Reverse Mortgage

 General Lending Rates

 Product Features

• Card Access Additional Information: Link a Gateway Visa Card, giving you the freedom of EFTPOS and ATMs across Australia

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

• Unlimited Txns Additional Information: Unlimited extra repayments

 Product Eligibility

• Min Age - 18.

 Bank Fees and Charges

• Settlement Fee (Upfront), Amount: 995.00. Additional Information: Settlement Fee includes application, legal and standard valuation fees (if property valued under $1m in metro locations and $500k in regional locations with a maximum land area of 2.2ha/5acres) Any additional valuation costs incurred for a non-standard property is payable in addition to the Settlement Fee

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

• Switch Fee (Event), Amount: 99.00. Additional Information: Switch Fee

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

• 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: This fee may be payable at cost if the mortgaged property is valued at over $1 million in metropolitan locations and over $500,000 in regional locations

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

• Additional Repayment Fee (Transaction), Amount: 0.00. Additional Information: Ongoing Repayments are optional, and you may repay the loan at any time. Nil for Reverse Mortgages.

• Monthly Account Fee (Periodic), Amount: 0.00. Additional Information: No ongoing monthly fee. Nil for Reverse Mortgages.

 Limitations & Restrictions (Constraints)

• Max Limit of 2000000.00

• Min Limit of 50000.00