland.
Greater Bank has more than 260,000 customers and assets worth over $7 billion.
Benefits
Drawbacks
Australian Credit Licence 237476Fees & charges apply
6.78%
7.17%
$591
$35,456
Australian Credit Licence 237476Fees & charges apply
8.99%
9.38%
$623
$37,356
Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.
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Personal loan amount
Interest rates
Greater Bank offers only fixed-rate loans. Secured personal loans generally have lower interest rates than unsecured personal loans.
Personal loan terms
Repayment options
Fees
Approval process
As long as your documents are in order and you meet Greater Bank's lending criteria, you can be approved within 24 hours of applying for a personal loan.
Greater Bank has almost 100 branches across New South Wales and south-east Queensland, which is the largest branch network of any Australian building society. Customers can also get face-to-face assistance from a team of mobile lenders. Contact can be made the following ways:
To be eligible for a Greater Bank personal loan you must:
You can either submit an online application or apply for a personal loan in a branch.
To fill in a Greater Bank personal loan application, you’ll need to have the following information and documents on hand:
If you receive child support, rental income or a family tax benefit, you will be required to submit additional documentation.
Greater Bank has several features on its personal loans that may suit many customers.
These include a free redraw facility, no monthly fees and the ability to make extra repayments or pay the entire personal loan off early without penalty.
Greater Bank has both secured and unsecured personal loans. A secured personal loan lets you use an asset as security, and Greater Bank allows customers to borrow 120 per cent of the value of the security. The interest rates on secured personal loans are moderately low compared to other lenders.
Unsecured loans have no collateral. Greater Bank won’t let you borrow as much and will also charge a higher interest rate than for a secured loan. Compared to other lenders, the unsecured interest rate is moderate.
Personal loans with Greater Bank would not suit customers looking to borrow just a small amount, as the minimum amount is $5,000.
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