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Gateway Bank home loan rates

Gateway Bank's lowest advertised variable rate for a home you live in and pay down is 5.94%, if you owe 60–70% of the home’s value. It was read Monday 2 November, and is 0.09 percentage points above the going rate of 5.85% across every lender. Its lowest fixed rate is 6.52%, fixed for one year.

Since the Reserve Bank’s increase on Tuesday 29 September, Gateway Bank has raised its lowest advertised variable rate from 5.89% to 5.94%. The change was first seen Wednesday 14 October. After the Reserve Bank’s increase has every lender.

129 advertised rates across 87 products, published by Gateway Bank under the Consumer Data Right. Last read Monday 2 November, yesterday. No lender pays to be listed.

Where it sits

5.94% Gateway Bank, lowest variable rate if you owe 60–70%

5.85% The going rate

0.09 percentage points above the going rate

The going rate is the lowest rate at least three lenders reach, so one lender's odd price cannot set it.

Both are advertised new-customer rates. A negotiated discount is in neither. Read your own rate against this.

Lowest variable rate, if you owe 60–70%: 5.94%
Lowest fixed rate: 6.52%, one year
Lowest comparison rate: 5.96%
Rates published: 129, across 87 products
Last rate move: Thursday 29 October
Last read: Monday 2 November

For a home you live in and pay down. The other loan types are in the tables below.

Lenders set a different rate for each LVR band, shown as how much you owe. LVR is what you owe as a share of the home's value.

Owner-occupied, principal and interest

Variable

Low Rate Essentials · owe 60–70% · 5.94–6.19% (5.96–6.21% with fees)
Low Rate Essentials · owe 50–60% · 6.14% (6.16% with fees)
Low Rate Essentials · owe up to 50% · 6.14% (6.16% with fees)
Allium Money Essentials · owe up to 80% · 6.19% (6.19% with fees)
Allium Money Premium · owe up to 80% · 6.24% (6.24% with fees)
Low Rate Essentials · owe 70–80% · 6.44% (6.46% with fees)
Low Rate Essentials · owe 80–85% · 6.49% (6.51% with fees)
Low Rate Essentials · owe 85–95% · 6.75% (6.77% with fees)
Home Loan - Variable Rate · owe up to 95% · 8.93% (9.00% with fees)

Fixed

Allium Premium 1Yr Fixed · one year · 6.52% (6.27% with fees)
Allium Premium 2Yr Fixed · two years · 6.57% (6.31% with fees)
Allium Premium 3Yr Fixed · three years · 6.67% (6.37% with fees)
Allium Essentials 1yr Fixed · one year · 6.74% (6.25% with fees)
Allium Essentials 2yr Fixed · two years · 6.79% (6.31% with fees)
Allium Essentials 3yr Fixed · three years · 6.89% (6.39% with fees)
Home Loan 1yr Fixed Rate · one year · owe up to 95% · 6.94% (8.77% with fees)
Home Loan 2yr Fixed Rate · two years · owe up to 95% · 7.04% (8.59% with fees)
Home Loan 3yr Fixed Rate · three years · owe up to 95% · 7.14% (8.44% with fees)
Home Loan 5yr Fixed · five years · owe up to 95% · 7.34% (8.26% with fees)

Where a rate is shown as a range, Gateway Bank published more than one under conditions it stated identically — same product, same term, same band, same loan size. Nothing published says which of them applies, so this does not guess.

Owner-occupied, interest only

18 rates

Variable

Allium Money Essentials IO · owe up to 80% · 6.34% (6.34% with fees)
Allium Money Premium IO · owe up to 80% · 6.54% (6.54% with fees)
Low Rate Essentials Int Only · owe up to 50% · 7.14% (7.16% with fees)
Low Rate Essentials Int Only · owe 50–60% · 7.14% (7.16% with fees)
Low Rate Essentials Int Only · owe 60–70% · 7.19% (7.21% with fees)
Low Rate Essentials Int Only · owe 70–80% · 7.54% (7.56% with fees)
Low Rate Essentials Int Only · owe 80–85% · 9.26% (9.29% with fees)
Low Rate Essentials Int Only · owe 85–95% · 9.66% (9.69% with fees)

