[NSW, QLD, ACT] $2000-$3000 Cashback on 5.19% Variable Rate Home Loan @ Greater Bank (Great Rate Home Loan)

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suku1809 on 30/09/2025 - 13:25 greater.com.au (868 clicks)
Last edited 30/09/2025 - 13:46 by 1 other user

I found this deal when searching for better home rate deals on google. The previous deal here was for 5.94% https://www.ozbargain.com.au/node/831664.
This deal has a better interest rate but the cashback is same.

Great Rate Home Loan - Discount variable rate (Owner Occupied)
Great Rate Home Loan Interest Rate Comparison Rate^
Variable 5.19% p.a. 5.20% p.a.

Online cashback of $2,500 for eligible loans $250-$499k or $3,000 for loans ≥$500k. 80% LVR or less.
Speak to a lender: $2,000 cashback for eligible loans $250-$499k or $2,500 for loans ≥$500k. 80% LVR or less.

So practically $500 more if you apply online.

Who can apply for a Great Rate Home Loan?
Anyone can apply for a Great Rate Home Loan, provided that you are:

• Are an individual living in Australia
• Are aged 18 years or older
• Are an Australian citizen or a permanent resident of Australia
• Are looking to purchase an eligible property in NSW, QLD or the ACT

See also https://www.ozbargain.com.au/node/926178

Related Stores

Greater Bank

• 

  Vorsprungdurchtech on 30/09/2025 - 13:35

  I wonder if their just getting ahead of the RBA cut announcement at 2:30pm today (IF they cut, they may not of course).

  CBA for instance is 5.44% and will be 5.19% if cut, matching this greater bank deal.

  May be best to see in a couple days where the best deal is after the wash.

  • 

    sghetti on 30/09/2025 - 13:54

    +2

    Unlikely to see a cut today, figures don't necessarily support it. But as a mortgage holder, would absolutely love one!

    I'm with Unloan currently (digital lender from CommBank). 5.24% currently GB's rate is slightly better right now. In comparison to every other bank though, Unloan pass the rate cut on immediately, new rate is usually reflected the following day and minimum repayments adjusted generally within the week.

  • 

    UNFKNBLVBL on 30/09/2025 - 14:01

    +1

    I am with Greater Bank, they dropped to 5.19% last cut

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  mhc on 30/09/2025 - 13:47

  They say no hassle of providing bank statements and payslips. How do they confirm?

  • 

    MrBuu on 30/09/2025 - 14:48

    +1

    I think they get you to log in via a portal

    • 

      l o l on 30/09/2025 - 19:56

      +1

      yeah, most likely.. a broker sent me a link to their portal to do this today: enter my bank's login details so they would get the statements directly..

      there is NO WAY I am entering my bank's user/password on a random website..

      • 

        vorsprung on 30/09/2025 - 20:19

        +5

        I applied for a Westpac credit card and was stunned to find they also wanted me to give some third party my commbank credentials so that they could verify income and expenses.

        No, this was not open banking, this was not me logging in to the CBA site and approving access for westpac. This was “give us your commbank username and password, and we will go web scraping”. I chose the “no” option (I will upload these manually).

        I could not believe that a BANK was promoting this practice.

        https://forums.whirlpool.net.au/archive/388lmq6v

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  jfdo on 30/09/2025 - 16:37

  Can you payoff the loan within few months after getting the cashback

  • 

    dlovep on 01/10/2025 - 01:01

    Do you mean refinance with other brokers….

    • 

      jfdo on 01/10/2025 - 15:42

      I meant extra payments

      • 

        k15866 on 08/10/2025 - 17:46

        I recently started the refinance process with these guys and was told they go off the total loan amount, not including any extra repayments.

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  K33N on 01/10/2025 - 20:41

  Can I please check where does it say NSW, QLD or ACT?
  Or is this simply for first home purchase, refinance in VIC is fine?
  2500 cashback for 250k loan?

  • 

    K33N on 01/10/2025 - 22:13

    I may have found it, if you click more features it has that state requirement there….