Great Southern Bank, a customer-owned institution, offers a range of home loan products designed to meet the diverse needs of Australian homebuyers. With competitive rates, no ongoing fees, and features like unlimited extra repayments and free redraws, these loans are crafted to help you pay off your mortgage sooner and save money over time.

Quick & Easy Online Process

Applying for a home loan with Great Southern Bank is streamlined and straightforward. The entire process can be initiated online, allowing you to submit your application at your convenience. Once you complete the online form, a home loan specialist will contact you to guide you through the next steps, ensuring that you have all the necessary documentation and information to move forward. This process is designed to be efficient, reducing the hassle and stress often associated with applying for a home loan.

Reputable & Trusted Lender

Great Southern Bank has a long-standing reputation for providing reliable and customer-focused financial services. As a customer-owned bank, it reinvests profits back into its products and services, offering better rates and lower fees to its customers. With a history dating back to 1946, the bank has consistently been recognized for its commitment to helping Australians achieve homeownership.

Low Rates & Fees

Great Southern Bank offers some of the most competitive home loan rates in the market. Here are the current rates for their home loans:

Basic Variable Home Loan: Starting from 6.14% p.a. with a comparison rate of 6.20% p.a. for owner occupiers with a loan-to-value ratio (LVR) of 70% or less.

Loans with LVR above 70% and less than or equal to 80%: 6.24% p.a. with a comparison rate of 6.30% p.a.

Loans with LVR above 80% and less than or equal to 90%: 6.44% p.a. with a comparison rate of 6.50% p.a.

Loans with LVR above 90%: 6.94% p.a. with a comparison rate of 7.00% p.a.

Additionally, Great Southern Bank has waived the $600 establishment fee for applications submitted online, providing significant savings for new borrowers.

Loan Types

Great Southern Bank offers a variety of home loan options to suit different needs:

Basic Variable Home Loan: Features no monthly or annual fees, unlimited extra repayments, and a free redraw facility.

Offset Variable Home Loan: Includes a 100% offset account to reduce interest charges, as well as split loan options.

Fixed Rate Home Loans: Available in one, two, three, and five-year terms, with the flexibility to make extra repayments up to $30,000 during the fixed period.

Interest-Only Loans: Suitable for investors looking to manage cash flow with lower initial repayments.

Eligibility Criteria

To qualify for a Great Southern Bank home loan, applicants must meet the following criteria:

Be over 18 years of age.

Be an Australian resident.

Have a regular source of income.

Provide necessary documentation, including proof of identity, income, and details about the property.

Customer Service and Support

Great Southern Bank prides itself on offering exceptional customer service through its Australian-based support team. Whether you prefer to apply online, over the phone, or in person at a branch, you will receive personalized assistance throughout the loan application process and beyond.

Application Process

The application process for a Great Southern Bank home loan involves three main steps:

Start Your Application: Complete the online application form, which takes about 20 minutes.

Contact and Documentation: A home loan specialist will reach out to gather additional information and guide you through the documentation requirements.

Approval and Management: Once approved, you will start repaying your loan and can manage your mortgage through online and mobile banking.

FAQ

Discounted Rates

Starting from 6.14% p.a. with a comparison rate of 6.20% p.a. for owner occupiers with an LVR of 70% or less.

No Monthly or Annual Fees

Save money with zero ongoing account fees.

Unlimited Extra Repayments

Pay off your home sooner without any penalties.

Free Redraw Facility

Access extra funds if needed with no fees.

How Can I Apply?

To apply for a Great Southern Bank home loan, visit their website and complete the online application form. You will need to provide details about the property, proof of identity, proof of income, and information on your assets and liabilities. For further assistance, you can contact their customer service team or visit a local branch.

Are There Any Fees?

Great Southern Bank waives the $600 establishment fee for online applications. Other fees may apply, such as a security administration fee of $235, but there are no ongoing monthly or annual fees for most loan products.

In conclusion, Great Southern Bank offers a comprehensive range of home loan products designed to meet the diverse needs of Australian homebuyers. With competitive rates, flexible repayment options, and outstanding customer service, these loans provide a great opportunity for both first-time homebuyers and seasoned property investors to achieve their homeownership goals.]