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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

Repayment certainty
Make repayments weekly, fortnightly, or monthly. The choice is yours.
Fee-free extra repayments
Enjoy the flexibility to make up to $30,000 in total extra repayments during your fixed rate term.1
Free redraw
Access your additional home loan repayments with our free redraw facility. Just in case you need it.2
Flexible repayment options
Make repayments weekly, fortnightly, or monthly. The choice is yours.

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.


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

Rates & fees

Compare our rates and weigh up your options.


Loan type
Loan purpose
Interest Rate 4
Comparison Rate^
1 year
5.59% p.a.
6.09% p.a.
5.89% p.a.
6.09% p.a.
5.57% p.a.
5.62% p.a.
5.98% p.a.
6.00% p.a.
2 years
5.34% p.a.
5.69% p.a.
5.49% p.a.
5.49% p.a.
5.53% p.a.
5.59% p.a.
5.90% p.a.
5.90% p.a.
3 years
5.64% p.a.
5.74% p.a.
5.74% p.a.
5.79% p.a.
5.60% p.a.
5.62% p.a.
5.94% p.a.
5.95% p.a.
5 years
5.84% p.a.
5.94% p.a.
6.04% p.a.
5.70% p.a.
5.99% p.a.
6.04% p.a.

Loan type T&Cs apply.3,5


Enjoy a $835 saving with $0 establishment fee and $0 security admin fee when you apply online!# Check your eligibility
Establishment Fee
$0 when you apply online#
Security Administration Fee
$0 when you apply online#
Monthly Fee
Annual Fee

Other fees may apply.6

The Boost
Pay down your home loan faster

Simply set an amount between $0.01 and $5 to automatically transfer to your home loan account every time you use your Great Southern Bank Visa Debit card. You’ll be making extra repayments every time you spend.

You could pay off an extra $2,000 a year

When you set up one $2 Boost and make an average of three transactions a day, you’ll repay over $2,000 a year without having to think about it!

Save time and money

With extra repayments of $2,000 per year or more, easily achievable with The Boost, you could shave years off your repayment term. Use our refinance calculator to see what your spare change can do for you.

Start your application today
1. Check your eligibility
Simply check if you qualify

Applicants must be:
· At least 18 years of age
· 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

and gather your documents.

You will need:
· Proof of identity, such as a  passport or driver licence.
· 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.
2. Apply online

You may be able to apply for a home loan online. If you’re unable to apply online, we’ll take your details and one of our friendly Home Loan Specialists will be in touch.

3. 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?

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 helping people realise their great Australian Dream, 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.”

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 Lenders’ Mortgage Insurance (LMI).
What is Lenders’ Mortgage Insurance (LMI)?
Lenders’ 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 is an indication of 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 to a fully approved home loan will depend on the type of property you find, and your income being confirmed. You may also need to verify other financial details or meet additional conditions. Your Home Loan Specialist will step you through this process.

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 your pre-approval.
What is the difference between fixed and variable?
A fixed rate means that the rate of interest you’re charged on your home loan won’t change for a set period. Your repayment amount will stay the same and you’ll know exactly how much you have to pay each week, fortnight, or month. However, if the lending rate decreases, you won’t be able to take advantage of the lower rate.
The length of time an interest rate is fixed can vary depending on your home loan, but typically it’s between one and five years. When the fixed period is finished, the loan will often revert to a variable home loan rate, unless you arrange with your lender to fix it again.
If your home loan has a variable rate, the rate of interest you pay can go up or down and your repayment amount may vary.
Both fixed and variable rate home loans have their own benefits. Our Home Loan Specialists are also here to help if you are unsure which one is right for you.
What is a split loan?
A split home loan is a combination of both fixed and variable home loan products, ‘split’ across the one home loan. When you split your home loan, one portion of your loan has a fixed rate and the other portion a variable rate.

For example, a $500,000 home loan could be split like this:
  • A $200,000 variable principal and interest home loan
  • A $300,000 three-year fixed principal and interest home loan
The variable portion of the loan means you can take advantage of interest rate drops and additional features such as unlimited extra repayments. Meanwhile, the fixed portion gives you certainty over your repayments and can help you budget. It can also be a great way to enjoy the best of both worlds.

If you are interested in a split loan, ask your Home Loan Specialist when you apply.
    Ready to take the next step?
    Get started with your Great Southern Bank Home Loan.
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    Connect 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)

    Important Information

    Rates current as at 11 August 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 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.

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

    3 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.

    4 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.

    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.

    ^ 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
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    Speak to a Home Loan Specialist
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    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.
    Within 3 months
    In 3+ months
    Are you a Great Southern Bank customer?
    Great Southern Bank was previously known as CUA.
    Do you have a home loan with Great Southern Bank?
    Great Southern Bank was previously known as CUA.
    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.
    Skip this step
    Tell us a little more about your plans
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    How much is your current mortgage?
    Please enter a numeric value
    What are your plans?
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    What would you like to discuss?
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    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?
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    Call us on 133 282
    Chat with us online
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    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
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    Sat: 8:00am - 4:00pm (AEST)
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