Rating based on 18 reviews

Greater Bank

  • Car loans up to $100,000
  • Low-interest starting from 3.59%
  • Repayment up to 7 years

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Greater Bank homepage
Author Greater Bank. Screenshot of Greater Bank website.
[Accessed May 24, 2023]

About Greater Bank

Greater Bank has a long history, stemming from its formation in 1924 as an old-school building society. Having evolved into a modern day bank, vehicle, personal and home loans are now all products of this reputable entity.

Its a leading financial institution committed to providing exceptional banking services to individuals and businesses. With a rich history spanning over 75 years, it operates with a customer-centric approach, focusing on delivering personalised solutions tailored to meet the diverse needs of its clients.

As a customer-owned bank, its primary goal is to create value for its customers by offering competitive rates, innovative products, and outstanding customer service. Their commitment to transparency, integrity, and customer satisfaction sets them apart as a trusted and reliable banking partner.

A people-focused identity

Completing a number of successful mergers and acquisitions over the decades, Greater Bank nonetheless retained its people-focused identity with competitive rates and account facilities as one would expect from any typical bank.

The charitable aspect of their endeavours carries over the original ethos and intent of their formation all those years ago.

Nationwide reach

Headquartered in Newcastle, New South Wales, its network of branches, ATM’s and modern day banking apps all contribute to its national reach, far beyond that imagined by the original founders.

A growing company

Still wholly transparent and growing strongly, few other lenders have the credibility of Greater Bank in the eyes of Australian citizens.

At its formation, the company offered interest-free personal loans to people wanting to purchase their own homes, against the backdrop of the depression of the 1930s. Roy Morgan Research awarded Greater Bank the Building Society of the Year, based on customer satisfaction level and it evaluation by more than 50,000 consumers and 22,000 businesses during the year of 2013.

Greater Bank Services

Offering a full range of banking facilities, vehicle finance is no exception as it comes without obligation yet logically accompanied, by insurance and maintenance products a buyer may choose to avail themselves of, when purchasing a vehicle through Greater Bank.

Although described as a personal loan for a car and/or a vehicle purchase, the online application is pretty straightforward and the system will direct things appropriately once a customer has identified their desire for a car loan.

Information you can use

The Greater Bank has very pertinent and informative content on car loans and an application that covers the essential basics everyone making a vehicle purchase should consider.

Discover the Greater Bank car loan

Its fixed-rate loan caters to new vehicles, providing you with substantial funds, ranging from $10,000 to $100,000, at competitive interest rates. With flexible repayment options, choose a loan term that suits you, ranging from 1 to 7 years.

With no monthly or annual fees, you can enjoy significant savings. Manage your loan conveniently through its online banking platform and mobile app, allowing you to make additional repayments without incurring any penalties. 

Before your loan is paid out

Having met the standard requirements of documentation for the loan, Greater Bank will identify and confirm acceptance of the vehicle in question and the quick loan will then be extended to the consumer.

To their credit, they highlight issues such as stamp duty, third-party insurance and vehicle insurance for the consideration of any prospective vehicle owner.

Want to save for your next car?

Another facility on offer from the Greater Bank is welcomed by those who would rather go at things from the other end, whereby a savings account is specifically opened so that a client can save the cash value amount of the vehicle and buy it outright.

More usually, personal loans are extended for this purpose and then one simply repays the bank, having bought the vehicle with the lump sum.

Greater Bank – Car loan

  • Loan Type Car loans
  • Interest Rate 3.594.42% p/a
  • Loan Amount up to $100,000
  • Repayment 12 months to 7 years

Benefits of Greater Bank

  • Competitive interest rates start at 3.59%
  • Get vehicle finance up to $100,000
  • Repayment terms are up to 7 years

Car loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This car loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Greater Bank has very pertinent and informative content on car loans and easy loan applications

A Greater Bank vehicle loan can be unsecured or secured, depending on the vehicle’s status and the route followed by the client and from this, the interest on repayments follows.

In order to get a Greater Bank car loan, a $250 once-off fee must be paid and there are no further hidden costs.

Get additional features on your Greater Bank car loan

Because of the parcelling of products, it’s always best to make a phone call before submitting an online loan application in order to establish if there are any bonus features such as maintenance plans or insurance options that can be bundled into the car loan.

This can result in a nominal saving on the purchase over the longer term

A product tailored to your needs and budget

Greater Bank offers more than just a personal loan they offer you a car loan that will suit your needs as well as your budget. They'll help you find what you need. They even offer financial planning to help you plan for the future and the future of your family or help you make sure that you'll never be in bad debt. They'll also help you with your insurance. 

Calculate and get the best 

You would probably like to know the amount that you'll be spending on your vehicle and the amount you'll be paying back. Now with their calculator, all you do is place the amount that you would like to loan into the bracket and let it do the rest. 

Great Bank car loan eligibility 

To be eligible for a Greater Bank car loan, you must meet certain criteria. You need to be at least 18 years old and have a regular income to demonstrate your ability to repay the loan. The bank may also consider factors such as credit history, employment stability, and existing financial obligations.

To apply, individuals can easily access Greater Bank's online application process, which is designed to be user-friendly and convenient. You'll be guided through the necessary steps, providing personal and financial information, including the desired loan amount and repayment term. The bank aims to streamline the process for quick approval, allowing you to get behind the wheel of your dream car sooner.

man holding thumbs up

Greater Bank is a trusted & reliable provider of car loans

In our review, Greater Bank adheres to the compliance criteria in accordance with the National Consumer Protection Act, where the granting the loan will not cause financial distress to the consumer.

✅ Greater Bank is a registered credit provider in Australia: ACL 237476

Customer Reviews & Testimonials

November 2018

Travel insurance super easy to get through Greater Bank and super help from the staff. I recommend them.

Bree S
— Sydney —

January 2019

I love this company thank you for always being there.

Charlie M
— Perth —

Greater Bank Contact

Physical Address

Postal Address

  • PO Box 173, Hamilton, NSW 2303, Newcastle, 7863, 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