Our Low Rate Essentials Home Loan gives you a great variable rate home loan with flexibility and no annual fees.


It doesn’t matter if you’re a first home buyer, upgrading your family home or looking to downsize, the Gateway Low Rate Essentials Home Loan offers all owner occupier home buyers a low variable rate with flexible features and zero hidden fees. Borrow up to 95%^ of the property value for owner-occupier purchases or refinances, choose your repayment frequency of weekly, fortnightly or monthly payments with flexible loan terms of up to 30 years. There is even the option to split your home loan with a fixed rate to get the best of both worlds, all with no ongoing annual fees. Enjoy our Low Rate Essentials Home Loan to make the cost of home buying cheaper and more accessible for all home buyers.


What is a redraw facility?

Having a home loan with a redraw facility gives you the flexibility to make unlimited, fee free additional payments to your loan. This helps reduce the amount of interest you will pay and therefore can save you money over the life of your loan. So if you have a little money left over each month or receive a little windfall such as a bonus or gift, you’re able to use that money to reduce the interest paid on your loan. Down the track if you need some extra cash to help with an emergency you’re also able to access these additional payments, which can be easily withdrawn through your online banking saving you time and stress.


Want to apply for a Gateway Low Rate Essentials Home Loan online? In order to submit the application, you’ll need all of the following for all applicants:

  • The details of the property you wish to purchase
  • Your living expense figures
  • Details of your assets, income and liabilities
  • Statements for the last 3 months for your assets & liabilities
  • Your last 2 payslips or evidence of income statements

Want to know more?

Product Features:

Home Loans
Establishment Fee : 0
Valuation Fee : $0
Annual Fee : $0
Monthly Fee : $0
Discharge Fee : $300
Redraw Facility : Minimum $500 per redraw
Redraw Fee : 0
Loan Repayment Insurance : No
Additional Repayments Accepted : Yes
Additional Repayments Fee : $0
ATM/EFTPOS Access : No
Branch Access : Yes
Split Loans : Yes

Having trouble deciding what's right for you?

Use our comparison tool to help find the best home loan for you.

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.

Low Rate Essentials 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.

^LMI required if borrowing more than 80% of the security property value.


  • 1 Applies to standard single residential dwellings to $1 million in Metro locations and $500,000 in Regional locations (maximum land area 2.2ha/5 acres). An additional valuation fee may apply for non-standard properties
  • 2 Redraw is only available on variable rate home loans and requests are subject to approval. Minimum redraw amount is $500. Fee-free redraws are only available through Online Banking, any other form of request will incur a $7.50 staff assisted transaction fee. The available loan redraw amount is calculated by taking the sum of any additional loan repayments you may have made, less your next scheduled loan repayment.
  • 3 A loan can be split up to 2 loan accounts without cost. Fees apply thereafter.