The Finance Algorithm
Gateway Bank

Green Home Loan IO

Green Home Loan IO

Home loansBank updated 1 July 2026
At a glance
Max LVR
80%
Annual fee
$299
Features
offset, redraw, extra repayments
§ 01 — Rates · 1
TypeApplies toTermBandRateComparisonConditions
VariableGreen Home Loan - Variable - Interest Only (<=80% LVR)Owner occupied · Interest only6.55%6.83%
§ 02 — Fees · 17
FeeTypeAmountWhenNotes
Additional Valuation FeeEventNo feeNil for Green Home Loan Products
Construction Additional Progress Payment FeeEvent$150Payable from the 6th draw down (after the first 5 progress draw downs)
Construction Final Inspection FeeEvent$325Payable when inspection/valuation is undertaken at final draw down
Construction Progress Inspection FeeEvent$150Payable if an inspection is undertaken during the construction period
Security Variation FeeEventNo feeSecurity Variation Fee. Nil 1st var then $200. Payable if Gateway agrees to vary the security on an existing loan
Switch FeeEvent$150Nil for 1st switch then $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.…
Discharge Fee - First SecurityExit$300Discharge Fee - First Security
Discharge Fee - Per Additional SecurityExit$95Discharge Fee - Per Additional Security
Exit FeeExitNo feeNil (Early Repayment Adjustment on Fixed Rate)
Annual Home Loan FeePeriodic$299Every 1 yrPayable at settlement and then again on each anniversary
Top Up FeeTransactionNo feeTop up fee. Nil 1st top up, then $200 Payable at settlement when increasing loan borrowings
Establishment FeeUpfrontNo feeNil for Green Home Loan Products
Legal FeeUpfrontNo feeNil for Green Home Loan Products
Mortgage Registration FeeUpfrontNo feeGovernment charges at cost
Rate Lock FeeUpfrontNo feeNil for Green Home Loan Products
Split Loan Account FeeUpfrontNo feeTwo loan accounts (i.e. Variable & Fixed) free. Fee for subsequent splits
Valuation FeeUpfrontNo feeNil 1st Valuation then $325 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 la…
§ 03 — Features
Offset accountRedrawExtra 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
  • · Available to individuals
  • · Amount $250,000 to $2,000,000
  • · Maximum LVR 80%
  • · This loan is eligible for the purchase of existing homes, refinancing of an existing home, or construction of new builds.
  • · There are three options in order to be eligible for the discounted Gateway Green Home Loan. Please view Additional Info Uri for details on elgibility.

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.