Product Library

Reverse Mortgage Lump Sum

Category: Overdrafts Last Updated March 31, 2026 Effective April 29, 2026

General Lending Rates

Rates listed below are for a VARIABLE Owner Occupied Interest Only product. Additional Information Reverse Mortgage Lump Sum (<=55% LVR)

Interest Rate
8.40% PA

Comparison Rate
8.48%PA*

Product rates will vary depending upon your financial position, LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.

Product Eligibility

Min Age - 65.

Bank Fees and Charges

Cheque Withdrawal Fee (Event), Amount: 10.00.

Quickdebit Dishonour Fee (Event), Amount: 15.00.

Split Fee (Upfront), Amount: 99.00.

Switch Fee (Event), Amount: 125.00.

Settlement Fee (Upfront), Amount: 995.00.

Limitations & Restrictions (Constraints)

Max Limit of 5000000.00

Max Lvr of 55.00 Additional Information: The max LVR is 20% with an age of 65. The maximum LVR of a reverse mortgage increases 1% with each year of the borrower's age

Min Limit of 50000.00

Document Downloads

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

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