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.
At Gateway, we’re committed to doing the right thing for our members’ pockets and the planet. That’s why we’ve introduced the Green Plus Home Loan which is designed to reward homeowners who have invested in making their home energy efficient and reduced their impact on the environment with at least a 0.25% discount off our standard Premium Package Home Loan* rate.
If you are buying, refinancing, building or upgrading your home to a 7 Star NatHERs, 7 Star Residential Efficiency Scorecard, or a Green Star Designed or Certified home from Green Building Council of Australia (GBCA), our Green Plus Home Loan could be for you. If your home already has the 7 Star certification and you would like to take advantage of our rewarding rate, give us a call or apply online to refinance your existing loan to our Green Plus Home Loan.
Our Green Plus Home Loan offers all the flexibility and benefits of our Premium Package Home Loan, including a 100% Offset Account with an Eco Visa Debit Card, redraw, unlimited repayments and a 0.10% bonus on Term Deposit rates.
Gateway’s Green Home Loans (Owner Occupied) has been certified by the Responsible Investment Association Australasia according to the strict operational and disclosure practices required under the Responsible Investment Certification Program. See www.responsiblereturns.com.au for details^.
Am I eligible?
To be eligible for Gateway’s Green Plus Home Loan, the property must have one of the following; a 7 Star Nationwide House Energy Rating Scheme (NatHERS), a 7 Star Residential Efficiency Scorecard, or a Green Star Designed or Certified home from Green Building Council of Australia (GBCA). This needs to be evidenced with a copy of your certificate from either NatHERS, Residential Efficiency Scorecard or GBCA. New builds or construction plans that have been certified with a 7 Star NatHERS, Residential Efficiency Scorecard, or Green Star Designed or Certified home from GBCA are also eligible. For a security property in the ACT, which has its own system for energy rating, a certificate from an accredited assessor licensed in the ACT showing at least a 7 Star rating is also acceptable.
Does your home have a Residential Efficiency Scorecard rating under 7 stars? You may still be eligible for a Green Home Loan.
Want to apply for a Gateway Green Plus Home Loan online? You’ll need the following documentation to complete and submit the application:
Home Loans |
|
|---|---|
| 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 |
| Criteria : | Provide a certificate from an accredited assessor showing a 7-star energy efficiency rating from the Nationwide House Energy Rating Scheme (NatHERS) or a 7-star Residential Efficiency Scorecard |
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.
*The Green Plus Home Loan interest rate will have at least a 0.25%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. This product is not eligible for borrowers under The Home Guarantee Scheme.
^The Responsible Investment Certification Program does not constitute financial product advice. Neither the Certification Symbol nor RIAA recommends to any person that any financial product is a suitable investment or that returns are guaranteed. Appropriate professional advice should be sought prior to making an investment decision. RIAA does not hold an Australian Financial Services Licence.
