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.
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.
1 The Green Home Loan interest rate is linked to the Premium Package base rate will have a 0.15%pa discount from Gateway’s Premium Package Variable Rate (LVR up to 80%) Home Loan. This does not apply to Special Offer Premium Package interest rates.
^Earn an extra 0.10%p.a. on your Term Deposit accounts and enjoy a 10% discount off CGU General Insurance premiums
*To be eligible for the $2,000 Green Plus Home Loan or Green Home Loan cashback offer, apply between 20th September 2021 to 31 December 2021 and settle or for construction partially draw down the loan by 31st March 2022 (Offer Period) on eligible Green Plus Home Loan and Green Home Loan for refinance, purchase and construction applications with a minimum loan amount of $250k and LVR up to 80%. We reserve the right to extend or withdraw the offer at anytime. The offer is available to applicants who are owner-occupiers and excludes top-ups and refinances of internal Gateway Bank Home Loans, non-residents, businesses, trusts and other non-natural persons. Limit of one $2,000 cashback payment regardless of the number of applications, applicants, properties or loans involved per 12 month period. For joint applications, only one cashback payment will be paid to the primary applicant.
The primary applicant must have a Gateway Bank Edge transaction account or a 100% Offset account open at the time of settlement in order to receive the cashback payment of $2,000. The cashback will be credited to the primary borrower's Gateway Bank transaction account within 60 days of loan funding. Applications subject to credit approval. Fees and charges apply.