At a glance
- Variable
- 8.49% · 8.57% comparison
- Loan size
- $50,000 to $2,000,000
- Upfront fee
- $995
- Monthly fee
- $0
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableReverse Mortgage Home Loan (<=55% LVR) | Owner occupied · Interest only | — | — | 8.49% | 8.57% | — |
§ 02 — Fees · 10
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Additional Valuation Fee | Event | No fee | — | Payable at cost if we or you decide to obtain an additional valuation report (which we may do at any time) |
| Security Variation | Event | $200 | — | Payable if Gateway agrees to vary the security on an existing loan |
| Switch Fee | Event | $150 | — | Switch Fee |
| Top-Up Fee | Event | $200 | — | Payable at settlement when increasing loan borrowings |
| Discharge Fee - First Security | Exit | $300 | — | Discharge Fee - First Security |
| Discharge Fee - Per Additional Security | Exit | $95 | — | Discharge Fee - Per Additional Security |
| Monthly Account Fee | Periodic | No fee | Every 1 mo | No ongoing monthly fee. Nil for Reverse Mortgages. |
| Additional Repayment Fee | Transaction | No fee | — | Ongoing Repayments are optional, and you may repay the loan at any time. Nil for Reverse Mortgages. |
| Settlement Fee | Upfront | $995 | — | Settlement Fee includes application, legal and standard valuation fees (if property valued under $1m in metro locations and $500k in regional locations with a maximum land area of 2.2ha/5acres) Any a… |
| Valuation Fee | Upfront | No fee | — | This fee may be payable at cost if the mortgaged property is valued at over $1 million in metropolitan locations and over $500,000 in regional locations |
§ 03 — Features
Digital bankingUnlimited transactions
§ 04 — Eligibility & limits
- · Minimum age 18
- · Amount $50,000 to $2,000,000
- · Maximum LVR 55%
§ 06 — Run the numbers
Put this product through a calculator
Published by Gateway Bank under the Consumer Data Right, last changed by them on 27 Aug 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.