Interest
6.75%p.a.
Comparison*
7.84%p.a.
Est. repayment
$3,243
LVR ≤95%
Great Southern Bank Home Loan Rates
Great Southern Bank lifted its variable home-loan rates by 0.25 percentage points from 7 October 2026, Ratesniffers records. Every lender's date is in the RBA rate pass-through tracker.
Tracked products
123
Variable product example
6.49%
A verified Great Southern Bank product example is Basic Variable 70% - 80% LVR Owner Occupied P&I: 6.49% p.a. (6.53% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
Fixed product example
6.75%
A verified Great Southern Bank product example is 3 Year Fixed Owner Occupied P&I: 6.75% p.a. (7.84% comparison rate), 36-month fixed, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band up to 95%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
Variable example comparison
6.53%
A verified Great Southern Bank product example is Basic Variable 70% - 80% LVR Owner Occupied P&I: 6.49% p.a. (6.53% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
Last updated
1 November 2026
Great Southern Bank (formerly CUA, Credit Union Australia) is Australia's largest customer-owned bank by membership. Headquartered in Brisbane, it combines mutual-banking governance with a national online home-loan offering. The Offset Variable bundles 100% offset on eligible loans.
What are Great Southern Bank home loan rates?
Ratesniffers compares Great Southern Bank home loan products by comparison rate. A verified Great Southern Bank product example is Basic Variable 70% - 80% LVR Owner Occupied P&I: 6.49% p.a. (6.53% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. A verified Great Southern Bank product example is 3 Year Fixed Owner Occupied P&I: 6.75% p.a. (7.84% comparison rate), 36-month fixed, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band up to 95%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. Compare Great Southern Bank against the wider market on home loan rates, check the comparison rate used to rank the table, or model extra payments with the extra repayments calculator.
What is the lowest Great Southern Bank home loan rate?
A verified Great Southern Bank product example is Basic Variable 70% - 80% LVR Owner Occupied P&I: 6.49% p.a. (6.53% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. A verified Great Southern Bank product example is 3 Year Fixed Owner Occupied P&I: 6.75% p.a. (7.84% comparison rate), 36-month fixed, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band up to 95%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. These selected examples do not establish the lowest rate across every product or borrower scenario.
How many home loan products does Great Southern Bank offer?
Ratesniffers currently tracks 123 Great Southern Bank home loan products across variable, fixed and interest-only options for owner-occupiers and investors, and ranks the 22 that pass our data-quality checks on this page. Every rate is ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest products sit at the top.
Great Southern Bank home loan rates at a glance
| Product type | Rate | Comparison rate | Max LVR |
|---|---|---|---|
| Fixed 3-year Owner-occupier P&I | 6.75% p.a. | 7.84% p.a. | 95% |
| Fixed 3-year Owner-occupier P&I | 6.75% p.a. | 7.84% p.a. | 98% |
| Variable Owner-occupier interest-only | 7.84% p.a. | n/a | 90% |
| Fixed 2-year Owner-occupier interest-only | 7.25% p.a. | 7.85% p.a. | n/a |
| Fixed 5-year Investor P&I | 7.00% p.a. | 7.95% p.a. | n/a |
| Fixed 5-year Investor P&I | 7.00% p.a. | 7.95% p.a. | 90% |
| Fixed 1-year Owner-occupier interest-only | 7.25% p.a. | 7.95% p.a. | n/a |
| Fixed 2-year Owner-occupier P&I | 6.75% p.a. | 7.98% p.a. | n/a |
| Fixed 2-year Owner-occupier P&I | 6.75% p.a. | 7.98% p.a. | 95% |
| Fixed 2-year Owner-occupier P&I | 6.75% p.a. | 7.98% p.a. | 98% |
| Fixed 3-year Investor interest-only | 7.25% p.a. | 8.06% p.a. | n/a |
| Fixed 1-year Owner-occupier P&I | 6.75% p.a. | 8.13% p.a. | n/a |
22 of 123 tracked Great Southern Bank home loan products
Interest
6.75%p.a.
Comparison*
7.84%p.a.
Est. repayment
$3,243
LVR ≤98%
Great Southern BankOffset Variable 80% - 90% LVR Owner Occupied IO (Extended Loan Term)
VariableOffsetRedraw
Interest
7.84%p.a.
