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.

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.


Loan type
Loan purpose
Loan to Value Ratio*,3
Interest Rate**
Comparison Rate^
LVR is 80% or less
2.39% p.a.
2.84% p.a.
2.69% p.a.
2.64% p.a.
2.89% p.a.
3.14% p.a.
2.44% p.a.
2.52% p.a.
2.47% p.a.
2.69% p.a.
2.79% p.a.
2.73% p.a.
LVR is above 80% and less than or equal to 90%
2.64% p.a.
3.04% p.a.
2.89% p.a.
2.94% p.a.
3.19% p.a.
3.34% p.a.
2.69% p.a.
2.76% p.a.
2.71% p.a.
2.99% p.a.
3.09% p.a.
3.03% p.a.
LVR is more than 90%
2.99% p.a.
3.24% p.a.
3.04% p.a.
3.06% p.a.

Loan type T&Cs apply.1,2,4,5,6
*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 28 September 2021 only.


Monthly Fee
Annual Fee
Establishment Fee
Security Administration Fee

Other fees may apply.

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

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
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.
  • 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?

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.”
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.


Crunch the numbers


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 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.

+ $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 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 received on or after 28 September 2021. 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.