Introducing Gateway Bank
Gateway Bank has expanded their partnership with VOW/YBR. The addition of Gateway to the panel will provide brokers with an additional lender participating in the First Home Loan Deposit Scheme (FHLDS) as well as other useful policy and product niches, which are outlined below. For more details about the FHLDS, please see here.
Gateway Bank will enrol you in its online compliance module shortly, and upon your completion we will provide you with your unique broker code.
Gateway has a full range of great value home and investment loans with competitive rates, including the below specials for over $500k loans (up to 80% LVR):
Product |
Purpose |
Interest Rate Type |
Interest Rate1 |
Comparison Rate2 |
Premium Package |
Investment |
Principal & Interest |
3.34% |
3.66% |
Investment |
Interest Only |
3.54% |
3.86% |
|
Low Rate Essentials |
Owner Occupied |
Principal & Interest |
3.01% |
3.04% |
Investment |
Principal & Interest |
3.29% |
3.32% |
|
Investment |
Interest Only |
3.49% |
3.51% |
Please note the below features and benefits of Gateway's key offerings:
Premium Package3
-
NO Establishment Fee
-
$299 Annual Fee
-
Up to four loan splits - free
-
Unlimited 100% Loan Offset Accounts on variable loans with Visa Debit Card.
-
Free online redraw available, unlimited number
-
Unlimited additional repayments on fixed NO penalty
-
NO Valuation Fee on 1st valuation - up to $325
Low Rate Essentials Home Loan3
-
A low rate with full repayment flexibility
-
Free redraw available, unlimited number
-
No ongoing fees
-
Min loan amount $50,000
Acceptable Security
-
Apartments 40 sqm and above (up to 95% LVR)
-
Apartments 25 sqm and above (up to 80% LVR) - Case by case
-
Company title properties
Family Pledge
-
Purchasing established dwellings only for owner occupancy
-
Maximum LVR 80% (or 105% of the purchase price of the first home buyer property)
-
Security will be the first mortgage over both security properties
-
Debt consolidation up to 5% of purchase price on application
Family Pledge Guarantors
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Applicant's immediate family
-
Can pledge up to 50% of the value of their security (for pledge loan)
-
Maximum LVR 70% against guarantor's property (for pledge + own debts)
-
Gateway to be first mortgagee
-
Guarantors should be able to demonstrate clearance of the guarantee if required
Gateway key contacts are:
Accreditations
support@gatewaybank.com.au
Broker Support Consultants
Daryl Smith
t: 02 9307 4304 m: 0410 289 220
e: darylsmith@gatewaybank.com.au
Arun Gupta
t: 02 9307 4301
e: arungupta@gatewaybank.com.au
Additional information is available on Gateway Bank's Broker Portal
1 Gateway reserves the right to vary these interest rates at any time. 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.
2 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. Applications for finance are subject our standard credit assessment criteria. Full terms and conditions are included in the loan offer. Fees and charges apply.
3 For product information including; interest rates, T&Cs and fees & charges that apply, visit the respective product page at www.gatewaybank.com.au.