Gateway Bank Personal Loan – Variable Rate

Borrow from $3,000 up to $30,000 with terms up to 7 years. Interest rate charges and establishment fees apply.

  • Note: Greater Bank changed its name from Greater Credit Union on 1 March 2018. It will remain a member-owned mutual and all product information below is correct.

The Gateway Bank Variable Rate Personal Loan has a minimum borrowing limit of $3,000 and a maximum of $30,000. They offer terms up to 7 years. As this loan has a variable interest rate, your monthly repayments will fluctuate based on market interest rates. It can either reduce or increase, based on the market. This loan comes with a redraw facility, no monthly or annual fees and doesn’t charge for additional repayments or for exiting the loan early. The interest rate starts from 9.84% p.a., with a comparison rate of 10.87% p.a. An establishment fee of $149 applies.

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From 9.84% (variable)

Interest Rate (p.a.)

10.87%

Comparison Rate (p.a.)

$3,000

Min Loan Amount

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Details

Product NameGateway Personal Loan - Variable Rate
Interest Rate (p.a.)
From 9.84% (variable)
Comparison Rate (p.a.)10.87%
Interest Rate TypeVariable
Min Loan Amount$3,000
Max. Loan Amount$30,000

Things to consider about Gateway Bank Variable Rate Personal Loan

Some personal loans are more flexible than others, and allow you to use the loan amount to finance the things you need. The Gateway Bank Variable Rate Personal Loan is a simple loan with plenty of features. There are no monthly fees, you can choose from the range of loan amounts that are available, you can take advantage of flexible repayment options and there are no restrictions on additional repayments.

Gateway Credit Union also offers home loans, car loans and funeral loans, along with a Fixed Rate Personal Loan, if you're looking for a different borrowing option.

Features of the Gateway Bank Variable Rate Personal Loan

  • Variable rate. Enjoy a competitive variable rate of 9.84% p.a. and a comparison rate of 10.87% p.a. The variable rate can help you save money when you take advantage of low market interest rates.
  • Additional repayments. The Gateway Bank Personal Loan allows you to make additional repayments on your loan with no restrictions. This way you can pay off your loan faster and save on potential interest costs.
  • Loan amount. This personal loan offers a minimum loan amount of $3,000 and a maximum of $30,000.
  • Loan term. For the Variable Rate Personal Loan, the loan term is up to 7 years to give you the time you need to pay back the loan.
  • Redraw. With this loan you can make additional payments and then access these funds when you need them the later on. The minimum redraw amount is $250.
  • Online application. Applying for the Variable Rate Personal Loan is made easy with the online application process.

How to apply for the Gateway Bank Variable Rate Personal Loan

To get your own Gateway Bank Variable Rate Personal Loan, click 'Go to Site'. To be considered for this loan you must meet the following requirements:

  • You must be an Australian resident.
  • You must have a good credit rating.
  • You must be at least 18 years old.

You will need to have the following documentation and details ready to complete your online application:

  • Most recent payslip
  • Details of any other income or assets
  • Monthly expenses
  • Any other loans or forms of credit
  • Driver's licence details
  • Employment history for the past three years
  • Residential history for the past three years
  • A personal reference

With plenty of features and a competitive interest rate, the Gateway Bank Variable Rate Personal Loan is worth considering. If you've compared your options and decided this is the right loan for you, apply today.

Compare other personal loans

$

Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Symple Loans Personal Loan
From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10

You'll receive a variable rate from 5.75% p.a. to 25.99% p.a.

Borrow up to $50,000 and earn 1 Qantas Point for every $1 borrowed.

⭐Special Offer: Earn up to 50,000 Qantas Points with a personal loan from Symple.

Plenti Personal Loan
From 6.39% (fixed)
6.39%
$5,000
3 to 7 years
$0 to $649
$0
You'll receive a fixed rate between 6.39% p.a. and 17.89% p.a. based on your risk profile.
A flexible loan with amounts from $5,000 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.
Citi Personal Loan Plus
8.90% (variable)
9.18%
$5,000
3 to 5 years
$199
$0
You'll receive a variable rate of 8.90% p.a. with a comparison rate of 9.18% p.a. if you're approved.
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years. Note: Monthly account service fee will be waived for applications submitted before 31 January 2022.
Harmoney Unsecured Personal Loan
From 5.35% (fixed)
6.14%
$2,000
3 to 5 years
$575 ($275 for loans of below $5,000)
$0
You'll receive a fixed rate between 5.35% p.a. and 19.09% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.
Alex Bank Personal Loan
From 4.99% (fixed)
4.99%
$2,100
6 months to 5 years
$0 (Waived $295 establishment fee)
$0
You'll receive a fixed interest rate from 4.99% p.a. to 19.99% p.a. based on your risk profile
Borrow between $2,100 and $30,000 from 6 months to 5 years. Note: The $295 establishment fee will be waived for loan applications submitted by 3 November 2021.
SocietyOne Unsecured Personal Loan
From 5.95% (fixed)
5.95%
$5,000
2 to 5 years
from $0 to $595
$0
You'll receive a fixed rate between 5.95% p.a. and 19.99% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
NAB Personal Loan Unsecured Fixed
From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. (7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
NOW Finance No Fee Unsecured Personal Loan
From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
No Establishment Fee
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.

⭐ Finder Exclusive: Apply and settle a NOW Finance No Fee Unsecured Personal Loan for home improvement by 31 Dec for a chance to win a $2,000 Bunnings gift card.

OurMoneyMarket Personal Loan
From 5.45% (fixed)
6.07%
$2,001
1 to 7 years
From $250
$0
You'll receive a fixed rate from 5.45% p.a. to 20.99% p.a. based on your risk profile.
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.

⭐ Finder Exclusive: Apply before 31 October 2021 to secure a discounted rate of 5.45% p.a. (comparison rate: 6.07% p.a.) for the first 12 months on loans over $35,000. T&Cs apply.

MoneyMe Personal Loans
From 6.25% (fixed)
7.64%
$2,100
1 to 5 years
from $295 to $495
$10
You'll receive an interest rate between 6.25% p.a. and 19.95% p.a. based on your risk profile
Borrow up to $50,000 with no hidden fees or costs. Application process usually takes 5 minutes to complete and is done fully online.
Wisr Personal Loan ($5,000 to $30,000)
From 6.49% (fixed)
6.49%
$5,000
3 to 7 years
$0 - Waived Establishment Fee
$0
You'll receive a fixed rate between 6.49% p.a. and 20.95% p.a. based on your risk profile
A loan from $5,000 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.

⭐Special Offer:The $595 establishment will be waived for unsecured personal loans between $5,000 and $30,000. Offer ends 31 October 2021. T&Cs apply.

Wisr  Personal Loan ($30,001 to $64,000)
From 6.49% (fixed)
7.11%
$30,001
3 to 7 years
$595
$0
You'll receive a fixed rate between 6.49% p.a. and 20.95% p.a. based on your risk profile
A loan from $30,001 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.
Plenti Variable Rate Personal Loan
From 6.39% (variable)
6.39%
$5,000
1 to 3 years
$0 to $649
$0
You'll receive a variable rate from 6.39% p.a and 17.89% p.a. based on your risk profile
A flexible loan with amounts from $5,000 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.
NAB Personal Loan Unsecured Variable Rate
From 6.99% (variable)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a variable rate between 6.99% p.a. and 18.99% p.a. (7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
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Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 5.35% p.a. and based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 8.99% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 years to 7 years loan terms available. This loan comes with no fees for extra repayments and no early exit fees.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 5.95% p.a. and 19.99% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

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