Comparison*
Not available
Est. interest only / month
$3,267
LVR 80 to 90%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
7.25%p.a.
Comparison*
7.85%p.a.
Est. interest only / month
$3,021
LVR not stated
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
7.00%p.a.
Comparison*
7.95%p.a.
Est. repayment
$3,327
LVR not stated
Interest
7.00%p.a.
Comparison*
7.95%p.a.
Est. repayment
$3,327
LVR ≤90%
Interest
7.25%p.a.
Comparison*
7.95%p.a.
Est. interest only / month
$3,021
LVR not stated
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
6.75%p.a.
Comparison*
7.98%p.a.
Est. repayment
$3,243
LVR not stated
Interest
6.75%p.a.
Comparison*
7.98%p.a.
Est. repayment
$3,243
LVR ≤95%
Interest
6.75%p.a.
Comparison*
7.98%p.a.
Est. repayment
$3,243
LVR ≤98%
Interest
7.25%p.a.
Comparison*
8.06%p.a.
Est. interest only / month
$3,021
LVR not stated
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
6.75%p.a.
Comparison*
8.13%p.a.
Est. repayment
$3,243
LVR not stated
Interest
6.75%p.a.
Comparison*
8.13%p.a.
Est. repayment
$3,243
LVR ≤95%
Interest
6.75%p.a.
Comparison*
8.13%p.a.
Est. repayment
$3,243
LVR ≤98%
Interest
7.25%p.a.
Comparison*
8.19%p.a.
Est. interest only / month
$3,021
LVR not stated
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
6.95%p.a.
Comparison*
8.20%p.a.
Est. repayment
$3,310
LVR not stated
Interest
6.95%p.a.
Comparison*
8.20%p.a.
Est. repayment
$3,310
LVR ≤90%
Interest
7.25%p.a.
Comparison*
8.33%p.a.
Est. interest only / month
$3,021
LVR not stated
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
6.95%p.a.
Comparison*
8.36%p.a.
Est. repayment
$3,310
LVR not stated
Interest
6.95%p.a.
Comparison*
8.36%p.a.
Est. repayment
$3,310
LVR ≤90%
Interest
6.95%p.a.
Comparison*
8.53%p.a.
Est. repayment
$3,310
LVR not stated
Interest
6.95%p.a.
Comparison*
8.53%p.a.
Est. repayment
$3,310
LVR ≤90%
*Important Information and Comparison Rate Warning
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
Who is Great Southern Bank?
Great Southern Bank is the former Credit Union Australia (CUA), which adopted its bank name in 2021, research showed many customers did not understand what a credit union was. It remains 100% customer-owned, making it one of Australia's largest mutual banks.
Its home-loan range focuses on owner-occupiers and first home buyers, and as a mutual its profits go back into rates and service rather than shareholder dividends.
Who suits a Great Southern Bank home loan?
Great Southern Bank tends to suit borrowers, especially first home buyers, who want a customer-owned lender with a national footprint and digital-first service. Mutual ownership does not guarantee the lowest rate on any given day, so compare its comparison rates against the leaders in the table above.
Background facts checked 5 September 2026. Rates above refresh independently.
Great Southern Bank fees, offset and limits at a glance
- Application or establishment fee
- $0, $600 (varies)
- Discharge fee
- $500
- Settlement fee
- $195
- Additional valuation fee
- $300
- Rate lock fee
- $600 per fixed rate loan
- Loan portability
- $300
- Offset account
- 100%
- Minimum offset balance
- $1
- Lenders mortgage insurer
- Helia
- Capitalising LMI
- Refer product guidelines
- Maximum total lending
- $5m for all loans
- Extra repayments on fixed
- Up to $30k per fixed term
- When the fixed rate is locked
- Customers have up until full (unconditional) approval to request Fixed Rate Lock.…
Checked 8 Oct 2026. Lender fees and policy change without notice, so confirm the detail with the lender before you apply.
Sources checked 5 September 2026: www.greatsouthernbank.com.au, www.greatsouthernbank.com.au.
Great Southern Bank home loans: frequently asked questions
What are Great Southern Bank home loan rates?
