Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of .

Gateway Bank, originally named Gateway Credit Union in 1955, was formed by a group of staff from one of Australia’s largest banks who had a vision of creating a co-operative loans society. What started with a briefcase and a receipt book has grown to a membership of more than 30,000 across Australia. The bank now offers its members a broad range of award-winning financial products and services which are all especially intended to help its members prosper. Its mission is to provide its members with high value, low cost financial services and loans.

Gateway Bank has one branch located in its Sydney head office. Borrowers outside Sydney can contact the bank by calling the customer support number during business hours, Monday to Friday. There is an additional hotline for lost or stolen cards, as well as a telephone banking hotline. Gateway members have access to online banking and the Gateway 2go mobile banking app.

Gateway Bank offers a range of home loans, car loans, personal loans, funeral loans, overdrafts, banking products and flexible insurance options to suit your needs. In terms of home loans, it offers premium home loan packages with no establishment fee and all the extras, low rates and fees with hands-on home loan options and granny flat loans with redraw options.

The bank’s home loans has won a number of awards, including Money Magazine’s Best of the Best award in 2015, the Canstar Outstanding Value award in 2015 and 2017, and the Mozo Experts Choice Award from 2015 to 2018.

Decided that a Gateway Bank home loan is right for you? Because Gateway is a member-owned institution, to get your hands on a home loan, you will need to become a member first. The form to do this is the same one you will use to apply for your home loan, plus you will need to provide photo ID and pay a small membership fee.

When you fill out a Gateway Bank home loan application, you should have some details at hand, including:

  • What kind of loan you are applying for
  • The estimated value of the property you are buying
  • Your personal information such as address and contact details
  • Proof of identification (if you are new to Gateway) – Medicare card plus either your driver’s licence or passport
  • Details about your employment – including position and salary
  • Your financial position – including any debts, assets and liabilities you currently have