Gateway Credit Union personal loans

Gateway Credit Union
Gateway Credit Union's overall rating for personal loans

(as rated by the Mozo community)

9.0 / 10

based on 2 reviews

Gateway Credit Union has been around for over 60 years, and started as just one man with a briefcase. It’s come a long way since then, and today offers its members competitive loan products and personalised service.

So if you want to borrow from a credit union where you’re a member and the staff know your name, then check out the personal loan options from Gateway Credit Union.

Gateway Credit Union offers the following personal loans

Rates and fees verified as correct at 01 March, 2018. Other information correct at the time of writing.

Product Interest rate from Comparison rate from* Upfront fee

11.74% p.a.



New Car Loan (Variable)
Gateway Credit Union

7.04% p.a.

7.25% p.a.based on $30,000
over 5 years


Unsecured Personal Loan (Fixed)
Gateway Credit Union

10.59% p.a.

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


Unsecured Personal Loan (Variable)
Gateway Credit Union

9.84% p.a.

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


9.74% p.a.

9.95% p.a.based on $30,000
over 5 years


7.94% p.a.

8.15% p.a.based on $30,000
over 5 years


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What personal loans does Gateway Credit Union offer?

New car loan

That shiny new car has your name on it, and a Gateway Credit Union new car loan means you could have it in your garage in no time. This is a variable rate loan, available for up to $50,000, 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 $50,000 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.

Unsecured personal loan

When you choose an unsecured personal loan from Gateway Credit Union, 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, paying your whole loan off before the term is up could incur a penalty fee. And don’t forget to budget for the application fee.


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. Don’t forget to factor the upfront application fee into your budget!

Gateway Credit Union personal loan features at a glance

Flexible repayment schedule: You can make your Gateway Credit Union loan repayments weekly, fortnightly or monthly, so that you can tailor your schedule to fit your budget.

Extra repayments: Speaking of repayments - you’ll have the option to make as many free additional repayments on your loan as you like. That way, you can pay it off faster and save on interest. But remember, if you chose a fixed rate loan, there may be a penalty for paying the whole thing off early.

Free redraw facility: Find yourself needing some of those funds back in your pocket? No worries - you can make use of the free redraw facility.

Fees: Although there is an application fee to consider, the good news is there are no ongoing service fees when you take out a personal loan with Gateway Credit Union. 

Gateway Credit Union customer reviews

So now you know the facts, it’s time to find out what Gateway Credit Union customers think of their personal loan experience. Head over to our customer review section to see how Gateway stacks up in areas like trust, customer service and price.

How to apply

When you’re ready to apply for a personal loan with Gateway Credit Union, 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 Credit Union. To do this, you’ll have to fill in the application and pay for a small membership share.

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