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Repayments calculator

Borrow smarter and estimate your repayments before you apply.
Calculate your repayments
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repayments 
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Owner occupier, principal & interest, 30 year loan term. Includes discount on new and additional lending, LVR 70% or less. Based on interest rate of X.XX% and comparison rate^ of X.XX%1,2,3
The rate you have entered is not necessarily a rate available for new lending with Great Southern Bank. Repayments are based over a 30 year loan term.

Your contracted home loan repayments will be set to a monthly frequency, meaning you will need to meet the agreed repayment amount by the due date stated on your loan contract each month. To meet this minimum monthly amount, you can however make repayments weekly or fortnightly.

This is a quick estimate. Calculate your repayments in more detail.

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FAQS

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.

How much will my repayments be?

You can use our repayments calculator to estimate your repayments for a given loan and term.

When you apply for a home loan your Home Loan Specialist will give you a detailed breakdown of your repayments for your loan type and borrowing amount.

What if the estimated repayments are more than I can afford?

If the estimated repayment amount is more than you can afford, you could consider lowering the amount you wish to borrow or looking for a cheaper property. Expanding your property search to nearby suburbs may lead you to a hidden bargain.

Can I make extra repayments?

Yes. At Great Southern Bank you can make extra repayments on your home loan at no extra cost.

Our variable rate home loans have unlimited extra repayments, while with our fixed rate home loans you can make up to $30,000 in extra repayments at no additional cost.

Making extra repayments can help you pay off your home loan sooner. With our clever tool, The Boost, you can set an amount between $0.01 and $5 to automatically transfer to your home loan account every time you use your debit card. You’d be surprised how these small amounts can really add up.

HOME LOANS

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Our home loans come with:
  • Competitive rates.
  • Fee-free extra repayments.
  • Smart tools and clever features to help you own your home sooner.

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Offset Variable Home Loan
Discounted rates from
6.19
%
p.a.
Comparison rate^
6.25
%
p.a.
Find out more
Owner occupier, principal & interest. Includes discount on new and additional lending, LVR 70% or less. Minimum loan amount applies.1,2,3

Learn more about home loans

Four ways to help you own your home sooner

If you're a home owner or looking to become one, here are some tips that could help you reduce the amount of interest you owe so you can own your home sooner.

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A guide to saving for a home deposit

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What is Lenders Mortgage Insurance and who needs to pay for it?

If your home deposit is below a certain amount, you may need to pay Lenders Mortgage Insurance. Find out how it works here.

Read more
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Important Information

Rates current as at 7 March 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 Basic Variable and 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; for new home loan applications unconditionally approved on or after 7 March 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 and 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.

4 Fixed Rate loans are available to (a) new home loans with a minimum application amount of $100,000; or (b) switching or restructuring of existing home loans. Maximum Loan to Value Ratio applies and includes Lenders' Mortgage Insurance and Great Southern Bank loan setup fees where applicable.

5 On expiry of the fixed rate period, the loan reverts to the Basic Variable Reference Rate relevant to your loan purpose and repayment type which applies at the time of expiry.

^ 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.

#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 30/06/2024 and settled by 30/09/2024. 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.

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Applying for pre-approval allows you to know the maximum amount you can borrow while you look for a property.

Pre-approval means that a lender has agreed to lend you an amount of money in-principle, but the loan hasn't been proceeded to full or final approval.

While pre-approval is not a fully approved loan it can help you narrow your search, negotiate, and make an offer with certainty and confidence.

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First Home Guarantee
Family Home Guarantee
Regional First Home Buyer Guarantee

The Australian Government has introduced initiatives to support eligible Australians to build or purchase a new home sooner: the First Home Guarantee, Family Home Guarantee and Regional First Home Buyer Guarantee.

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