---
title: "Reverse Mortgage Lump Sum — 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/216
source: "CDR Compare"
language: en-AU
last_updated: 2026-08-27T02:00:31.3433301Z
---

# Reverse Mortgage Lump Sum — 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 Lump Sum

## At a glance

- **From (owner occupied):** 8.25% (8.33% comparison)

## Apply

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

## Interest rates

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable (Reverse Mortgage Lump Sum  (<=55% LVR)) | 8.25% | 8.33% | — |

## 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 from Gateway Bank

- [Overview](https://gatewaybank.com.au/banking/reverse-mortgages/reverse-mortgage-lump-sum/)
- [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: `216`
- Last updated by the provider: 27 August 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/gateway-bank/216
- 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/216) — 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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