Gateway Bank Ltd
Finder makes money from featured partners, but editorial opinions are our own.

Gateway Bank Personal Loans

Choose between a fixed or variable rate loan. Borrowing amounts are limited, and rates and terms depend on the type of rate chosen.

No reviews yet. Write a review

Gateway Bank is a member-owned financial institution. They offer two types of unsecured personal loans, a fixed and variable rate loan. The credit limit for both loans is capped at $30,000, with a minimum loan amount of $3,000. The interest rate for its variable loan is slightly lower than the fixed loan, starting from 11.59% p.a., while for fixed it is 12.34% p.a. The maximum term for the variable rate loan is 7 years, while the fixed rate loan has a maximum term of 5 years. While there is no ongoing account keeping fee, an establishment fee of $149 applies.

Gateway Bank personal loan comparison

{"visibility":"visibilityTable","ctaLabel":"Calculate","tableCode":"AUFPL_COMPARISON_V2_TABLE","nicheCode":"AUFPL","fields":[{"name":"LOAN_AMOUNT","value":"30000","options":"","label":"Loan amount","suffix":"$","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":""},{"name":"PERIOD","value":"3","options":"","label":"Loan term","suffix":"years","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":""}]}
1 - 2 of 2
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
Gateway Personal Loan - Variable Rate
Variable1 - 7 Years $3,000 - $30,000
Interest Rate (p.a.)
11.59%
Comp. Rate (p.a.)
12.63%
Application Fee
$149
Monthly Fee
$0
Monthly Repayment
$995.48
More Info
Gateway Personal Loan - Fixed Rate
Fixed1 - 5 Years $3,000 - $30,000
Interest Rate (p.a.)
12.34%
Comp. Rate (p.a.)
13.39%
Application Fee
$149
Monthly Fee
$0
Monthly Repayment
$1,006.28
More Info
loading
Showing 2 of 2 results
{"visibility":"visibilityTable","ctaLabel":"Calculate","tableCode":"AUFPL_COMPARISON_V2_TABLE","nicheCode":"AUFPL","fields":[{"name":"LOAN_AMOUNT","value":"30000","options":"","label":"Loan amount","suffix":"$","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":""},{"name":"PERIOD","value":"3","options":"","label":"Loan term","suffix":"years","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":""}]}
1 - 10 of 10
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
Harmoney Unsecured Personal Loan
Finder award winnerFixed3 - 7 Years $2,000 - $70,000
Interest Rate (p.a.)
5.76%
to 24.03%
Comp. Rate (p.a.)
6.55%
to 24.98%
Application Fee
$275 - $575
Monthly Fee
$0
Monthly Repayment
$926.83
Go to siteMore Info
Citi Personal Loan Plus
Variable3 - 5 Years $2,000 - $55,000
Interest Rate (p.a.)
10.90%
Comp. Rate (p.a.)
11.19%
Application Fee
$199
Monthly Fee
$10
Monthly Repayment
$997.25
Go to siteMore Info
Special Offer: Monthly Fee of $10 waived for applications submitted before 30 June 2024.
NAB Personal Loan Unsecured Fixed
Fixed1 - 7 Years $5,000 - $55,000
Interest Rate (p.a.)
6.99%
to 20.49%
Comp. Rate (p.a.)
7.91%
to 21.33%
Application Fee
$150
Monthly Fee
$10
Monthly Repayment
$940.81
Go to siteMore Info
NOW Finance No Fee Unsecured Personal Loan
Finder award winnerFixed18 Months - 7 Years $5,000 - $50,000
Interest Rate (p.a.)
6.75%
to 26.95%
Comp. Rate (p.a.)
6.75%
to 26.95%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$922.89
Go to siteMore Info
OurMoneyMarket Personal Loan
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
1.50% - 6%
min. $250
Monthly Fee
$0
Monthly Repayment
$934.23
Go to siteMore Info
Latitude Variable Rate Personal Loan
Variable2 - 7 Years $5,000 - $70,000
Interest Rate (p.a.)
9.49%
to 29.99%
Comp. Rate (p.a.)
10.37%
to 30.69%
Application Fee
$0
Monthly Fee
$13
Monthly Repayment
$973.85
Go to siteMore Info
Special Finder offer: $395 establishment fee waived for approved personal loan applications submitted through Finder. Latitude may withdraw offer at any time. T&Cs apply.
ANZ Fixed Rate Personal Loan
Fixed1 - 7 Years $5,000 - $50,000
Interest Rate (p.a.)
7.49%
to 19.99%
Comp. Rate (p.a.)
8.18%
to 20.58%
Application Fee
$150
Monthly Fee
$10
Monthly Repayment
$947.71
More Info
Special Offer: For a limited time, ANZ is waiving the $150 approval fee for new borrowers or existing borrowers increasing their personal loan. Applications must be made between 14 February and 14 May 2024. Other conditions apply.
ANZ Variable Rate Personal Loan
Variable1 - 7 Years $5,000 - $50,000
Interest Rate (p.a.)
7.49%
to 19.99%
Comp. Rate (p.a.)
8.18%
to 20.58%
Application Fee
$150
Monthly Fee
$10
Monthly Repayment
$947.71
More Info
Special Offer: For a limited time, ANZ is waiving the $150 approval fee for new borrowers or existing borrowers increasing their personal loan. Applications must be made between 14 February and 14 May 2024. Other conditions apply.
ING Personal Loan
Finder award winnerFixed2 - 7 Years $5,000 - $60,000
Interest Rate (p.a.)
6.89%
to 18.99%
Comp. Rate (p.a.)
7.10%
to 19.23%
Application Fee
$150
Monthly Fee
$0
Monthly Repayment
$929.43
Go to siteMore Info
NAB Personal Loan Unsecured Variable Rate
Variable1 - 7 Years $5,000 - $55,000
Interest Rate (p.a.)
6.99%
to 20.49%
Comp. Rate (p.a.)
7.91%
to 21.33%
Application Fee
$150
Monthly Fee
$10
Monthly Repayment
$940.81
Go to siteMore Info
loading
Showing 10 of 10 results
  • Personal Loan. Renovate your home or go on holiday with a personal loan from Gateway Bank. You could borrow between $3,000 and $30,000 for your personal needs. This loan can be repaid over a period of up to 7 years. This loan could offer a debt consolidation solution for those wanting to reduce what they pay in interest.
  • Car Loan. The Car Loan package can be used to finance a new or used vehicle. Gateway has competitive interest rates for this loan, but the exact rate you will receive depends on a variety of factors. You can also access discounts on car insurance.
  • Funeral loans. If you can't cope with the unexpected costs of a funeral, consider Gateway Bank's Funeral Loan. The loan allows you to borrow funds for prepaid funerals and also lets you access additional funds without penalty.

