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Summerland Credit Union Personal Loans

Summerland Credit personal loans can be the answer to how to activate your plans sooner instead of later. If your finances need a spruce up, our comparison table and calculator below help you compare available options from this lender. Scroll down now to start applying.

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3 months

Summerland Credit Union

Equity Plus Personal Loan (Unprotected)

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A discounted variable rate personal loan available to borrowers who own or are paying off their home; use the equity in your home to help you get what you want now.
Summerland Credit Union

Eco Loan

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Competitively priced, flexible personal loan for environmentally friendly purposes. Receive a discounted interest rate, discounted loan establishment fee, no monthly loan fees and Summerland will make a donation to a local, environmentally focused organisation.
Summerland Credit Union

Personal Loan

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The competitively priced, flexible personal loan with a low loan establishment fee and no early repayment fee - the smart way to get what you want sooner. provides factual information in relation to financial products. While attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at time of publishing. The information published on is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with recommends that you read the relevant PDS or offer documentation before taking up any financial product offer. For more information please see's Terms of Use and Services Guide.

Minimum and maximum loan periods vary between 6 months and 10 years. Comparison interest rates vary between 6.55% and 20.89% p.a. Total interest repayments vary between $1,387 and $4,165 over the life of the loan. *Comparison rate is based on an unsecured loan of $10,000 for a term of 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. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

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Summerland Credit Union personal loans – Get your wants sooner

As a customer owned financial institution, Summerland Credit Union provides a different flavour of finance from banks. First of all, profits always bounce back to customers (instead of shareholders) to create better fees and services. Secondly, when you apply, you also become part-owner of the business.

Summerland Credit Union offers a range of financial products, including personal loans. Its personal loans are great for home renovations, car purchases, holidays, or any dream you need to bring to life quickly. Read on to unpack more details about Summerland Credit Union personal loans.

Summerland Credit Union personal loans in a nutshell

  • Interest rate. Depends on the type of loan
  • Interest rate type. Variable
  • Comparison rate. 12.24% PA
  • Pros. Pre-approval is available, and Summerland Credit Union also promises fast approval.
  • Cons. You must be a member to apply, and only variable rates are available.
  • Best for: Summerland Credit Union members who need credit that has flexible uses.

Types of loans from Summerland Credit Union

  • Secured personal loan (fully secured by cash). Summerland Credit Union offers cash secured credit that uses your savings account or a similar asset to guarantee the debt. In return, you get a particularly competitive rate of 5.04% PA.
  • General purpose loan. Additionally, this lender offers other flexible security options, such as a motorbike, caravan, or motor vehicle. Unsecured options are also available, and interest rates start from 9.99%.
  • Equity plus loan. This option is only applicable to Summerland home loan customers. It allows you to use the value in your home to get a discounted rate (6.09%PA) without also having to increase your mortgage.
  • Eco personal loan. When you go green, this environmentally friendly option gets you a competitive rate (7.92% PA) and a 25% discount on your establishment fee. The money can be used for solar installations, rainwater tanks, roof insulation, water treatment/recycling or the purchase of hybrid autos.
  • Car loans. You can hit the road sooner in a new or used car with credit that offers $5,000 going up. The option is also suitable for buying a motorbike, caravan, or motorhome. Interest rates start from 6.69% PA, and unsecured and secured options are available. Read our Summerland Credit Union car loans guide for more info.

Features of Summerland Credit Union personal loans

  • Secured and unsecured options are available
  • Interest rates are variable
  • No monthly fees, but you have to pay a one-off establishment fee
  • Additional and lump sum repayments are allowed
  • No early repayment fee so you can repay your debt early without penalty
  • Pre-approval gives you approval before you negotiate your purchase

How to get a personal loan from Summerland Credit Union

Before applying for a Summerland Credit Union personal loan, make sure you are:

  • At least 18 years of age
  • An Aussie citizen or permanent resident who can work in Australia
  • Currently in paid employment

To apply online, click “Go to Site” and then find the application page on Summerland Credit Union’s website. Fill the form with your details before submitting.

If you still need to shop around, check out our other lenders and make comparisons to find the best product for your financial situation.

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