Category: Home Loans Last Updated September 25, 2024 Effective November 1, 2024
General Lending Rates
Rates listed below are for a FIXED Owner Occupied P&I product. Additional Information Premium Package - 3 Year Fixed P&I (<=95% LVR)
Interest Rate 5.64% PA
Comparison Rate 6.25%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 Features
Digital BankingAdditional Information: Access is available to online banking features for the product
OtherAdditional Information: Options to split variable options and fixed rate. Interest rate lock for up to 90 days on fixed rate loans
OtherAdditional Information: Preferential term deposit rates. Earn an extra 0.10%p.a. on your Term Deposit accounts so your investments work
harder for you
OtherAdditional Information: Preferential insurance rates. Enjoy a 10% discount off CGU General Insurance premiums
Unlimited TxnsAdditional Information: Unlimited extra repayments
Product Eligibility
Min Age - 18.
Bank Fees and Charges
Annual Package Fee (Periodic), Amount: 299.00. Additional Information: Payable at settlement and then again on each anniversary
Discharge Fee - First Security (Exit), Amount: 300.00. Additional Information: Discharge Fee - First Security
Discharge Fee - Per Additional Security (Exit), Amount: 95.00. Additional Information: Discharge Fee - Per Additional 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)
Split Loan Account Fee (Upfront), Amount: 0.00. Additional Information: Nil, up to 2 loan accounts. Fees apply thereafter
Top Up Fee (Transaction), Amount: 0.00. Additional Information: Top up fee. Nil 1st top up, then $200
Payable at settlement when increasing loan borrowings
Mortgage Registration Fee (Upfront), Amount: 0.00. Additional Information: Government charges at cost
Rate Lock Fee (Upfront), Amount: 0.00. Additional Information: Payable at application for Rate Lock in the prevailing fixed rate, valid for 90 days from request date. 0.15% of locked loan
amount
Switch Fee (Event), Amount: 0.00. Additional Information: Nil for 1st switch then $125.
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: 0.00. Additional Information: Security Variation Fee. Nil 1st var then $200.
Payable if Gateway agrees to vary the security on an existing loan
Early Repayment Adjustment (era)(break Costs) (Exit), Amount: 0.00. Additional Information: Early Repayment Adjustment (ERA) (break costs). Payable if Gateway suffers a loss when loan is repaid in full during a fixed interest rate period. Unascertainable (ERA formula available upon request)