Gateway Bank Fixed Rate Home Loan (Premium Package)
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 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
3.83% p.a.
4.73% p.a.
$299.00 yearly
Gateway Bank Fixed Rate Home Loan (Premium Package)
3.83% p.a.
4.73% p.a.
$299.00 yearly
Gateway Bank Fixed Rate Home Loan (Premium Package)
3.83% p.a.
4.73% p.a.
$299.00 yearly
4.28% p.a.
5.35% p.a.
$299.00 yearly
Gateway Bank Fixed Rate Home Loan (Premium Package)
4.28% p.a.
5.35% p.a.
$299.00 yearly
Gateway Bank Fixed Rate Home Loan (Premium Package)
4.28% p.a.
5.35% p.a.
$299.00 yearly
4.58% p.a.
5.43% p.a.
$299.00 yearly
Gateway Bank Fixed Rate Home Loan (Premium Package)
4.58% p.a.
5.43% p.a.
$299.00 yearly
Gateway Bank Fixed Rate Home Loan (Premium Package)
4.58% p.a.
5.43% p.a.
$299.00 yearly
Mozo Review Gateway Bank Fixed Rate Home Loan (Premium Package) Review
Last updated: 22 March 2018.
What's hot:
2018 Mozo Experts Choice winner
Fixed rates from 3.77% (4.79% comparison rate)
Receive discounts on CGU insurance
$0 application fee
What's not:
$299 service fee
No redraw facility
Mozo snapshot:
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? This loan features some of the lowest fixed rates around with fixed options between 1 - 5 years and has no application, legal, valuation or settlement fees. Throw in a discount for CGU insurance and an extra 0.10% earned on term deposits each year and you’ve got a dual 2018 Mozo Experts Choice Award winner for Fixed Rates and Split Home Loans.
Key features:
The Gateway Bank Fixed Rate Home Loan package offers some great fixed rates within a 1 - 5 time frame, with rates starting at just 3.77%. And while there is a yearly $299 service fee, you won’t have to fork out an application, legal, valuation or settlement fee. But it wouldn’t be called a premium package if there weren’t any added perks.
This loan gives borrowers the chance to earn an extra 0.10% p.a on a Gateway Bank term deposit along with a discount on a CGU general insurance policy. You’ll also be able to get on top of your loan with the free extra repayments facility, however, you should be certain before doing this, as there is no redraw facility with the loan. And if you’d like to try a loan with both rate types, you might be happy to know that you will be able to split your loan.
First home buyers with a deposit of less than 20% are able to apply for this loan, thanks to the maximum LVR of 95%, but in this case, you will need to pay lenders mortgage insurance. Just keep in mind that there is no offset account with this packaged loan and that once it has been paid off, there is a $300 discharge fee.
Who it's good for:
The Gateway Bank Fixed Rate Home Loan is a good option for owner occupiers or investors who are keen to fix their rate for a few years with a decent rate.
Any catches?
Because there’s no redraw facility with the Fixed Rate Home Loan Premium Package, you’ll want to be certain before making any additional repayments.
The 4.57% revert rate is also something you’ll need to remember, as it might be a good idea to compare other offers in the market to make sure you’re still on the most competitive rate.
Details
Rates and fees information correct as at 23 September 2018.
Rates
-
p.a.
-
p.a.
-
0 Months
-
none
-
3.77% (4.87%*)
-
3.80% (4.80%*)
-
3.83% (4.73%*)
-
(*)
-
4.21% (4.77%*)
-
(*)
-
(*)
-
4.66% p.a.
Fees
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
none
-
$299.00 yearly
-
$300.00
Other financial bits
-
$150,000
-
none
-
none
-
95.00%
Features
-
Weekly, Fortnightly, Monthly
-
yes - free
-
none
-
no
-
none
-
yes
-
no
-
none
-
0.10% bonus rate on term deposits, 10% discount off CGU general insurance premiums.
Details
Rates and fees information correct as at 23 September 2018.
Rates
-
p.a.
-
p.a.
-
0 Months
-
none
-
4.22% (5.53%*)
-
4.04% (5.40%*)
-
4.28% (5.35%*)
-
(*)
-
4.59% (5.32%*)
-
(*)
-
(*)
-
5.36% p.a.
Fees
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
none
-
$299.00 yearly
-
$300.00
Other financial bits
-
$150,000
-
none
-
none
-
95.00%
Features
-
Weekly, Fortnightly, Monthly
-
yes - free
-
none
-
no
-
none
-
yes
-
no
-
none
-
0.10% bonus rate on term deposits, 10% discount off CGU general insurance premiums.
Details
Rates and fees information correct as at 23 September 2018.
Rates
-
p.a.
-
p.a.
-
0 Months
-
none
-
4.52% (5.56%*)
-
4.29% (5.44%*)
-
4.58% (5.43%*)
-
(*)
-
4.89% (5.45%*)
-
(*)
-
(*)
-
5.36% p.a.
Fees
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
none
-
$299.00 yearly
-
$300.00
Other financial bits
-
$150,000
-
none
-
none
-
80.00%
Features
-
Weekly, Fortnightly, Monthly
-
yes - free
-
none
-
no
-
none
-
yes
-
no
-
none
-
0.10% bonus rate on term deposits, 10% discount off CGU general insurance premiums.
Customer Reviews
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About Gateway Bank
Gateway Bank is a deposit taking institution that is open to all Australians, who in turn will receive the excellent service and value from Gateways' products. Gateway Bank has a comprehensive range of products in home loans, term deposits, personal loans, kids savings accounts, car loans, everyday banking accounts, savings accounts and debit cards.
