![]() 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.Ĥ 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. 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%. It is the amount of your loan divided by the valuation of your property, calculated as a percentage. A change in your loan purpose, your repayment type or your loan product will permanently end your entitlement to the discount.ģ LVR means ‘Loan to Value Ratio’. ![]() Maximum LVR applies and includes Lenders Mortgage Insurance and Great Southern Bank loan setup fees where applicable.Ģ Great Southern Bank may withdraw or amend this offer at any time without notice. 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). Published interest rates are inclusive of any discounts off the respective Reference Rates. Applications are subject to credit approval.ġ 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 11 October 2022. Lending criteria, limits, conditions and fees apply. ![]() Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL and Australian Credit Licence 238317. Rates current as at 11 October 2022 and subject to change.
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