---
title: "Reverse Mortgage Access — Gateway Bank"
description: "Overdrafts from Gateway Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/gateway-bank/products/171
source: "CDR Compare"
language: en-AU
last_updated: 2026-08-27T02:00:31.3433301Z
---

# Reverse Mortgage Access — Gateway Bank

> Overdrafts from Gateway Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Overdrafts**

Reverse Mortgage Access

## At a glance

- **From (owner occupied):** 8.49% (8.57% comparison)

## Apply

Applications are handled by the provider: [Apply at Gateway Bank](https://gatewaybank.com.au/banking/reverse-mortgages/reverse-mortgage-access/)

## Interest rates

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable (Reverse Mortgage Home Loan (<=55% LVR)) | 8.49% | 8.57% | — |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Settlement Fee — Settlement Fee includes application, legal and standard valuation fees (if property valued under $1m in metro locations and $500k in regional locations with a maximum land area of 2.2ha/5acres) Any additional valuation costs incurred for a non-standard property is payable in addition to the Settlement Fee | Upfront | $995.00 |
| Top-Up Fee — Payable at settlement when increasing loan borrowings | Event | $200.00 |
| Switch Fee — Switch Fee | Event | $150.00 |
| Security Variation	 — Payable if Gateway agrees to vary the security on an existing loan | Event | $200.00 |
| Discharge Fee - First Security — Discharge Fee - First Security | Exit | $300.00 |
| Discharge Fee - Per Additional Security — Discharge Fee - Per Additional Security | Exit | $95.00 |
| Valuation Fee — 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 | Upfront | $0.00 |
| Additional Valuation Fee — Payable at cost if we or you decide to obtain an additional valuation report (which we may do at any time) | Event | $0.00 |
| Additional Repayment Fee — Ongoing Repayments are optional, and you may repay the loan at any time. Nil for Reverse Mortgages. | Transaction | $0.00 |
| Monthly Account Fee — Charged monthly · No ongoing monthly fee. Nil for Reverse Mortgages. | Ongoing | $0.00 |

## Features

- **Card access** — Link a Gateway Visa Card, giving you the freedom of EFTPOS and ATMs across Australia (Link a Gateway Visa Card, giving you the freedom of EFTPOS and ATMs across Australia)
- **Digital banking** (Access is available to online banking features for the product)
- **Unlimited transactions** (Unlimited extra repayments)

## Eligibility

- **Minimum age** — 18 years

## Constraints

- **Maximum limit** — $2,000,000.00
- **Maximum LVR** — 5500% (The max LVR is 20% with an age of 65. The maximum LVR of a reverse mortgage increases 1% with each year of the borrower's age)
- **Minimum limit** — $50,000.00

## More information from Gateway Bank

- [Overview](https://gatewaybank.com.au/banking/reverse-mortgages/reverse-mortgage-access/)
- [Terms & conditions](https://www.gatewaybank.com.au/important-information)
- [Fees & pricing](https://www.gatewaybank.com.au/media/tpnjx0rz/gateway_loan-fees-and-charges.pdf)

## Data provenance

- Published by Gateway Bank under the Consumer Data Right
- Product ID: `171`
- Last updated by the provider: 27 August 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/gateway-bank/171
- Provider page: https://www.cdrcompare.au/brands/gateway-bank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000132

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/gateway-bank/products/171) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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