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Equity Plus Personal Loan

Summerland Credit Union

Borrowing Amount
Loan term
Advertised Rate6.12%variable
Comparison Rate8.42%
Monthly Repayment$305
Loan amountFrom $3k
Pros
  • Features a low rate
  • No early exit penalty
  • Can apply online
  • Can apply in branch
Cons
  • Monthly fee charged
  • Application fee charged

Suitable For

New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Student Loan
Student Loan
Debt Consolidation
Debt Consolidation
Renovation
Renovation
Shares
Shares
Holidays
Holidays
Medical Bill
Medical Bill
Wedding
Wedding

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 TypeUnsecured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
View Repayment Schedule

Features Flexibilities

Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit
Other Benefits
Other Benefits
Other Restrictions
Other RestrictionsOwn or paying off home
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