Gateway Bank Home Loans: The 2026 Review
Go green with Gateway Bank's eco-friendly loans, perfect for environmentally conscious borrowers. Beware of break costs on fixed rates. Ready to make a sustainable choice?
Bheja Verdict
Very Good
Gateway Bank Home Loans At a Glance
5.85%
Variable • Owner Occupied
$0
Fee-free options available
$0
Ongoing service fee
Current Gateway Bank Home Loan Rates
Last updated: July 2026
- Average Rate
- 6.82%
- Best Rate
- 5.85%
- Monthly Payment
- $2,950
Green Plus Home Loan
Gateway Bank
Min 20% DepositOffsetRedraw5.85%Interest RateVariable6.14%Comparison Rate*$2,950per monthPrincipal And InterestFees:Ongoing/year $299$95+ other fees may applyDischargeAllium Money Essentials
Gateway Bank
Min 20% DepositRedraw5.94%Interest RateVariable5.94%Comparison Rate*$2,978per monthPrincipal And InterestAllium Money Premium
Gateway Bank
Min 20% DepositOffsetRedraw5.99%Interest RateVariable5.99%Comparison Rate*$2,995per monthPrincipal And InterestFees:Ongoing/year $299+ other fees may applyGreen Home Loan
Gateway Bank
Min 20% DepositOffsetRedraw6.10%Interest RateVariable6.38%Comparison Rate*$3,030per monthPrincipal And InterestFees:$299Ongoing/year$95+ other fees may applyDischargeLow Rate Essentials
Gateway Bank
20%-30% DepositRedraw6.19%Interest RateVariable6.21%Comparison Rate*$3,059per monthPrincipal And InterestLow Rate Essentials
Gateway Bank
15%-20% DepositRedraw6.24%Interest RateVariable6.26%Comparison Rate*$3,075per monthPrincipal And InterestPremium Package
Gateway Bank
20%-25% DepositOffsetRedraw6.29%Interest RateVariable6.57%Comparison Rate*$3,092per monthPrincipal And InterestFees:$299Ongoing/year$95+ other fees may applyDischargePremium Package
Gateway Bank
15%-20% DepositOffsetRedraw6.38%Interest RateVariable6.66%Comparison Rate*$3,121per monthPrincipal And InterestFees:$299Ongoing/year$95+ other fees may applyDischargeConstruction Loan Var Rate
Gateway Bank
Min 10% DepositOffsetRedraw8.68%Interest RateVariable8.75%Comparison Rate*$3,909per monthPrincipal And InterestFees:$200Application$95+ other fees may applyDischargeLand Loan Variable Rate
Gateway Bank
Min 20% DepositOffsetRedraw8.68%Interest RateVariable8.75%Comparison Rate*$3,909per monthPrincipal And InterestFees:$200Application$95+ other fees may applyDischarge
Gateway Bank Product Statistics
Real-time insights and market analysis
Gateway Bank offers 63 home loan products across 104 variations, the average variable rate is 7.01% p.a., the best available rate is 5.85% p.a..
Average Variable Rate
7.01%
72 products
Average Fixed Rate
7.15%
32 products
Best Available Rate
5.85%
Variable • Owner Occupied • P&I
Total Products
63
104 variations
Fee Summary
Application Fee
68% fee-free
$0 - $200
Monthly Fee
$0
Discharge Fee
$0 - $95
Late Payment Fee
$15
Key Features
Across Gateway Bank's range: 41 include an offset account, 72 offer redraw, 104 allow extra repayments, 98 support split loans.
Product Ranges
Gateway Bank's interest rates range from 5.85% to 10.22% p.a., maximum LVR from 50% to 96%, loan amounts span $20,000 to $2,000,000.
Disclaimer: The key features displayed highlight what's available across the lender's home loan range. Individual products and variations may differ. Use the product table to search for a loan with the specific features you're looking for.
How Gateway Bank Compares
| FEATURE | Gateway Bank | Australian Mutual Bank LTD | Fire Service Credit Union | Hume Bank | Newcastle Permanent Building Society |
|---|---|---|---|---|---|
| Best Variable Rate | 5.85% | 5.64% | 5.89% | 5.99% | 5.99% |
| Best Fixed Rate (3yr) | 6.39% | 6.14% | — | 6.39% | 6.39% |
| Application Fee | $0BEST | $250 | $150 | $199 | $350 |
| Monthly Admin Fee | $0BEST | $0 | $0 | $0 | $0 |
| Offset Account | |||||
| Redraw Facility | |||||
| Product Variations | 104 | 182 | 5 | 115 | 109 |
Bheja Insight: Gateway Bank waives application fees, saving borrowers hundreds compared to other community-owned lenders.
About Gateway Bank
Company overview and contact information
Gateway Bank is a community-owned financial institution, offering a unique blend of branch and online services. As an Authorized Deposit-taking Institution (ADI), it operates under the regulatory oversight of APRA and holds both an Australian Financial Services Licence (AFSL) and an Australian Credit Licence (ACL). This structure ensures that Gateway Bank is well-positioned to serve its community with a focus on sustainable financial practices.
