Reverse Mortgage Lump Sum
Reverse Mortgage Lump Sum
Category: Overdrafts Last Updated November 22, 2025 Effective December 22, 2025
General Lending Rates
Rates listed below are for a VARIABLE Owner Occupied Interest Only product. Additional Information Reverse Mortgage Lump Sum (<=55% LVR)
Interest Rate
7.90% PA
7.90% PA
Comparison Rate
7.98%PA*
7.98%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Eligibility
- Min Age - 65.
Bank Fees and Charges
- Cheque Withdrawal Fee (Event), Amount: 10.00.
- Quickdebit Dishonour Fee (Event), Amount: 15.00.
- Split Fee (Upfront), Amount: 99.00.
- Switch Fee (Event), Amount: 125.00.
- Settlement Fee (Upfront), Amount: 995.00.
Limitations & Restrictions (Constraints)
- Max Limit of 5000000.00
- Max Lvr of 55.00 Additional Information: 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
- Min Limit of 50000.00
Document Downloads
gateway-loan-fees-and-charges.pdf (130.1 KB)
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