Great Southern BankBasic Variable OO Construction
Save with a Great Southern Bank Basic Variable Home Loan. It’s a simple, competitive rate home loan with no monthly or annual fees and the ability to make unlimited extra repayments.
At a glance
- Max LVR
- 90%
- Features
- redraw, extra repayments
Rates
Every rate Great Southern Bank publishes for this home loan, 15 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| DiscountInterest Only Repayment:70% maximum Loan to Value (LVR) ratio Green Home offer Eligibility Criteria: A minimum Nationwide House Energy Rating Scheme (NatHERS) rating of 7.5 or above from a NatHERS-ac… | Owner occupied, Interest only | - | ≤70% LVR | 0.05% | - | A margin discount is a rate increment off the reference rate. The products reference rate less a margin discount determines a customer’s net interest rate. This additional 0.05% margin discount is ap… |
| DiscountInterest Only Repayment:70% maximum Loan to Value (LVR) ratio Extended loan term eligibility Between 18 and 40 years of age An Australian citizen or permanent resident A first home buyer (at least on… | Owner occupied, Interest only | - | ≤70% LVR | 1.96% | - | A margin discount is a rate increment off the reference rate. The products reference rate less a margin discount determines a customer’s net interest rate. |
| DiscountInterest Only Repayment:70% maximum Loan to Value (LVR) ratio | Owner occupied, Interest only | - | ≤70% LVR | 2.06% | - | A margin discount is a rate increment off the reference rate. The products reference rate less a margin discount determines a customer’s net interest rate. |
| DiscountInterest Only Repayment: >70% <=80% Loan to Value (LVR) ratio Green Home offer Eligibility Criteria: A minimum Nationwide House Energy Rating Scheme (NatHERS) rating of 7.5 or above from a NatHERS-ac… | Owner occupied, Interest only | - | 70–80% LVR | 0.05% | - | A margin discount is a rate increment off the reference rate. The products reference rate less a margin discount determines a customer’s net interest rate. This additional 0.05% margin discount is ap… |
| DiscountInterest Only Repayment: >70% <=80% Loan to Value (LVR) ratio Extended loan term eligibility Between 18 and 40 years of age An Australian citizen or permanent resident A first home buyer (at least on… | Owner occupied, Interest only | - | 70–80% LVR | 1.76% | - | A margin discount is a rate increment off the reference rate. The products reference rate less a margin discount determines a customer’s net interest rate. |
| DiscountInterest Only Repayment: >70% <=80% Loan to Value (LVR) ratio | Owner occupied, Interest only | - | 70–80% LVR | 1.86% | - | A margin discount is a rate increment off the reference rate. The products reference rate less a margin discount determines a customer’s net interest rate. |
| DiscountInterest Only Repayment: >80% <=90% Loan to Valuation Ratio (LVR) inclusive of Lenders Mortgage Insurance (LMI). Green Home offer Eligibility Criteria: A minimum Nationwide House Energy Rating Scheme… | Owner occupied, Interest only | - | 80–90% LVR | 0.05% | - | A margin discount is a rate increment off the reference rate. The products reference rate less a margin discount determines a customer’s net interest rate. This additional 0.05% margin discount is ap… |
| DiscountInterest Only Repayment: >80% <=90% Loan to Valuation Ratio (LVR) inclusive of Lenders Mortgage Insurance (LMI). Extended loan term eligibility Between 18 and 40 years of age An Australian citizen or… | Owner occupied, Interest only | - | 80–90% LVR | 1.56% | - | A margin discount is a rate increment off the reference rate. The products reference rate less a margin discount determines a customer’s net interest rate. |
| DiscountInterest Only Repayment: >80% <=90% Loan to Valuation Ratio (LVR) inclusive of Lenders Mortgage Insurance (LMI). | Owner occupied, Interest only | - | 80–90% LVR | 1.66% | - | A margin discount is a rate increment off the reference rate. The products reference rate less a margin discount determines a customer’s net interest rate. |
| VariableInterest Only Repayment:70% maximum Loan to Value (LVR) ratio | Owner occupied, Interest only | - | ≤70% LVR | 8.35% | 6.35% | - |
| VariableInterest Only Repayment:70% maximum Loan to Value (LVR) ratio Extended loan term eligibility Between 18 and 40 years of age An Australian citizen or permanent resident A first home buyer (at least on… | Owner occupied, Interest only | - | ≤70% LVR | 8.35% | 6.45% | - |
| VariableInterest Only Repayment: >70% <=80% Loan to Value (LVR) ratio | Owner occupied, Interest only | - | 70–80% LVR | 8.35% | 6.55% | - |
| VariableInterest Only Repayment: >70% <=80% Loan to Value (LVR) ratio Extended loan term eligibility Between 18 and 40 years of age An Australian citizen or permanent resident A first home buyer (at least on… | Owner occupied, Interest only | - | 70–80% LVR | 8.35% | 6.65% | - |
| VariableInterest Only Repayment: >80% <=90% Loan to Valuation Ratio (LVR) inclusive of Lenders Mortgage Insurance (LMI). | Owner occupied, Interest only | - | 80–90% LVR | 8.35% | 6.75% | - |
| VariableInterest Only Repayment: >80% <=90% Loan to Valuation Ratio (LVR) inclusive of Lenders Mortgage Insurance (LMI). Extended loan term eligibility Between 18 and 40 years of age An Australian citizen or… | Owner occupied, Interest only | - | 80–90% LVR | 8.35% | 6.85% | - |
Fees
19 fees published, grouped by when they're charged.
- When you take it outUp to $6004 fees, each listed below
- While you hold itVaries2 fees, each listed below
- When you close it or pay it off$500Discharge Fee
When you take it out4
- Establishment Fee
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
$600 - Government fees and charges
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…
Varies - Security Adminstration Fee
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…
$235 - Solicitors costs
Solicitors costs are payable where they are engaged to prepare documents or provide advice relating to your matter on Great Southern Bank’s behalf.
Varies
While you hold it2
- Monthly Account Keeping FeeNo fee
- Monthly FeeNo fee
When particular things happen12
- Account Information Fee
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…
$20 - Arrears Letter Fee
Payable where Great Southern Bank sends you a letter in relation to arrears on your account.
$22 - Debt Collection Fee
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…
Varies - Default Notice Fee
Default notice fee is payable where Great Southern Bank sends you a default notice in relation to outstanding arrears on your account.
$33 - Home Guarantee Scheme LMI Premium
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…
Varies - Production Fee
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.
$100 - Re-documentation Fee
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.
$300 - Redraw Fee
$200 minimum withdrawal applies in branch.
No fee - Split Loan Fee
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.
$300 - Telegraphic transfer fee within Australia
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.
$35 - Valuation fee
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…
Varies - Variation Fee
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…
$300
When you close it or pay it off1
- Discharge Fee
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).
$500
Features
- $0 Monthly or annual fees.
Eligibility and limits
- Minimum age 18
- Maximum age 40
- 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 90%
- A first home buyer (at least one applicant)
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Published by Great Southern Bank under the Consumer Data Right, last changed by them on 7 Oct 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.