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Repayments calculator

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Owner occupier, principal & interest, 30 year loan term. Includes discount on new and additional lending, LVR 80% or less. Based on interest rate of X.XX% and comparison rate^ of X.XX%1,2,3
This is a quick estimate. Get a personalised quote based on your needs.
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FAQS

Home loan handy helpers

Heard some home loan lingo but are unsure what it means? Find the answers, explained in easy to understand terms. No “bank-speak” allowed.

How much will my repayments be?

You can use our repayments calculator to estimate your repayments for a given loan and term.

When you apply for a home loan your Home Loan Specialist will give you a detailed breakdown of your repayments for your loan type and borrowing amount.

What if the estimated repayments are more than I can afford?

If the estimated repayment amount is more than you can afford, you could consider lowering the amount you wish to borrow or looking for a cheaper property. Expanding your property search to nearby suburbs may lead you to a hidden bargain.

Can I make extra repayments?

Yes. At Great Southern Bank you can make extra repayments on your home loan at no extra cost.

Our variable rate home loans have unlimited extra repayments, while with our fixed rate home loans you can make up to $30,000 in extra repayments at no additional cost.

Making extra repayments can help you pay off your home loan sooner. With our clever tool, The Boost, you can set an amount between $0.01 and $5 to automatically transfer to your home loan account every time you use your debit card. You’d be surprised how these small amounts can really add up.

HOME LOANS

Great home loans
Our home loans come with:
  • Competitive rates.
  • Fee-free extra repayments.
  • Smart tools and clever features to help you own your home sooner.

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Offset Variable Home Loan
Rates from
2.64
%
p.a.
Comparison rate^
2.69
%
p.a.
Find out more
Owner occupier, principal & interest. Includes discount on new and additional lending, LVR 80% or less. Minimum loan amount applies.1,2,3

Learn more about home loans

Four ways to help you own your home sooner

If you're a home owner or looking to become one, here are some tips that could help you reduce the amount of interest you owe so you can own your home sooner.

Read more

A guide to saving for a home deposit

Are you saving for a home deposit? Great Southern Bank has a comprehensive guide to help you reach your goal.

Read more

What is Lender’s Mortgage Insurance and who needs to pay for it?

Find out which borrowers need to pay for Lenders' Mortgage Insurance (LMI), what it covers and how you might be able to avoid it.

Read more
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Stamp duty calculator

Get an estimate of stamp duty costs.

Rent vs buy calculator

Find out how much you could borrow based on what you currently pay in rent.

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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.

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 unconditionally approved on or after 12 May 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 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.

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. Maximum Loan to Value Ratio applies and includes Lenders Mortgage Insurance and Great Southern Bank loan setup fees where applicable.

5 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.

^ 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.

# 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.

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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.

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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.

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