Gateway Bank Fixed Rate Personal Loan From $3,000 to $30,000 With Predictable Repayments and No Account-Keeping Fee

Overview of the Gateway Bank fixed rate personal loan

Gateway Bank’s fixed rate personal loan is a straightforward option for Australians wanting predictable repayments on borrowing between $3,000 and $30,000. With a fixed interest rate starting from 12.34% p.a. and terms up to five years, the product suits everyday needs like home improvements, debt consolidation or a big-ticket purchase without surprises when budgeting.

The loan is unsecured, so you don’t need to put up property as security, and there’s no ongoing account-keeping fee to worry about. There is an establishment fee of $149, and the comparison rate of 13.39% p.a. helps you compare it fairly with other personal loans on the market.

Costs, rates and key conditions

When checking Gateway Bank fixed rate personal loan details, factor in the headline rate and the comparison rate. The fixed rate protects you if market interest rates rise, which makes fortnightly or monthly repayments simple to forecast for household budgets across Australia.

Note the minimum loan amount is $3,000 and the product includes a minimum redraw amount. There are no fees for extra repayments and no account-keeping fee, which can save you over the life of the loan compared with some competitors.

Repayment flexibility and helpful features

Repayments can be aligned with your pay cycle — weekly, fortnightly or monthly — so the Gateway Bank fixed rate personal loan fits with how Australians get paid. Making additional repayments is allowed without penalty, and a redraw facility gives you access to extra repayments above the minimum redraw threshold when you need them.

Predictable repayments are ideal for people who prefer a set schedule and a fixed monthly commitment. For those managing family expenses, a steady fixed rate and no account-keeping fees make it easier to plan and avoid surprise bank charges.

Who should apply and how to apply

This fixed rate personal loan is well suited to borrowers with a steady income, a clear repayment plan and who favour certainty over potential variable-rate savings. If you’re an Australian citizen or permanent resident with a reasonable credit profile, Gateway Bank’s product is worth comparing against other personal loans in Australia.

Applying is simple: use Gateway Bank’s online application or apply through member online banking if you’re already a customer. Before you apply, check your budget, compare rates and consider the establishment fee so you know exactly how the Gateway Bank fixed rate personal loan will affect your finances.