Great Southern Bank
2 year Fixed Rate OO P&I
Lock in your interest rate for 1, 2, 3 or 5 years with our fixed rate home loan and know what your repayments will be. Plus, pay off your loan sooner with free extra repayments.
Home loansBank updated 11 Sept 2026
At a glance
- Fixed
- 2 yrs 6.50%
- Max LVR
- 95%
- Features
- redraw, extra repayments
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedPrincipal & Interest repayment: 95% maximum Loan to Valuation Ratio (LVR) inclusive of Lenders Mortgage Insurance (LMI). | Owner occupied · P&I | 2 yrs fixed | — | 6.50% | 7.75% | — |
| FixedPrincipal & Interest repayment: 95% maximum Loan to Valuation Ratio (LVR) inclusive of Lenders Mortgage Insurance (LMI). Only available when switching or restructuring existing extended loan term hom… | Owner occupied · P&I | 2 yrs fixed | — | 6.60% | 7.77% | — |
§ 02 — Fees · 21
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Account Information Fee | Event | $20 | — | Account informaton fee is payable when customer request the following: - An annual audit certificate on a Great Southern Bank account - A copy of a cheque or Visa voucher - Personal information, trac… |
| Arrears Letter Fee | Event | $22 | — | Payable where Great Southern Bank sends you a letter in relation to arrears on your account. |
| Debt Collection Fee | Event | Varies | — | Costs incurred in the recovery of outstanding debts vary depending on the nature of the default. These costs are applied by the Solicitors or independent contractors engaged to undertake action to re… |
| Default Notice Fee | Event | $33 | — | Default notice fee is payable where Great Southern Bank sends you a default notice in relation to outstanding arrears on your account. |
| Early Payout Cost (EPC) | Event | Varies | — | When you enter into a fixed rate loan contract, you are effectively locking in the loan interest rate offered to you for an agreed period of time (e.g. 5 years). If you decide to switch or payout you… |
| Fixed rate lock fee | Event | $600 | — | A Fixed Rate Lock fee is payable to each fixed rate loan where the borrower has requested to have Fixed Rate Lock on their home loan application. |
| Home Guarantee Scheme LMI Premium | Event | Varies | — | Applicable only to eligible loans participating in the Home Guarantee Schemes including the First Home Guarantee (previously know as the First Home Loan Deposit Scheme), New Home Guarantee, Family Ho… |
| Production Fee | Event | $100 | — | If you request a title held by Great Southern Bank to be produced to a relevant state’s land titles office for any purpose, a production fee is payable. |
| Re-documentation Fee | Event | $300 | — | Where a borrower requests, and Great Southern Bank agrees, to a restructure of a loan between approval and funding and that change requires amended documentation to be prepared, a fee will be payable. |
| Redraw Fee | Event | No fee | — | $200 minimum withdrawal applies in branch. |
| Split Loan Fee | Event | $300 | — | Split loan fee is payable a split involves two or more separate facilities (accounts). Customers can elect to split their loan facility at time of application. |
| Telegraphic transfer fee within Australia | Event | $35 | — | Local telegraphic transfer to an account at a financial institution within Australia. Payable where you request a local telegraphic transfer to an account at a financial institution within Australia. |
| Valuation fee | Event | Varies | — | The establishment fee for non Rate Breaker home loans covers the cost of one valuation. A valuation fee may be payable in the future if Great Southern Bank considers it necessary to revalue the prope… |
| Variation Fee | Event | $300 | — | A variation fee is payable if you request any changes to the Credit Contract or Security - for example: - Re-arrange and/or substitute a security on a mortgage - Consent to any dealings in relation t… |
| Discharge Fee | Exit | $500 | — | If you pay out the loan partially or in full where a discharge of security is required, or you request a discharge of a security, a discharge fee is payable (per release or transaction). |
| Monthly Account Keeping Fee | Periodic | No fee | — | — |
| Monthly Fee | Periodic | No fee | — | — |
| Establishment Fee | Upfront per plan | $600 | — | An establishment fee applies to all credit facilities and includes the cost of processing the application and the preparation of the Great Southern Bank loan documentation. Establishment fee waived when criteria met |
| Government fees and charges | Upfront | Varies | — | Government fees and charges relating to stamp duty and registration are payable on an event causing a change or variation to the transaction and/or security being taken in the applicable state or ter… |
| Security Adminstration Fee | Upfront | $235 | — | For each security offered to the Great Southern Bank loan. A securities administration fee applies to all secured credit facilities. The securities administration fee represents the average cost base… |
| Solicitors costs | Upfront | Varies | — | Solicitors costs are payable where they are engaged to prepare documents or provide advice relating to your matter on Great Southern Bank’s behalf. |
§ 03 — Features
RedrawExtra repaymentsGuarantor optionDigital banking
- · $0 Monthly or annual fees.
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: You must be an Australian citizen or Australian resident to hold an account with Great Southern Bank
- · Available to individuals
- · Amount $100,000 to $5,000,000
- · Maximum LVR 95%
§ 05 — Compare
§ 06 — Run the numbers
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Published by Great Southern Bank under the Consumer Data Right, last changed by them on 11 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.