Important disclosure

Gateway Bank Ltd

Personal Loan (Debt Consolidation < 50%)

Real Time Rating™

  • 1 to 7 years
  • Unsecured
  • Variable Rate
  • No ongoing fees
Interest Rate

11.59%

p.a

Comparison Rate*

12.63%

p.a

Real Time Rating™
Tags
  • 1 to 7 years
  • Unsecured
  • Variable Rate
  • No ongoing fees
Interest Rate

11.59%

p.a

Comparison Rate*

12.63%

p.a

Calculate your repayments for this loan

$

Your estimated repayment

$991

based on $30,000 loan amount for 3 years at 11.59%

Pros and cons

For Personal Loan (Debt Consolidation < 50%)

Benefits

  • No ongoing fees
  • Lower than average application fees
  • Unlimited extra repayments
  • Flexible repayment options
  • No security required
  • Can apply online

Drawbacks

  • Cannot apply in branch

Gateway Bank Rate Personal loan overview

For Personal Loan (Debt Consolidation < 50%)

Details

Total repayments

Interest rate type

Variable

Borrowing range

$3k - $30k

Security type

Unsecured

Loan term

1 to 7 years

Secured by

Loan type

Is Fully Drawn Advance

Repayment frequency

Weekly, Fortnightly, Monthly

Target Market Determination

Visit Gateway Bank Ltd to view Target Market Determination.

Features

Extra repayments

Yes

Redraw facility

redraw activation fee of $0

Instant approval

Time to funding

N/A

Fees

Upfront Fee

$149

Ongoing Fee

$0

Missed Payment Penalty

$0

Early Exit Penalty Fee

$0

Permitted Loan Purposes

New Car

Used Car

Motorcycle

Boat

Debt Consolidation

Renovation

Holidays

Medical Bill

Shares

Student Loan

Wedding

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5.76%

p.a

up to 24.03%

Comparison Rate*

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6.55%

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up to 24.99%

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Real Time Rating™
  • 1 to 7 years
  • Secured
  • Fixed Rate
  • No ongoing fees
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6.57%

p.a

up to 8.48%

Comparison Rate*

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7.19%

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up to 13.58%

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Pay no fees over the lifetime of your loan with NOW Finance. T&C’s apply.
Interest Rate

6.75%

p.a

up to 26.95%

Comparison Rate*

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6.75%

p.a

up to 26.95%

FAQs

How long are $3000 loans?

Medium amount loans can be repaid between 16 days and 2 years. Many personal loans have terms between 1 year and 5 years, though some are as short as 6 months while others last for 10 years.

Generally, the shorter a loan’s term, the more expensive your regular repayments may be, but the less total interest you’ll pay. Loans with longer terms mean more affordable repayments, but more interest charges over the full term.