| Product | Interest rate from | Comparison rate from | Upfront fee |
|---|---|---|---|
| Car Loan (Variable, Secured) |
7.69% p.a. |
7.90% p.a.based on $30,000 |
$149.00 |
| Eco Personal Loan (Variable, Unsecured) |
6.44% p.a. |
7.45% p.a.based on $10,000 |
$149.00 |
| Edge Overdraft (Variable, Unsecured) |
13.49% p.a. |
n/a |
$149.00 |
| Green Car Loan (Variable, Secured) |
6.44% p.a. |
6.65% p.a.based on $30,000 |
$149.00 |
| Unsecured Personal Loan (Variable) |
11.59% p.a. |
12.63% p.a.based on $10,000 |
$149.00 |
New car loan
That shiny new car has your name on it, and a Gateway Bank new car loan means you could have it in your garage in no time. This is a variable rate loan, available for up to $75,000, for terms ranging between 1 and 7 years. The car you’re buying will go up as security on this loan. There are flexible features like the free redraw facility and free extra repayments to help pay off your loan faster, but don’t forget to budget for the upfront fee.
Used car loan
If you’ve got your eye on a second-hand set of wheels, there are loan options for cars both under and over 5 years old. These variable rate loans are available for up to $75,000 and for terms up to 7 years. They do come with an application fee to budget for, but you’ll get the chance to make free extra repayments and use the free redraw facility, as well as choosing a weekly, fortnightly or monthly repayment schedule to manage your budget how you want. This loan also won a 2023 Mozo Experts Choice Award for Best Used Car Loan.
Unsecured personal loan
When you choose an unsecured personal loan from Gateway Bank, you can borrow up to $30,000 to spend on whatever your heart chooses - be it a much deserved holiday or a kitchen reno. There are fixed and variable rate options, and each gives you the option of making free extra repayments and using a free redraw facility. Just remember that on the fixed rate option, loan terms only go up to 5 years, where with the variable option you can borrow for up to 7 years.
Overdraft
Are you financially ready for all the little speed bumps life might throw at you? If your emergency fund is not what it could be, an overdraft from Gateway could put your mind at ease. This is an unsecured, variable rate loan that will let you borrow up to $20,000. You can pay it back on a weekly, fortnightly or monthly basis, and you’ll have the option to make extra repayments and use the free redraw facility.
When you’re ready to apply for a personal loan with Gateway Bank, you’ll need to supply your personal details and information about your finances, such as your income, assets and debts.
You can apply for the loan without becoming a member, but for it to
be approved and for you to receive the money, you will need to become a
member of Gateway Bank. To do this, you’ll have to fill in the
application and pay for a small membership share.
Mozo users have rated Gateway Bank personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
Easy to lodge, great customer support, and quick to come through. 10/10.
Read full reviewEasy to lodge, great customer support, and quick to come through. 10/10.
Competitive rate friendly staff minimal paperwork.
Read full reviewCompetitive rate friendly staff minimal paperwork.