Fixed

Allium Premium 3Yr Fixed IO · three years · 6.97% (6.45% with fees)
Allium Premium 1Yr Fixed IO · one year · 7.02% (6.32% with fees)
Allium Premium 2Yr Fixed IO · two years · 7.02% (6.40% with fees)
Allium Essentials 3yr Fixed IO · three years · 7.07% (6.45% with fees)
Home Loan 3yr Fixed Rate I/O · three years · owe up to 95% · 7.09% (8.43% with fees)
Home Loan 2yr Fixed Rate I/O · two years · owe up to 95% · 7.14% (8.61% with fees)
Allium Essentials 1yr Fixed IO · one year · 7.14% (6.29% with fees)
Allium Essentials 2yr Fixed IO · two years · 7.14% (6.38% with fees)
Home Loan 1yr Fixed Rate I/O · one year · owe up to 95% · 7.24% (8.80% with fees)
Home Loan 5yr Fixed I/O · five years · owe up to 95% · 7.69% (8.42% with fees)

Investment, principal and interest

23 rates

Variable

Inv Low Rate Essentials · owe up to 50% · 6.64% (6.66% with fees)
Allium Money Essentials Inv · owe up to 80% · 6.64% (6.64% with fees)
Inv Low Rate Essentials · owe 50–60% · 6.74% (6.76% with fees)
Allium Money Premium Inv · owe up to 80% · 6.79% (6.79% with fees)
Inv Low Rate Essentials · owe 60–70% · 6.84% (6.86% with fees)
Inv Low Rate Essentials · owe 70–80% · 6.89% (6.91% with fees)
Inv Low Rate Essentials · owe 80–85% · 7.08% (7.10% with fees)
Inv Low Rate Essentials · owe 85–90% · 7.23% (7.25% with fees)
Inv Home Loan Variable · owe up to 90% · 9.88% (9.95% with fees)

Fixed

Inv Allium Prem 2Yr Fixed · two years · 6.97% (6.83% with fees)
Inv Premium Pack 2yr Fixed · two years · owe up to 90% · 6.99% (7.18% with fees)
Inv Allium Prem 1Yr Fixed · one year · 7.02% (6.82% with fees)
Inv Premium Pack 1yr Fixed · one year · owe up to 90% · 7.04% (7.17% with fees)
Inv Allium Prem 3Yr Fixed · three years · 7.12% (6.89% with fees)
Inv Allium Ess 3yr Fixed · three years · 7.13% (6.79% with fees)
Inv Home Loan 3yr Fixed · three years · owe up to 90% · 7.14% (8.95% with fees)
Inv Premium Pack 3yr Fixed · three years · owe up to 90% · 7.14% (7.23% with fees)
Inv Allium Ess 1yr Fixed · one year · 7.22% (6.70% with fees)
Inv Allium Ess 2yr Fixed · two years · 7.22% (6.76% with fees)
Inv Home Loan 1yr Fixed · one year · owe up to 90% · 7.24% (9.46% with fees)
Inv Home Loan 2yr Fixed · two years · owe up to 90% · 7.24% (9.21% with fees)
Inv Home Loan 5yr Fixed · five years · owe up to 90% · 7.49% (8.71% with fees)
Inv Premium Pack 5yr Fixed · five years · owe up to 90% · 7.59% (7.48% with fees)

Investment, interest only

23 rates

Variable

Allium Money Essentials Inv IO · owe up to 80% · 6.79% (6.79% with fees)
Allium Money Premium Inv IO · owe up to 80% · 6.84% (6.84% with fees)
Inv Low Rate Essentials I/O · owe 60–70% · 6.89% (6.91% with fees)
Inv Low Rate Essentials I/O · owe 70–80% · 6.89% (6.91% with fees)
Inv Low Rate Essentials I/O · owe 50–60% · 6.89% (6.91% with fees)
Inv Low Rate Essentials I/O · owe up to 50% · 6.89% (6.91% with fees)
Inv Low Rate Essentials I/O · owe 80–85% · 7.09% (7.11% with fees)
Inv Low Rate Essentials I/O · owe 85% or more · 7.19% (7.21% with fees)
Inv Home Loan Variable I/O · owe up to 90% · 10.31% (10.38% with fees)

