We’re increasing variable home loan interest rates by 0.50% p.a. from 11 August, following the RBA’s August decision to raise the cash rate again. We will notify impacted customers shortly to confirm their new rate and minimum repayment amount. Learn more

Your browser is out of date. From Thu 28 April 2022, the Great Southern Bank website will not support your current browser, and you may have a degraded experience or be unable to connect. Update your browser to secure your online experience.

Search
Close

Features & benefits

Applying for a home loan to buy your first home is simple with a Basic Variable Home Loan from Great Southern Bank. Relax with handy features to pay your loan off sooner and free redraw just in case you need it.4
No monthly or annual fees
With $0 monthly and $0 annual account fees, you can save thousands over the life of your loan.
Unlimited extra repayments
Own your home sooner with the ability to make unlimited extra repayments without penalty.
Free redraw
Life happens sometimes. That’s why we have free redraw so you can access your additional repayments to cover the unexpected or whenever you need some breathing space.4
Use The Boost when shopping to get your mortgage dropping
The Boost lets you pay down your home loan every time you use your Great Southern Bank Debit Card. It's a clever way to repay smarter, not harder.
Save big on fees with us!
Apply for a home loan online with us, and we’ll waive your establishment and security admin fee – a total saving of $835!#

Looking to buy but unsure of your budget? Pre-approval can help.

You can apply for pre-approval even before you’ve found your property and be one step closer to a successful home purchase.
REFINANCE
Mortgage need enhancing?
Get clever refinancing.
Smart ways to pay off your home loan sooner.
SAVE TO OWN
Saving for your first home?
Realise your dream of home ownership with these smart steps.

Rates & fees

Compare our competitive interest rates.
For further comparison see all our home loan interest rates

Download the Key Facts Sheet for this home loan.

Rates

Loan type
Loan purpose
Loan-to-Value Ratio* 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.
Interest Rate**
Comparison Rate^
LVR is 70% or less
3.64% p.a.
4.54% p.a.
4.54% p.a.
4.09% p.a.
4.34% p.a.
4.99% p.a.
3.69% p.a.
3.93% p.a.
3.78% p.a.
4.14% p.a.
4.25% p.a.
4.23% p.a.
LVR is above 70% and less than or equal to 80%
3.79% p.a.
4.64% p.a.
4.54% p.a.
4.09% p.a.
4.44% p.a.
4.99% p.a.
3.84% p.a.
4.07% p.a.
3.91% p.a.
4.14% p.a.
4.29% p.a.
4.23% p.a.
LVR is above 80% and less than or equal to 90%
4.39% p.a.
4.79% p.a.
4.64% p.a.
4.69% p.a.
4.94% p.a.
5.09% p.a.
4.44% p.a.
4.55% p.a.
4.47% p.a.
4.75% p.a.
4.85% p.a.
4.78% p.a.
LVR is more than 90%
4.74% p.a.
---
---
---
---
---
4.80% p.a.
---
---
---
---
---

Loan type T&Cs apply.1,2,5,6,7
*Loan to Value Ratio (LVR) inclusive of Lenders Mortgage Insurance (LMI). 
**Rates are inclusive of discounts off the reference rate. Discounts available to new and additional lending from 11 August 2022 only.

Fees

ONLINE ONLY OFFER
Enjoy a $835 saving with $0 establishment fee and $0 security admin fee when you apply online!# Check your eligibility
Monthly Fee
$0
Annual Fee
$0
Establishment Fee
$600
$0 when you apply online#
Security Administration Fee
$235
$0 when you apply online#

Other fees may apply.

PODCAST
The Clever Way Home
A podcast series designed to help simplify the home buying process.

Home loan calculators

Wondering how much you can borrow? Or what your repayments will be each month? Our home loan calculators can crunch the numbers for you.

See all calculators

Repayments calculator
Borrowing power calculator
How to apply
You can start an application for a home, investment property or to refinance today.
The process
1. Get started online
You may be able to apply for a home loan online. Simply check if you qualify online and begin the application process.

If you are unable to apply online, don’t worry, one of our friendly home loan specialists will contact you to kick-start your application.
2. We’ll be in touch
Once we know a bit more about you and what you are looking for, we’ll contact you to help you on your home buying journey.

Prefer to talk to someone? Call us on 133 282 or visit your nearest Great Southern Bank branch.
Eligibility
  • Must be at least 18 years of age
  • Be a permanent resident of Australia
Eligibility for Owner Occupiers
  • Principal & Interest repayment: 95% maximum Loan to Value Ratio (LVR) including Lenders Mortgage Insurance (LMI)
  • Construction purpose: 95% maximum LVR including LMI
  • Interest Only repayment: 90% maximum LVR including LMI
Eligibility for Investors
  • 90% maximum LVR including LMI
What you will need:
  • Proof of identity, such as a passport or drivers license.
  • Details of your income and expenses.
  • Financial details, including what you own and what you owe.
  • If you are applying with another person, both applicants need to be present.
Speak to a Home Loan Specialist
We are here to help.

