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Car Loan

Summerland Credit Union

Borrowing Amount
Loan term
Advertised Rate6.49%variable
Comparison Rate7.10%
Monthly Repayment$587
Loan amountFrom $5k
Pros
  • Features a low rate
  • No early exit penalty
  • Can apply online
  • Can apply in branch
Cons
  • Monthly fee charged
  • Application fee charged
  • Requires security to be held

Suitable For

New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat

Loan Fees

Upfront Fee
Upfront Fee$175
Ongoing Fee
Ongoing Fee$5

monthly

Early Exit Penalty Fee
Early Exit Penalty Fee$0
Missed Payment Penalty
Missed Payment Penalty$0
Redraw Activation Fee
Redraw Activation Fee$0

Loan Profile

Repayment Type
Repayment TypeVariable
Loan Type
Loan TypeSecured
Secured by vehicle
Secured by vehicle
View Repayment Schedule

Features Flexibilities

Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
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