Important disclosure
Calculate your repayments for this loan
Your estimated repayment
$909
based on $30,000 loan amount for 3 years at 5.75%
Pros and cons
For Eco Personal Loan
Benefits
- Interest rates ranked in the best 20%
- Lower than average application fees
- Unlimited extra repayments
- Flexible repayment options
- No security required
- Can apply online
- Green loan
Drawbacks
- Cannot apply in branch
Gateway Bank Rate Personal loan overview
For Eco Personal Loan
Details
Total repayments $32,733 | Interest rate type Variable |
Borrowing range $3k - $30k | Security type Unsecured |
Loan term 1 to 5 years | Secured by |
Loan type | 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 |
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.