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Gateway Bank Variable Rate Home Loan (Premium Package)

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $500,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 85%

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 $500,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan of at least $150,000 with an LVR below 80%

The details shown below are for an investor taking out a interest only loan of at least $150,000 with an LVR below 80%

The details shown below are for an investor taking out a interest only loan of at least $500,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan of at least $150,000 with an LVR below 85%

The details shown below are for an investor taking out a principal & interest loan of at least $150,000 with an LVR below 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $150,000

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $500,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-85%

    Loan: $150,000

  • Owner Occupier (Principal & Interest)

    LVR 85%-95%

    Loan: $150,000

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $500,000

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $150,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $150,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $500,000

  • Investor (Principal & Interest)

    LVR 80%-85%

    Loan: $150,000

  • Investor (Principal & Interest)

    LVR 85%-90%

    Loan: $150,000

Rate
2.59% p.a.
Comparison Rate
2.92% p.a.
Service fee
$299.00 yearly
Upfront fee
$0
Rate
2.34% p.a.
Comparison Rate
2.68% p.a.
Service fee
$299.00 yearly
Upfront fee
$0
Rate
2.70% p.a.
Comparison Rate
3.03% p.a.
Service fee
$299.00 yearly
Upfront fee
$0
Rate
2.90% p.a.
Comparison Rate
3.23% p.a.
Service fee
$299.00 yearly
Upfront fee
$0
Rate
2.49% p.a.
Comparison Rate
2.83% p.a.
Service fee
$299.00 yearly
Upfront fee
$0
Rate
2.68% p.a.
Comparison Rate
3.02% p.a.
Service fee
$299.00 yearly
Upfront fee
$0
Rate
3.22% p.a.
Comparison Rate
3.54% p.a.
Service fee
$299.00 yearly
Upfront fee
$0
Rate
3.09% p.a.
Comparison Rate
3.42% p.a.
Service fee
$299.00 yearly
Upfront fee
$0
Rate
3.25% p.a.
Comparison Rate
3.57% p.a.
Service fee
$299.00 yearly
Upfront fee
$0
Rate
3.35% p.a.
Comparison Rate
3.67% p.a.
Service fee
$299.00 yearly
Upfront fee
$0

Mozo editorial review Gateway Bank Variable Rate Home Loan (Premium Package) - last updated: 21 July 2021

binocular icon
What's hot
  • Variable rates from 2.34% (2.68% comparison rate*)
  • $0 application fee
  • Offset account and extra repayments available
What's not
  • $299 annual fee
Mozo snapshot

With competitive interest rates for both owner occupiers and investors, the Variable Rate Home Loan (Premium Package) from Gateway Bank provides everything you’ll need in a top-notch mortgage package including an offset account, redraw facility and the potential to make extra repayments.

key icon
Key features

Whether you’re a prospective owner occupier in the market for your first home, or an investor looking for your third, the Gateway Bank Variable Rate Home Loan (Premium Package) offers a combination of competitive rates and handy features to help you save.

Depending on your loan size and LVR, rates for owner occupiers start from a low 2.34% (2.68% comparison rate*) while investors can expect a variable rate from 2.49% (2.83% comparison rate*).

As you would expect from a premium package, Gateway Bank provides borrowers with a suite of handy features which they can use to reduce their interest over the life of the loan including an offset account and the ability to make additional repayments at no added cost. Customers will also be able to dip in to those extra repayments for free using the redraw facility.

While borrowers won’t pay a cent in application, legal or settlement fees, Gateway Bank does charge a $299 annual service fee as well as a $300 discharge fee when you finish paying off your loan.

snapshot
Who is it good for

Owner occupiers and investors who are looking for a home loan with a competitive rate that provides all the features they’ll need could take advantage of the Gateway Bank Variable Rate Home Loan (Premium Package).

question icon
Any catches

If you do decide to make use of Gateway Bank’s free redraw facility, just bear in mind that there’s a minimum redraw amount of $500.00.

Details

Rates and fees information correct as at 2 August 2021. 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

2.59% p.a.

n/a

n/a

n/a

2.92% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$299.00 yearly

$300.00
Other financial bits

$150,000

none

none

80.00%
Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$500.00

yes

yes

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.

none

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.

Details

Rates and fees information correct as at 2 August 2021. 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

2.34% p.a.

n/a

n/a

n/a

2.68% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$299.00 yearly

$300.00
Other financial bits

$500,000

none

none

80.00%
Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$500.00

yes

yes

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.

none

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.

Details

Rates and fees information correct as at 2 August 2021. 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

2.70% p.a.

n/a

n/a

n/a

3.03% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$299.00 yearly

$300.00
Other financial bits

$150,000

none

80.00%

85.00%
Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$500.00

yes

yes

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.

none

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.

Details

Rates and fees information correct as at 2 August 2021. 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

2.90% p.a.

n/a

n/a

n/a

3.23% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$299.00 yearly

$300.00
Other financial bits

$150,000

none

85.00%

95.00%
Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$500.00

yes

yes

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.

none

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.

Details

Rates and fees information correct as at 2 August 2021. 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

2.49% p.a.

n/a

n/a

n/a

2.83% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$299.00 yearly

$300.00
Other financial bits

$500,000

none

none

80.00%
Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$500.00

yes

yes

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.

none

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.

Details

Rates and fees information correct as at 2 August 2021. 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

2.68% p.a.

n/a

n/a

n/a

3.02% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$299.00 yearly

$300.00
Other financial bits

$150,000

none

none

80.00%
Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$500.00

yes

yes

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.

none

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.

Details

Rates and fees information correct as at 2 August 2021. 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

3.22% p.a.

n/a

n/a

n/a

3.54% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$299.00 yearly

$300.00
Other financial bits

$150,000

none

none

80.00%
Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$500.00

yes

yes

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.

none

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.

Details

Rates and fees information correct as at 2 August 2021. 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

3.09% p.a.

n/a

n/a

n/a

3.42% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$299.00 yearly

$300.00
Other financial bits

$500,000

none

none

80.00%
Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$500.00

yes

yes

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.

none

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.

Details

Rates and fees information correct as at 2 August 2021. 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

3.25% p.a.

n/a

n/a

n/a

3.57% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$299.00 yearly

$300.00
Other financial bits

$150,000

none

80.00%

85.00%
Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$500.00

yes

yes

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.

none

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.

Details

Rates and fees information correct as at 2 August 2021. 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

3.35% p.a.

n/a

n/a

n/a

3.67% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$299.00 yearly

$300.00
Other financial bits

$150,000

none

85.00%

90.00%
Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$500.00

yes

yes

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.

none

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.

Customer Reviews

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

Overall
8.5/10
Price
8.7/10
Features
7.8/10
Customer service
8.5/10
Convenience
7.1/10
Trust
8.8/10
Based on 24 Gateway Bank home loan reviews

Latest review of Gateway Bank Variable Rate Home Loan (Premium Package)

About Gateway Bank

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.

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