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Gateway CU

Honeymoon Home Loan

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Honeymoon Loan

HHL Comparison Option 1

HHL Comparison Option 2

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Whatever your situation - first homebuyer, upgrading or investing in residential property, an introductory rate can help you minimise repayments during those important early years of your loan.

By starting out with a lower rate, managing cash flow can be easier - helping you get ahead financially.

Our Honeymoon Home Loan offers a competitive fixed rate for the first year plus discounts in years two and three.

Contact us online about a new home loan
Download and print a home loan application
Apply via Online Banking, select "Apply for a Loan" (Members only)

Features

Initial Period

Introductory fixed rate in first year

Additional Discount

In years 2 & 3 choose between:

Option 1: 0.15%p.a. off our standard variable rate

                               or

Option 2: 0.10%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

Splits

Loan can be split into variable and/or fixed rate portions

Rate Lock

Take advantage of the current interest rate for 90 days, apply for a Rate Lock (Fees apply)

Loan Term

Up to 30 years

Repayment Options

  • Weekly
  • Fortnightly
  • Monthly
  • Principal plus interest
  • Interest only

Additional Payments

  • 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
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.


 

 

 

 

 

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