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Low Rate Essentials Investment Loan (Principal and Interest) (LVR 85%-95%)

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Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros and Cons

Pros:
  • No ongoing fees
  • Suitable for low deposits
  • Extra repayments + redraw services
  • Free redraw facility
Cons:
  • Discharge fee at end of loan
  • Repayments may increase if RBA raises rates
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Fees and Features

Maximum LVR
Maximum LVR
95%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$50k - $2m
Total repayments
Total repayments
$446,400
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForInvestors
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$275.00
Application fee
Application fee
$0
Settlement fee
Settlement fee
$0
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$275
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee
$300
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount
Maximum LVR
Maximum LVR
95%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$50k - $2m
Total repayments
Total repayments
$446,400
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForInvestors
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$275.00
Application fee
Application fee
$0
Settlement fee
Settlement fee
$0
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$275
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee
$300
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount

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.

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