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- Horizon Bank
- Mortgage Secured Personal Loan
Mortgage Secured Personal Loan
- 0 to 5 years
- Secured
- Variable Rate
- No ongoing fees
Interest rate p.a.
9.29%
Comparison rate* p.a.
11.24%
up to 11.24%
Mortgage Secured Personal Loan
- 0 to 5 years
- Secured
- Variable Rate
- No ongoing fees
Interest rate p.a.
9.29%
Comparison rate* p.a.
11.24%
up to 11.24%
Calculate your repayments for this loan
Your estimated repayment
$639
based on 20000 loan amount for 3 years at 9.29%
Pros and Cons
For Mortgage Secured Personal Loan
Benefits
- Lower than average rate
- No ongoing fees
- Lower than average application fees
- Unlimited extra repayments
- Flexible repayment options
- Can apply online
- Can apply in branch
- Use the loan for any worthwhile purpose
Drawbacks
Horizon Bank Rate Personal Loan overview
For Mortgage Secured Personal Loan
Details
Total repayments
$22,993
Interest rate type
Variable
Borrowing range
$500 - $100m
Security type
Secured
Loan term
0 to 5 years
Secured by
Property
Loan type
Is Fully Drawn Advance
Repayment frequency
Weekly, Fortnightly, Monthly
Target Market Determination
Visit Horizon Bank to view Target Market Determination.
Features
Extra repayments
Yes
Redraw facility
redraw activation fee of $0
Instant approval
Time to funding
N/A
Fees
Upfront fee
$150
Ongoing fee
$0
Missed payment penalty
$30
Early exit penalty fee
$0
Permitted Loan Purposes
New car
Used car
Motorcycle
Boat
Debt consolidation
Renovation
Holidays
Medical bill
Shares
Student loan
Wedding
Promoted personal loan products
Low Rate Personal Loan Unsecured (Excellent Credit)
Real Time Rating™
- 2024 Award Winner
- 1 to 7 years
- Unsecured
- Fixed Rate
Interest rate p.a.
6.57%
up to 8.48%
Comparison rate* p.a.
7.19%
up to 13.58%
Australian Credit Licence 488228
Fees & charges apply
Unsecured Personal Loan (Excellent Credit) (Amount > $5000)
Real Time Rating™
- 2024 Award Winner
- 3 to 5 years
- Unsecured
- Fixed Rate
Interest rate p.a.
5.76%
up to 24.03%
Comparison rate* p.a.
6.55%
up to 24.99%
Australian Credit Licence 474726
Fees & charges apply
Unsecured Personal Loan (Excellent Credit)
Real Time Rating™
- 3 to 7 years
- Unsecured
- Fixed Rate
- No ongoing fees
Interest rate p.a.
7.24%
up to 9.39%
Comparison rate* p.a.
7.24%
up to 10.31%
Australian Credit Licence 286596
Fees & charges apply
No Fee Personal Loan
Real Time Rating™
- 2024 Award Winner
- Special
- 1 to 7 years
- Unsecured
Interest rate p.a.
6.75%
up to 26.95%
Comparison rate* p.a.
6.75%
up to 26.95%
Australian Credit Licence 411227
Fees & charges apply
Product data updated on 27 Apr 2024