Our Low Rate Essentials Home Loan gives you a great variable rate home loan with flexibility and no annual fees.
It doesn’t matter if you’re a first home buyer, upgrading your family home or looking to downsize, the Gateway Low Rate Essentials Home Loan offers all owner occupier home buyers a low variable rate with flexible features and zero hidden fees. Borrow up to 95%^ of the property value for owner-occupier purchases or refinances, choose your repayment frequency of weekly, fortnightly or monthly payments with flexible loan terms of up to 30 years. There is even the option to split your home loan with a fixed rate to get the best of both worlds, all with no ongoing annual fees. Enjoy our Low Rate Essentials Home Loan to make the cost of home buying cheaper and more accessible for all home buyers.
- No annual fees
- Unlimited extra repayments and redraw facility available
- Option to split variable and fixed rates
- Interest rate lock for up to 90 days
What is a redraw facility?
Having a home loan with a redraw facility gives you the flexibility to make unlimited, fee free additional payments to your loan. This helps reduce the amount of interest you will pay and therefore can save you money over the life of your loan. So if you have a little money left over each month or receive a little windfall such as a bonus or gift, you’re able to use that money to reduce the interest paid on your loan. Down the track if you need some extra cash to help with an emergency you’re also able to access these additional payments, which can be easily withdrawn through your online banking saving you time and stress.
Want to apply for a Gateway Low Rate Essentials Home Loan online? In order to submit the application, you’ll need all of the following for all applicants:
- The details of the property you wish to purchase
- Your living expense figures
- Details of your assets, income and liabilities
- Statements for the last 3 months for your assets & liabilities
- Your last payslip or evidence of income statement