Great Southern Bank

Welcome to Great Southern Bank, your trusted financial institution located in Capalaba, Redland City, Queensland, Australia. As a leading bank, establishment, and finance point of interest, we are committed to providing you with the tools, features, and products that will help you save your deposit faster and achieve your financial goals.

At Great Southern Bank, we understand that life can sometimes throw unexpected challenges your way. That's why we offer assistance to those experiencing financial hardship or challenging circumstances. Whether you're struggling with financial stress, facing difficulty in making payments, or dealing with vulnerability due to family violence, financial or elder abuse, or mental illness, we have options available to assist you.

We also provide guidance and support for handling a deceased estate, helping you navigate the process and providing you with the necessary information and resources to get started.

When it comes to loans, Great Southern Bank is here to help you every step of the way. Our loans are issued by Credit Union Australia Ltd, trading as Great Southern Bank, and we offer a range of lending options to suit your needs. Our lending criteria, limits, conditions, and fees apply, and all applications are subject to credit approval. Rest assured, our rates are competitive and subject to change.

When you choose Great Southern Bank for your loan, you have the flexibility to make repayments on a weekly or fortnightly basis, based on your preferences. Our loan contracts clearly state the minimum monthly repayment amount, giving you peace of mind and control over your finances.

We also offer discounts off the Basic Variable Reference Rate for eligible customers. These discounts are available for new home loans with a minimum application amount of $100,000 or for switching or restructuring existing home loans with new borrowing of at least $10,000. The interest rates and discounts vary based on the loan purpose, repayment type, and Loan to Value Ratio (LVR). Please note that changes to your loan purpose, repayment type, or loan product may affect your entitlement to the discount.

Speaking of LVR, it stands for Loan to Value Ratio and is calculated by dividing the amount of your loan by the valuation of your property. We calculate your LVR at the time of loan approval, and any changes to the LVR during the life of your loan won't affect your discount.

To provide transparency, we offer a comparison rate that accurately reflects the cost of a $150,000 secured loan over 25 years. However, please note that this comparison rate may not include all fees and charges. Different terms, fees, or loan amounts may result in a different comparison rate.

For a limited time, we are offering a special deal with $0 Establishment Fee for new or existing customers applying for a minimum application amount of $100,000 or more. To be eligible, applications must be received between 31/08/2022 and 31/10/2023 and settled by 31/01/2024. Great Southern Bank reserves the right to withdraw or amend this offer without notice.

If you're in the market for a property, applying for pre-approval with Great Southern Bank can give you a clear understanding of the maximum amount you can borrow. Pre-approval means that a lender has agreed to lend you a specified amount of money in principle, allowing you to narrow your search, negotiate confidently, and make an offer with certainty.

Lastly, we want to highlight the Australian Government initiatives that support eligible Australians in building or purchasing a new home sooner. These initiatives include the First Home Guarantee, Family Home Guarantee, and Regional First Home Buyer Guarantee. If you're eligible, these programs can provide valuable assistance in achieving your homeownership dreams.

At Great Southern Bank, we are dedicated to providing exceptional service, personalized solutions, and financial support to help you thrive. Visit us in Capalaba, Redland City, Queensland, or explore our website to discover how we can assist you on your financial journey.