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Gateway Bank · Overdrafts
Reverse Mortgage Access
Gateway Bank's Reverse Mortgage Access is a overdraft. The figures are the ones Gateway Bank publishes under the Consumer Data Right today. The advertised rate last moved on 13 October 2026, up from 8.49% to 8.74%.
Advertised rate
8.74%
headline tier
Comparison rate
8.82%
as published
Last moved
+0.25pp
13 October 2026
Advertised rate, last 30 days. Between 8.49% and 8.74% over the last 30 days.
Every current rate (1)
| Tier | Rate | Comparison |
|---|---|---|
| Variable, Owner occupier, Interest only, LVR up to 55% | 8.74% | 8.82% |
Rate moves, last 30 days
- 13 October 2026: Variable, Owner occupier, Interest only, LVR up to 55% lifted 0.25pp, from 8.49% to 8.74%.
Published fees
| Fee | Amount |
|---|---|
| Settlement Feeupfront: Settlement Fee includes application, legal and standard valuation fees (if property valued under $1m in metro locations and $500k in regional locations with a | $995 |
| Top-Up Feewhen it happens: Payable at settlement when increasing loan borrowings | $200 |
| Switch Feewhen it happens: Switch Fee | $150 |
| Security Variationwhen it happens: Payable if Gateway agrees to vary the security on an existing loan | $200 |
| Discharge Fee - First Securityon exit: Discharge Fee - First Security | $300 |
| Discharge Fee - Per Additional Securityon exit: Discharge Fee - Per Additional Security | $95 |
| Valuation Feeupfront: This fee may be payable at cost if the mortgaged property is valued at over $1 million in metropolitan locations and over $500,000 in regional locations | $0 |
| Additional Valuation Feewhen it happens: Payable at cost if we or you decide to obtain an additional valuation report (which we may do at any time) | $0 |
| Additional Repayment Feeper transaction: Ongoing Repayments are optional, and you may repay the loan at any time. | $0 |
| Monthly Account Feerecurring: No ongoing monthly fee. | $0 |
Other Gateway Bank overdrafts
Edge Account 2.25%Reverse Mortgage Lump Sum 8.50%EquitiSmart Home Loan 9.75%Inv EquitiSmart Home Loan 10.37%Edge Overdraft 11.74%
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