✅ Greater Bank personal loan offers amounts of up to $100,000 (depending on the purpose of the loan)
✅ Manage your loan through the Greater Bank app with access to free online redraws
✅ Make extra repayments without penalties
✅ Fixed rates for the entire life of the loan
Why do we recommend Greater Bank personal loan?
The Greater Bank Personal Loan is a solid option for those seeking credit with transparent and flexible conditions. With three distinct loan types, the bank offers a personalised solution for different financial profiles – from new car buyers to those looking to consolidate debt into a single monthly repayment.
The fixed rate across the entire loan term makes financial planning straightforward, while features such as free online redraw and extra repayments without penalties give customers greater control. The repayment calculator on the Greater Bank website helps you model different scenarios before making a decision.
New Car Loan: finance for your new car
Among the Greater Bank personal loan options, the New Car Loan is ideal for those planning to buy a new car, van, ute or 4WD for personal use. Dealer demonstrator vehicles with fewer than 5,000 km on the odometer are also eligible.
With a fixed rate of 6.24% p.a. (comparison rate: 6.62% p.a.) and terms from 1 to 7 years, the bank also offers an important advantage: you can finance up to 110% of the vehicle’s value, which may cover extra costs such as insurance or accessories. Loan amounts range from $5,000 to $100,000.
Secured Personal Loan: credit with security for big projects
For those who can offer an asset as security and need credit for larger purchases, the Secured Personal Loan is a highly competitive option worth considering. With a fixed rate of 6.78% p.a. (comparison rate: 7.17% p.a.) and terms from 1 to 7 years, this loan type can be used to finance a used car, new motorbike, boat, caravan or even home renovations.
Loan amounts range from $5,000 to $100,000, and pre-approval is available for those who want to shop with confidence or plan a project in advance.
Unsecured Personal Loan: how does it work?
It’s not always possible – or desirable – to secure a loan against an asset. The Unsecured Personal Loan is one of the Greater Bank personal loan options that solves this: with no need to offer security, it can be used for any worthwhile personal purpose, such as travel, a wedding, further education or debt consolidation.
The fixed rate is 8.99% p.a. (comparison rate: 9.38% p.a.), with terms from 1 to 5 years and amounts between $5,000 and $50,000. It is the most flexible option in terms of use – ideal for those with plans but without an asset to put up as security.
Editor’s opinion
As we’ve seen, the Greater Bank Personal Loan stands out for its variety of options and the clarity of its terms. The ability to make extra repayments without penalty and to check your balance through the app in real time are practical advantages for anyone wanting to stay on top of their finances.
For debt consolidation or larger personal projects, we recommend adding up all your existing debts and comparing the interest rates. If the combined cost of your current debts is higher than the rate offered by the Greater Bank personal loan, the bank’s loan options could be a smart way forward.
Ready to reach your financial goals?
Find out how the Greater Bank Personal Loan can help you go further. Click the button to learn more about who can apply, the eligibility criteria and the step-by-step process to submit your application.
Utua is not a financial institution and does not grant loans. Our role is to analyse credit products available in the Australian market to help you make a more informed and confident decision. Any application is made directly with the financial institution of your choice.
