Gateway Bank
Low Rate Essentials Int Only
Low Rate Essentials Int Only
Home loansBank updated 1 July 2026
At a glance
- Max LVR
- 95%
- Features
- redraw, extra repayments
§ 01 — Rates · 6
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableLow Rate Essentials I/O - > 50% - <= 60% LVR | Owner occupied · Interest only | — | — | 6.89% | 6.91% | — |
| VariableLow Rate Essentials IO - <= 50% LVR | Owner occupied · Interest only | — | — | 6.89% | 6.91% | — |
| VariableLow Rate Essentials I/O - > 60% - <= 70% LVR | Owner occupied · Interest only | — | — | 6.94% | 6.96% | — |
| VariableLow Rate Essentials I/O - > 70% - <= 80% LVR | Owner occupied · Interest only | — | — | 7.29% | 7.31% | — |
| VariableLow Rate Essentials I/O - > 80% - <= 85% LVR | Owner occupied · Interest only | — | — | 9.01% | 9.04% | — |
| VariableLow Rate Essentials I/O - >85% - <= 95% LVR | Owner occupied · Interest only | — | — | 9.41% | 9.44% | — |
§ 02 — Fees · 13
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Additional Valuation Fee | Event | No fee | — | Payable if we or you decide to obtain an additional valuation report (which we may do at any time). At Cost |
| Security Variation Fee | Event | $200 | — | Payable if Gateway agrees to vary the security on an existing loan |
| Switch Fee | Event | $150 | — | 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 (… |
| Discharge Fee - First Security | Exit | $300 | — | Discharge Fee - First Security |
| Discharge Fee - Per Additional Security | Exit | $95 | — | Discharge Fee - Per Additional Security |
| Exit Fee | Exit | No fee | — | Nil |
| Top-Up Fee | Transaction | $200 | — | Top up fee |
| Annual Package Fee | Upfront | No fee | — | Payable at settlement and then again on each anniversary. Nil for Low Rate Essentials |
| Establishment Fee | Upfront | No fee | — | Payable at settlement of new loan, and may be payable at substitution of security or when adding a new security |
| Legal Fee | Upfront | $275 | — | Legal Fee |
| Mortgage Resgistration Fee | Upfront | No fee | — | Government charges at cost |
| Split Fee | Upfront | $99 | — | Two loan accounts (i.e. Variable & Fixed) free. Fee for subsequent splits |
| Valuation Fee | Upfront | No 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) |
§ 03 — Features
RedrawExtra repaymentsDigital banking
- · Options to split variable options and fixed rate. Interest rate lock for up to 90 days on fixed rate loans.
§ 04 — Eligibility & limits
- · Minimum age 18
- · Amount $50,000 to $2,000,000
- · Maximum LVR 95%
§ 06 — Run the numbers
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Published by Gateway Bank under the Consumer Data Right, last changed by them on 1 July 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.