Great Southern Bank Basic Variable Home Loan – loan
Home loans up to $2 000 000
Loan amount
$30,000 – $2,000,000
Interest from
2.39%
Term
5 – 30 months
Approval
24 hours
Applying does not commit you to a contract.
Properties of this loan
- Home loans up to $2 000 000
- Term 5 - 30 years
Great Southern Bank (formerly CUA) offers a basic variable home loan for owner-occupiers and investors — a no-frills product aimed at competitive ongoing pricing with fewer bundled extras than a packaged home loan.
✓ Pros
- Customer-owned bank structure
- Competitively priced "basic" structure with fewer bundled fees
- Variable rate allows extra repayments without a fixed-rate break cost
- Pre-approval available before house hunting
✗ Cons
- Smaller branch footprint than the big four banks
- Basic loans may lack some features (e.g. offset) available on packaged loans elsewhere
- Deposit and Lenders Mortgage Insurance rules apply as with any lender
How to apply
- Check your eligibility
- Apply online
- Approvals
- Access your money
Loan requirements
- ✓ 18 years or older
- ✓ Australian citizen or permanent resident (some lenders accept eligible visa holders)
- ✓ Deposit or equity, commonly 5–20% of the property value
- ✓ Stable employment history and serviceable income
- ✓ Satisfactory credit history and lender valuation of the security property
Frequently asked questions
24 hours
The minimum loan amount at Great Southern Bank Basic Variable Home Loan is $30,000.
About Great Southern Bank, a business name of Credit Union Australia Ltd
| Company | Great Southern Bank, a business name of Credit Union Australia Ltd |
|---|---|
| Address | Brisbane Queensland |
| Website | https://www.greatsouthernbank.com.au |