Inv Premium Pack 2yr Fixed
Inv Premium Pack 2yr Fixed
Category: Home Loans Last Updated July 9, 2024 Effective November 1, 2024
General Lending Rates
Rates listed below are for a FIXED INVESTMENT P&I product. Additional Information Inv Premium Package - 2 Yr Fixed P&I (<=90% LVR)
Interest Rate
6.79% PA
6.79% PA
Comparison Rate
6.72%PA*
6.72%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 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. Interest rate lock for up to 90 days on fixed rate loans
- Other Additional Information: Preferential term deposit rates. Earn an extra 0.10%p.a. on your Term Deposit accounts so your investments work harder for you
- Other Additional Information: Preferential insurance rates. Enjoy a 10% discount off CGU General Insurance premiums
- Unlimited Txns Additional Information: Unlimited extra repayments
Product Eligibility
- Min Age - 18.
Bank Fees and Charges
- Annual Package Fee (Upfront), Amount: 299.00. Additional Information: Payable at settlement and then again on each anniversary
- 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 Premium Package Loans
- Legal Fee (Upfront), Amount: 0.00. Additional Information: Nil for Premium Package 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: Nil for Premium Package Loans
- Split Loan Account Fee (Upfront), Amount: 0.00. 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
- Top Up Fee (Transaction), Amount: 0.00. Additional Information: Top up fee. Nil 1st top up, then $200 Payable at settlement when increasing loan borrowings
- Rate Lock Fee (Upfront), Amount: 0.00. Additional Information: Payable at application for Rate Lock in the prevailing fixed rate, valid for 90 days from request date. 0.15% of locked loan amount
- Switch Fee (Event), Amount: 0.00. Additional Information: Nil for 1st switch then $125. 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: 0.00. Additional Information: Security Variation Fee. Nil 1st var then $200. Payable if Gateway agrees to vary the security on an existing loan
- Early Repayment Adjustment (era)(break Costs) (Exit), Amount: 0.00. Additional Information: Early Repayment Adjustment (ERA) (break costs). Payable if Gateway suffers a loss when loan is repaid in full during a fixed interest rate period. Unascertainable (ERA formula available upon request)
Limitations & Restrictions (Constraints)
- Max Limit of 2000000.00
- Min Limit of 150000.00
