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Flexible options to fit your needs

You may need to pay lenders mortgage insurance (LMI) because your loan to value ratio (LVR) is more than 80%.
Loan purpose
Loan type
Basic Variable
All the features you need and nothing you don't.
Discounted rates from
6.79
%
p.a.
Comparison rate^
7.16
%
p.a.
Repayments
$1,922
Monthly
Borrowing $500,000 over 30 years paying principal and interest. Repayments are an estimation only.*
Features
Competitive discounted variable rate
$0 monthly or annual fees
Unlimited extra repayments
Redraw at any time for free7
^Comparison rate warning and T&Cs apply
New and additional lending only and subject to eligibility.1,2
Offset Variable
100% offset home loan that makes saving on interest easy.8
Discounted rates from
6.79
%
p.a.
Comparison rate^
7.16
%
p.a.
Repayments
$1,922
Monthly
Borrowing $500,000 over 30 years paying principal and interest. Repayments are an estimation only.*
Features
100% Multi-Account Offset8
Unlimited extra repayments
Smart features like split loan options and top-ups
Redraw at any time for free7
^Comparison rate warning and T&Cs apply
New and additional lending only and subject to eligibility.1,2
Fixed Rate
A competitive fixed rate plus the flexibility to pay up to $5,000 in extra repayments during the fixed term9,10
6.79
%
p.a.
Comparison rate^
7.16
%
p.a.
Repayments
$1,922
Monthly
Borrowing $500,000 over 30 years paying principal and interest. Repayments are an estimation only.*
Features
Certainty of repayments for the fixed period.
$5,000 in extra repayments during fixed term9
Redraw your extra repayments any time for free7
^Comparison rate warning and T&Cs apply
Subject to eligibility. Rate period applies4,5
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Why we're different

We like to do things a little differently. Here are a few things you can expect from us:

  • Intuitive tools to help you save smarter, not harder
  • Flexible loan options to help you pay it off sooner
  • We've been putting customers first for over 75 years
The entire process could not have been easier. We moved a loan from another bank we were disappointed in and I couldn't believe just how simple it was.
Paul, NSW
Great Southern Bank customer

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Important information

Rates are current as at 1 June 2021 and subject to change.

Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL and Australian Credit Licence 238317. Lending criteria, limits, conditions, and fees apply. Applications are subject to credit approval.

^ Comparison rate accurate for $150,000 secured loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

* Repayment is indicative only based on the stated information. Changes in interest rates, repayment frequency and loan term will affect the repayment amount. The calculations do not take into account fees, charges or other amounts that may be charged to the loan (such as establishment fees and security administration fees). If you are borrowing more than 80% of the value of the property, Lenders’ Mortgage Insurance may apply. Any of these additional amounts will increase the repayments under the loan. Calculations are not a loan approval. Applications are subject to credit approval, satisfactory security, and minimum deposit requirements. Conditions apply to all loan options.

1 Discounts off the Basic Variable and Offset Variable Reference Rate are available to (a) new home loans with a minimum application amount of $100,000; or (b) switching or restructuring of the home loan you already have with us when it includes new borrowing of at least $10,000; for new home loan applications received on or after 1 June 2021. Published interest rates are inclusive of any discounts off the respective Reference Rates. Interest rates and discounts vary based on the loan purpose (owner occupier and investor), repayment type (principal and interest, interest only, construction) and Loan to Value Ratio (LVR). Maximum LVR applies and includes Lenders Mortgage Insurance and Great Southern Bank loan setup fees where applicable.

2 Great Southern Bank may withdraw or amend this offer at any time without notice. A change in your loan purpose, your repayment type or your loan product will permanently end your entitlement to the discount and your interest rate will revert to the relevant Basic Variable or Offset Variable Reference Rate.

3 LVR means ‘Loan to Value Ratio’. It is the amount of your loan divided by the valuation of your property, calculated as a percentage. For example, if you apply for a loan of $400,000, which will be secured by a property valued at $500,000, your LVR is 80%. We calculate your LVR at the time we approve your loan and your discount won’t change because of changes to the LVR during the life of your loan.

4 Fixed Rate loans are available to (a) new home loans with a minimum application amount of $100,000; or (b) switching or restructuring of existing home loans.

5 On expiry of the fixed rate period, the loan reverts to the Standard Variable Principal & Interest Owner Occupier or Investor Reference Rate (as applicable) which applies at the time of expiry.

6 For Interest Only loans, a maximum interest only period of 24 months applies for owner occupier loans and 60 months for investment loans. For Fixed Rate loans, the interest only period must align with the fixed rate period. On expiry of the Fixed Rate interest only period, loans will revert to the Standard Variable Principal and Interest Owner Occupier or Investor Reference Rate (as applicable) which applies at the time of expiry. On expiry of the Basic Variable interest only period, loans will revert to the Basic Variable Principal and Interest Owner Occupier or Investor Reference Rate (as applicable) which applies at the time of expiry, less any discount set out in the loan contract. On expiry of the Offset Variable interest only period, loans will revert to the Offset Variable Principal and Interest Owner Occupier or Investor Reference Rate (as applicable) which applies at the time of expiry, less any discount set out in the loan contract. Comparison rate for Interest Only loan is based on interest only payments for the fixed term and principal & interest payments for the balance of the term.

7 A $200 minimum withdrawal amount applies for redraws conducted in-branch.

8 You must maintain a minimum balance of $500 in each offset account to obtain an offset benefit. You will also not receive any interest on the funds in your offset accounts.

9 A daily transfer will refund any amounts paid in advance in excess of the total advance repayments allowed during the fixed rate period unless sufficient to pay out the loan in full (in which case an Early Payout Fee may apply). Excess funds will be transferred to the nominated deposit account, which must remain open for the fixed rate period.

10 An early payout fee may apply if the loan is terminated during the fixed rate period. A partial early payout fee may apply if a reduction to the principal is requested during the fixed rate period.