An offset account is a transactional account that is linked to your home loan. Any balance in this account is offset against an equivalent portion of your home loan balance and generates an interest reduction on your loan.
Home Loans |
|
|---|---|
| Establishment Fee : | $0 |
| Valuation Fee : | $0 |
| Annual Fee : | $299 |
| Discharge Fee : | $300 |
| Fixed Rate Loan Break Fee : | Yes |
| Redraw Facility : | Minimum $500 per redraw |
| Redraw Fee : | $0 |
| Offset Account : | Yes, only on variable loans |
| Loan Repayment Insurance : | No |
| Additional Repayments Accepted : | Yes |
| Additional Repayments Fee : | $0 |
| ATM/EFTPOS Access : | No |
| Branch Access : | Yes |
| Split Loans : | Yes |
| Base Interest Rate : | 4.72% pa |
| Base Comparison Rate : | 5.02% pa |
Gateway reserves the right to vary these interest rates at any time. Applications for finance are subject to our standard credit assessment criteria. Full terms and conditions are included in the loan offer. Fees and charges apply.
Comparison rates are calculated based on a loan amount of $150,000 over a 25-year term. WARNING: Comparison rates are true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Premium Package variable rate is available for a limited time only and may be varied or withdrawn at any time. This offer is available for new loans of $150,000 or more and top ups of $50,000 or more.
