Great value, maximum impact
Summerland Bank was created to strengthen and support our local community. With our Equity Plus Personal Loan, get quick access to a low interest unsecured personal loan if you already have your mortgage with us. Giving you the boost you need to achieve your financial goals, whether it be home improvement, renovation or construction.
8.19% p.a.
Variable rate
This flexible rate option supports your purchases while ensuring you have the most competitive rate available.
8.78% p.a.
Comparison rate1
Taking into account any fees, rates and costs, compare products side by side to choose what’s best for you.
Why an Equity Plus Personal Loan?
Discounted rates
By recognising your existing equity, you can get a loan at a lower rate without increasing your mortgage
Pay the loan off faster
Make additional or lump sum repayments with no penalty fees
Fast approval
Get approved for a loan often within 24 hours, with pre-approval options also available
Flexible repayments
Pay it off on a schedule that suits you, be it weekly, fortnightly or monthly
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.
Equity Plus 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 Equity Plus personal loan?
Yes, establishment and monthly fees apply see loan fee schedule.
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
With our Equity Plus Personal Loan, experience hassle-free simplicity and forge a more conscious future, together.
Fast loan approval
With pre-approval and fast track options available, you can make 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 team can answer any questions you may have about our loans and how to make the most of a braver kind of banking.
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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