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Features & benefits

Life can be uncertain, but your home loan doesn't have to be. Lock in your interest rate and have the peace of mind your repayments will be the same.

Or, split your home loan with a variable portion and have the best of both worlds!
Repayment certainty
Lock in a fixed rate for either one, two, three or five years and you can budget more easily, knowing your exact repayments.
Fee free extra repayments
Enjoy the flexibility to make up to $30,000 in total extra repayments during your fixed rate term.3
Redraw your extra repayments for free
Access your additional home loan repayments with our free redraw facility . Just in case you need it.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.
CASHBACK OFFER
CASHBACK OFFER
Refinance and get $3,000 cashback+
Plus, $0 establishment fees, saving you $600. T&Cs apply.

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.

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
Term
Interest Rate 2
Comparison Rate^
1 year
2.04% p.a.
2.79% p.a.
2.39% p.a.
2.49% p.a.
3.65% p.a.
3.71% p.a.
4.07% p.a.
4.08% p.a.
2 years
1.94% p.a.
2.79% p.a.
2.19% p.a.
2.29% p.a.
3.48% p.a.
3.63% p.a.
3.88% p.a.
3.90% p.a.
3 years
2.02% p.a.
2.79% p.a.
2.35% p.a.
2.45% p.a.
3.36% p.a.
3.56% p.a.
3.76% p.a.
3.79% p.a.
5 years
2.59% p.a.
---
2.99% p.a.
3.09% p.a.
3.34% p.a.
---
3.75% p.a.
3.79% p.a.

Loan type T&Cs apply.6

Fees

Establishment Fee
$600
Security Administration Fee
$235
Monthly Fee
$0
Annual Fee
$0

Other fees may apply5.

OFFERS

Own your home sooner. We can help.

First Home Loan Deposit Scheme (FHLDS)
Buy your first home with as little as 5% deposit. T&Cs apply.


The $2,000 Great Start Promotion
A smart kick-start to help you buy your first home sooner. T&Cs apply.


Refinance and get $3,000 cashback+
Plus, get $0 establishment fee (save $600).

+ Apply by 31/01/2022, min $250,000 refinance, max 80% LVR. T&CS apply.
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)
  • Interest Only repayment: 90% maximum LVR including LMI
Eligibility for Investors
  • Principal & Interest repayment: 90% maximum LVR including LMI
  • Interest Only repayment: 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.
SAVE TO OWN
Saving for your first home?
Realise your dream of home ownership with these smart steps.
REFINANCE
Mortgage need enhancing?
Get clever refinancing.
Smart ways to pay off your home loan sooner.
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 (AEDT)
Sat: 8:00am - 4:00pm (AEDT)

Discover our other home loans

Basic Variable Home Loan

Our low variable rate plus handy features to help you pay your home off sooner.

Offset Variable Home Loan

100% offset home loan.

Important Information

Rates current as at 28 September 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.

+ $3,000 cashback is for new owner occupier or investor refinance home loan applications received between 02/08/2021 and 31/01/2022 and settled by 30/04/2022. Offer not available for switching of a home loan that you already have with us. Minimum home loan refinancing amount of $250,000 and maximum 80% loan to value ratio. Limit of one $3,000 cashback per application (regardless of number of loans e.g. split loans, security properties or applicants). Equity lines of credit, bridging loans, construction loans and business loans not eligible. Great Southern Bank may withdraw or amend this offer at any time without notice.

1 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; and the application is received on or after 28 September 2021. Maximum Loan to Value Ratio is inclusive of Lenders Mortgage Insurance and Great Southern Bank loan setup fees where applicable.

2 On expiry of the fixed rate period, the loan reverts to the Basic Variable Reference Rate relevant to your loan purpose and repayment type which applies at the time of expiry.

3 A daily transfer will refund any amounts paid in advance in excess of the total advance repayments allowed during the fixed rate period ($30,000) unless sufficient to pay out the loan in full (in which case an Early Payout Cost may apply). Excess funds will be transferred to the nominated deposit account, which must remain open for the fixed rate period.

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

5 For Interest Only loans, a maximum interest only period of 36 months applies for owner occupier loans and 60 months for investor loans. The interest only period must align with the fixed rate period. 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. 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.

6 An Early Payout Cost may apply if the loan is terminated during the fixed rate period. A partial Early Payout Cost may apply if a reduction to the principal is requested during the fixed rate period. Click here to view the Early Payout Cost Factsheet.

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