---
title: "Basic Variable Investment IO — Great Southern Bank"
description: "Home Loans from Great Southern Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/great-southern-bank/products/4400-0211
source: "CDR Compare"
language: en-AU
last_updated: 2026-07-27T14:00:01.00000Z
---

# Basic Variable Investment IO — Great Southern Bank

> Home Loans from Great Southern Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Home Loans**

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.

## At a glance

- **From (investment):** 8.78% (6.39% comparison)

## Apply

Applications are handled by the provider: [Apply at Great Southern Bank](https://www.greatsouthernbank.com.au/home-loans/basic-variable#get-started)

## 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.) | 0.05% | — | Basic Variable LVR >80% <=90% |
| Discount (Interest Only Repayment:>80% <=90% Loan to Valuation Ratio (LVR) inclusive of Lenders Mortgage Insurance (LMI). Only available when switching or restructuring existing extended loan term home loans.) | 1.64% | — | Basic Variable LVR >80% <=90%_EXTENDED_TERM |
| Discount (Interest Only Repayment: >80% <=90% Loan to Valuation Ratio (LVR) inclusive of Lenders Mortgage Insurance (LMI).) | 1.74% | — | Basic Variable LVR >80% <=90% |
| Discount (Interest Only Repayment: >70% <=80% Loan to Value (LVR) ratio Only available when switching or restructuring existing extended loan term home loans.) | 2.04% | — | Basic Variable LVR  >70% <=80%_EXTENDED_TERM |
| Discount (Interest Only Repayment:>70% <=80% Loan to Value (LVR) ratio) | 2.14% | — | Basic Variable LVR  >70% <=80% |
| Discount (Interest Only Repayment:70% maximum Loan to Value (LVR) ratio Only available when switching or restructuring existing extended loan term home loans.) | 2.24% | — | Basic Variable LVR <=70%_EXTENDED_LOAN_TERM |
| Discount (Interest Only Repayment:70% maximum Loan to Value (LVR) ratio) | 2.34% | — | Basic Variable LVR <=70% |
| Variable (Interest Only Repayment:70% maximum Loan to Value (LVR) ratio) | 8.78% | 6.39% | Basic Variable LVR <=70% |
| Variable (Interest Only Repayment: >70% <=80% Loan to Value (LVR) ratio) | 8.78% | 6.56% | Basic Variable LVR  >70% <=80% |
| Variable (Interest Only Repayment: >80% <=90% Loan to Valuation Ratio (LVR) inclusive of Lenders Mortgage Insurance (LMI).) | 8.78% | 6.88% | Basic Variable LVR >80% <=90% |
| Variable (Interest Only Repayment:70% maximum Loan to Value (LVR) ratio Only available when switching or restructuring existing extended loan term home loans.) | 8.78% | 6.49% | Basic Variable LVR <=70%_EXTENDED_LOAN_TERM |
| Variable (Interest Only Repayment: >70% <=80% Loan to Value (LVR) ratio Only available when switching or restructuring existing extended loan term home loans.) | 8.78% | 6.66% | Basic Variable LVR  >70% <=80%_EXTENDED_TERM |
| Variable (Interest Only Repayment:>80% <=90% Loan to Valuation Ratio (LVR) inclusive of Lenders Mortgage Insurance (LMI). Only available when switching or restructuring existing extended loan term home loans.) | 8.78% | 6.98% | Basic Variable LVR >80% <=90%_EXTENDED_TERM |

