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.
When buying your home, you’re looking for a property that ticks all the boxes – so it makes sense to secure a home loan that ticks all the boxes too. It doesn’t matter if you’re looking for a low rate, an offset account, unlimited additional repayments with the option to redraw, a Gateway Premium Package Home Loan offers all these features and more. Combining all these features with flexible repayment options of weekly, fortnightly or monthly, the Gateway Premium Package loan has something for every home buyer.
Want to know more about the Gateway 100% Offset Account? By linking an Offset Account to your Premium Package home loan, the balance in your Offset Account will offset against the balance of your home loan, reducing the interest you’ll pay and potentially shortening the term of your home loan. Having your salary deposited directly into your Offset Account is a great way to make your money work harder for you. Any funds, no matter how small, helps to reduce the interest you pay on your loan.
A 100% Offset Account comes without account keeping or service fees, whilst still giving you the flexibility of 24/7 access to your funds when you need them with a Gateway Visa Debit Card.
Want to apply for a Gateway Premium Package Home Loan online? You’ll need the following documentation to complete and submit the application:
Home Loans |
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|---|---|
| Establishment Fee : | 0 |
| Valuation Fee : | $0 |
| Annual Fee : | $299 |
| Monthly Fee : | $0 |
| 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 |
Gateway reserves the right to vary these interest rates at any time. Interest rates quoted are for new lending only. Existing borrowers should contact Gateway to discuss their requirements. 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.
^Earn an extra 0.10%p.a. on your Term Deposit accounts and enjoy a 10% discount off CGU General Insurance premiums