Features and benefits of a Gateway Bank personal loan

  • No account-keeping fees. Unlike some other financial institutions that charge a minimum of $10 a month as account-keeping fees, Gateway Bank does not charge this fee for its members.
  • Loan term of up to 7 years. The repayment time frame can be extended to 7 years if you have a variable rate loan, while the limit is 5 years for fixed interest rate loans.
  • Flexible repayment schedule. Make your repayments every week, every fortnight or every month.
  • Unrestricted additional repayments. Gateway gives you the freedom to make additional repayments to save on interest costs and pay off your loan sooner.

What other products does Gateway Bank offer?

  • Home Loans. The bank has a variety of home loan packages to suit the needs of various types of home buyers.
  • Transaction Accounts. These accounts are designed to offer convenient everyday banking solutions.
  • Term Deposits. Place your savings in a term deposit account to earn higher interest rates compared to average savings accounts.

How you can apply for a personal loan from Gateway Bank

To apply for a personal loan with Gateway, just click "Go to Site" to start your application. You can either download and fill in the application form or if you are an existing member you can apply via Internet banking. The process is quick and simple. You simply need to determine the type of loan you want, the interest rate – either fixed or variable – and the amount you want to apply for.

Make sure you meet the below criteria to ensure you're eligible to apply:

  • You're at least 18 years of age
  • You're a permanent resident or Australian citizen
  • You are currently employed
  • You receive a regular income
  • You haven't declared bankruptcy or insolvency or had defaults on any loans, credit cards, interest-free finance or store cards in the last five years

Your submission should include the following documents:

  • Income. Gross and net salary information and income from shares or other sources.
  • Employment. Information regarding your employment.
  • Assets. Approximate values of any property, vehicles, savings or superannuation.
  • Liabilities. Your current loan balances, repayment amounts, credit card and overdraft limits.

Compare your loan options before deciding on the right product for you, but if a personal loan from Gateway Bank sounds like the right option for you, apply today.

More guides on Finder

Ask a Question

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

4 Responses

    Default Gravatar
    MarkAugust 16, 2014

    I am self employed but don’t have my financials completed as yet but my accountant has interim figures and has provided a letter stating my income. Is this sufficient proof of income for a PL?

      AvatarFinder
      ShirleyAugust 18, 2014Finder

      Hi Mark,

      Thanks for your question.

      This may not be enough documentation; most lenders need a copy of your tax returns as well. If you have any questions about this, please speak directly to Gateway Credit Union.

      All the best,
      Shirley

    Default Gravatar
    GerardJune 4, 2014

    Hello,
    I am looking for a $30,000, 3 year, fixed interest unsecured loan. Do I need to have an account with your credit union?

    Regards

    Gerard

      AvatarFinder
      ShirleyJune 6, 2014Finder

      Hi Gerard,

      Thanks for your question.

      You will need an account with Gateway Credit Union to be able to sign up for their products.

      To be eligible, you need to be an Australia citizen or permanent resident and have a good credit history.

      Cheers,
      Shirley

Go to site