At a glance
- Variable
- 8.50%8.58% comparison
- Loan size
- $50,000 to $5,000,000
- Upfront fee
- $99
Rates
The one rate Gateway Bank publishes for this overdraft.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableReverse Mortgage Lump Sum (<=55% LVR) | Owner occupied, Interest only | - | - | 8.50% | 8.58% | - |
Rate changes
One change logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 14 Oct 2026 | Variable, Owner occupied, Interest only | 8.25% | 8.50% | 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
5 fees published, grouped by when they're charged.
When you take it out2
- Settlement Fee$995
- Split Fee$99
When particular things happen3
- Cheque Withdrawal Fee$10
- QuickDebit Dishonour Fee$15
- Switch Fee$150
Features
None published.
Eligibility and limits
- Minimum age 65
- Amount $50,000 to $5,000,000
- Maximum LVR 55%
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.