Rates current as at 22 May 2026 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.
~Cashback offer available for Eligible Applicants who apply for an Eligible Loan between 1 September 2026 and 1 February 2027. To be an Eligible Applicant you must be an Australian resident aged 18+. An Eligible Loan is a loan that is a refinance of an existing home loan from another financial institution to Great Southern Bank or an investment property loan with Great Southern Bank. The Offer is only available for applications submitted directly to Great Southern Bank and is not available for applications submitted through a broker or other third party. To be eligible, the loan must be for a total loan amount of at least $400,000, have a loan to value ratio of 90% or less and be approved and funded on or before 30 June 2027. Great Southern Bank will pay a Cashback Payment of $2,000 for Eligible Loans between $400,000 and $699,999 and a Cashback Payment of $3,000 for Eligible Loans of $700,000 or more. For Eligible Loans with multiple borrowers, only one Cashback Payment will be paid.
Full terms and conditions are available at: www.greatsouthernbank.com.au/cashback-terms-and-conditions.
To view the Target Market Determination for this product, please click here.