Ratesniffers compares Great Southern Bank home loan products by comparison rate. A verified Great Southern Bank product example is Basic Variable 70% - 80% LVR Owner Occupied P&I: 6.49% p.a. (6.53% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. A verified Great Southern Bank product example is 3 Year Fixed Owner Occupied P&I: 6.75% p.a. (7.84% comparison rate), 36-month fixed, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band up to 95%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. Compare Great Southern Bank at /home-loans. The /guides/comparison-rate explains the fee-inclusive figure used to rank the table. To model extra payments, use /calculators/extra-repayment.
What is the lowest Great Southern Bank home loan rate?
A verified Great Southern Bank product example is Basic Variable 70% - 80% LVR Owner Occupied P&I: 6.49% p.a. (6.53% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. A verified Great Southern Bank product example is 3 Year Fixed Owner Occupied P&I: 6.75% p.a. (7.84% comparison rate), 36-month fixed, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band up to 95%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. These selected examples do not establish the lowest rate across every product or borrower scenario.
What is the monthly repayment on a $600,000 Great Southern Bank home loan?
For a hypothetical $600,000 principal-and-interest loan over 30 years, keeping this variable interest rate unchanged gives about $3,788 a month before fees. The selected source example is Basic Variable 70% - 80% LVR Owner Occupied P&I: 6.49% p.a. (6.53% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. Variable rates can change; this calculation does not establish eligibility or approval. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. Use /calculators/repayment to model your own amount and term.
How much do you need to earn for a $500,000 Great Southern Bank home loan?
There is no single salary requirement for a Great Southern Bank home loan. The lender assesses income, expenses, debts and repayment capacity. APRA's residential mortgage framework generally requires governed authorised deposit-taking institutions to apply a minimum 3 percentage point buffer above the payable interest rate, ignoring temporary introductory discounts, with prudent limited policy exceptions. This does not establish Great Southern Bank's actual assessment rate or approval criteria. Confirm the applicable lender policy and use /calculators/income-required for an illustrative estimate, not approval.
How does Great Southern Bank's home loan rate compare to the market?
A verified Great Southern Bank product example is Basic Variable 70% - 80% LVR Owner Occupied P&I: 6.49% p.a. (6.53% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. Across 30 covered listed lenders, the median advertised interest rate of one selected owner-occupier principal-and-interest variable example per lender at 80% LVR is 6.44% p.a., as of 20 October 2026. This describes those selected examples, not the whole market or rates approved for borrowers. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
How many home loan products does Great Southern Bank offer?
Ratesniffers currently tracks 123 Great Southern Bank home loan products across variable, fixed and interest-only options for owner-occupiers and investors, and ranks the 22 that pass our data-quality checks on this page. Every rate is checked daily against each lender's current published pricing and ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest loans sit at the top.
Is Great Southern Bank competitive for refinancing?
Compare Great Southern Bank's available product conditions and total costs with your existing loan. A listed rate does not establish refinance eligibility. Allow for discharge, establishment and any fixed-loan early repayment costs, and confirm applicable lender terms before switching. Compare the table with /home-loans/refinance.
How often are Great Southern Bank's home loan rates updated?
Ratesniffers refreshes Great Southern Bank's home loan rates daily; this page was last updated 1 November 2026. Rates can change whenever Great Southern Bank reprices or the RBA moves the cash rate, so the figures shown reflect the most recent data we hold rather than a static snapshot.
Does Great Southern Bank have an offset account, and what does it cost?
Yes. The Offset Variable Home Loan includes a 100% Multi-Account Offset at no charge, with $0 monthly and $0 annual fees. Up to six Great Southern Bank transaction accounts can be linked, and their combined balance offsets the loan. Each offset account needs a minimum $500 balance to earn the offset benefit, and offset funds do not earn interest.
Is Great Southern Bank a participating lender in the Australian Government 5% Deposit Scheme?
Yes. Great Southern Bank appears on the Australian Government's list of participating lenders for the 5% Deposit Scheme, and its own site says this is its sixth year taking part. Eligible first home buyers can buy with a 5% deposit and no LMI, and eligible single parents or guardians with a dependant from 2%. Price caps and eligibility rules apply.