New Car Loan

Dreaming of driving away in that brand new car you saw in the showroom? Wary of dealership loans and ‘drive now and pay later’ deals? We have the answer – avoid haggling with salespeople and take out a New Car Loan with Gateway Bank instead.

Our New Car Loan, for cars up to 12 months old, offers competitive interest rates and flexible loan terms up to 7 years. Plus, to help you save even more money, as a Gateway member you can receive a discount on your car insurance premium with CGU Car Insurance.

Want more value? If you’d rather avoid the stress of dealerships all together, you can take advantage of our FREE car broker service, that can help you find the perfect car for your budget. Simply arrange a call back to organise a broker, and drive away in your new car sooner.


  • Make extra repayments without penalty
  • No deposit required
  • $3,000 minimum loan amount
  • Discount on Premiums if you apply for your car insurance online through CGU Insurance
  • No ongoing fees and free redraw facility
Up to 12 months 7.04 % p.a. Interest rate 7.25 % p.a. Comparison rate

Product Features:

Car & Personal Loans
Establishment Fee : $149
Monthly Fee : $0
Annual Fee : $0
Discharge Fee : $0
Minimum Amount : $3,000
Maximum Amount : $50,000
Maximum Term (Years) : 7
Redraw Facility : Yes
Redraw Fee : $0
Additional Repayments Accepted : Yes
Additional Repayments Fee : $0
Periodic Payments : Yes
ATM/EFTPOS Access : No
Branch Access : Yes

So many personal loans, so little time?

Compare all our personal loans to find your best fit.

How much will my repayments be?

Rates advertised apply to principal and interest repayment types only. Gateway reserves the right to vary these interest rates at any time. Applications for finance are subject our standard credit assessment criteria. Full terms and conditions are included in the loan offer. Fees and charges apply.

Comparison rate is calculated based on a secured loan amount of $30,000 over a 5 year term. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.