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We acknowledge the Traditional Custodians of the lands, waterways and skies across Australia. By accessing and viewing this site you agree to be bound by the Terms & Conditions of this website. The Banking Terms and Conditions (comprising the General Banking Terms and Conditions and relevant Product Schedule) or a PDS are relevant when deciding whether to acquire or hold a product. Consider the relevant disclosure documents, which include Greater Bank's Banking Terms and Conditions for some products, Product Disclosure Statements (PDS) for others and Greater Bank's Financial Services Guide (FSG). Before acting on the advice, consider its appropriateness. General advice on this website has been prepared without taking into account your objectives, financial situation or needs. The all-up interest rate which includes any margins, will be set out in your credit contract. margin above the applicable Line of Credit base rate. Our calculator shows you the total cost of a loan, expressed as the annual percentage rate, or APR. All new Line of Credit home loans, attract a 0.10% p.a. margin above the applicable Principal and Interest base rate. +Additional costs may apply if your loan has a fixed rate.Īll new interest-only home loans, attract a 0.10% p.a. Discounted rate not available for Line of Credit facilities. #Discounted rates include a discount on Home Loans of $150,000 or over and for owner occupied Home Loans with an LVR 90% or below and for investment Home Loan with an LVR 80% or below and apply to new borrowings only. Different terms, fees or other loan amounts might result in a different comparison rate. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. ^Comparison rate is based on $150,000 over 25 years. 2 interest rate discount available on short term lot loans for borrowers with a down payment of 50 and a FICO. Greater Bank, part of Newcastle Greater Mutual Group Ltd ACN 087 651 992 Australian Financial Services Licence/Australian credit licence 238273 Ask us about additional available loan programs. As we mentioned, the balloon payment is the final payment which pays off the remaining balance after the last period of the monthly payment. Subject to meeting Greater Bank's lending criteria. A balloon mortgage is a type of loan repayment option with a short term and a large lump sum payment due at the end of the loan. *Conditions, fees and charges apply to all loans.

Land loan amortization calculator