--- title: "Discounted Great Rate Home Loan - Variable Interest Only Investment — Greater Bank Limited" description: "Home Loans from Greater Bank Limited. Rates, fees, features and eligibility as published under Australia's Consumer Data Right." canonical: https://www.cdrcompare.au/brands/greater-bank-limited/products/3365 source: "CDR Compare" language: en-AU last_updated: 2026-07-30T14:00:00Z --- # Discounted Great Rate Home Loan - Variable Interest Only Investment — Greater Bank Limited > Home Loans from Greater Bank Limited. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare. **Home Loans · Greater Bank** Basic home loan ## At a glance - **From (investment):** 6.29% (6.24% comparison) ## Interest rates | Type | Rate | Comparison | Applies to | | --- | --- | --- | --- | | Variable (Discounted rates include a discount on Home Loans of $150,000 or over and for owner occupied Home Loans with an LVR 80% or below and for investment Home Loan with an LVR 80% or below and apply to new borrowings only. Discounted rate not available for Line of Credit facilities.) | 6.29% | 6.24% | — | ## Fees | Fee | Type | Amount | | --- | --- | --- | | Discharge administration fee — A Discharge Administration fee is payable when you request us to close your loan account, or produce title deeds at settlement. If Greater Bank incurs any costs associated when doing this, the cost will also be passed on to you. | Exit | $300.00 | | EasyPay notification fee - SMS | Withdrawal | $0.20 | | Property Exchange Australia (PEXA) transaction fee — Fee amount will be variable, calculated if and when applicable. Payable when we have to register any documents in relation to a security using PEXA, request information using PEXA, or we process a financial settlement using PEXA. Fees are applied as charged by PEXA | Event | Variable | | Construction Loan Draw Down Fee — Payable when we make a progress payment pursuant to your loan contract | Withdrawal | $80.00 | | Registration fee — Fee amount will be variable, calculated if and when applicable. Payable when we register any documents in relation to a security. | Event | Variable | | Conversion fee - Switch to any other loan type — $350 to convert, for example between a variable to a fixed loan or between principal & interest to interest only. If more than one loan is being converted at the same time each additional loan converted will attract a reduced fee of $250. | Event | $350.00 | | Law stationers fee — Fee amount will be variable, calculated if and when applicable. Payable when a third party agent acts for or otherwise assists us in relation to (including when we request information in respect of a security or any other matter in connection with) your contract with us or a security. | Event | Variable | | Redraw over-the-counter fee — Each time you re-borrow money by making written application to any branch of Greater Bank Ltd. | Withdrawal | $30.00 | | Progress inspection fee — Fee amount will be variable, calculated if and when applicable. Payable when we arrange for a progress inspection to be performed. | Event | Variable | | Information fee - Per Page — Payable when we provide information or copies to you or a third party that relates to a Security, dealing document, or any record relating to your Contract or loan account (other than information you are entitled to obtain free of charge under the National Credit Code (where applicable)). | Enquiry | $1.00 | | Default Notice Fee — Payable when we send you a notice informing you of a default under this contract | Late payment | $50.00 | | Mortgage Insurance Premium Fee — Fee amount will be variable, calculated if and when applicable. The amount charged by our mortgage insurer for a lenders mortgage insurance policy. | Upfront | Variable | | Administration fee — Payable when we consent to any subdivision, lease, discharge, partial discharge, change of name, release of a Security, changing a policy of lenders mortgage insurance, creation of subsequent Security Interest or any dealing in relation to a Security. | Variation | $350.00 | | Bank transfer fee — Applicable when receiving an inward RTGS (Real time gross settlement) | Withdrawal | $8.00 | | Conversion fee - Switch to a Basic/Great Rate or Ultimate Home Loan — $500 fee payable when you ask us to switch your loan to a Basic/Great Rate or Ultimate Home Loan. If more than one loan is being converted each additional loan converted at the same time will attract a reduced fee of $250. | Variation | $500.00 | | EasyPay notification fee - Letter | Withdrawal | $8.00 | | Information fee — $20.00 plus $1.00 per page copied. Payable when we provide information or copies to you or a third party that