At a glance
- Variable
- 9.75%
- Loan size
- $20,000 to $1,000,000
- Upfront fee
- $200
How it compares
This overdraft in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
Lowest advertised rate open to anyone, including lines of credit secured against a home. One dot per institution, at its lowest personal overdraft or line of credit rate anyone can apply for; hover or tap a dot for its name.
| Rate | This overdraft | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Personal overdraft or line of creditLowest advertised rate open to anyone, including lines of credit secured against a home | 9.75% | 7.49%Police Credit Union Limited's Allegro Line of Credit | 9.25%of 15 institutions | 8th lowest of 15 |
Rates
The one rate Gateway Bank publishes for this overdraft.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableEquitismart Home Loan (<=80% LVR) | Owner occupied, Interest only | - | - | 9.75% | - | - |
Rate changes
One change logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 14 Oct 2026 | Variable, Owner occupied, Interest only | 9.50% | 9.75% | up 0.25 |
Each change is logged the night it appears in the rates Gateway Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
11 fees published, grouped by when they're charged.
- When you take it outUp to $3255 fees, each listed below
- While you hold itNo fee published
- When you close it or pay it offUp to $3002 fees, each listed below
When you take it out5
- Annual Package Fee
Nil for Equitysmart Line of Credit
No fee - Establishment Fee
Payable at settlement of new loan, and may be payable at substitution of security or when adding a new security
$200 - Legal Fee
Payable at settlement to cover solicitor's documentation costs
$275 - Mortgage Registration Fee
Government charges at cost
No fee - 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)
$325
When particular things happen4
- Additional Valuation Fee
Payable at cost if we or you decide to obtain an additional valuation report (which we may do at any time)
No fee - Security Variation
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 - Top-Up Fee
Payable at settlement when increasing loan borrowings
$200
When you close it or pay it off2
- Discharge Fee - First Security
Discharge Fee - First Security
$300 - Discharge Fee - Per Additional Security
Discharge Fee - Per Additional Security
$95
Features
Eligibility and limits
- Minimum age 18
- Amount $20,000 to $1,000,000
- Maximum LVR 80%
Compare it with others
Put this product through a calculator
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.