Equity Plus Personal Loan

My Banking Breadcrumb Arrow

A unique financing option to give your goals a boost, experience hassle-free simplicity and forge a more conscious future

Apply now

7.94% p.a.

Variable rate

8.53% p.a.

Comparison rate¹

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.

All interest rates

All loan options

Features

Why an equity plus personal loan?

Competitive 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

Calculators & tools

Check with our calculators

Access all our calculators here.

Basic loan repayment

What can I afford to borrow?

Lump sum payment

Frequently asked questions

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.

Application process

We make things simple for you

We understand how confusing it can be to navigate financing a big purchase. Let our experienced lenders take away the stress of applying for finance.

Apply online, or start a conversation with our lending specialists

Your lending specialist will carefully guide you through the application process, be prepared to share your goals and financial information so we can let you know your borrowing capacity.

Application and approval

Once you have provided us with your financial information and verification documents, we will have a decision back to you lightning quick! usually within 2 business days.

Loan acceptance and funding

We make the loan acceptance process quick and easy, ensuring you can access your loan funds in time for your big purchase!

Compare personal loan options

Use our handy personal loan comparison table to compare loan rates, options and features side by side.

Compare now

Start your application today

Schedule a call with a lender

Schedule a call with a lender.

Choose a time that works for you and our local team will give you a call.

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.

Loans Fees & Charges, Loans Rates