Compare two different home loans.
Get a quick estimate before you apply.
Take the easy next step to home ownership, without the commitment. What is pre-qualify?
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Home loan handy helpers
Heard some home loan lingo but are unsure what it means? Find the answers, explained in easy to understand terms. No “bank-speak” allowed.
The loan comparison calculator can help you find the home loan with the best potential savings. This can come in handy if you’re deciding between two home loans or thinking about refinancing.
Simply enter the rate and fees for each loan and the calculator will do the sums for you. Try as many combinations as you like to find the loan that’s right for you.
To find out if we can beat your home loan simply enter your current loan details under loan #1 and your favourite Great Southern Bank Home Loan under loan #2.
The loan comparison calculator will do the sums and calculate any potential savings.
Learn more about switching your home loan
When comparing home loans, the key things to look out for are:
Interest rates
The most popular way to compare home loans. A low interest rate will help you save money, however it’s important to compare loans using the comparison rate. The comparison rate includes any additional fees and charges and reflects the true cost of the loan. You’ll find the comparison rate listed next to the interest rate.
You’ll also get the choice between a fixed-rate loan or a variable rate loan. Learn more about the difference between fixed and variable interest rates.
Features
A low interest rate is just the beginning. The right features can make a big difference over the life of your loan.
Some clever features to look out for are fee-free extra repayments, so you can pay down your home loan sooner and a free redraw facility (in case you need your extra repayments).
If you have some extra savings, an offset account is another useful feature that can help you save money on interest.
Compare our home loans and features today.
Fees
Most home loans have an establishment fee, however it’s important to check for ongoing fees such as a monthly or annual fee. Or a fee for making extra repayments. Ongoing fees add to the cost of your home loan and can sometimes cancel out a low interest rate.
You can use the loan comparison calculator to easily check the full cost of your loan and find the loan that will give you the best chance of saving money.
It’s normal to take your time when looking for a home loan and comparing before you commit is the best way to find the loan that’s right for you.
If you have any questions, we’re here to help. You can call us on 133 282 or connect with a Home Loan Specialist for an obligation free chat.
If you’re crunching the numbers, it’s likely we have a calculator that can do the math for you. Browse our list of calculators below and feel free to use as many as you like.
Repayments calculator
Estimate your repayments before you apply for a home loan.
Calculate my home loan repayments
Borrowing power calculator
Find out how much you can borrow for a home or investment property.
Discover my borrowing power
Upfront costs
Calculate how much you’ll need in addition to your deposit.
Calculate my upfront costs
Stamp duty calculator
Find out if you need to pay stamp duty.
Calculate my stamp duty
Rent vs buy calculator
Renting but want to buy? Get an estimate of your borrowing power based on your current rental payments.
Why rent when you could buy
Refinance calculator
Discover how much you can save simply by switching your home loan.
Calculate my refinance
Split loan calculator
Can’t decide on a fixed or variable home loan? Split it and enjoy the best of both worlds.
Split my loan
HOME LOANS
- Competitive rates.
- Fee-free extra repayments.
- Smart tools and clever features to help you own your home sooner.
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Rates are current as at 13 November 2024 and subject to change.
Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL and Australian Credit Licence 238317. Lending criteria, limits, conditions, and fees apply. Applications are subject to credit approval.
1 Discounts off the Offset Variable Reference Rate are available to (a) new home loans with a minimum application amount of $100,000; or (b) switching or restructuring of the home loan you already have with us when it includes new borrowing of at least $10,000; and the application is unconditionally approved on or after 13 November 2024. Published interest rates are inclusive of any discounts off the respective Reference Rates. Interest rates and discounts vary based on the loan purpose (owner occupier or investor), repayment type (principal and interest, interest only, construction) and Loan to Value Ratio (LVR). Maximum LVR applies and includes Lenders' Mortgage Insurance and Great Southern Bank loan setup fees where applicable.
2 Great Southern Bank may withdraw or amend this offer at any time without notice. A change in your loan purpose, your repayment type or your loan product will permanently end your entitlement to the discount.
3 LVR means ‘Loan to Value Ratio’. It is the amount of your loan divided by the valuation of your property, calculated as a percentage. For example, if you apply for a loan of $400,000, which will be secured by a property valued at $500,000, your LVR is 80%. We calculate your LVR at the time we approve your loan and your discount won’t change because of changes to the LVR during the life of your loan.
#Offer includes $0 Establishment Fee and is open to new or existing customers applying for a minimum application amount of $100,000 or more. Excludes applications for Internal Refinance of existing facilities. Applications must be received between 31/08/2022 and 28/02/2025 and settled by 31/05/2025. To be eligible to apply online you must be at least 18 years of age, a permanent resident of Australia, applying for yourself or as a married/defacto couple and buying an existing property or refinancing. Great Southern Bank may withdraw or amend this offer at any time without notice.
^ Comparison rate accurate for $150,000 secured loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
If you’re in the market for a property but aren’t sure if you can get the home loan you need, pre-qualify can make your path forward clearer.
Use pre-qualify to tell us how much you want to borrow, your income, debts and expenses. We’ll give you a good indication of what you may be able to borrow.
- An accurate picture of your borrowing power
- No credit checks or commitment to apply
- Only five minutes to pre-qualify
- Pre-qualify is the easy first step when considering a home loan
What’s the difference between pre-approval and pre-qualify?
Think of pre-qualifying as the free sample you get at an ice-cream shop. There’s no commitment. You’re just discovering what’s on offer to you.
Pre-approval is when you’re serious about buying. You formally apply for a home loan and give us detailed information about your financial and employment situation. We also run a credit check to review your credit history. You’ll end up with a definitive amount that you can borrow so you can start making offers on properties.