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Australia’s largest customer-owned bank
Trusted by Australians for over 75 years
Helping you live happily clever after

Features you'll love coming home to

$0 monthly or annual fees
You could save thousands over the life of your loan.
Unlimited extra repayments
Own your home sooner with fee-free extra repayments.
Free redraw
Access your additional repayments whenever you need it.7
Apply for pre approval
Find your perfect property with pre-approval.
ABOUT US

Helping all Australians own their own home

It’s the Great Australian Dream, but we noticed more Australians are finding it harder than ever. So, we’re doing something about it – and we’ll do our best to make it happen for you.

We do this by offering competitive rates, clever tools and smart products to help you power-up your repayments and own your home sooner.

Rates & fees

Compare our rates and weigh up your options.

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
3.14% p.a.
4.04% p.a.
4.04% p.a.
3.59% p.a.
3.84% p.a.
4.49% p.a.
3.19% p.a.
3.42% p.a.
3.27% p.a.
3.64% p.a.
3.74% p.a.
3.73% p.a.
LVR is above 70% and less than or equal to 80%
3.49% p.a.
4.14% p.a.
4.04% p.a.
3.74% p.a.
3.94% p.a.
4.49% p.a.
3.54% p.a.
3.71% p.a.
3.59% p.a.
3.79% p.a.
3.87% p.a.
3.86% p.a.
LVR is above 80% and less than or equal to 90%
3.89% p.a.
4.29% p.a.
4.14% p.a.
4.19% p.a.
4.44% p.a.
4.59% p.a.
3.94% p.a.
4.05% p.a.
3.97% p.a.
4.24% p.a.
4.35% p.a.
4.28% p.a.
LVR is more than 90%
4.24% p.a.
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4.29% p.a.
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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 29 July 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.

Get started today
Apply for a home loan or refinance online.
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.


Apply online and save
Enjoy a $835 saving with $0 establisment fee and $0 security admin fee#
How to apply
Start your application for your new home or investment property 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.
Prefer to talk to someone?
AWARD WINNING

Trusted by Australians for over 75 years

From small beginnings as a credit union to Australia's largest customer-owned bank. Helping people manage their finances is in our DNA.

Our home loans have won awards, but our true passion is in our purpose. We've been helping people to help them realise their great Australian dream for over 75 years and we can't wait to help you achieve yours.

“The process from application to settlement was seamless. Great communication and first-class support.”
“The staff were very professional and helpful, and my home loan was processed smoothly and efficiently.”
“Low comparable rate. I especially love the freedom of the off-set account.”
SMART TOOLS
Clever ways to save
The Vault

Avoid the temptation to dip into your savings by hiding your account in The Vault.

The Boost

Save every time you spend with this smart tool.

Home Saver Bundle

Make everyday banking simple and earn bonus interest at the same time. It's a match made in banking heaven.

CALCULATORS

Crunch the numbers

FAQS

Home loans explained

What is the Loan to Value Ratio (LVR)?
The Loan to Value Ratio (LVR) is the amount of the loan compared to the value of the property. Typically, the more deposit you have the smaller the LVR percentage will be. For example, if the home you’d like to buy is valued by the bank at $400,000 and you need a loan of $320,000 to purchase it your LVR is 80%. To get the LVR: $320k ÷ $400k = 80% LVR.

LVR is set at the time of your loan approval, based on the bank’s valuation of your property (which may differ from the amount you paid on the contract). From a lender’s perspective, the higher the LVR, the higher the cost and risk to the lender, which is why you’ll often see higher rates for higher LVR applications. Apart from getting a better rate, having 80% or lower LVR also means you could avoid paying Lender Mortgage Insurance (LMI).
What is Lenders Mortgage Insurance (LMI)?
Lender’s Mortgage Insurance (LMI) is typically paid when a borrower has less than a 20% deposit. This is a one-off insurance payment which protects your mortgage lender if you default on the loan. The premium can vary depending on the lender, loan amount and your deposit amount. Most lenders allow you to choose if you’d like to pay it upfront or add this to your loan amount and include in your repayments.
What is pre-approval?
A home loan pre-approval tells you how much you can borrow. It’s a great way to get started as pre-approval will give you a good idea of how much you can spend on a home and make an offer on a property quickly and easily.

Transitioning from a pre-approval to a fully approved loans is conditional upon the property you want to buy being acceptable security, and your lender confirming your income and other information provided in your application. Pre-approvals normally last for 90 days. If you haven’t found a property at the end of the 90 days, you can apply to extend the pre-approval.
Ready to take the next step?
Apply for a Great Southern Bank Home Loan.
Get Started
Important Information

Rates current as at 29 July 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 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 29 July 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 Principal and Interest loans are not available for construction purposes.

5 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 applicable at the time of expiry, less any discount set out in the loan contract.

6 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 and 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 and interest payments for the balance of the term.

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

^ 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 31/08/2022 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.