Thumbnail icon for Gateway Bank

Gateway Bank Variable Rate Home Loan (Premium Package)

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

  • 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

Rate
2.79% p.a.
Comparison Rate*
3.12% p.a.
Service fee
$299.00 yearly
Upfront fee
$0
Rate
3.05% p.a.
Comparison Rate*
3.37% p.a.
Service fee
$299.00 yearly
Upfront fee
$0
Rate
3.10% 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
3.09% p.a.
Comparison Rate*
3.41% p.a.
Service fee
$299.00 yearly
Upfront fee
$0
Rate
3.33% p.a.
Comparison Rate*
3.65% p.a.
Service fee
$299.00 yearly
Upfront fee
$0
Rate
3.42% p.a.
Comparison Rate*
3.74% p.a.
Service fee
$299.00 yearly
Upfront fee
$0
Rate
3.29% p.a.
Comparison Rate*
3.61% p.a.
Service fee
$299.00 yearly
Upfront fee
$0
Rate
3.74% p.a.
Comparison Rate*
4.05% p.a.
Service fee
$299.00 yearly
Upfront fee
$0

Mozo editorial review Gateway Bank Variable Rate Home Loan (Premium Package)

Last updated: 10 June 2020.

binocular icon
What's hot
  • Variable rates from 3.05% (3.37% 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 2.79% (3.12% comparison rate*) while investors can expect a variable rate from 3.09% (3.41% 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.

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).

snapshot
Any catches

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.

Details

Rates and fees information correct as at 12 July 2020. 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
  • 2.79% p.a.

  • n/a

  • n/a

  • n/a

  • 3.12% 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.

  • 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.

Details

Rates and fees information correct as at 12 July 2020. 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
  • 3.05% p.a.

  • n/a

  • n/a

  • n/a

  • 3.37% 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.

  • 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.

Details

Rates and fees information correct as at 12 July 2020. 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
  • 3.10% 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
  • $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.

  • 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.

Details

Rates and fees information correct as at 12 July 2020. 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

  • 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.

  • 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.

Details

Rates and fees information correct as at 12 July 2020. 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

  • 3.41% 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.

  • 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.

Details

Rates and fees information correct as at 12 July 2020. 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
  • 3.33% p.a.

  • n/a

  • n/a

  • n/a

  • 3.65% 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.

  • 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.

Details

Rates and fees information correct as at 12 July 2020. 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
  • 3.42% 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

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.

  • 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.

Details

Rates and fees information correct as at 12 July 2020. 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
  • 3.29% 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

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.

  • 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.

Details

Rates and fees information correct as at 12 July 2020. 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
  • 3.74% p.a.

  • n/a

  • n/a

  • n/a

  • 4.05% 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%

  • 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.

  • 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.

Customer Reviews

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

Overall customer rating
8.8/10
Price
9.0/10
Features
8.1/10
Customer service
8.8/10
Convenience
7.4/10
Trust
9.1/10

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

  • Overall 7/10
    Competitive rates, simple, no-frills.

    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 review

    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.

    Price
    10/10
    Features
    1/10
    Customer service
    9/10
    Convenience
    5/10
    Trust
    9/10
    Less
    Alex, Queensland reviewed 5 months ago
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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*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.