Credit Union has dropped their rates

A Credit Union has dropped their rates, the variable and waived the annual fee on its award-winning home loan product, for both owner-occupier and investor borrowers.

For new applications received between 1 July 2015 and 1 August 2015, they have reduced the variable rate on its Premium Package Home Loan to 4.09% for up to 80% LVR (comparison rate of 4.37%). As part of this promotion, Gateway is also waiving the annual Premium Package fee of $299 in year one.