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  4. Green Plus Home Loan (Principal and Interest) (LVR < 80%)

Green Plus Home Loan

  • Owner Occupied
  • Variable
  • 20% min deposit
  • P&I

Interest rate p.a.

5.95%

Comparison rate* p.a.

6.23%

Green Plus Home Loan

  • Owner Occupied
  • Variable
  • 20% min deposit
  • P&I

Interest rate p.a.

5.95%

Comparison rate* p.a.

6.23%

Calculate your repayments for this loan

$

Your estimated repayment

$2,982

based on 500000 loan amount for 25 years at 5.95%

Monthly Repayment

$2,982

Total interest

$573,411

Total payments

$1,073,411

Start date

05-2024

End date

05-2049

$1,073,411
025 years
Principal owed
Total repayments owed
Interest owed

Pros and Cons

For Green Plus Home Loan

Benefits

  • Interest rates ranked in the best 20%
  • No upfront fees
  • 100% full offset account
  • Extra repayments and redraw facility
  • Free redraw facility
  • Green home loan
  • Split account option

Drawbacks

  • Not available for first home buyers
  • Ongoing fee
  • Discharge fee at end of loan
  • No repayment holidays

Gateway Bank Variable Rate Home Loan overview

For Green Plus Home Loan (Principal and Interest) (LVR < 80%)

Details

Maximum LVR

80%

Total repayments
Interest rate type

Variable

Borrowing range

$250k - $2m

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Repayment type

Principal and Interest

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Repayment options

Fortnightly, Monthly, Weekly

Target Market Determination

Visit Gateway Bank Ltd to view Target Market Determination.

Features

Extra repayments

Unlimited

Redraw facility

Redraw fee: $0

Offset account

Split interest facility

Loan portability

Repayment holiday available

Allow guarantors

Available for first home buyers

Other benefits

Fees

Total estimated upfront fees

$0

Application fee

$0

Legal fee

$0

Valuation fee

$0

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$299

Discharge fee

$300

Home loans

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