The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 95%
The details shown below are for an investor taking out a principal & interest loan of at least $150,000 with an LVR below 95%
The details shown below are for an investor taking out a interest only loan of at least $150,000 with an LVR below 80%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 95% | $150,000 | |
| | Investor | Principal & Interest | < 95% | $150,000 | |
| | Investor | Interest Only | < 80% | $150,000 |
Owner Occupier (Principal & Interest)
LVR < 95%
Loan: $150,000
Investor (Principal & Interest)
LVR < 95%
Loan: $150,000
Investor (Interest Only)
LVR < 80%
Loan: $150,000
If you’re after a home loan that does a little more than get you your dream home, why not check out Gateway Bank’s Fixed Rate Home Loan Premium Package? The loan offers competitive fixed rates (particularly on 3-year terms for owner occupiers), some handy features (like extra repayments) and even some extra discounts as part of the package.
The Gateway Bank Fixed Rate Home Loan package offers fixed rates on 1-5 year terms, with rates starting from as low as 2.27% (3.33% comparison rate)* with a 3-year fixed term for owner occupiers. The minimum loan amount is $150,000 and there's a maximum LVR of 95%, meaning that it could be an option to consider for first home buyers with a deposit lower than 20%.
Borrowers will be able to make their repayments on a weekly, fortnightly or monthly basis, plus they'll be able to make extra repayments towards the loan balance (for free) if they fancy chipping away at their loan faster. There's no redraw facility available, nor is there an offset account attached, but that's not unusual for a fixed home loan.
There are also some package perks on offer with the loan, including an extra 0.10% p.a on a Gateway Bank term deposit along with a discount on a CGU general insurance policy. Just bear in mind that these perks don't come for free, because the loan comes with a $299 yearly service fee.
In addition to that fee, there's also a $300 discharge fee and Gateway Bank may charge you a valuation fee the property you're looking to buy is 'non-standard'.
The Gateway Bank Fixed Rate Home Loan could be a good option for owner occupiers or investors who are keen to fix their rate for a few years with a competitive rate - particularly those who may like the flexibility provided by the high (95%) LVR threshold.
Just remember, if you are thinking about taking out a loan with an LVR higher than 80% you may be required to take out lenders mortgage insurance. The 3.25% revert rate is also something to factor in, so it might be a good idea to compare other offers on the market once your fixed rate period is coming to an end to make sure you’re still on a competitive rate.
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| 2.14% (3.47%*) | |
| 2.18% (3.39%*) | |
| 2.27% (3.32%*) | |
| n/a | |
| 2.84% (3.41%*) | |
| n/a | |
| n/a | |
| 3.25% p.a. |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $299.00 yearly | |
| $300.00 |
| $150,000 | |
| none | |
| none | |
| 95.00% |
| Weekly, Fortnightly, Monthly | |
| yes - free | |
| none | |
| no | |
| none | |
| yes | |
| no | |
| A $95 fee applies for each security discharge in addition to the first. A valuation fee may apply if non-standard or more than one security is used. | |
| 0.10% bonus rate on term deposits, 10% discount off CGU general insurance premiums. | |
| none |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| 2.38% (3.81%*) | |
| 2.38% (3.71%*) | |
| 2.47% (3.63%*) | |
| n/a | |
| 3.08% (3.71%*) | |
| n/a | |
| n/a | |
| 3.61% p.a. |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $299.00 yearly | |
| $300.00 |
| $150,000 | |
| none | |
| none | |
| 95.00% |
| Weekly, Fortnightly, Monthly | |
| yes - free | |
| none | |
| no | |
| none | |
| yes | |
| no | |
| A $95 fee applies for each security discharge in addition to the first. A valuation fee may apply if non-standard or more than one security is used. | |
| 0.10% bonus rate on term deposits, 10% discount off CGU general insurance premiums. | |
| none |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| 2.85% (3.85%*) | |
| 2.85% (3.79%*) | |
| 2.95% (3.75%*) | |
| n/a | |
| 3.39% (3.83%*) | |
| n/a | |
| n/a | |
| 3.61% p.a. |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $299.00 yearly | |
| $300.00 |
| $150,000 | |
| none | |
| none | |
| 80.00% |
| Weekly, Fortnightly, Monthly | |
| yes - free | |
| none | |
| no | |
| none | |
| yes | |
| no | |
| A $95 fee applies for each security discharge in addition to the first. A valuation fee may apply if non-standard or more than one security is used. | |
| 0.10% bonus rate on term deposits, 10% discount off CGU general insurance premiums. | |
| none |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
Buyer beware. They claim to be a member bank but they certainly do not put their members first.
Read full reviewBuyer beware. They claim to be a member bank but they certainly do not put their members first.
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Smart Booster Home Loan
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2.59% p.a.
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Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a. variable
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2.59% p.a.
fixed 3 years
3.71% p.a.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a.
2.21% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.59% p.a.
fixed 3 years
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3.21% p.a.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
