Gateway’s Green Home Loan has been designed to benefit our Members who share our values of doing the right thing for the environment. If your property has established environmentally friendly and sustainable features, you’re planning renovations to add them to your existing home, or you’re planning to construct a new eco-build, you could benefit from a 0.15% pa discount from Gateway’s Premium Package Variable Rate (LVR up to 80%) Home Loan1.
Our Green Home Loan offers all the benefits of our Premium Package Home Loan such as 100% Offset, redraw, unlimited repayments and a 0.10% bonus on Term Deposit rates.
Am I eligible?
Alongside the usual credit criteria your property needs to have at least 3 of the following environmental features in order to be eligible for the discounted Gateway Green Home Loan. This loan is eligible for the purchase of existing homes, refinancing of an existing home, or construction of new builds that include at least 3 of these features:
Gateway’s Green Home loan not only offers a rewarding interest rate for homeowners that have taken steps to make their home more environmentally friendly, but also offers the flexibility and benefits you would want with your home loan.
Want to know more about the Gateway 100% Offset Account?
By linking an Offset Account to your Green 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 Eco Debit Card.
Want to apply for a Gateway Green 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 |
| Redraw Facility : | Yes |
| Redraw Fee : | $0 |
| Offset Account : | Yes |
| Additional Repayments Accepted : | Yes |
| Additional Repayments Fee : | $0 |
| ATM/EFTPOS Access : | No |
| Branch Access : | Yes |
| Split Loans : | Yes |
| Base Interest Rate : | 4.02% pa |
| Base Comparison Rate : | 4.33% pa |
| Criteria : | Must have at least 3 of the following environmental features on the property: - Solar photovoltaic (PV) systems / Solar Panels - Solar battery storage system - Rain / Storm Water Tank - Certified double-glazed windows - Solar hot water system - 5 Star + Gas or Electric Heating - External awnings - Solar pool heating system - Home insulation that meets government standards for geographic area - Energy efficient LED lights in over 75% of the property |
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
