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.
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.
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 1930’s.
Rewards Well Deserved
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.
What Greater Bank can offer you
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.
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.
In a Nutshell
- Loan minimum $5,000
- Loan maximum $100,000
- Interest rate From 5.99% per annum fixed rate new car loan
- Loan term minimum 12 months
- Loan term maximum 7 years
- Average processing time 3 business days
- Online application
- In-store application
- Secured loan option
A Competitive Car Loan for Australians
Currently offering a rate of 3.59% with a comparison rate of 4.42%, a vehicle loan from the Greater Bank 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.
Their Establishment Fee
In order to get a car loan from the Greater Bank, a $250 once-off fee must be paid and there are no further hidden costs.
Get Additional Features on your Loan
Because of the parceling 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
Eligibility & Requirements
- Full or restricted drivers license
- Employed full-time
- Earning a stable income
- Credit check
- Good credit history
Other Products & Services
- Home Loans
- Personal Loans
- Credit Cards
- Everyday Banking
Here’s a short video about Greater Bank
- 103 Tudor Street, Hamilton, NSW, 2303, Australia
- PO Box 173, Hamilton, NSW 2303, Newcastle, 7863, Australia
- 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 –