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General Purpose Loan Secured By Cash

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Loan Term

years

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General Purpose Loan Fully-Secured By Cash Pros and Cons

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
  • Has ongoing fees
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Summerland Credit Union General Purpose Loan Fully-Secured By Cash Fees and Features

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
Upfront Fee
Upfront Fee
$175
Ongoing Fee
Ongoing Fee
$5 monthly
Borrowing range
Borrowing range
$3k - $100m
Total Repayments
Total Repayments
$32,436
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$0
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Variable
Loan Type
Loan Type
Secured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit
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
Upfront Fee
Upfront Fee
$175
Ongoing Fee
Ongoing Fee
$5 monthly
Borrowing range
Borrowing range
$3k - $100m
Total Repayments
Total Repayments
$32,436
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$0
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Variable
Loan Type
Loan Type
Secured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit

Summerland Credit Union is a mutual financial institution, which means that it is owned and operated by its members rather than by external stakeholders. All profits made by Summerland Credit Union are reinvested into the organisation.

Summerland Credit Union has operated in Australia since 1964. It currently operates branches across regional New South Wales and Queensland.

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