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Features & benefits

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.
NEW!
Lock in your fixed rate
Fixed Rate Lock lets you lock in your interest rate prior to settlement to provide you peace of mind your rate won't change.7
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

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
3.59% p.a.
4.09% p.a.
3.89% p.a.
4.09% p.a.
4.02% p.a.
4.06% p.a.
4.43% p.a.
4.45% p.a.
2 years
4.14% p.a.
4.49% p.a.
4.29% p.a.
4.29% p.a.
4.08% p.a.
4.14% p.a.
4.46% p.a.
4.46% p.a.
3 years
4.59% p.a.
4.69% p.a.
4.69% p.a.
4.74% p.a.
4.21% p.a.
4.24% p.a.
4.55% p.a.
4.57% p.a.
5 years
4.79% p.a.
---
4.89% p.a.
4.99% p.a.
4.38% p.a.
---
4.68% p.a.
4.72% p.a.

Loan type T&Cs apply.6

Fees

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

Applies to each fixed rate loan you've requested to have Fixed Rate Lock.7

Other fees may apply5.

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
CLEVER TOOLS

Boost your repayment power

How does The Boost work?

Simply pre-set an amount between $0.01 and $5 to go towards your home loan every time you use your Great Southern Bank Visa Debit card.

You could save up to $2000 extra a year

If you set The Boost to $2 and make three transactions a day, you could reduce your home loan by up to $2,000 a year!

Pay off your home loan sooner

With extra repayments of $2,000 per year or more easily achievable with The Boost, you could shave years off your repayment term.

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 (AEST)
Sat: 8:00am - 4:00pm (AEST)

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 12 May 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.

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. Maximum Loan to Value Ratio applies and includes 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.

7 Fixed Rate Lock is available to new applications from 27 April 2022. Great Southern Bank will apply the fixed interest rate applicable on the day of settlement unless a completed Fixed Rate Lock request form is received by us before the unconditional approval of your loan application. Fixed Rate Lock is a feature that allows customers to lock in the applicable fixed interest rate from the date we process your request, which will be once your application is submitted with all supporting documents, and you will be protected against interest rate rises for 90 days from such date.  A non-refundable Fixed Rate Lock Fee applies to each fixed rate loan that is locked, refer to our Lending Schedule of Fees for the fee amount. 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. Full terms and conditions apply and are available here.

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 31/05/2022 and settled by 31/08/2022. 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
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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 Loan Deposit Scheme
New Home Guarantee
Family Home Guarantee

The Australian Government has introduced three initiatives to support eligible Australians to build or purchase a new home sooner: the First Home Loan Deposit Scheme, New 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.