## 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. · Discount −$600.00 — Establishment fee waived when criteria met (eligibility: 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 26/02/2027 and settled by 26/05/2027. 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 |
| 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 |
| Home Guarantee Scheme LMI Premium — Applicable only to eligible loans participating in the Home Guarantee Schemes including the First Home Guarantee (previously know as the First Home Loan Deposit Scheme), New Home Guarantee, Family Home Guarantee or Regional First Home Buyer Guarantee. If the Guarantee Certificate expires or is otherwise discharged due to an act or omission undertaken by you or a guarantor, Great Southern Bank may seek to obtain lenders’ mortgage insurance (LMI) in respect of the Loan and in that case, you must pay this fee to reimburse Great Southern Bank for the cost incurred in obtaining LMI. For Contracts entered into prior to 22 June 2022, the applicable premium amount is referred to as a FHLDS LMI Premium or Family Home Guarantee LMI Premium. | Event | Variable |
| Arrears Letter Fee — Payable where Great Southern Bank sends you a letter in relation to arrears on your account. | Event | $22.00 |
| Default Notice Fee — Default notice fee is payable where Great Southern Bank sends you a default notice in relation to outstanding arrears on your account. | Event | $33.00 |
| Split Loan Fee — Split loan fee is payable a split involves two or more separate facilities (accounts). Customers can elect to split their loan facility at time of application. | Event | $300.00 |
| Monthly Account Keeping Fee — Monthly | Ongoing | $0.00 |
| Monthly Fee — Yearly | Ongoing | $0.00 |
| Debt Collection Fee — Costs incurred in the recovery of outstanding debts vary depending on the nature of the default.  These costs are applied by the Solicitors or independent contractors engaged to undertake action to recover the funds and are debited to the account that is "out of order". | Event | Variable |
| Security Adminstration Fee — For each security offered to the Great Southern Bank loan. A securities administration fee applies to all secured credit facilities. The securities administration fee represents the average cost based on typical charges incurred in settling loans, including: • Progressive drawdowns • Bank cheque fee • Agent fee • Land title search • Credit reference fee • PPSR searches • PPSR charges | Upfront | $235.00 |
| Discharge Fee — If you pay out the loan partially or in full where a discharge of security is required, or you request a discharge of a security, a discharge fee is payable (per release or transaction). | Exit | $500.00 |
| Redraw Fee — $200 minimum withdrawal applies in branch. | Event | $0.00 |
| Production Fee — If you request a title held by Great Southern Bank to be produced to a relevant state’s land titles office for any purpose, a production fee is payable. | Event | $100.00 |
| Re-documentation Fee — Where a borrower requests, and Great Southern Bank agrees, to a restructure of a loan between approval and funding and that change requires amended documentation to be prepared, a fee will be payable. | Event | $300.00 |
| Variation Fee — A variation fee is payable if you request any changes to the Credit Contract or Security - for example: - Re-arrange and/or substitute a security on a mortgage - Consent to any dealings in relation to property - Switch from one interest rate product to another, at the request of the borrower - Where a fixed interest rate has decreased between loan approval and loan funding, at the request of the borrower. | Event | $300.00 |
| Government fees and charges — Government fees and charges relating to stamp duty and registration are payable on an event causing a change or variation to the transaction and/or security being taken in the applicable state or territory. The amount of the fee will be subject to the relevant government scale of fees current at that time. | Upfront | Variable |
| Solicitors costs — Solicitors costs are payable where they are engaged to prepare documents or provide advice relating to your matter on Great Southern Bank’s behalf. | Upfront | 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.)
- **$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 years (To be 18 or over)
- **Individuals only** (Applications are for individuals and personal use purposes only.)

## Constraints

- **Maximum limit** — $5,000,000.00
- **Minimum limit** — $100,000.00 (Minimum 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.)
- **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 from Great Southern Bank

- [Overview](https://www.greatsouthernbank.com.au/home-loans/basic-variable)
- [Fees & pricing](https://www.greatsouthernbank.com.au/tools-and-services/managing-your-accounts/fees)

## Data provenance

- Published by Great Southern Bank under the Consumer Data Right
- Product ID: `4400-0211`
- Last updated by the provider: 27 July 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/great-southern-bank/4400-0211
- Provider page: https://www.cdrcompare.au/brands/great-southern-bank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000207

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/great-southern-bank/products/4400-0211) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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