Inv Green Plus Home Loan IO

 General Lending Rates

 Product Features

• Complementary Product Discounts Additional Information: Discounted interest rate for 7 Star NatHERs rated homes. 0.25% discount off our standard Premium Package Home Loan rate

• Digital Banking Additional Information: Access is available to online banking features for the product

• Offset Additional Information: An offset account is a transactional account that is linked to your home loan. Any balance in this account is offset against an equivalent portion of your home loan balance and generates an interest reduction on your loan

• Other Additional Information: Options to split variable options and fixed rate. Interest rate lock for up to 90 days on fixed rate loans

• Other Additional Information: Preferential term deposit rates. Earn an extra 0.10%p.a. on your Term Deposit accounts so your investments work harder for you

• Other Additional Information: Preferential insurance rates. Enjoy a 10% discount off CGU General Insurance premiums

• Redraw Additional Information: Home loan redraw facilities allow borrowers to withdraw the additional funds they put into their variable rate home loan

• Unlimited Txns Additional Information: Unlimited extra repayments

 Product Eligibility

• Natural Person

• Other Additional Information: To be eligible for Gateway's Investor Green Plus Home Loan, the property must have one of the following; a 7 Star Nationwide House Energy Rating Scheme (NatHERS), a 7 Star Residential Efficiency Scorecard, or a Green Star Designed or Certified home from Green Building Council of Australia (GBCA). This needs to be evidenced with a copy of your certificate from either NatHERS, Residential Efficiency Scorecard or GBCA. For a security property in the ACT, which has its own system for energy rating, a certificate from an accredited assessor licensed in the ACT showing at least a 7 Star rating is also acceptable.

• Other Additional Information: This loan is eligible for the purchase of existing homes, refinancing of an existing home, or construction of new builds.

 Bank Fees and Charges

• Establishment Fee (Upfront), Amount: 0.00. Additional Information: Payable at settlement of new loan, and may be payable at substitution of security or when adding a new security

• Legal Fee (Upfront), Amount: 0.00. Additional Information: Payable at settlement to cover solicitor's documentation costs

• Valuation Fee (Event), Amount: 0.00. Additional Information: Payable if valuation required per property. 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) NIL(covers one security)

• Annual Package Fee (Periodic), Amount: 299.00. Additional Information: Payable at settlement and then again on each anniversary

• Mortgage Registration Fee (Upfront), Amount: 0.00. Additional Information: Government charges at cost

• Discharge Of Mortgage Fee (Event), Amount: 300.00. Additional Information: Payable at the time of each discharge of mortgage

• Contruction Progress Inspection Fee (Event), Amount: 150.00. Additional Information: Payable if an inspection is undertaken during the construction period

• Construction Additional Progress Payment Fee (Event), Amount: 150.00. Additional Information: Payable from the 6th draw down (after the first 5 progress draw downs)

• Construction Final Inspection Fee (Event), Amount: 325.00. Additional Information: Payable when inspection/valuation is undertaken at final draw down

• Top Up Fee (Event), Amount: 0.00. Additional Information: Payable at settlement when increasing loan borrowings

• Switch Fee (Event), Amount: 0.00. Additional Information: Payable if Gateway agrees to vary the Loan Agreement on existing Gateway loan as follows: Product switch (e.g. from variable rate to a fixed rate) Repayment switch (e.g. P&I to Interest Only) Split (e.g. into part variable rate and part fixed rate)

• Security Variation Fee (Event), Amount: 0.00. Additional Information: Payable if Gateway agrees to vary the security on an existing loan

• Discharge Fee - Per Additional Security (Exit), Amount: 95.00. Additional Information: Discharge Fee - Per Additional Security

 Limitations & Restrictions (Constraints)

• Max Limit of 2000000.00

• Max Lvr of 80.00

• Min Limit of 250000.00

 Document Downloads

  gateway-loan-fees-and-charges.pdf (130 K)