Greater Building Society is cutting all its variable home loan rates by 30 basis points - the only lender to cut its rate by more than 25 bps this week. Its standard variable rate will fall to 5.75 per cent, its basic rate will fall to 5.4 per cent and its package rate will fall to 5.19 per cent.Greater's chief executive, Don Magin, said in a statement: "Despite having higher funding costs and lower profits than the major banks, we think it is right to help our customers out at this time by passing on more than the Reserve Bank [rate cut]."Unlike the major banks, we are putting people before profits. People are throwing their hard-earned money away by not switching."Comparison website RateCity said that 24 lenders had announced rate cuts by the close of business yesterday. Twenty of them were passing on the full 25 basis point reduction in the cash rate.Loans.com.au cuts its standard variable rate by 24 basis points, Community First Credit Union by 22 bps and Police Bank by 20 bps.