It pays to do good
With Summerland Bank, access significant savings and lower rates on personal loans for eco-friendly purchases. Designed to help you make more conscious purchases, here are some key benefits of our Eco Personal Loan.
9.42%
Variable rate
This flexible rate option supports more conscious purchases while ensuring you have the most competitive rate available.
9.61% p.a.
Comparison rate1
Taking into account any fees, rates and costs, compare products side by side to choose what’s best for you.
More about our Eco Personal Loan
All the bells and whistles.
Lowest personal loan interest rate
Ability to make additional repayments on your schedule
Discounted setup fee
No ongoing monthly loan fees
Fixed monthly repayments for maximum certainty
Apply online or in a Summerland branch
Fast loan approval and pre-approval available
Ways to use your loan
Want to use your loan for something not on the list? Ask about our Basic Personal Loan.
Solar panel installation
Hybrid or electric vehicles
Water treatment/ recycling
Rainwater tanks
Xeriscaping and irrigation systems
Home insulation upgrades
Energy efficient glazing and awnings (window tinting)
Run the numbers
Our range of financial tools and easy-to-use calculators are designed to help you achieve your financial goals by choosing a loan product that’s right for you.
Access all our calculators here.
Basic loans repayments calculator
See how much your regular repayments would be on our range of home loans.
What can I afford to borrow?
Figure out how much you can comfortably afford to borrow based on your income and expenses.
Lump sum payment calculator
Calculate how much you can save by making extra or additional repayments on your loan.
Eco Personal Loan
What is the maximum loan amount I can borrow?
How much you can borrow is typically referred to as your ‘borrowing power,’ and what that number is can be different for each and every customer. While we make the process as transparent as possible, these are a few of the things we take into account: your income, assets, expenses, loan duration, and the type of loan you’re interested in.
Are there any fees associated with the Eco personal loan?
Yes, there is a small establishment fee, but no ongoing monthly fees apply. See our loan fee schedule for more information.
How long does the loan approval process take?
We are not here to stall your dreams. Typically, loan pre-approval and approval processes take 1-2 business days so you can get to where you’re going, faster.
Making things simple with Summerland
We believe more conscious choices should be rewarded. With our Eco Personal Loan, experience hassle-free simplicity and together we can forge a more sustainable future.
Fast loan approval
The planet needs us to take action, fast! With pre-approval and fast track options available, you can make sustainable purchase decisions quickly and with certainty.
Tailored repayment options
Create a repayment schedule that works for you and allows you to make additional repayments, without the penalties or the stress of ongoing monthly fees.
Friendly service
Either in store or online, our friendly and experienced local team can answer any questions you may have about our loans and how we can support you to realise your potential.
The legal stuff
1. The comparison rate is based on a secured loan of $30,000 over 5 years.
2. The comparison rate is based on a secured loan of $10,000 over 3 years.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
3. Limited to cash held in a Summerland savings or fixed term deposit account.
Rates are subject to change. Conditions, fees, and eligibility criteria may apply, see us for details. Terms and Conditions available upon request.
Target market determination available on request at our branches.
Ready to get started?
If you’re ready for a braver kind of banking, here are three ways to get started with Summerland Bank.
Apply online
Get started online with your ID at the ready and a quick check of your personal details.
Contact us
Good old-fashioned customer service, the Summerland way.
Visit a branch
Find your closest Summerland Bank branch and our friendly local team will be ready to help.
Is there something else we can help you with?
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