Low Rate Essentials

General Lending Rates

Product Variations

Product Features

• Digital Banking Additional Information: Access is available to online banking features for the product.

• Extra Repayments Additional Information: Unlimited extra repayments

• Other Additional Information: Options to split variable options and fixed rate. Interest rate lock for up to 90 days on fixed rate loans.

• Redraw Additional Information: Home loan redraw facilities allow borrowers to withdraw the additional funds they put into their variable rate home loan.

Product Eligibility

• Min Age - 18.

Bank Fees and Charges

• Discharge Fee - First Security (Exit), Amount: 300.00. Additional Information: Discharge Fee - First Security

• Top-up Fee (Event), Amount: 200.00. Additional Information: Payable at settlement when increasing loan borrowings

• Switch Fee (Event), Amount: 125.00. Additional Information: Payable if Gateway agrees to vary the Loan Agreement on existing Gateway loan as follows: Product switch (e.g. from variable rate to a fixed rate) Repayment switch (e.g. P&I to Interest Only) Split (e.g. into part variable rate and part fixed rate)

• Security Variation Fee (Event), Amount: 200.00. Additional Information: Payable if Gateway agrees to vary the security on an existing loan

• Discharge Fee - Per Additional Security (Exit), Amount: 95.00. Additional Information: Discharge Fee - Per Additional Security

• Establishment Fee (Upfront), Amount: 0.00. Additional Information: Nil. Payable at settlement of new loan, and may be payable at substitution of security or when adding a new security

• Valuation Fee (Upfront), Amount: 0.00. Additional Information: Nil 1st Valuation then $325. Payable if valuation required per property Applies to standard single residential dwellings to $1 million in Metro locations and $500,000 in Regional locations (maximum land area 2.2ha/5 acres)

• Legal Fee (Upfront), Amount: 275.00. Additional Information: Payable at settlement to cover solicitor's documentation costs

• Split Fee (Upfront), Amount: 0.00. Additional Information: Split Fee. Nil, up to 2 loan accounts. Fees apply thereafter

• Exit Fee (Exit), Amount: 0.00. Additional Information: Nil

• Annual Package Fee (Upfront), Amount: 0.00. Additional Information: Nil. Payable at settlement and then again on each anniversary

• Mortgage Registration Fee (Upfront), Amount: 0.00. Additional Information: Government charges at cost

• Additional Valuation Fee (Event), Amount: 0.00. Additional Information: Payable if we or you decide to obtain an additional valuation report (which we may do at any time). At Cost

 Limitations & Restrictions (Constraints)

• Max Limit of 2000000.00

• Max Lvr of 95.00

• Min Limit of 50000.00

Document Downloads

  gateway-loan-fees-and-charges.pdf (130.1 KB)