Inv Low Rate Essentials

Inv Low Rate Essentials
Category: Home Loans  Last Updated September 4, 2024  Effective December 18, 2024

 General Lending Rates

Rates listed below are for a VARIABLE INVESTMENT P&I product. Additional Information Inv Low Rate Essentials - <= 80% LVR
Interest Rate
6.26% PA
Comparison Rate
6.28%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, 6.26%
  • Lending Rate Type: Variable
  • Interest Rate: 6.26%, Comparison Rate 6.28%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  INVESTMENT, VARIABLE, 6.38%
  • Lending Rate Type: Variable
  • Interest Rate: 6.38%, Comparison Rate 6.40%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  INVESTMENT, VARIABLE, 8.10%
  • Lending Rate Type: Variable
  • Interest Rate: 8.10%, Comparison Rate 8.12%
  • Repayment Type: Principal And Interest
  • 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. Interest rate lock for up to 90 days on fixed rate loans
  • 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 (Exit), 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
  • 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)
  • 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: Nil, up to 2 loan accounts. Fees apply thereafter
  • 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 Loans
  • 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)

 Limitations & Restrictions (Constraints)

  • Max Limit of 2000000.00
  • Min Limit of 50000.00