With a diverse portfolio of 63 home loan products and 104 variations, Gateway Bank caters to a wide range of customers. Their interest rates start from 5.85% and go up to 10.22%, providing options for different financial needs. Notably, their Green Plus Home Loan is tailored for energy-efficient homes, appealing to environmentally conscious borrowers who value sustainability.
Gateway Bank distinguishes itself through its commitment to green lending initiatives, offering rewards for environmental contributions. This focus on sustainability aligns with current trends in sustainable finance, making Gateway Bank a preferred choice for clients interested in eco-friendly financial solutions. Their reputation for competitive rates and unique products further enhances their appeal in the market.
Company Details
Key Features
Gateway Bank offers a range of flexible home loan features designed to provide borrowers with financial benefits and convenience, including competitive interest rates and eco-friendly options.
Offset Account
Gateway Bank provides an offset account linked to your home loan, reducing your interest by offsetting the balance against your loan. For example, a $50,000 offset can save you $244 monthly, equating to $2,928 annually.
Home Loan Redraw Facility
With Gateway Bank's redraw facility, you can access extra funds paid into your variable rate home loan. This feature provides financial flexibility, allowing you to manage unexpected expenses efficiently.
Unlimited Extra Repayments
Gateway Bank allows unlimited extra repayments on variable loans, enabling you to pay off your loan faster and reduce interest costs over time. This feature is available on all variable rate loans.
Online Banking Access
Access your Gateway Bank home loan through comprehensive online banking features. Manage your account, make payments, and monitor your loan progress conveniently from any device.
Variable and Fixed Rate Splits
Gateway Bank offers the option to split your loan between variable and fixed rates, providing stability with fixed rates and flexibility with variable rates. This feature is available on select products.
Preferential Term Deposit Rates
Earn an additional 0.10% p.a. on your Term Deposit accounts with Gateway Bank, making your investments more rewarding. This benefit is available on select package loans.
Discounted Rates for Energy-Efficient Homes
Gateway Bank offers a 0.25% discount on home loans for 7 Star NatHERs rated homes, supporting sustainable living. This discount is part of Gateway’s Green Home Loan initiative.
Interest Rate Lock
Secure your fixed interest rate for up to 90 days with Gateway Bank's interest rate lock feature, protecting you from potential rate increases during the loan approval process.
Progressive Drawdowns for Construction Loans
Gateway Bank provides up to 5 free progressive drawdowns, allowing multiple disbursements during the building process. This feature is ideal for managing construction costs efficiently.
Preferential Insurance Rates
Enjoy a 10% discount on CGU General Insurance premiums with Gateway Bank, offering cost savings on essential insurance products. This benefit is available on select loans.
Gateway Bank Home Loan Pros & Cons
Our expert take on whether Gateway Bank is right for you
Pros
- +Significant savings over the life of the loan compared to market average
- +Green lending initiatives and sustainability rewards
- +Offset account and unlimited extra repayments
- +No monthly fees on Edge Transaction Account
Cons
- –Rates are generally above market average
- –Complaints about customer service and long approval times
- –Discharge of Mortgage Fee of $300
- –Unexpected rate increases on variable loans
Best For
- Environmentally conscious borrowers
- Homeowners interested in green lending initiatives
- Borrowers looking for savings on large loans
- Clients preferring community-owned banks
Not Ideal For
- Borrowers seeking the lowest interest rates
- Customers prioritizing fast loan approval processes
Bheja Verdict: Gateway Bank offers unique green lending options and savings over the market average, but potential borrowers should be aware of higher rates and customer service issues.
Gateway Bank Mortgage Calculator
Estimate your repayments using current Gateway Bank home loan rates
Over 30 years, borrowing $480,000 at 5.85%, total cost including interest and known fees could be around $1,235,118. Estimated monthly repayment: $2,831.72.
This loan can be split between fixed and variable. This estimate uses one option only.
Known fees in this estimate
- Valuation fee
- $325
- Discharge fee
- $95
- Monthly fee
- $598 / month
- Total ongoing fees (30 yrs)
- $215,280
How is this calculated?
Estimated total cost includes the amount borrowed, interest over the full loan term, and any upfront, ongoing, and discharge fees published by the lender. It does not include stamp duty, LMI, or savings from an offset account.
The revert rate is the rate your loan may switch to when a fixed, introductory, or interest-only period ends. Where a lender hasn't published this rate, we use an estimate.
Cost breakdown
- Amount you borrow
- $480,000
- Total interest
- $539,418
- Upfront fees
- $325
- Ongoing fees
- $215,280
- Discharge fee
- $95
- Estimated total cost
- $1,235,118
- These figures are estimates only. Your actual repayments and costs may differ. Confirm all details with your lender before making a decision.
- Where a lender hasn't published their revert rate (the rate that applies after a fixed, introductory, or interest-only period ends), we estimate it. Your repayments may change when this period ends.
- Split loans and offset accounts aren't included in this estimate.
- For product comparison and comparison rates, see the rates table above.
Still Unsure? Let a human handle it.
Not sure if Gateway Bank is right for you? Our brokers can help you compare options.
Frequently Asked Questions
Gateway Bank typically takes 1-3 business days for pre-approval and 2-4 weeks for full approval after accepting a property offer. The entire process from application to settlement can take 6-12 weeks.