The $2,000 cashback deal comes attached to two home loans:

  • Green Plus: 2.34% p.a. advertised rate (2.68% p.a. comparison rate*)
  • Green: 2.44% p.a. advertised rate (2.78% p.a. comparison rate*)

Both come with a 100% offset account, however the former is for home loans that attain a 7-star 'NatHERS' energy efficiency rating, while the latter is for borrowers making a minimum of three environmental upgrades to their home, such as solar panels, water storage or double-glazed windows.

These home loans are for owner occupiers paying principal & interest with a maximum loan-to-value ratio of 80%.

The cashback offer is available from 20 September to 31 December, with funding to be completed by 31 March 2022.

"There’s a fast-growing market segment who want to reduce their home's impact on the environment, and are borrowing to add energy efficient features, or to buy a new home with those built in," said Lexi Airey, Gateway Bank's CEO.

On Thursday Gateway Bank also cut rates on a number of its investor home loans, with a couple cut by up to 43 basis points.

Gateway Bank joins a chorus of other lenders offering discounts and special 'green' home loans for those upgrading their home or buying a new energy-efficient one. 

However, in August a CEO of a non-bank lender warned borrowers about cashback offers, saying the fundamentals remain - to always check the advertised and comparison rates.


Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.

Update resultsUpdate
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkCompare
6.04% p.a.
6.06% p.a.
Principal & Interest
Featured 4.6 Star Customer Ratings
  • No monthly or ongoing fees
  • Unlimited free redraw
  • No application fee
5.99% p.a.
5.90% p.a.
Principal & Interest
Featured Apply In Minutes
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
6.14% p.a.
6.16% p.a.
Principal & Interest
Featured Unlimited Redraws
  • No annual fees - None!
  • Get fast pre-approval
  • Unlimited additional repayments free of charge
  • Redraw freely - Access your additional payments when you need them
  • Home loan specialists available today
Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of . View disclaimer.

Photo by Harrison Astbury

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