Gateway Credit Union Personal Loans

Rates and Fees verified correct on May 23rd, 2017

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 also provides personal loans. Find out about its personal loan offerings on this page.

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

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Repayment Product Description
Gateway CU Personal Loan - Variable Rate
From 9.84% (variable)
10.87%
$3,000
1 to 7 years
$149
A variable rate personal loan with no account keeping fee.
Gateway CU Personal Loan - Fixed Rate
From 9.84% (fixed)
10.87%
$3,000
1 to 7 years
$149
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.
Gateway CU Car Loan - New Car
From 7.04% (variable)
7.24%
$3,000
1 to 7 years
$149
A low interest rate car loan with no account keeping fee.

Compare up to 4 providers

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Repayment Product Description
HSBC Personal Loan
From 9.5% (fixed)
10.06%
$5,000
1 to 5 years
$150
A competitive fixed interest rate loan with the option to make extra repayments. Min. income $30,000
Citi Personal Loan Plus
From 11.99% (variable)
12.77%
$5,000
3 to 5 years
$199 (monthly fees waived in the first year)
Borrow up to $75,000 with this personal loan offer from Citi.
CUA Discount Fixed Personal Loan (Loans over $30,000)
From 10.99% (fixed)
10.99%
$30,000
1 to 7 years
$0
Take advantage of a competitive fixed rate and no monthly fees when you borrow over $30,000
BOQ Unsecured Fixed Personal Loan
From 12.39% (fixed)
15.01%
$3,000
1 to 7 years
$150
Apply for up to $40,000 and have up to 7 years to repay your loan.
Bank Australia Lifestyle Personal Loan
From 11.89% (variable)
12.94%
$1,000
1 to 10 years
$150
A competitive variable rate loan that gives you ten years to repay.
Latitude Personal Loans (Unsecured)
From 13.99% (fixed)
15.2%
$3,000
2 to 7 years
$250 (Loans under $4000 - $140)
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.
QT Mutual Bank Personal Loan
From 12.95% (variable)
13.54%
$3,000
5 years
$395 (establishment fee)
You can use this personal loan to buy just about anything: a new boat, home renovations, a holiday or even to consolidate existing debt. Only available to Queenslanders
Bank Australia Personal Loan Property Owner
From 7.89% (variable)
8.92%
$1,000
1 to 10 years
$150
Homeowners can take advantage of a lower rate and use the funds for any purpose.
MyState Unsecured Personal Loan
From 12.99% (variable)
16.42%
$3,000
1 to 7 years
$200
Apply for up to $50,000 and make additional repayments without penalty.
CUA Discount Variable Personal Loan (Loans over $30,000)
From 10.89% (variable)
10.89%
$30,000
1 to 7 years
$0
Apply for a loan over $30,000 and enjoy a discounted interest rate
St.George Get Set Loan Personal Loan
From 17% (variable)
$5,000
$150
A revolving line of credit that lets you access your funds as and when you need to.

Compare up to 4 providers

  • 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 7 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 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 22 May 2017 at 4:54pm.

HSBC Personal Loan

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

Citi Personal Loan Plus

Borrow up to $75,000 with this personal loan offer from Citi.

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 Discount Variable Personal Loan (Loans over $30,000)

Apply for a loan over $30,000 and enjoy a discounted interest rate

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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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