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 this loan that suits you best

  • 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

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

Mozo Review   Gateway Bank Fixed Rate Home Loan (Premium Package) Review

Last updated: 25 February 2019.

What's hot:
  • Fixed rates from 3.77% (4.79% comparison rate)*

  • 2018 Mozo Experts Choice winner

  • 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% (4.79% comparison rate)*. 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 19 March 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
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

  • 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.

*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.

Details

Rates and fees information correct as at 19 March 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
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

  • 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.

*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.

Details

Rates and fees information correct as at 19 March 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
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

  • 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.

*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.

Customer Reviews

How are Gateway Bank home loans rated by the Mozo community?

Overall customer rating
8.9/10
Price
9.0/10
Features
8.4/10
Customer service
8.8/10
Convenience
7.5/10
Trust
9.1/10
Gateway Bank

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.

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