relates to a Security, dealing document, or any record relating to your Contract or loan account (other than information you are entitled to obtain free of charge under the National Credit Code (where applicable)). | Enquiry | $20.00 | | SMS alert fee — Charged for each SMS alert that is sent to you notifying you of account balances and/or other nominated transactions. | Transaction | $0.20 | | Establishment fee — $500.00 based on one security plus $250.00 for each additional security. For each additional amount approved during the loan term, $350.00 based on one security plus $250.00 for each additional security. | Upfront | $500.00 | | Guarantee fee — Payable for each guarantee provided | Upfront | $200.00 | | Mercantile agents fee — Fee amount will be variable, calculated if and when applicable. Payable when we instruct a mercantile agent to contact you on our behalf in relation to this loan or a security. | Event | Variable | | Settlement processing fee — Payable for costs we incur in arranging settlement of the loan | Upfront | $180.00 | | Foreign currency deposit fee | Deposit | $5.00 | | Default Administration Fee — In default by an amount that is less than 2 repayments $20.00, otherwise $50.00. | Late payment | $50.00 | | Legal fee — Fee amount will be variable, calculated if and when applicable. Payable when (or after) we make the amount of credit available to you for any costs and disbursements we have to pay a solicitor or conveyancer for acting for us in relation to this loan | Event | Variable | | Government charges — Charges will be variable, calculated if and when applicable. These charges include Withholding Tax, Registration Fees on security documents and Stamp Duty. For Contracts Regulated by the National Credit Code, the only fees and charges that are payable are those set out in that contract (as varied from time to time). | Event | Variable | | Title insurance premium — Fee amount will be variable, calculated if and when applicable. The amount charged by our title insurer for a lenders title insurance policy. | Upfront | Variable | ## Features - **Redraw facility** (Fee free redraw via Online Banking. $30 fee for over the counter redraw.) - **Cashback offer** — 2500.00 (Switching to Greater Bank could score you up to $2,500 cashback. Applicable for eligible owner occupied and investment home loans. $2,000 cashback for loans ≥$250,000 with LVR of less than or equal to 80%, or $2,500 cashback for loans ≥$500,000 with LVR of less than or equal to 80%. Only one (1) Cashback Payment per eligible loan, and for first eligible loan only. Not available in conjunction with any other promotional payment. Offer may be varied or withdrawn at any time. See the full Cashback Offer Terms and Conditions. Terms, conditions, fees, charges and credit criteria apply.) - **Guarantor supported** - **Cashback offer** — 2,500-3,000 (Online cashback offer available on eligible loans for applications submitted through our online application channel. See offer terms and conditions for details.) - **Digital banking** - **Extra repayments** - **Notifications** — SMS or Email (Receive notification from bank of your nominated transactions (e.g. low account balance warning; credits over $500)) ## Eligibility - **Individuals only** - **Minimum age** — 18 years - **Residency status** — Australian Residents only - **Must be identifiable in terms of legislative requirements. Lending criteria apply.** ## Constraints - **Maximum LVR** — 80% (Maximum LVR for Interest Only loans. ) - **Minimum limit** — $150,000.00 ## More information from Greater Bank Limited - [Overview](https://www.greater.com.au/personal/home-loans/investment-great-rate-home-loan) - [Terms & conditions](https://www.greater.com.au/termsandconditions) - [Fees & pricing](https://www.greater.com.au/siteassets/calculators-rate-and-support/documents/disclosure-documents/fees-and-charges/lending-fees-and-charges) ## Data provenance - Published by Greater Bank Limited under the Consumer Data Right - Product ID: `3365` - Last updated by the provider: 30 July 2026 - Source payload (JSON): https://www.cdrcompare.au/api/raw/greater-bank-limited/3365 - Provider page: https://www.cdrcompare.au/brands/greater-bank-limited - CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000346 --- Source: [CDR Compare](https://www.cdrcompare.au/brands/greater-bank-limited/products/3365) — 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. Site map: [all providers](https://www.cdrcompare.au/) · [how this works](https://www.cdrcompare.au/about) · [agent guide](https://www.cdrcompare.au/agents.md) · [llms.txt](https://www.cdrcompare.au/llms.txt) · [sitemap.xml](https://www.cdrcompare.au/sitemap.xml)