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Gateway Bank Unsecured Personal Loan

Advertiser disclosure

The details shown below are for a variable loan between $3,000 and $30,000

The details shown below are for a fixed loan between $3,000 and $30,000

Choose the version of this loan that suits you best

  • Loan: $3,000 $30,000

  • Loan: $3,000 $30,000

Interest rate from
9.84% p.a.
Comparison rate from
10.87% p.a.based on $10,000
over 3 years
Upfront fee
$149
Interest rate from
10.59% p.a.
Comparison rate from
11.63% p.a.based on $10,000
over 3 years
Upfront fee
$149

Mozo editorial review Gateway Bank Unsecured Personal Loan - last updated: 2 April 2020

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What's hot
  • Variable rates from 9.87% (10.87% comparison rate*)
  • No ongoing fees
What's not
  • $149 upfront fee
Mozo snapshot

If you’d like to borrow from a member-owned lender that puts customers first, then look no further than the Gateway Bank Unsecured Personal Loan (Variable). With variable rates from 9.87% (10.87% comparison rate*) and no ongoing fees, this could be the budget-friendly personal loan you've been looking for! 

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Key features

Whether you’re looking to fund your dream wedding or finally get started on that kitchen reno, the Gateway Bank Unsecured Personal Loan (Variable) might be the answer. With a variable rate from 9.87% (10.87% comparison rate*), you’ll be able to borrow up to $30,000 to repay over 1 to 7 years.

As this loan is unsecured, you won’t have to provide an asset as security. Plus, there’s no ongoing fees and you have the option to make free extra repayments, helping you get out of debt fast. And if you ever need to withdraw any of these additional repayments, you’ll be able to do it with ease, thanks to the free redraw facility.

You’ll also be able to repay your loan on either a weekly, fortnightly or monthly basis. However, one thing you should keep in mind is the $149 upfront fee.

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Who is it good for

The Gateway Bank Unsecured Personal Loan (Variable) is a great choice for borrowers looking for an alternative to a big bank, offering a competitive loan with plenty of features.


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Any catches

Aside from the $149 upfront fee that you’ll need to factor into your budget, in order to have access to the loan, you will have to become a Gateway Bank member, which may also mean paying a small fee.



Details

Rates and fees information correct as at 22 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Variable

9.84% p.a.variable

10.87% p.a.based on $10,000
over 3 years

Fees

$149.00

$0.00

$0.00

n/a

$0.00

Other financial bits

$3,000.00

$30,000.00

1 Year

7 Years

Unsecured

Features

Weekly, Fortnightly, Monthly

yes

yes

none

none

WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Details

Rates and fees information correct as at 22 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Fixed

10.59% p.a. fixed

11.63% p.a.based on $10,000
over 3 years

Fees

$149.00

$0.00

$0.00

n/a

$0.00

Other financial bits

$3,000.00

$30,000.00

1 Year

5 Years

Unsecured

Features

Weekly, Fortnightly, Monthly

yes

yes

none

none

WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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