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Gateway Bank Personal Loans

Gateway Bank offers a range of competitive personal loans – find out if they meet your financing needs.

Updated

Gateway Bank Ltd

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Gateway Bank is a member-owned financial institution that aims to offer competitive interest rates and seamless everyday banking to its customers. While perhaps known for its standard variable rate home loans, Gateway also provides personal loans. Find out about its personal loan offerings on this page.

As part of its suite of products, Gateway Bank offers a range of personal loans to its members. Whether you’re looking to buy a car, renovate your home or take a holiday, Gateway has a loan designed with you in mind.

Gateway Bank personal loan comparison

Data indicated here is updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Gateway Personal Loan - Variable Rate

From 9.84% (variable)
10.87%
$3,000
1 to 7 years
$149
$0
A variable rate personal loan with no account keeping fee.
Gateway Personal Loan - Fixed Rate

From 10.59% (fixed)
11.63%
$3,000
1 to 5 years
$149
$0
Whether you're taking a holiday, renovating your home, buying a car or need to consolidate debt, we have a personal loan to suit your needs.
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Compare up to 4 providers

Data indicated here is updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Plenti Fixed Rate Personal Loan

From 6.49% (fixed)
6.84%
$2,001
3 to 5 years
From $149 to $599
$0
You'll receive a fixed rate between 6.49% p.a. and 11.99% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.
Harmoney Unsecured Personal Loan

From 6.99% (fixed)
7.79%
$2,000
3 to 5 years
$575 ($275 for loans of below $5,000)
$0
You'll receive a fixed rate between 6.99% p.a. and 25.69% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 year terms.
OurMoneyMarket Personal Loan

From 6.75% (fixed)
6.96%
$2,001
1 to 7 years
1.5–6% of your total loan amount
$0
You'll receive a fixed rate from 6.75% 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.
Alex Personal Loan

From 6.95% (fixed)
6.95%
$2,100
6 months to 5 years
$0 (waived $295)
$0
You'll receive a fixed interest rate from 6.95% 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. Benefit from no ongoing fees. Note: The establishment fee of $295 is waived for all applications until 31 October 2020. Terms & conditions apply.
SocietyOne Unsecured Personal Loan (5 years)

From 7.99% (fixed)
7.99%
$5,000
5 years
from 0% to 5% (capped at $995)
$0
You'll receive a fixed rate between 7.99% p.a. and 20.49% 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.
SocietyOne Unsecured Personal Loan (2-3 years)

From 6.99% (fixed)
6.99%
$5,000
2 to 3 years
from 0% to 5% (capped at $995)
$0
You'll receive a fixed rate between 6.99% p.a. and 17.99% 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.
Plenti Variable Rate Personal Loan

From 5.79% (variable)
6.78%
$2,001
1 to 3 years
From $149 to $599
$0
You'll receive a variable rate from 5.79% p.a and 11.99% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.
NAB Personal Loan Unsecured Fixed

From 9.99% (fixed)
10.88%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.
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 personalised interest rate from 5.75% p.a. to 21.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
Wisr Personal Loan

From 7.95% (fixed)
8.78%
$5,000
3 to 5 years
$595 (Establishment Fee)
$0
You'll receive a fixed rate between 7.95% p.a. and 19.45% 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.
Heritage Bank Fixed Personal Loan
7.99% (fixed)
8.62%
$5,000
1 to 5 years
$200
$5
Choose a fixed rate loan and receive a comparison rate of 8.62% p.a.
Fixed rate loans are available up to $100,000 on terms from 1 to 5 years.
CUA Unsecured Fixed Rate Personal Loan
9.89% (fixed)
10.14%
$5,000
1 to 7 years
$175
$0
You'll receive a fixed rate of 9.89% p.a.
An unsecured loan from $5,000 with flexible repayments and no monthly fee.
Latitude Personal Loan (Unsecured)

From 7.99% (fixed)
9.24%
$3,000
1 to 7 years
$250 (Loans under $5000 - $140)
$13
You'll receive a fixed rate between 7.99% p.a. and 19.99% p.a. based on your risk profile
Apply for what you need from $3,000 and use it for a range of purposes. Repay weekly, fortnightly or monthly.
MoneyMe Personal Loans

From 8.99% (fixed)
10.68%
$3,001
2 to 5 years
5 - 8% of the principal borrowed, capped at $1,200
$0
You'll receive an interest rate between 8.99% p.a. and 29.99% p.a. based on your risk profile
A flexible personal loan from MoneyMe with access to cash when you need it.
NAB Personal Loan Unsecured Variable Rate

From 9.99% (variable)
10.88%
$5,000
1 to 7 years
$150
$10
You'll receive a variable rate between 9.99% p.a. and 18.99% p.a. ( 10.88% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes. Benefit from fee-free additional repayments and a redraw facility. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.
CUA Unsecured Variable Personal Loan
11.89% (variable)
12.15%
$5,000
1 to 7 years
$175
$0
You'll receive a variable rate of 11.89% p.a.
Borrow from $5,000 with the option for flexible repayments and no monthly fees.
Heritage Bank Standard Variable Personal Loan
11.99% (variable)
12.61%
$5,000
1 to 10 years
$200
$5
Choose a variable rate loan and receive a 12.61% p.a. comparison rate
Variable rate loans are available from $5,000 - $100,000 on terms of 1 to 10 years.
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Compare up to 4 providers

  • 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.

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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 6.99% p.a. and 25.69% 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.

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

You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 20.49% 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.

Logo for Pepper Money Unsecured Fixed Rate Personal Loan
Pepper Money Unsecured Fixed Rate Personal Loan

You'll receive a fixed rate between 6.95% p.a. and 17.95% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Make additional repayments or pay off the loan early, penalty-free.

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4 Responses

  1. 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 Customer Care
      ShirleyAugust 18, 2014Staff

      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

  2. 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 Customer Care
      ShirleyJune 6, 2014Staff

      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

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