Used Car Loan

Whether you’re looking for your first car, your primary family or work vehicle, or that vintage classic you’ve had your eye on, with Gateway Bank’s Used Car Loan it has never been easier to buy a used car over 12 months old.

Avoid pushy salespeople and dealership pressure by applying online, and benefit from quick loan approval, saving you time and effort in financing your vehicle.

Our commitment to the environment encourages us to reward Australians who are tackling the issue of waste, and by buying a used car – even as young as 12 months old - you’re helping to reuse valuable resources and contribute to a cleaner and healthier Australia.

By taking out a Used Car Loan with Gateway Bank, you will be rewarded with a competitive interest rate and flexible loan terms up to 5 years. What if the car you’re looking at is over 5 years old? No problem! We don’t have restrictions on how old the car is to qualify for a Gateway Used Car Loan.

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. If you’re in the market but not quite sure you’ve found the right car yet, you can take advantage of our FREE car broker service, who can help you find the perfect car for your budget – simply arrange a call back to take advantage of this service.


  • 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 monthly fees and free redraw facility

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