Used Car Loan

Whether you’re looking for your first car, upgrading or upsizing your family car, or that vintage classic you’ve had your eye on, Gateway Bank’s Used Car Loan makes it simple and easy to buy a used car over 12 months old.

Apply online for a fast approval giving you the confidence to shop for the car you want and knowing how much you have to spend can give you the upper hand in negotiations at the dealership or with a private seller. With no deposit required, you can borrow up to 100% of the purchase price of the 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.

Gateway’s Used Car Loan offers competitive interest rates and a range of great features to help you buy the car you want while fitting with your financial position. Unlike many car loan lenders in the market, Gateway has no ongoing monthly fees and you can make as many extra repayments as you like.


Buying a new car is a great time to review your insurance and see if you could be saving on your insurance premium. As a Gateway member you can receive a discounted car insurance premium with CGU Car Insurance.

Our Gateway Bank Used Car Loan online application is simple and easy. To speed up your application, have this information ready before you start:

  • The details of the car you wish to purchase
  • Your living expense figures
  • Details of your assets, income and liabilities
  • Statements for the last 3 months for your assets & liabilities
  • Your last payslip or evidence of income statement

Product Features:

Car & Personal Loans
Interest Rate : 5.99% pa
Comparison Rate : 6.20% pa
Establishment Fee : $149
Monthly Fee : $0
Annual Fee : $0
Discharge Fee : $0
Minimum Amount : $3,000
Maximum Loan Amount for Cars up to 5 years : $75,000
Maximum Loan Amount for Cars 5 years and older : $50,000
Maximum Term (Years) : 5
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.

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 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.


  • 1 Cars up to 5 years old