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Great Southern Bank is one of the leading financial institutions in Australia, with a long history of commitment to the community and innovation in the banking sector. Originally known as CUA (Credit Union Australia), the institution rebranded to Great Southern Bank to reflect its evolution and scope.
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Community Focus: The bank has a strong commitment to its communities, promoting social and environmental initiatives.
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Diverse Products: It offers a wide range of financial products, including transaction accounts, savings accounts, personal loans, home loans, and credit cards.
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Customer Service: Great Southern Bank is known for its excellent customer service, with a dedicated team helping clients achieve their financial goals.
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Digital Innovation: The bank invests in technology to provide online and mobile banking services, making it easier for customers to access and manage their finances.
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Sustainability: Committed to sustainable practices, the bank promotes initiatives aimed at reducing its environmental impact.
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Accessibility: With a presence in various locations and online services, Great Southern Bank makes its products accessible to a wide audience.
Documents
To apply for a home loan with Great Southern Bank in Australia, you typically need the following documents:
1. Identification:
- Passport or driver's license.
- Photo ID.
2. Proof of Income:
- Payslips from the last 3 months.
- Tax returns (last 2 years).
- Documents for additional income (like rental income, investments, etc.).
3. Financial Information:
- Bank statements from the last 3 to 6 months.
- Details of other debts and financial commitments.
4. Property Details:
- Purchase contract (if applicable).
- Property documentation (title, valuations, etc.).
5. Proof of Address:
- Utility bills or official documents with your name and current address.
6. Other Documents:
- Any additional documentation that may be requested by the bank, depending on your financial situation.
Rates, fees, and commission
- Establishment Fee $600 or $0 (when you apply online).
- Security Administration Fee $235.
- Monthly Fee $0.
- Annual Fee $0.
- Fixed Rate Lock Fee (if applicable) $600.
How to apply
Here’s the step-by-step guide in English:
1. Assess Your Finances:
- Review your financial situation, including income, expenses, and debts. Use a loan calculator to estimate how much you can afford.
2. Research and Compare:
- Explore the different home loan options offered by Great Southern Bank. Compare interest rates, terms, and features.
3. Prepare Documentation:
- Gather all necessary documents, such as identification, proof of income, bank statements, and property information.
4. Get Pre-Approval:
- Apply for pre-approval to know how much the bank is willing to lend. This can make the property purchase easier.
5. Fill Out the Application Form:
- Visit the Great Southern Bank website or a branch to complete the home loan application form.
6. Submit Documentation:
- Send all required documents along with your application.
7. Wait for Assessment:
- The bank will assess your application and documentation. This may take a few days to weeks.
8. Receive Approval:
- If approved, you will receive a loan offer detailing the terms. Review everything carefully.
9. Sign the Contract:
- If you agree with the terms, sign the loan contract.
10. Finalize the Property Purchase:
- After signing, the bank will release the funds for the property purchase.
11. Stay in Contact:
- Keep in touch with the bank for any questions or additional information throughout the process.
Additional Tip:
Consider seeking help from a financial advisor or mortgage broker for guidance during the entire process!
These steps should help you navigate the home loan application at Great Southern Bank. Good luck!
You will be redirected to the bank’s official website
