Looking for a home loan with something extra? Our Discount Variable Home Loan offers you just that - flexibility. With a competitive discount variable rate for the first year plus discounted alternatives in years 2 & 3.
Our Discount Variable Home Loan also offers the option of a redraw facility. Redraw provides you with the added convenience of reducing your interest costs while being able to access a little financial help whenever you need it.
Contact us online about a new home loan
Download and print a home loan application form
Apply via Online Banking, select "Apply for a Loan" (Members only)
Initial Period
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Discount variable rate in first year
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Additional Discount
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In years 2 & 3 choose between:
Option 1: 0.25% p.a. off our standard variable rate
or
Option 2: 0.20% p.a. off our standard 2 year fixed rate
|
Conversion Options
|
At the end of Year 3 automatically converts to a Variable Rate Home Loan
You may also choose a Fixed Rate Loan
|
| Loan Amount |
- Minimum $50,000
- Maximum 95% of security property valuation
|
Lenders Mortgage Insurance
|
Applicable if you borrow more than 80% of the security property valuation
|
Loan Term
|
Up to 30 years
|
| Redraw |
- Loan Redraw available via Online Banking
- Minimum $500
|
Repayment Options
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- Fortnightly
- Monthly
- Principal plus interest
- Interest only (monthly only)
|
Additional Repayments
|
- Variable Rate portion – No restrictions
- Fixed Rate portion – No restrictions.
- Please note you may have to pay a fee if you repay your entire loan within the first 3 years
|
Loan Setup Costs
|
Yes - Refer to Loan Fees
|
Account Keeping Fees
|
None
|
Loan Contract Fees
|
Over the life of your loan contract, Government charges, credit fees and other charges may apply (details on request)
|
| Online Application
|
Apply Now
|
Contact us online about a new home loan
Contact us online about your existing Gateway home loan
Download and print a home loan application form
Apply via Online Banking, select "Apply for a Loan" (Members only)
* Important Information
1. Applications are subject to our normal credit assessment criteria.
2. Terms and Conditions apply and together with interest rates are subject to change.
3. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
4. Comparison rates are based on a loan amount of $150,000 over 25 years. View the Comparison Rate Schedule.
5. Loan Fees and charges apply. Other Fees and Charges may apply.
6. A Redraw Facility is available on this loan. Details of Fees and Charges are available.
7. You must be registered for Online Banking to have a redraw facility. To register, contact Member Services on 1300 302 474.
8. The maximum amount available to be redrawn is restricted by normal online banking daily withdrawal limits. If a greater amount is available due to your additional repayments and is required contact Gateway on 1300 302 474.
9. Available amounts for redraw will be outlined under your account in Online Banking.
10. An Offset Savings Account is not available on this loan.