When life throws you a surprise, it’s good to stay flexible.

A Personal Loan can be a great way to help you achieve your goals faster. It doesn’t matter if you need help with upgrading your home with new furniture or a renovation, needing to make some emergency repairs after some bad weather, or wanting to consolidate multiple expensive debts into one simple repayment, Gateway’s range of personal loans could help you manage a large planned or unexpected expense.

A Gateway Bank Variable Rate Personal Loan provides flexibility and convenient access to funds when you need them. Gateway’s Variable Personal Loan is different from many other loans in the market, as there are no ongoing monthly account keeping fees to add to your repayments. It also enables you to make unlimited additional repayments with no penalty, helping you to pay off the loan faster and reduce the interest you pay over the life of the loan. Plus, a free redraw facility gives you the flexibility and convenience of access to extra funds if you need them.

Want to apply for a Gateway Bank Variable Rate Personal Loan online?

To be eligible for a personal loan you must:

  • Be over 18 years of age.
  • Be an Australian citizen or permanent resident.
  • Be employed.
  • Not been declared bankrupt or be in the process of bankruptcy.
  • Have a good credit history.


To speed up the application process, make sure you have the following information ready:

  • Proof of ID in the form of a driver’s licence, passport and/or Medicare card.
  • Details of your living expenses.
  • Details of your assets, income and liabilities.
  • Two most recent payslips to prove income, along with any additional income declared.
11.59 % p.a. Interest rate 12.63 % p.a. Comparison rate



Want to know more?

Product Features:

Car & Personal Loans
Establishment Fee : $149
Monthly Fee : $0
Annual Fee : $0
Discharge Fee : $0
Minimum Amount : $3,000
Maximum Amount : $30,000
Maximum Term (Years) : 7
Redraw Facility : Yes
Additional Repayments Accepted : Yes
Additional Repayments Fee : $0
Periodic Payments : Yes
ATM/EFTPOS Access : No
Branch Access : Yes

Having trouble deciding which Personal Loan is best for you?

Use our comparison tool to help find the option that suits you best.

Rates advertised apply to principal and interest repayment types only. Gateway reserves the right to vary these interest rates at any time. Interest rates quoted are for new lending only. Existing borrowers should contact Gateway to discuss their requirements. Applications for finance are subject to our standard credit assessment criteria. Full terms and conditions are included in the loan offer. Fees and charges apply.

1 Comparison rate is calculated based on an unsecured personal loan amount of $10,000 over a 3 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.

2 Minimum redraw amount is $250.

3 Fixed rates revert to the corresponding product's variable base rate upon expiry of fixed rate term.

Personal Loan Representative Example: Based on a loan of $10,000 over 36 months a borrower taking out a Variable Personal Loan can expect to pay a total of $11,738. This represents a comparison rate of 10.87% p.a. and includes all interest and fees included in your loan repayments over the life of the loan. Gateway Bank personal loans are available with no minimum payment term, to a maximum of 7 years. Interest rates range from 9.84% p.a. (comparison rate 10.97% p.a.) to 12.59% p.a. (comparison rate 13.64% p.a.).