Gateway CU Personal Loan – Fixed Rate

Rates and Fees verified correct on October 25th, 2016

Lock in a competitive fixed rate with an unsecured personal loan from Gateway.

Personal loans can act as a stepping stone to help you reach your financial goals. If you're thinking about getting a personal loan and are worried about budgeting for your repayments then you might want to consider a fixed rate loan. The personal loan options from Gateway Credit Union allow you to lock in a set rate that continues for the life of the loan.

The fixed rate personal loan from Gateway is also an unsecured loan, meaning that you will not need to risk a large asset such as your house or car in order to take advantage of the competitive rate. If you are interested in an unsecured fixed rate personal loan, then read on to see the competitive features of a Gateway Credit Union loan.

Things to consider

Product NameGateway CU Personal Loan - Fixed Rate
Interest Rate (p.a.)From 10.59% (fixed)
Comparison Rate (p.a.)11.63%
Interest Rate TypeFixed
Minimum Loan Term1 year
Maximum Loan Term5 years
Min Loan Amount$3,000
Max. Loan Amount$30,000
Application Fee$149
Monthly Service Fee$0


  • $0 account keeping fee to pay
  • No penalty for additional repayments


  • Minimum loan amount of $3000
  • There is a minimum redraw amount


Gateway Credit Union was awarded Credit Union of the Year at the 2012 Australian Banking and Finance Awards. They have also won two Money Magazine Awards in previous years.


This loan has various features that make it a competitive personal loan to consider. Some of the features include:

  • Low fees. This loan has no regular account-keeping fees, which can save you a considerable amount over the life of the loan.
  • Loan terms. You can borrow money for the competitive fixed rate for up to 5 year(s).
  • Loan amount. Borrowers can choose a loan amount from between $3,000 and $30,000, making this loan suitable for many purposes.
  • Repayment options. Borrowers can choose to make weekly, fortnightly or monthly principal and interest repayments throughout the life of the loan, helping to plan these repayments and incorporate them into your budget.
  • Redraw facility. Gateway offers a redraw facility that gives you a way to reduce interest by making extra repayments, but also letting you redraw this money if you need to. The minimum redraw amount is $250.
  • Additional repayments. Borrowers are also able to make unrestricted additional repayments so you can pay off your loan sooner if you are able to and you can also save on interest.

Pros and cons


  • The ability to make unrestricted additional repayments could potentially save you a considerable amount of money on interest and can give you peace of mind when you pay off your loan sooner
  • You can create a more accurate budget knowing your repayments won't fluctuate for this life of this loan


  • There's a loan establishment fee of $149 and there are also other loan contract fees which may apply
  • Gateway Credit Union only has one branch location, which may be limiting to people who prefer to bank in person

Eligibility criteria

To be eligible for the fixed rate personal loan from Gateway Credit Union you will need to be over the age of 18 and have a good credit rating. You will also need to be a permanent Australian resident or Australian citizen.

The amount of money you are able to borrow will be determined by your current financial situation and also by how likely it is that you will be able to make the repayments. It's important to plan ahead and budget when you are considering a personal loan.

How to apply

If you would like to apply for this loan you can follow the secure link on this page to Gateway Credit Union's online application form. You will need to provide the following details when you apply:

  • Personal details including your name, address and contact information
  • Your employer's name and contact information
  • Details of your finances including your income, assets, debts and current active credit accounts

If you are already a Gateway customer you are able to apply in the members online banking area. You are also able to apply by downloading a personal loan application form and sending it to Gateway Credit Union directly.

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This page was last modified on 19 May 2015 at 16:39.

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2 Responses to Gateway CU Personal Loan – Fixed Rate

  1. Default Gravatar
    Maria | January 18, 2015

    As a self-employed person, what hoops will I need to jump through?

    • Staff
      Shirley | January 19, 2015

      Hi Maria,

      Thanks for your question.

      You’ll need to be able to provide your accountant’s name, address and phone number. Your accountant will then be asked to verify your income to Gateway CU.


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