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Gateway Bank Low Rate Essentials Variable Rate Home Loan

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This variable mortgage offers competitive interest rates for investors and homebuyers
and keeps fees low.

Gateway Bank's Low Rate Essentials Variable Home Loan offers discounted rates and has low fees. It allows for flexible repayments, extra repayments, split and redraw facilities.

Interest Rate Max Insured LVR Max LVR
LVR >80% to 85% (Investor, IO)
5.03% p.a.
Comparison Rate
5.05% p.a.
85% 80.01%
LVR >85% (Investor, IO)
5.43% p.a.
Comparison Rate
5.45% p.a.
95% 85%
LVR 80% to 85% (Investor P&I)
3.4% p.a.
Comparison Rate
3.42% p.a.
85% 80%
LVR 85% to 90% (Investor P&I)
3.6% p.a.
Comparison Rate
3.62% p.a.
85% 80%
LVR up to 80% (Investor P&I)
3.01% p.a.
Comparison Rate
3.04% p.a.
80% 80%
LVR up to 80% (Investor, IO)
3.38% p.a.
Comparison Rate
3.40% p.a.
80% 80%
Special offer LVR 80% to 85% (Owner Occupier P&I)
2.69% p.a.
Comparison Rate
2.72% p.a.
85% 80%
Special offer LVR 85% to 95% (Owner Occupier P&I)
3.15% p.a.
Comparison Rate
3.18% p.a.
95% 85%
Special Offer LVR up to 80% (Investor, IO)
3.24% p.a.
Comparison Rate
3.27% p.a.
80% 80%
Special offer LVR up to 80% (Owner Occupier P&I)
2.6% p.a.
Comparison Rate
2.63% p.a.
80% 80%
Special offer LVR up to 80% and over $500k (Investor, P&I)
2.96% p.a.
Comparison Rate
2.99% p.a.
80% 80%
Special offer LVR up to 80% and over $500k (Owner Occupier, P&I)
2.56% p.a.
Comparison Rate
2.59% p.a.
80% 80%
Product NameGateway Bank Low Rate Essentials Variable Rate Home Loan
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$50,000
Maximum Loan Amount$2,000,000
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountNo
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$0
Lender's Legal Fee$275
Valuation Fee$0
Ongoing Fees$0 p.a.
Discharge Fee$300


  • Competitive rates
  • Low fees


  • Lowest rates require a 20% deposit

What do I need to know about this loan?

This loan has a principal-and-interest variable rate and a maximum insured LVR of 95%. For some of the more competitive rates you will need a 20% deposit.

What are the features and benefits of the Gateway Bank Low Rate Essentials Variable Rate Home Loan?

  • Low rates. The loan comes with some competitive interest rates for owner-occupiers and investors.
  • Loan amount. You can borrow up to $2,000,000 with this loan.
  • Purpose. This product is available for both owner-occupiers and investors.
  • Repayment types. This loan has both principal and interest and interest only rates for investors and owner-occupiers.
  • Repayment flexibility. You can repay this loan monthly, weekly or fortnightly. You can make extra repayments too.
  • Redraw. This loan has a redraw facility with a minimum redraw amount of $500 and a maximum amount of $5,000.

What fees and charges come with this loan?

The Gateway Bank Low Rate Essentials Variable Rate Home Loan comes with very few fees aside from discharge and legal fees.

  • Legal fee: $275. This fee covers the legal costs of finalising your mortgage.
  • Discharge fee: $300. You pay a discharge fee when you end the home loan, either by repaying it or refinancing to another lender.
  • Switching fee: $99. This fee will only apply if you switch from one Gateway Bank mortgage to another.

How do I apply for this loan?

To apply for this product or to get more information, click the green "Go to site" button and leave your details on Gateway Bank's website. Then a Gateway Bank lending specialist will get in touch and talk you through eligibility requirements and help you with your application.

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Gateway Bank Low Rate Essentials Variable Rate Home Loan

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $0 / $0

  • Max LVR


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