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 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 90%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 80% | $500,000 | |
| | Owner Occupier | Principal & Interest | < 80% | $150,000 | |
| | Owner Occupier | Principal & Interest | 80%-85% | $150,000 | |
| | Owner Occupier | Principal & Interest | 85%-95% | $150,000 | |
| | Investor | Principal & Interest | < 80% | $500,000 | |
| | Investor | Principal & Interest | < 80% | $150,000 | |
| | Investor | Interest Only | < 80% | $150,000 | |
| | Investor | Interest Only | < 80% | $500,000 | |
| | Investor | Principal & Interest | 80%-90% | $150,000 |
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $500,000
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $150,000
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%-90%
Loan: $150,000
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.
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 2.59% (2.93% comparison rate*) while investors can expect a variable rate from 2.99% (3.32% 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.
And in case you’re still not convinced, if you sign up for the Variable Rate Home Loan (Premium Package) you’ll also be able to earn an extra 0.10% on a Gateway Bank term deposit, not to mention discounts on a number of CGU insurance policies.
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).
If you do decide to make use of Greater Bank’s free redraw facility, just bear in mind that there’s a minimum redraw amount of $500.00.
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
$0.00
$0.00
$0.00
$0.00
n/a
$299.00 yearly
$300.00
$500,000
none
none
80.00%
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.
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.
2.64% p.a.
n/a
n/a
n/a
2.97% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$299.00 yearly
$300.00
$150,000
none
none
80.00%
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.
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.
2.75% p.a.
n/a
n/a
n/a
3.08% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$299.00 yearly
$300.00
$150,000
none
80.00%
85.00%
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.
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.
2.95% p.a.
n/a
n/a
n/a
3.28% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$299.00 yearly
$300.00
$150,000
none
85.00%
95.00%
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.
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.
2.99% p.a.
n/a
n/a
n/a
3.31% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$299.00 yearly
$300.00
$500,000
none
none
80.00%
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.
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.
3.15% p.a.
n/a
n/a
n/a
3.48% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$299.00 yearly
$300.00
$150,000
none
none
80.00%
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.
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.
3.42% p.a.
n/a
n/a
n/a
3.74% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$299.00 yearly
$300.00
$150,000
none
none
80.00%
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.
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.
3.29% p.a.
n/a
n/a
n/a
3.61% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$299.00 yearly
$300.00
$500,000
none
none
80.00%
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.
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.
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
$0.00
$0.00
$0.00
$0.00
n/a
$299.00 yearly
$300.00
$150,000
none
80.00%
90.00%
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.
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.
The only reason I scored them low on product features and convenience is because they don't (yet) support NPP/OSKO transfers, or Apple/Android Pay. Their rates are great though, and so is their service over the phone (they don't have branches - only a head office in Sydney). They did a great job in picking up some fraudulent usage of my Visa debit card and are always very friend and helpful.
Read full reviewThe only reason I scored them low on product features and convenience is because they don't (yet) support NPP/OSKO transfers, or Apple/Android Pay. Their rates are great though, and so is their service over the phone (they don't have branches - only a head office in Sydney). They did a great job in picking up some fraudulent usage of my Visa debit card and are always very friend and helpful.
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.
Bank of Queensland
Economy
2.59% p.a. variable
2.76% p.a.
AMP Bank
Variable Rate Loan (Professional Package)
2.59% p.a. variable
3.00% p.a.
Bank of Queensland
Economy
2.59% p.a. variable
2.76% p.a.
AMP Bank
Variable Rate Loan (Professional Package)
2.59% p.a. variable
3.00% p.a.
Bank of Queensland
Economy
2.59% p.a.
2.76% p.a.
Homestar
Star Classic Fixed Home Loan
2.06% p.a.
fixed 3 years
2.38% p.a.
Bank of Queensland
Fixed Rate
2.25% p.a.
fixed 3 years
3.41% p.a.
AMP Bank
Fixed Rate Loan (Professional Package)
2.49% p.a.
fixed 3 years
3.07% p.a.
Homestar
Star Essentials Home Loan
2.29% p.a.
2.32% p.a.
$0.00
Yard
Variable Home Loan Special
2.19% p.a.
2.22% p.a.
$0.00
loans.com.au
Smart Booster Discount Variable Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
$0.00
Illawarra Credit Union
The Works Home Loan
1.99% p.a.variable for 24 months and then 2.50% p.a.
2.93% p.a.
$395.00 yearly
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.
