Gateway Bank Home Loans: The 2026 Review

Gateway Bank, a community-owned financial institution, operates independently from its headquarters in Sydney, NSW. While the exact year of its establishment remains unspecified, the bank has steadily developed a reputation for prioritising personalised service and competitive rates. Its evolution reflects a commitment to blending traditional banking values with modern, customer-centric solutions.

Today, Gateway Bank serves as a distinctive alternative to the larger banks in Australia, offering a digital-first approach while maintaining a strong community focus. With a portfolio of three home loan products, each available in three variations, the bank caters to a diverse range of financial needs. Its business model emphasises competitive pricing and customer service, setting it apart from the Big 4 banks.

Gateway Bank targets individuals who value personalised service and competitive home loan rates, primarily within the Australian market. The bank's offerings include waived establishment fees and interest rate locks on fixed loans, appealing to borrowers seeking stability in a volatile interest environment. Its commitment to community service and digital banking facilities underscores its dedication to providing comprehensive financial solutions tailored to its customers' needs.

• Legal Name: Gateway Bank Ltd
• ABN: 47087650093
• Headquarters: Level 10, 68 York Street, NSW 2000
• Type: Community-Owned Bank
• Ownership: Independent

• Website: https://www.gatewaybank.com.au
• Phone: 1300 302 474
• Email: [email protected]
• Address: Level 10, 68 York Street, NSW 2000

Gateway Bank offers a range of home loan products that provide flexibility and cost savings, including waived establishment fees and preferential rates on term deposits and insurance.

• Online Banking Access: Gateway Bank provides comprehensive online banking features, allowing borrowers to manage their home loans conveniently from anywhere. This includes the ability to view balances, make payments, and track loan progress, enhancing overall accessibility and ease of management.
• Variable and Fixed Rate Splits: Borrowers can opt to split their loans between variable and fixed rates, offering flexibility to benefit from potential rate drops while securing part of their loan against increases. This feature allows for tailored financial planning according to individual risk preferences.
• Preferential Term Deposit Rates: Customers benefit from an additional 0.10% p.a. on term deposit accounts. This enhances investment returns, making it an attractive option for those looking to maximise their savings alongside their home loan.
• Preferential Insurance Rates: Gateway Bank offers a 10% discount on CGU General Insurance premiums. This provides cost savings on essential insurance products, integrating financial services for a more comprehensive banking experience.
• Interest Rate Lock: An interest rate lock for up to 90 days on fixed rate loans allows borrowers to secure a favourable rate amidst market fluctuations. This feature provides peace of mind and financial predictability during the loan application process.
• Unlimited Extra Repayments: Borrowers have the option to make unlimited extra repayments on their loans, reducing the principal faster and saving on interest over the life of the loan. This feature supports financial flexibility and quicker loan payoff.
• Waived Establishment Fees: Most home loan products from Gateway Bank have the establishment fee waived, offering an initial cost-saving advantage. This reduction in upfront costs makes home loans more accessible to a wider range of borrowers.
• Annual Package Fee: While Gateway Bank charges a $299 annual package fee, this is offset by the value-added benefits such as preferential rates and waived establishment fees, providing overall cost-effectiveness for borrowers seeking comprehensive financial solutions.

Gateway Bank maintains a transparent fee structure, offering borrowers clear insights into potential costs associated with their home loans. While some fees are variable or product-specific, the bank provides options to minimise upfront costs, such as waived establishment fees.

• Rate Lock Fee: Variable - Payable at application to lock in the prevailing fixed rate for 90 days. Calculated as 0.15% of the locked loan amount.
• Additional Valuation Fee: Variable - Charged for additional property valuations; waived for Premium Package holders.
• Mortgage Registration Fee: Variable - Government charges applied at cost for registering the mortgage.
• Annual Package Fee: $299 (Annual) - Charged at settlement and annually thereafter, applicable to package loans.
• Discharge Fee: $300 - Charged when the mortgage is discharged. May vary by product.
• Early Repayment Adjustment (ERA): Variable - Applies if the loan is repaid in full during a fixed rate period, potentially incurring break costs.
• Security Variation Fee: $0-$200 - First variation is free; subsequent changes incur a $200 fee.
• Switch Fee: $0-$125 - First switch is free; $125 fee applies for changes such as switching loan products or repayment types.

Gateway Bank provides home loans to Australian residents aged 18 and over, focusing on personalised service and competitive rates.

• Must be at least 18 years old.
• Applicants must be Australian citizens or permanent residents.
• Demonstrated ability to repay the loan through stable income and employment history.
• A satisfactory credit history is required, with no significant defaults.
• Loan-to-Value Ratio (LVR) up to 95% is available on some products, subject to conditions.
• A minimum deposit of 5% may be accepted with a guarantor.
• Property must be located in Australia and meet specific valuation criteria.

• Lenders Mortgage Insurance (LMI) is required for loans with an LVR above 80%.
• First home buyers may be eligible for special programs and reduced deposit requirements.
• Split loan options are available, allowing a combination of fixed and variable rates.