Why choose Summerland Bank

Benefits

  • Secured and unsecured loans available
  • Flexible security options
  • Allows additional repayments

Drawbacks

  • Charges an establishment fee
  • May charge above-average interest rates
  • Limited branch access

Summerland Bank Personal Loans

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Personal Loans calculator

Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.

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Features of a Summerland Credit Union personal loan

Summerland Credit Union is a personal loan lender that offers both unsecured and secured personal loans. Summerland Credit Union provides personal loans for home renovations, large purchases, holidays and vehicles.

Summerland Credit Union personal loan rates vary greatly depending on whether you choose an unsecured or secured loan, and whether you secure your loan with cash, home equity or a motor vehicle.

Borrowers are charged a one-off establishment fee if their application is approved.

Summerland Credit Union personal loans – customer service

Customers can contact Summerland Credit Union by phone, online enquiry form or by popping into a branch. Members also have access to internet banking to manage their Summerland Credit Union products.

Who is eligible for a Summerland Credit Union personal loan?

  • Must be an Australian citizen or permanent resident
  • Must be aged 18 years or over
  • Must currently be in paid employment

How to apply for a Summerland Credit Union personal loan?

  • Click ‘Apply Online’
  • Click ‘Start New’
  • Complete the online application form
  • Submit the online application form

Summerland Credit Union personal loans review

Summerland Credit Union provides a selection of personal loans including both secured and unsecured options. Members making eco-friendly purchases also have access to a special rate through Summerland Credit Union’s green loan.

Summerland Credit Union charges an establishment fee, which is charged when the loan account is created. Summerland Credit Union personal loans allow additional repayments and early payout.

Summerland Credit Union personal loan rates vary significantly between and within its loan offers. Its personal loan interest rates range from very low to high depending on whether the loan is secured or unsecured. Personal loan interest rates also depend on the type of security used when taking out a secured loan.

To find the best personal loan rates for your financial situation, it’s advisable to compare personal loan rates from several different lenders before applying.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.