Personal Loans
We're Here to Help Make it Happen!
UNSECURED PERSONAL LOAN
At Summit Finance SA/NT we work closely to provide financial solutions to our clients and do so in a professional and efficient manner, providing our clients a range of financial products with the best possible service and advice. An unsecured personal loan is a good choice for people who do not have a large asset they can attach to the loan as security against the debt or choose not to put the asset at risk. An unsecured personal loan is supported only by the borrower's creditworthiness.
Unsecured Personal Loans gives you the ability to spend the money on whatever personal purpose you like from that dream holiday, planning a wedding, buying a car or wanting to carry out some home improvements.
An unsecured personal loan is also becoming more popular for people looking to payout their credit card debt or looking to consolidate mounting debts that are crippling their finances. A personal loan is set for a term determined by you with a start and end date and a considerably lower interest rates than most credit cards. Taking out a personal loan could put money back in your pocket each month.
SECURED PERSONAL LOAN
Unlike an unsecured personal loan a secured personal loan gives you the ability to borrow more using an asset as security against the finance. The loan is secured against an unencumbered (freehold) asset like a car, property or equipment. You can also use a secured loan if you are purchasing a new car, the car is then used as security against the loan, however there are generally restrictions on the age of the vehicle.
You will also benefit from a lower interest rate as there is less risk to the lender as they hold security against the debt. A lower interest rate offers big savings in the long run, not only with lower monthly payments but less total interest paid over the life of the loan.
