Product Library

Reverse Mortgage Lump Sum

Category: Overdrafts Last Updated November 22, 2025 Effective December 22, 2025

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
7.90% PA

Comparison Rate
7.98%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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