Gateway Bank Home Loans: The 2026 Review

Gateway Bank, originally established as Gateway Credit Union, has a rich history rooted in community values and sustainability. Founded to provide an alternative to profit-driven banking, Gateway Bank has maintained its independence, operating without affiliation to the Big 4 banks. Over the years, it has evolved from a credit union into a fully-fledged bank, expanding its services and product offerings while staying true to its foundational principles.

Today, Gateway Bank is a community-owned financial institution headquartered in Sydney, Australia. It operates primarily through digital channels, offering a range of financial products and services nationwide. With a focus on sustainability, Gateway Bank differentiates itself by providing competitive green home loans and maintaining low fees. This approach appeals to environmentally conscious customers who value community engagement and ethical banking practices.

Gateway Bank targets Australian home loan borrowers who prioritise environmental impact and community ownership. It offers products with features like $0 establishment fees and free standard property valuations, catering to the needs of cost-conscious and eco-friendly borrowers. Despite its digital-first approach, Gateway Bank remains committed to its community-focused values, appealing to customers across Australia who seek a banking partner aligned with their sustainability goals.

• 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 features that provide flexibility and cost savings, catering to borrowers who value sustainability and community engagement.

• Home Loan Redraw Facilities: Allows borrowers to access additional funds paid into their variable rate home loan, providing flexibility for unexpected expenses or investment opportunities.
• Unlimited Extra Repayments: Borrowers can make unlimited extra repayments on certain products, helping to reduce the loan balance faster and save on interest over the loan term.
• Online Banking Access: Provides convenient access to manage home loans through digital platforms, ensuring borrowers can easily monitor and adjust their accounts from anywhere.
• Variable and Fixed Rate Splits: Allows borrowers to split their loan between variable and fixed rates, offering the stability of fixed rates and the potential savings of variable rates.
• Interest Rate Lock: Secures the interest rate for up to 90 days on fixed rate loans, protecting borrowers from potential rate increases during the application process, for a fee of 0.15% of the loan amount.
• Offset Account: A transactional account linked to the home loan that reduces the interest payable by offsetting the loan balance, offering significant interest savings over time.
• Discounted Interest Rates: Offers a 0.15% discount on the Premium Package Variable Rate for eligible homes and a 0.25% discount for 7 Star NatHERs rated homes, encouraging environmentally friendly choices.
• Progressive Drawdowns: Available on construction loans, allowing for up to five free drawdowns, which can help manage cash flow during the building process.
• No Establishment Fees: Most home loans come with a $0 establishment fee, reducing upfront costs for borrowers and making it more affordable to secure a loan.
• Preferential Term Deposit Rates: Earns an extra 0.10% p.a. on term deposits, enhancing the return on investments and supporting financial growth alongside home loan management.

Gateway Bank offers a transparent fee structure with several $0 fees, including establishment and standard valuation fees, making it an attractive option for borrowers seeking clarity and cost-effectiveness.

• Establishment Fee: $0 - Nil. Payable at settlement of a new loan, and may be payable at substitution of security or when adding a new security.
• Valuation Fee: $0 - Nil for the first valuation, then $325 if additional valuations are required. Applies to properties up to $1 million in Metro and $500,000 in Regional areas.
• Legal Fee: $275 - Payable at settlement to cover solicitor's documentation costs.
• Annual Package Fee: $0 (Annual) - Nil for most products, but $299 for package deals.
• Discharge Fee: $300 - $300 for the first security, $95 per additional security.
• Security Variation Fee: $200 - Payable if Gateway agrees to vary the security on an existing loan.
• Switch Fee: $125 - Payable for changes in product or repayment terms, such as switching from variable to fixed rates.
• Rate Lock Fee: Variable - 0.15% of the loan amount, payable at application to lock in the fixed rate for 90 days.

Gateway Bank provides home loans to Australian borrowers, focusing on environmentally conscious individuals with competitive terms and a commitment to sustainability.

• Applicants must be at least 18 years old.
• Applicants must be Australian citizens or permanent residents.
• The property must have a 7 Star NatHERS or Residential Efficiency Scorecard rating for Green Plus Home Loans.
• Applicants must be natural persons, not legal entities.
• Eligible for purchasing existing homes, refinancing, or constructing new builds.

• Loan-to-Value Ratio (LVR) up to 80% without Lenders Mortgage Insurance (LMI).
• Special programs for first home buyers may be available.
• Rate lock option available for 90 days at a fee of 0.15% of the loan amount.