Rating based on 34 reviews

Greater Bank

Updated

  • Personal loans up to $100,000
  • Low-interest starting from 4.89%
  • Repayment up to 7 years

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Greater Bank homepage

Author Greater Bank. Screenshot of Greater Bank website. [Accessed March 25, 2021]

About Greater Bank

We’ve been serving the societies of NSW and South East QLD with their investment essentials for over 70 years, and we’ve made a status of always being informed.

With above 250,000 clients and over $6 billion in possessions under administration, we seem to be heading on the right path as far as helping the future leaders in terms of financial management.

Technology & customer care

Technology has made things so much easier for us. By using our mobile online loan applications, you will have access to using your money in any way you wish. We work with an exceptional staff that goes above and beyond to ensure that they deliver a great service to our customers. Furthermore, they are always available to assist when our clients don’t understand some of our personal loan products or just need a little clarity. Whatever they need help with, our agents are always in arm’s reach.

Supporting your residential area

Greater Bank is able to assign a certain proportion of its yearly profits in the direction of supporting foundations and organizations that advance life consequences in the societies we call home.

Sympathy, Strength & Safekeeping

We are also an associate the Customer Owned Banking Association and act in accordance with the Customer Owned Banking Code of Practice. This code gives our clients the sureness of knowing they are protected by a business promise to just and accountable investment. For more information about the Customer Owned Banking Code of Practice, access the Customer Owned Banking Association website.

Greater Bank Services

Clients are required to log onto our website and apply for personal loan. This is the quickest and easiest application method because all the questions that are asked during the application process are straightforward and not too complicated to understand.

If you feel that there are certain questions you are battling to comprehend, you can give us a call at 1300 721 253 and we will assist you where you feel you are stuck.

Assessment & verification process

After the client has applied, we will have to check the application form submitted to our attention together with the supporting documents. It is important that customers understand that we can’t check the application until we have received the supporting documents.

The documentation is necessary so that we can verify the income and expenses of the customer. Although we are looking into helping the customer, we have to check whether or not he will be able to afford the loan he is applying for and cannot offer bad credit loans to people who do not meet the minimum requirements.

If we find that he has too much debt, we will have to reject the loan and make it clear that the customer needs to pay some of his loans first before we approve another loan he is intending on obtaining.

Money in your bank account

After we are satisfied with the paperwork, the money will be sent to your bank account for your disposal. If the quick loan application is done before the end of the business, you will get your money on the same day.

Greater Bank Product Details

  • Loan Type Personal loans
  • Interest Rate 4.89 – 8.95% p/a
  • Loan Amount up to $100,000
  • Repayment 1 year to 7 years

Summary of Services

  • Use your loan to consolidate debt
  • Competitive rates
  • Flexible repayment terms

Greater Bank – Secured vs Unsecured personal loans

Due to the fact that there are different kinds of long and short-term loans, it is safe to say that the options will also be diverse. As such, you need to know that the difference between the two before you take the option of either financial plan.

1. Secured loan

A secured loan means that the credit advance is protected by a certain kind of asset. The common benefit of opting for a protected advance plan is that clients pay a lower interest rate.

2. Unsecured loan

On the other hand, an unsecured is the total opposite of a secured loan. This just means that your loan is not protected, and you can be liable to pay a higher interest rate. Furthermore, it usually means that the client doesn’t have an asset to protect his loan against. Depending on the kind of benefits you look for from a loan, both options can be preferable. Secured loans are best for debt consolidation purposes. 

Requirements & eligibility for a personal loan

  • The client must be over the age of 18 years
  • Be a permanent resident in Australia
  • Have a constant source of income

When will you know of the outcome of your loan?

We have to review your loan and we will let you know the outcome of our advance the following business day.

What if you can’t pay your personal loan on time?

If you can’t pay your personal loan on time, you need to notify us as soon as possible and not wait until the day of your scheduled payment. You will be liable for dishonesty fees and this may cause a dent on your credit profile.

Customer Reviews & Testimonials

Really affordable personal loan option that allows not only flexible repayments but is understanding when financial circumstances change and loan repayments need to be altered. I highly recommend...

Matthew G
— Darwin —

If you are looking for a quick and easy personal loan which will have the money in your account fast, I highly recommend Greater Bank!

Holly O
— Newcastle —

Greater Bank Contact Details

Contact Number

E-Mail

  • not available

Website

Physical Address


Postal Address

  • Greater Bank PO Box 173, Hamilton, 7863, NSW, Australia

Opening Hours

  • Monday 09:00 – 17:00
  • Tuesday 09:00 – 17:00
  • Wednesday 09:00 – 17:00
  • Thursday 09:00 – 17:00
  • Friday 09:00 – 17:00
  • Saturday 09:00 – 12:00
  • Sunday – Closed