Reverse Mortgage Lump Sum
OverdraftsData Sharing Status
Reverse Mortgage Lump Sum
- From (owner occupied)
- 8.4%
- 8.48% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Reverse Mortgage Lump Sum (<=55% LVR) | 8.4% | 8.48% | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Cheque Withdrawal Fee | Event | $10.00 |
| QuickDebit Dishonour Fee | Event | $15.00 |
| Split Fee | Upfront | $99.00 |
| Switch Fee | Event | $150.00 |
| Settlement Fee | Upfront | $995.00 |
Eligibility
- Minimum age — 65 years
Constraints
- Maximum limit — $5,000,000.00
- 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
Published by Gateway Bank under the Consumer Data Right · Last updated 1 July 2026 · Product ID 216 · View on CDR.gov.au