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

Whether you need an emergency mechanic, you’re consolidating your debts, or you need to complete some home renovations, Gateway Bank has got you covered with our Variable Rate Personal Loan.

Apply for a Variable Rate Personal Loan and you may be eligible to borrow between $3,000 and $30,000, for any worthwhile personal purpose, including debt consolidation.

With a variable rate, you can enjoy the flexibility of making additional repayments without penalty, and fee-free redraw on your loan, allowing you to repay your way.


  • $3,000 minimum loan amount
  • 7 year maximum loan term
  • Make additional payments without penalty
  • Free redraw
  • No ongoing fees
Up to 50% Debt Consolidation 9.84 % p.a. Interest rate 10.87 % 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 : $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.

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 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.