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- Personal Loan Secured by Term Deposit
Personal Loan Secured by Term Deposit
- 0 to 5 years
- Secured
- Variable Rate
- No ongoing fees
Interest rate p.a.
9.19%
Comparison rate* p.a.
9.40%
Personal Loan Secured by Term Deposit
- 0 to 5 years
- Secured
- Variable Rate
- No ongoing fees
Interest rate p.a.
9.19%
Comparison rate* p.a.
9.40%
Calculate your repayments for this loan
Your estimated repayment
$638
based on 20000 loan amount for 3 years at 9.19%
Pros and Cons
For Personal Loan Secured by Term Deposit
Benefits
- Lower than average rate
- No ongoing fees
- No early exit penalty
- Unlimited extra repayments
- Flexible repayment options
- Can apply online
- Can apply in branch
- Use the loan for any worthwhile purpose
Drawbacks
- Higher than average application fee
Horizon Bank Rate Personal Loan overview
For Personal Loan Secured by Term Deposit
Details
Total repayments
$22,960
Interest rate type
Variable
Borrowing range
$500 - $100m
Security type
Secured
Loan term
0 to 5 years
Secured by
Deposit
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
$250
Ongoing fee
$0
Missed payment penalty
$30
Early exit penalty fee
$0