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Gateway Bank Green Plus Home Loan

Advertiser disclosure
The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan of at least $150,000 with an LVR below 80%

Choose the version of this loan that suits you best

Availability Loan type LVR Min loan amount Max loan amount
Owner Occupier Principal & Interest < 80% $150,000
Investor Principal & Interest < 80% $150,000
  • Owner Occupier (Principal & Interest)
    LVR < 80%
    Loan: $150,000
  • Investor (Principal & Interest)
    LVR < 80%
    Loan: $150,000
Rate
5.95% p.a.
Comparison Rate
6.23% p.a.
Service fee
$299.00 yearly
Upfront fee
$0
Rate
6.20% p.a.
Comparison Rate
6.47% p.a.
Service fee
$299.00 yearly
Upfront fee
$0

Mozo editorial review Gateway Bank Green Plus Home Loan - last updated: 21 March 2024

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What's hot
  • 5.95% p.a. (6.23% p.a. comparison rate*)
  • Free extra repayments and redraw facility
  • 100% offset account available
What's not
  • $299 yearly service fee
  • $300 discharge fee
Mozo snapshot

For those who are looking to reduce their home’s environmental impact, Gateway Bank’s Green Plus Home Loan offers reduced rates and a range of handy features, including an offset account, free extra repayments, and access to a redraw facility. And if you're keen on a a loan that supports sustainable developments, you'll be happy to know that this mortgage from Gateway is a top performer in it's class.

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Key features

The Green Plus Home Loan from Gateway Bank rewards borrowers who are looking to buy, refinance, build or upgrade to an energy efficient home. So long as your property scores at least 7 stars under the Nationwide House Energy Rating Scheme (NatHERS) or Residential Efficiency Scorecard, you could be looking at variable rates as low as 5.95% p.a. (6.23% p.a. comparison rate*), along with a range of handy features to make your home loan journey as smoothly as possible.

That includes the ability to make free extra repayments, access a redraw facility, and hedge against interest rate changes by splitting your loan. The 100% offset account is also a welcome addition, allowing borrowers to save by reducing the balance on which interest is charged. Funds are also available to access 24/7 via the linked Visa Eco Debit card.

snapshot
Who is it good for

This home loan could be a good fit for those looking for a full featured home loan with competitive rates to reward their efforts to protect the environment.

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Any catches

You will need to provide a certificate from an accredited NatHERS or Residential Efficiency Scorecard assessor showing a rating of 7 stars or higher in order to be eligible. A few fees will apply, including a $299 yearly service fee and a $30 discharge fee.

Details

Rates and fees information correct as at 20 June 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

5.95% p.a.

n/a

n/a

n/a

6.23% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$299.00 yearly

$300.00

Other financial bits

$150,000

none

none

80.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$500.00

yes

yes

Properties must have three environmental features or a Residential efficiency rating of 7 stars. A $95 fee applies for each security discharge in addition to the first. A valuation fee may apply if non-standard or more than one security is used.

none

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 20 June 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

6.20% p.a.

n/a

n/a

n/a

6.47% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$299.00 yearly

$300.00

Other financial bits

$150,000

none

none

80.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$500.00

yes

yes

Properties must have three environmental features or a Residential efficiency rating of 7 stars. A $95 fee applies for each security discharge in addition to the first. A valuation fee may apply if non-standard or more than one security is used.

none

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Customer Reviews

How are Gateway Bank home loans rated by the Mozo community?

Overall
7.8/10
Price
8.7/10
Features
7.8/10
Customer service
8.5/10
Convenience
7.1/10
Trust
8.8/10
Based on 24 Gateway Bank home loan reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

About Gateway Bank

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6.24% p.a. variable

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6.12% p.a.

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5.99% p.a.

5.90% p.a.

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6.14% p.a.

6.16% p.a.

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Variable Home Loan 90

6.04% p.a.

6.06% p.a.

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Police Credit Union

The Better Home Loan (Special Offer)

6.14% p.a.

6.14% p.a.

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5.99% p.a.

6.01% p.a.

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6.09% p.a.

6.20% p.a.

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6.14% p.a.

6.17% p.a.

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6.14% p.a.

6.39% p.a.

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6.04% p.a.
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6.15% p.a.

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6.20% p.a.

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6.54% p.a.
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6.38% p.a.

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5.99% p.a.
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6.41% p.a.

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Fixed Rate Loan (with Orange Advantage)

5.99% p.a.
fixed 3 years

6.12% p.a.

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Basic Home Loan (Fixed)

6.35% p.a.
fixed 3 years

6.26% p.a.

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Express Home Loan (Fixed)

6.54% p.a.
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6.38% p.a.

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6.59% p.a.
fixed 3 years

7.06% p.a.

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5.90% p.a.

5.93% p.a.

$0.00

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5.94% p.a.

5.99% p.a.

$0.00

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

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