Gateway BankLow Rate Essentials Int Only
Low Rate Essentials Int Only
At a glance
- Max LVR
- 95%
- Features
- redraw, extra repayments
Rates
Every rate Gateway Bank publishes for this home loan, 6 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableLow Rate Essentials I/O - > 50% - <= 60% LVR | Owner occupied, Interest only | - | - | 7.14% | 7.16% | - |
| VariableLow Rate Essentials IO - <= 50% LVR | Owner occupied, Interest only | - | - | 7.14% | 7.16% | - |
| VariableLow Rate Essentials I/O - > 60% - <= 70% LVR | Owner occupied, Interest only | - | - | 7.19% | 7.21% | - |
| VariableLow Rate Essentials I/O - > 70% - <= 80% LVR | Owner occupied, Interest only | - | - | 7.54% | 7.56% | - |
| VariableLow Rate Essentials I/O - > 80% - <= 85% LVR | Owner occupied, Interest only | - | - | 9.26% | 9.29% | - |
| VariableLow Rate Essentials I/O - >85% - <= 95% LVR | Owner occupied, Interest only | - | - | 9.66% | 9.69% | - |
Fees
13 fees published, grouped by when they're charged.
- When you take it outUp to $2756 fees, each listed below
- While you hold itNo fee published
- When you close it or pay it offUp to $3003 fees, each listed below
When you take it out6
- Annual Package Fee
Payable at settlement and then again on each anniversary. Nil for Low Rate Essentials
No fee - Establishment Fee
Payable at settlement of new loan, and may be payable at substitution of security or when adding a new security
No fee - Legal Fee
Legal Fee
$275 - Mortgage Resgistration Fee
Government charges at cost
No fee - Split Fee
Two loan accounts (i.e. Variable & Fixed) free. Fee for subsequent splits
$99 - Valuation Fee
Payable if valuation required per property Applies to standard single residential dwellings to $1 million in Metro locations and $500,000 in Regional locations (maximum land area 2.2ha/5 acres)
No fee
When you make a transaction1
- Top-Up Fee
Top up fee
$200
When particular things happen3
- Additional Valuation Fee
Payable if we or you decide to obtain an additional valuation report (which we may do at any time). At Cost
No fee - Security Variation Fee
Payable if Gateway agrees to vary the security on an existing loan
$200 - Switch Fee
Payable if Gateway agrees to vary the Loan Agreement on existing Gateway loan as follows: Product switch (e.g. from variable rate to a fixed rate) Repayment switch (e.g. P&I to Interest Only) Split (…
$150
When you close it or pay it off3
- Discharge Fee - First Security
Discharge Fee - First Security
$300 - Discharge Fee - Per Additional Security
Discharge Fee - Per Additional Security
$95 - Exit Fee
Nil
No fee
Features
- Options to split variable options and fixed rate. Interest rate lock for up to 90 days on fixed rate loans.
Eligibility and limits
- Minimum age 18
- Amount $50,000 to $2,000,000
- Maximum LVR 95%
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Published by Gateway Bank under the Consumer Data Right, last changed by them on 13 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.