Gateway Bank Unsecured Personal Loan

This product is available in different versions. Pick the right version for you here.

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

9.84% p.a.

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

$149

Gateway Bank Unsecured Personal Loan

9.84% p.a.

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

$149

10.59% p.a.

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

$149

Gateway Bank Unsecured Personal Loan

10.59% p.a.

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

$149

Mozo Review   Gateway Bank Unsecured Personal Loan Review

Last updated: 16 November 2018.

What's hot:
  • Mozo 2018 Expert’s Choice winner

  • 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 who puts customers first, then look no further than the Gateway Bank Unsecured Personal Loan (Variable). Along with a variable rates from 9.87% (10.87% comparison rate*) and no ongoing fees, this loan also took out a 2018 Mozo Experts Choice Award for Unsecured Personal Loan!

Key features:

Whether you’re looking to fund your dream wedding or finally start 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.

Who it's 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.


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 17 July 2019. 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

*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. WARNING: 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 17 July 2019. 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

*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. WARNING: 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.

Customer Reviews

How are Gateway Bank personal loans rated by the Mozo community?

Overall customer rating
7.3/10
Price
7.0/10
Features
7.0/10
Customer service
7.5/10
Convenience
8.0/10
Trust
8.0/10

Latest reviews of Gateway Bank Unsecured Personal Loan

  • Overall
    6/10
    Hope what they say

    Seems to be ok

    Seems to be ok

    Price
    6/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    10/10
    Trust
    5/10

    Leesa | Victoria

    reviewed over 3 years ago

  • Overall
    8/10
    Again great customer service

    Competitive rate friendly staff minimal paperwork.

    Competitive rate friendly staff minimal paperwork.

    Price
    8/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10

    Jason | New South Wales

    reviewed over 5 years ago

Gateway Bank

About Gateway Bank

Gateway Bank is a deposit taking institution that is open to all Australians, who in turn will receive the excellent service and value from Gateways' products. Gateway Bank has a comprehensive range of products in home loans, term deposits, personal loans, kids savings accounts, car loans, everyday banking accounts, savings accounts and debit cards.

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