Speak to one of our Home Loan Specialists via live online chat.

Fill out our online enquiry form and one of our Home Loan Specialists will get back to you to start the process.

Mon - Fri: 8:00am - 7:00pm (AEST)
Sat: 8:00am - 4:00pm (AEST)

Discover our other home loans

Offset Variable Home Loan

100% offset home loan.

Fixed Rate Home Loan

Low fixed rate plus the flexibility to pay up to $30,000 in additional repayments during the fixed term.

Important Information

Rates are current as at 11 August 2022 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.

Discounts off the Basic 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; and the application is unconditionally approved on or after 11 August 2022. 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 or 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.

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

5 Principal and Interest loans are not available for construction purposes.

6 For Construction loans, payments are made on an interest only basis for the first 12 months. After 12 months, the loan will revert to the Basic Variable Principal & 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.

7 For Interest Only loans, a maximum interest only period of 36 months applies for owner occupier loans and 60 months for investor loans. On expiry of the interest only period, the loan will revert to the Basic Variable Principal & 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.

To view the Target Market Determination for this product, please click here.

# Online only offer includes $0 Establishment Fee and $0 Securities Administration Fee for new eligible online home loan applications received between 06/12/2021 and 31/08/2022 and settled by 30/11/2022. To be eligible to apply online you must be at least 18 years of age, a permanent resident of Australia, applying for yourself or as a married/defacto couple and buying an existing property or refinancing. Great Southern Bank may withdraw or amend this offer at any time without notice.

Speak to a Home Loan Specialist
Back
1 of 8
Speak to a Home Loan Specialist
Tell us what you're looking for and we'll be in touch
I'm buying a property
I'm building or renovating
I'm refinancing
Discuss my Great Southern Bank Home Loan
None of these
What stage are you at?
I'm ready to apply for a home loan
I'm applying for pre-approval
I want to know if I qualify
I'm researching my options

Applying for pre-approval allows you to know the maximum amount you can borrow while you look for a property.

Pre-approval means that a lender has agreed to lend you an amount of money in-principle, but the loan hasn't been proceeded to full or final approval.

While pre-approval is not a fully approved loan it can help you narrow your search, negotiate, and make an offer with certainty and confidence.

How much would you like to borrow?
If you are unsure, please enter an approximate amount.
The minimum amount you can borrow is $100,000
When would you like to borrow?
If unsure, please select an approximate timeframe.
Now
Within 3 months
In 3+ months
Are you a Great Southern Bank customer?
Great Southern Bank was previously known as CUA.
Yes
No
Do you have a home loan with Great Southern Bank?
Great Southern Bank was previously known as CUA.
Yes
No
Would you like to tell us anything else?
For security, never include any bank account or card details in your enquiry. You can provide this information later if it's needed.
Next
Skip this step
Tell us a little more about your plans
I'm planning to build
I'm planning to renovate
What stage are you at?
I'm ready to refinance
I want to know if I qualify
I'm researching my options
How much is your current mortgage?
Please enter a numeric value
What are your plans?
I want to increase my existing home loan
I want to switch or restructure my existing home loan
I want to discuss my existing home loan
What would you like to discuss?
Please provide a little information so we can best answer your query.
For security, never include any bank account or card details in your enquiry. You can provide this information later if it's needed.
How would you like to connect?
Request a call back
Call us on 133 282
Chat with us online
Speak to a Home Loan Specialist
First Home Guarantee
Family Home Guarantee

The Australian Government has introduced initiatives to support eligible Australians to build or purchase a new home sooner: the First Home Guarantee and the Family Home Guarantee.

Thanks [Name], we'll speak to you soon
One of our Home Loan Specialists will call you on [0413 456 789] at your preferred time.
To help you get the most out of your call, we recommend having some details ready:
  • Identification details
  • Details of your income and expenses
  • Financial details, including what you own and what you owe
In the meantime, if you have any questions, we’d be happy to help.
Call us on 133 282
Mon-Fri: 8:00am - 7:00pm (AEST)
Sat: 8:00am - 4:00pm (AEST)
Visit us
Visit your nearest Great Southern Bank branch.
How can we reach you?
Please enter your first name
Please enter your last name
Please enter valid post code
Please enter valid email address
We’ll email you if we’re unable to contact you by phone
When would you prefer to be contacted?Opening hours:

Mon - Fri: 8:00am - 7:00pm (AEST)
Sat: 8:00am - 4:00pm (AEST)
Great Southern Bank collects personal information on this form for the purpose of assisting with your enquiry. If you don’t provide this information we may not be able to help you. Our Privacy Policy contains information on how we manage personal information, how you may access and seek correction of information we hold on you, how to complain if you believe we’ve breached our privacy obligations, and how we deal with complaints. We store some information in a secure environment in "the cloud" – our privacy policy sets out which countries this information may be hosted in.