Construction Investment Loan
- Last updated on 10 Jul 2020
based on $300,000 loan amount for 25 years
- No ongoing fees
- 100% full offset account
- Extra repayments + redraw services
- Free redraw facility
- Not available for first home buyer
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
Interest rate structure
$50k - $2m
Principal & interest
Loan term range
0 - 30 years
100% offset account
Unlimited extra repayments
Redraw fee: $0
Allows split interest
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Total estimated upfront fees
Other upfront fee
Minimum SMSF Amount
Compare and review home loans with similar features
In 1955 a group of staff from one of Australia’s largest banks had a vision of creating a co-operative Loans Society and so the Gateway Credit Union was formed. What started with a briefcase and a receipt book has grown to a membership in excess of 30,000. Gateway Bank now offers its members a broad range of award winning financial products and services all specially intended to help their members prosper. Gateway Bank’s mission is to provide its members with high value, low cost financial services and loans.
The bank has won a number of awards, including the Money magazine award in 2015 for the ‘Cheapest Home Loan Package – Non-Bank’.
Gateway Bank Home Loan Calculator
Interested in a Gateway Bank home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Gateway Bank compares to its competitors. Simply plug in your borrowing amount below.
A construction loan is loan taken out for the purpose of building or substantially renovating a residential property. Under this type of loan, the funds are released in stages when certain milestones in the construction process are reached. Once the building is complete, the loan will revert to a standard principal and interest mortgage.
Also known as a construction home loan, a building in course of erection (BICOE) loan loan allows you to draw down funds as a building project advances in order to pay the builders. This option is available on selected variable rate loans.