Inv Low Rate Essentials I/O
Inv Low Rate Essentials I/O
Category: Home Loans Last Updated September 4, 2024 Effective November 1, 2024
General Lending Rates
Rates listed below are for a VARIABLE INVESTMENT Interest Only product. Additional Information Inv Low Rate Essentials I/O - <= 80% LVR
Interest Rate
6.31% PA
6.31% PA
Comparison Rate
6.33%PA*
6.33%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
INVESTMENT, VARIABLE, 6.31%
- Lending Rate Type: Variable
- Interest Rate: 6.31%, Comparison Rate 6.33%
- Repayment Type: Interest Only
- Loan Purpose: Investment
INVESTMENT, VARIABLE, 6.46%
- Lending Rate Type: Variable
- Interest Rate: 6.46%, Comparison Rate 6.48%
- Repayment Type: Interest Only
- Loan Purpose: Investment
INVESTMENT, VARIABLE, 7.25%
- Lending Rate Type: Variable
- Interest Rate: 7.25%, Comparison Rate 7.27%
- Repayment Type: Interest Only
- Loan Purpose: Investment
Product Features
- Digital Banking Additional Information: Access is available to online banking features for the product
- Other Additional Information: Options to split variable options and fixed rate
- Redraw Additional Information: Home loan redraw facilities allow borrowers to withdraw the additional funds they put into their variable rate home loan
- Unlimited Txns Additional Information: Unlimited extra repayments
Product Eligibility
- Min Age - 18.
Bank Fees and Charges
- Legal Fee (Upfront), Amount: 275.00. Additional Information: Payable at settlement to cover solicitor's documentation costs
- Top-up Fee (Event), Amount: 200.00. Additional Information: Payable at settlement when increasing loan borrowings
- Switch Fee (Event), Amount: 125.00. Additional Information: 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 (e.g. into part variable rate and part fixed rate)
- Security Variation Fee (Event), Amount: 200.00. Additional Information: Payable if Gateway agrees to vary the security on an existing loan
- Discharge Fee - First Security (Exit), Amount: 300.00. Additional Information: Discharge Fee - First Security
- Discharge Fee - Per Additional Security (Exit), Amount: 95.00. Additional Information: Discharge Fee - Per Additional Security
- Establishment Fee (Upfront), Amount: 0.00. Additional Information: Nil for Low Rate Essentials Loans
- Valuation Fee (Upfront), Amount: 0.00. Additional Information: Nil 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 land area 2.2ha/5 acres)
- Additional Valuation Fee (Event), Amount: 0.00. Additional Information: Payable at cost if we or you decide to obtain an additional valuation report (which we may do at any time)
- Annual Package Fee (Upfront), Amount: 0.00. Additional Information: Nil for Low Rate Essentials Loans
- Split Loan Account Fee (Upfront), Amount: 99.00. Additional Information: Two loan accounts (i.e. Variable & Fixed) free. Fee for subsequent splits
- Mortgage Registration Fee (Upfront), Amount: 0.00. Additional Information: Government charges at cost
- Exit Fee (Exit), Amount: 0.00. Additional Information: Nil for Low Rate Essentials
Limitations & Restrictions (Constraints)
- Max Limit of 2000000.00
- Min Limit of 50000.00
