Offset Variable OO IO
A premium home loan complete with 100% offset and a competitive rate. Get to your property destination faster while saving on interest.
- From (owner occupied)
- 8.7%
- 6.5% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Discount Interest Only Repayment:70% maximum Loan to Value (LVR) ratio Green Home offer Eligibility Criteria: A minimum Nationwide House Energy Rating Scheme (NatHERS) rating of 7.5 or above from a NatHERS-accredited assessor. Been constructed within the last 12 months (for existing properties) Green Home offer Eligibility Criteria for the Australian Capital Territory: A NatHERS certificate completed by a NatHERS-accredited assessor showing a rating of at least 7.5. An ACT Energy-Efficiency Rating certificate completed by the same assessor who completed the NatHERS certificate. This must also show a rating of at least 7.5. Been constructed within the last 12 months (for existing properties) | 0.05% | — | Offset Variable LVR <=70% |
| Discount Interest Only Repayment: >70% <=80% Loan to Value (LVR) ratio Green Home offer Eligibility Criteria: A minimum Nationwide House Energy Rating Scheme (NatHERS) rating of 7.5 or above from a NatHERS-accredited assessor. Been constructed within the last 12 months (for existing properties) Green Home offer Eligibility Criteria for the Australian Capital Territory: A NatHERS certificate completed by a NatHERS-accredited assessor showing a rating of at least 7.5. An ACT Energy-Efficiency Rating certificate completed by the same assessor who completed the NatHERS certificate. This must also show a rating of at least 7.5. Been constructed within the last 12 months (for existing properties) | 0.05% | — | Offset Variable LVR >70% <=80% |
| Discount Interest Only Repayment: >80% <=90% Loan to Valuation Ratio (LVR) inclusive of Lenders Mortgage Insurance (LMI). Green Home offer Eligibility Criteria: A minimum Nationwide House Energy Rating Scheme (NatHERS) rating of 7.5 or above from a NatHERS-accredited assessor. Green Home offer Eligibility Criteria for the Australian Capital Territory: A NatHERS certificate completed by a NatHERS-accredited assessor showing a rating of at least 7.5. An ACT Energy-Efficiency Rating certificate completed by the same assessor who completed the NatHERS certificate. This must also show a rating of at least 7.5. |
Fees
| Fee | Type | Amount |
|---|---|---|
| Establishment Fee An establishment fee applies to all credit facilities and includes the cost of processing the application and the preparation of the Great Southern Bank loan documentation.
| Upfront per plan | $600.00 |
| Telegraphic transfer fee within Australia Local telegraphic transfer to an account at a financial institution within Australia. Payable where you request a local telegraphic transfer to an account at a financial institution within Australia. | Event | $35.00 |
| Account Information Fee Account informaton fee is payable when customer request the following: - An annual audit certificate on a Great Southern Bank account - A copy of a cheque or Visa voucher - Personal information, traces, document copies (other than those specified above) and/or information pertaining to an account Where further investigation is required an additional hourly rate of $20 per hour will apply. An estimate of the costs involved will be provided prior to the work being undertaken. | Event | $20.00 |
| Valuation fee The establishment fee for non Rate Breaker home loans covers the cost of one valuation. A valuation fee may be payable in the future if Great Southern Bank considers it necessary to revalue the property at any time. The amount of the fee will be subject to the Great Southern Bank panel valuers scale of fees current at that time. | Event | Variable |
Features
- Redraw facility
- Enjoy free redraw. Access your additional home loan repayments with redraw, so you can use it whenever you need some breathing space. A $200 minimum withdrawal amount applies for redraws conducted in-branch.
- Offset account
- Offset your interest to save. Save on the amount of interest you pay and reduce your loan term by offsetting the combined balances of your Great Southern Bank everyday accounts with a free 100% Multi-Account Offset facility. You must maintain a minimum balance of $500 in each offset account to obtain the benefit of the offset from that account. Your offset account will not earn any interest.
- $0 Monthly or annual fees.
- Digital banking
- Wherever you are in the world, Great Southern Bank gives you the choice and control to securely manage all of your accounts on a range of devices, the way you want.
- Guarantor supported
- A guarantor is someone who promises to repay money that is owed to us under a loan, if for some reason the borrower doesn’t.
- Extra repayments
Eligibility
- Residency status — You must be an Australian citizen or Australian resident to hold an account with Great Southern Bank
- Minimum age — 18 yearsTo be 18 or over
- Individuals onlyApplications are for individuals and personal use purposes only.
Constraints
- Maximum limit — $5,000,000.00
- Minimum limit — $100,000.00Minimum application amount of $100,000; or switching or restructuring of the home loan you already have with us when it includes new borrowing of at least $10,000.
- Maximum LVR — 95%Max LVR for Principal & Interest Owner Occupier Home Loan products is 95%
- Minimum LVR — 1%Min LVR for Home Loan products is 1%
- Maximum LVR — 90%Max LVR for Interest Only Owner Occupier Home Loan products is 90%
More Information
Published by Great Southern Bank under the Consumer Data Right · Last updated 14 May 2026 · Product ID 4100-0111 · View on CDR.gov.au