Fixed

Inv Allium Prem 3Yr Fixed IO · three years · 7.07% (6.88% with fees)
Inv Premium Pack 3yr Fixed I/O · three years · owe up to 90% · 7.09% (7.22% with fees)
Inv Allium Prem 2Yr Fixed IO · two years · 7.12% (6.86% with fees)
Inv Premium Pack 2yr Fixed I/O · two years · owe up to 90% · 7.14% (7.21% with fees)
Inv Allium Prem 1Yr Fixed IO · one year · 7.22% (6.84% with fees)
Inv Premium Pack 1yr Fixed I/O · one year · owe up to 90% · 7.24% (7.19% with fees)
Inv Allium Ess 3yr Fixed IO · three years · 7.27% (6.83% with fees)
Inv Home Loan 3yr Fixed I/O · three years · owe up to 90% · 7.29% (9.00% with fees)
Inv Allium Ess 2yr Fixed IO · two years · 7.32% (6.78% with fees)
Inv Home Loan 2yr Fixed I/O · two years · owe up to 90% · 7.34% (9.23% with fees)
Inv Allium Ess 1yr Fixed IO · one year · 7.42% (6.73% with fees)
Inv Home Loan 1yr Fixed I/O · one year · owe up to 90% · 7.44% (9.48% with fees)
Inv Premium Pack 5yr Fixed I/O · five years · owe up to 90% · 7.59% (7.48% with fees)
Inv Home Loan 5yr Fixed I/O · five years · owe up to 90% · 7.69% (8.81% with fees)

Restricted to particular groups

Product	Who it is for	Rate
Green Plus Home Loan	a particular group only, per its published conditions	6.10%
Premium Package	a particular group only, per its published conditions	6.24%
Green Home Loan	a particular group only, per its published conditions	6.35%
Premium Package 1Yr Fixed	a particular group only, per its published conditions	6.54%
Premium Package 2Yr Fixed	a particular group only, per its published conditions	6.59%
Green Plus Home Loan IO	a particular group only, per its published conditions	6.59%
Inv Green Plus Home Loan	a particular group only, per its published conditions	6.63%
Premium Package 3Yr Fixed	a particular group only, per its published conditions	6.69%
Inv Premium Package	a particular group only, per its published conditions	6.74%
Inv Green Plus Home Loan IO	a particular group only, per its published conditions	6.75%
Green Home Loan IO	a particular group only, per its published conditions	6.80%
Inv Premium Package I/O	a particular group only, per its published conditions	6.84%

The data says a product is restricted. It never says whether you would get it. On the comparison every one of these can be put back with a click, and every figure is worked out again.

What changed

Gateway Bank last moved a rate on Thursday 29 October. Every rate is read each morning and has come back the same since.

Every lender that publishes rates, and every rate move since capture began.

Beside it

Of 93 lenders with a variable rate anyone could take for a home you live in and pay down, 7 publish a lower one than Gateway Bank's 5.94%. The nearest either side:

Homestar Finance Pty Ltd 5.93%
Broken Hill Bank 5.94%
Gateway Bank 5.94%
Bank Australia 5.95%
First Option Bank 5.99%

Does this look wrong? or could it be better

Two different things go wrong here and they are fixed in different places. If a rate on this page does not match what Gateway Bank told you, it is usually one of these.

The published data is wrong

Gateway Bank publishes these rates itself, under the Consumer Data Right. Nobody here types them in and nothing here can correct them at the source. If the feed is wrong, every comparison site reading it is wrong in the same way. Reports about a data holder's feed go to the Consumer Data Right, and published-data quality is on the ACCC's enforcement list.

Everything identifying the feed is filled in below. The one part left is what you saw.

Consumer Data Right — Product Reference Data quality

Data holder brand: Gateway Bank
ABN: 47087650093
Product Reference Data endpoint: https://public.cdr-api.gatewaybank.com.au
Data read from that endpoint on: Sunday 1 November
Rate lines published at that time: 129

What appears to be wrong:
[describe what you checked, and what the published data says]

This data is published under the Product Reference Data standard and is
available publicly, without authentication or a consumer consent.

Open the report form in a new tab ↗

The form is run by the Consumer Data Right, not by this site. Nothing you type here is sent anywhere — the text above is yours to copy.

This page reads it wrongly

The rate is published correctly and this page has misread it. A band shown against the wrong loan type, a fee counted twice, a product that should be marked restricted and is not: that one is mine. Tell me and I will fix it, and say which lender so I can find the row.

Something is missing

A figure this page should show and does not, or a lender that should be here and is not. Tell me through the feedback box. The data behind every page here is free to download if you would rather check it yourself first.

The other questions

Are you paying more than you need to? your rate against every lender publishing one
How fast should you pay it off? term, extra repayments, interest only
Don't have a loan yet? what to look at before you pick one
What does each lender advertise? every lender that publishes rates, a page each
What moved this week? which lenders changed an advertised rate
Where do these numbers come from? every published rate, and how fresh it is

Free, and not advice. It knows only what the lender publishes, not what you could negotiate. A licensed broker does this for a living. Who made this. What this site collects.