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General Purpose Personal Loan

The perfect combination of competitive, flexible, and simple.

Personal Loan

The perfect combination of competitive, flexible, and simple.

Get there faster with Summerland

Featuring a generous redraw facility and low ongoing interest rate, a Summerland Bank Personal Loan offers fast approval and the ability to make extra repayments. Enjoy the kind of fuss-free lending that gets you where you’re going, faster.

11.49% p.a.

Variable rate

This flexible rate option supports your purchases while ensuring you have the most competitive rate available.

13.73% p.a.

Comparison rate2

Giving you a more accurate picture of the true cost of a loan, including any fees, rates and costs. Now you can easily compare products side by side to choose what’s best for you.

 

Why a General Purpose Personal Loan?

Simple and straightforward

Competitive low interest rates

Fast approval process and pre-approval available

Repayment flexibility and redraw options

No hidden fees

Pay off your loan sooner with no penalties

General Purpose Personal Loan

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.

Yes, establishment and monthly fees apply see loan fee schedule.

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.

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

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

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.

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