Gateway Bank home loans

On a journey to finding the right home loan? You may want to compare loans from Gateway Bank

Gateway Bank, founded in 1955, aims to be the financial institution of choice of its members by offering personalised service, low cost loans and competitive savings. The credit union offers a range of home loans for many different borrowers.

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Gateway Bank was formerly known as Gateway Credit Union. The lender has now rebranded as Gateway Bank.

Compare Gateway Bank home loans

Rates last updated July 19th, 2019
Loan purpose
Offset account
Loan type
Repayment type
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Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
$0 p.a.
A competitive rate for home buyers with a 20% deposit. Enjoy repayment flexibility and very low fees.
$0 p.a.
Competitive variable rate loan for owner occupiers and investors.
$299 p.a.
A competitive package rate for loans above $150,000. Optional 100% offset account.
$0 p.a.
Competitive variable rate loan for owner occupiers and investors.
$299 p.a.
$299 p.a.
$299 p.a.
Great home loan product with great features and flexibility available that suits your needs.
$299 p.a.
A package home loan with a 100% offset account and high maximum LVR.
$299 p.a.
$0 p.a.
Competitive variable rate loan for owner occupiers and investors.
Gateway Bank Investment Fixed - 1 Year (P&I)
$0 p.a.
$299 p.a.
$299 p.a.
$299 p.a.

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Who is Gateway Bank?

Gateway Bank aims to provide an ideal alternative to the big banks in the home loan market, offering a range of home loans to suit a variety of needs. Boasting a membership of more than 40,000, Gateway structures home loans a little differently to provide a personalised service.

From fixed and variable rate loans to equity and construction loans, Gateway’s suite of products has plenty to offer borrowers.

Home loans offered by Bank

Low rate essentials home loan

The Gateway Low Rate Essentials Home Loan provides you with a low variable rate for the life of your loan, letting you maximise your savings. It comes with a loan redraw facility to enable you to access extra funds, while the option split the loan and combine it with a Fixed Rate Loan is also available.

Other features include flexible repayment options, along with no restrictions so you can pay your loan off faster and save on interest costs.

Variable rate home loan

The Variable Rate Home Loan has the flexibility to suit a range of requirements. These include upgrading your existing home, purchasing your first home, or buying an investment. It comes with a competitive variable rate, the ability to split the variable rate and combine with a Fixed Rate Loan, and the ability to make additional repayments to pay off your loan faster. You also have the option of a redraw facility and offset account.

Fixed rate home loan

The Fixed Rate Home Loan gives you certainty about your future payments so you can accurately plan your budget without fluctuations. Once the fixed rate period has expired, the loan reverts to the prevailing standard variable rate.

Other features of this loan include a Visa debit card and the option to make weekly, fortnightly or monthly repayments.

Low rate plus package

This type of loan offers you a competitive interest rate on your loan. You'll also receive a higher term deposit rate, and discounts on any CGU General Insurance premiums.

The Low Rate Plus Package lets you choose between competitive variable or fixed rates. You can also split the loan to take advantage of both. You can also benefit from an offset account or a redraw facility to make additional repayments any time you want.

Premium package

If you have more equity in your security property, Gateway’s Premium Package is designed with you in mind. The package offers an interest rate discount on your loan, as well as bonus interest rates for Gateway Bank term deposits. You'll also receive a discount on your CGU insurance premiums. An annual fee does apply, but you can choose between a fixed or variable loan, or even a combination of the two.

Other features include the flexibility of making additional repayments and a choice of repayment options.

Construction loan

Are you intending to build your dream home or are you planning a major refurbishment to your apartment? The Gateway Construction Loan offers progressive drawdowns, interest-only terms, a loan offset account and the ability to make extra repayments.

Land loan

Do you want to buy vacant land or refinance an existing land loan but don’t want to start the construction process within the next 12 months? The Gateway Land Loan is designed with this purpose in mind and lets you choose between a fixed rate, a variable rate, or splitting your loan for a combination of the two. The Land Loan also comes with a redraw facility and the option to make additional repayments.

EquitiSmart home loan

The EquitiSmart Home Loan is designed with the features and flexibility to match your changing needs. It can be used for any helpful purpose and lets you unlock the equity in your home by to do things like initiate a share portfolio, purchase an investment property or go for a holiday. The EquitiSmart Home Loan features a Visa debit card and lets you make automatic payments to and from your account.

About how to compare home loans

Pros and cons of Gateway Bank home loans


  • Extensive range. Gateway Bank has a wide range of home loan products for borrowers with an equally diverse range of needs.
  • Competitive rates. Gateway offers competitive interest rates as well as a range of attractive terms for servicing your home loan.
  • Convenient repayment schedule. Gateway offers a diverse variety of home loan repayment options to meet your financial needs, letting you choose a payment schedule that meets your budget.


  • Fees and charges. Fees and charges do apply to some of Gateway Bank’s loan packages and features.

How to apply for a Gateway Bank home loan

If you would like to apply for a Gateway Bank home loan, please speak to a mortgage broker.

Documents needed to apply for a Gateway Bank home loan

Personal information

When applying for a Gateway home loan you will be required to provide some personal information, including:

  • Your name
  • Your address
  • Date of birth
  • Living arrangements
  • Contact details—phone numbers and email address

Property information

Gateway Bank will want you to provide documentation regarding the property you are purchasing, including copies of the:

  • Contract of sale
  • Certificate of title
  • Transfer of land

Financial information

When applying for a Gateway home loan, you will be required to provide some financial information about yourself, including details of your:

  • Assets. If you have any assets, such as properties, vehicles or investments, you should list them all. Your borrowing power will be higher if you have more assets.
  • Liabilities. If you have any liabilities, such as loans and credit card debt, you need to provide this information.
  • Income. Provide details of any income such as employment, rent or Government assistance.

Before deciding whether one of Gateway Bank’s home loans is right for you, compare its products with other loans on the market and speak to an expert to get tailored advice.

With a mortgage broker today

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