Basic Variable OO IO

Save with a Great Southern Bank Basic Variable Home Loan. It’s a simple, competitive rate home loan with no monthly or annual fees and the ability to make unlimited extra repayments.

From (owner occupied): 8.5%; 6.33% comparison

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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%	—	Basic 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%	—	Basic 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. −$600.00 — Establishment fee waived when criteria metEligibility: Other: Offer includes $0 Establishment Fee and is open to new or existing customers applying for a minimum application amount of $100,000 or more. Excludes applications for Internal Refinance of existing facilities. Applications must be received between 31/08/2022 and 31/07/2026 and settled by 31/10/2026. To be eligible to apply you must be at least 18 years of age and a permanent resident of Australia. Great Southern Bank may withdraw or amend this offer at any time without notice.	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

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.

−$600.00 — Establishment fee waived when criteria metEligibility: Other: Offer includes $0 Establishment Fee and is open to new or existing customers applying for a minimum application amount of $100,000 or more. Excludes applications for Internal Refinance of existing facilities. Applications must be received between 31/08/2022 and 31/07/2026 and settled by 31/10/2026. To be eligible to apply you must be at least 18 years of age and a permanent resident of Australia. Great Southern Bank may withdraw or amend this offer at any time without notice.

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

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.
$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: Reach your property goal sooner. Enjoy the flexibility of being able to make unlimited extra repayments without penalty.

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 4100-0211 · View on CDR.gov.au · View Source Data (JSON)