Gateway Credit Union Personal Loans

Rates and Fees verified correct on December 3rd, 2016

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

Gateway Credit Union 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 has also received awards for its service, and it receives a high satisfaction rating from members.

As part of its suite of products, Gateway Credit Union 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 Credit Union personal loan comparison

Rates last updated December 3rd, 2016
$
Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Repayment
Gateway CU Personal Loan - Variable Rate
A variable rate personal loan with no account keeping fee.
From 9.84% (variable) 10.87% $3,000 1 to 7 years $149 More
Gateway CU Personal Loan - Fixed Rate
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.
From 10.59% (fixed) 11.63% $3,000 1 to 5 years $149 More
Gateway CU Car Loan - New Car
A low interest rate car loan with no account keeping fee.
From 7.04% (variable) 7.25% $3,000 1 to 7 years $149 More
Rates last updated December 3rd, 2016
$
Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Repayment
HSBC Personal Loan
A competitive fixed interest rate loan with the option to make extra repayments. Min. income $30,000
From 11.99% (fixed) 12.54% $5,000 1 to 5 years $150 Go to site More
Latitude Personal Loans (Unsecured)
An unsecured loan designed for multiple purposes – renovating, buying a car or travelling. Funds can be in your count in as little as 24 hours.
From 13.99% (fixed) 15.2% $3,000 2 to 7 years $250 (Loans under $4000 - $140) Go to site More
CUA Fixed Rate Personal Loan
A competitive fixed-rate loan with flexible repayments that can help you consolidate debt or make a large purchase.
From 11.99% (fixed) 11.99% $1,000 1 to 7 years $0 Go to site More
ANZ Fixed Rate Personal Loan
A flexible loan option that lets you pay off your debt, buy a car, fix up your house or cover travel costs.
From 13.95% (fixed) 14.81% $5,000 1 to 7 years $150 Go to site More
MoneyPlace P2P Loan
Interest rates from 8.90% p.a to 17.25% p.a. Comp rates from 8.90% p.a to 19.01% p.a depending on your credit score.
From 8.9% (fixed) 8.9% $5,000 3 to 5 years 0% - 3.75% of loan amount Go to site More
RateSetter Personal Loan
Ratesetter allow you to get a personalised rate based on your credit score.
From 9.42% (fixed) 9.42% $2,001 0.5 to 5 years $0 (fees may be charged) Go to site More
NOW FINANCE Personal Loans
Get rewarded with a low interest rate for your good credit history.
From 9.95% (fixed) 11.41% $4,000 1.5 to 7 years $395 (Based on $10,000) Go to site More
RACQ Unsecured Loan
An unsecured personal loan that lets you borrow funds for what you need. Repay the loan on terms up to seven years.
From 13.95% (fixed) 14.52% $5,000 1 to 7 years $378 Go to site More
CUA Variable Rate Personal Loan
Enjoy a competitive interest rate, flexible repayment options and no monthly fees.
From 12.99% (variable) 12.99% $1,000 1 to 7 years $0 Go to site More
St.George Get Set Loan Personal Loan
A revolving line of credit that lets you access your funds as and when you need to.
From 17% (variable) $5,000 $150 Go to site More
ANZ Variable Rate Personal Loan
A variable rate loan that lets you make and redraw additional repayments.
From 14.69% (variable) 15.55% $5,000 1 to 7 years $150 Go to site More
  • Personal Loan. Renovate your home or go on holiday with a personal loan from Gateway Credit Union. 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 Credit Union'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 Credit Union personal loan

  • No account-keeping fees. Unlike some other financial institutions that charge a minimum of $10 a month as account-keeping fees, Gateway Credit Union 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 Credit Union offer?

  • Home Loans. The credit union 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 Credit Union

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 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 Credit Union sounds like the right option for you, apply today.

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This page was last modified on 15 February 2016 at 16:40.

HSBC Personal Loan

A competitive fixed interest rate loan with the option to make extra repayments. Min. income $30,000

Latitude Personal Loan (Secured)

Can be used for whatever purpose: renovating, buying a car, booking a holiday. Funds can be in your account in as little as 24 hours.

CUA Variable Rate Personal Loan

Enjoy a competitive interest rate, flexible repayment options and no monthly fees.

SocietyOne Unsecured Personal Loan

Interest rates range from 7.9% p.a. to 24.25% p.a. Comp rate from 9.58% p.a. to 27.99% p.a. depending on your credit score

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4 Responses to Gateway Credit Union Personal Loans

  1. Default Gravatar
    Mark | August 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?

    • Staff
      Shirley | August 18, 2014

      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
    Gerard | June 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

    • Staff
      Shirley | June 6, 2014

      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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