Gateway Bank - Car Loan
Secured | Variable | New or used car up to 7 years old
Gateway Bank offers the Car Loan which is a Variable rate, Secured loan. The advertised interest rate starts from 7.69% p.a. and the comparison rate starts from 7.90% p.a.. The Car Loan also has a borrowing range between $3,000 and $75,000 and repayment terms from 1 and 7 years.
More Gateway Bank Car Loan details can be found below or visit Gateway Bank to learn more or apply.
The loan type will be Secured with a comparison rate of 7.90% p.a. and an advertised rate of 7.69% p.a.
Advertised Rate
7.69% p.a. Variable
Comparison Rate
7.90% p.a.
Loan Term
1 to 7 years
Borrowing Range
$3,000 to $75,000
Interest
Rate Type
Variable
Advertised Rate
7.69% p.a.
Variable
Comparison Rate
7.90% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily
Loan Security
Loan Security
Secured
Loan Terms
Loan Term
1 to 7
years
Borrowing Range
$3,000 to $75,000
Repayment
Monthly, Weekly, Fortnightly
Features
Extra Repayments Allowed
Yes
Redraw Available
Yes
Fees
Establishment Fee
$149
one off
Loan Service Fee
$0
per month
Who is the product designed for?
These customers are likely to have the following objectives, needs, financial situation and must meet the eligibility criteria for this product:
Needs and Objectives
- The product is a secured variable rate loan with a maximum loan term of up to 7 years.
- Require a loan amount between $3,000 up to $75,000.
Financial situation
A person who can pay the ongoing loan repayments in accordance with the chosen loan structure, loan term, repayment, and interest rate type.
Eligibility criteria
- Is over the age of 18.
- Eligible to become a member of Gateway Bank.
- Has the ability to service loan repayments as per the lending eligibility criteria.
Visit Gateway Bank to view Target Market Determination Effective From: 2024-10-08.
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