Horizon Bank - Personal Loan secured by Mortgage
Secured | Variable
The Personal Loan secured by Mortgage from Horizon Bank offers a borrowing range from $500 as well as comparison rates from 8.25% p.a.. It also has repayment terms of between 1 and 5 years. The Horizon Bank Personal Loan secured by Mortgage is a Variable rate, Secured loan with advertised interest rates from 6.29% p.a..
More Horizon Bank Personal Loan secured by Mortgage details can be found below or visit Horizon Bank to learn more or apply.
An advertised rate of 6.29% p.a. and comparison rate of 8.25% p.a.. The loan type will be Secured.
Advertised Rate
6.29% p.a. Variable
Comparison Rate
8.25% p.a.
Loan Term
1 to 5 years
Borrowing Range
$500
Interest
Rate Type
Variable
Advertised Rate
6.29% p.a.
Variable
Comparison Rate
8.25% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily
Loan Security
Loan Security
Secured
Secured By
Mortgage
Loan Terms
Loan Term
1 to 5
years
Borrowing Range
$500
Repayment
Fortnightly, Weekly, Monthly
Features
Extra Repayments Allowed
Yes
Redraw Available
Yes
Fees
Establishment Fee
$250
one off
Loan Service Fee
$0
per month
Early Repayment Fee
$0
per event
Who is the product designed for?
The retail clients for whom this product has been designed are individuals who:
Consumer Objectives
- Have equity in home to secure a personal loan.
- Receive lower rate for a secured personal loan.
Financial Situation
- Meets Horizon credit assessment criteria.
Eligibility Criteria
- Be a member of Horizon Bank.
-Minimum age of 18yrs.
-Be a resident of Australia.
-Meet Horizon Bank Credit risk criteria.
-Mortgage to be used as security for the duration of the loan.
Visit Horizon Bank to view Target Market Determination Effective From: 2024-10-01.
Australia - © 2023 Fair Comparison Pty Ltd
Savrr.com is a trading name of Fair Comparison Pty Ltd. The 'compare' pages of this website are provided by Fair Comparison Pty Ltd (ABN 48 647 552 958, credit representative number 530417) as a credit representative of QED Credit Services Pty Ltd (Australian Credit Licence 387856) to compare a range of credit card, home loan, personal loan, and car loan products. Fair Comparison Pty Ltd may receive a fee if users click through, apply and/or successfully acquire a loan or credit card product from or through a product provider.
Fair Comparison provides information relating to credit products offered by banks and other credit providers. We are not providers of loan, credit, or any other financial products. While we aim to provide information about a variety of products, we do not provide information about all products or product features available to consumers - there may be alternative options available elsewhere. We do not recommend or assist you to apply for specific products. Should you choose to apply for a product which is listed, you will deal directly with the provider of the product or its broker/representative. We aim to provide useful and up to date information, but you should always carefully check product information with the product provider prior to applying for or taking out a credit product. If you are unsure, you should seek clarification from the product provider or independent financial advice.
Global - © 2023 Fair Comparison Ltd
Savrr.com is a trading name of Fair Comparison Ltd. The ‘compare’ pages of this website are provided by Fair Comparison Ltd to compare a range of online trading platforms and products. Fair Comparison Ltd may receive a fee if users click through, apply and/or successfully apply for an online trading account or product.
Fair Comparison provides information relating to online trading platforms. We are not providers of loan, credit, or any other financial products nor are we an investment broker. While we aim to provide information about a variety of platforms or products, we do not provide information about all platforms or products available to consumers - there may be alternative options available elsewhere. We do not recommend or assist you to apply for specific platforms or products. Should you choose to apply for a platform or product which is listed, you will deal directly with the platform or its broker/representative. We aim to provide useful and up-to-date information, but you should always carefully check information with the platform provider prior to opening an account or making a financial decision. If you are unsure, you should seek clarification from the platform or independent financial advice.