Summerland BankBusiness Loan
Business Loan
Offered by Summerland Bank
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Key Product Facts
Product type
Business Loan
Indicative rate
8.59%
Product overview
Borrow funds for a Commercial or Business purpose with a variable or fixed interest rate.
Is this product competitive?
There is no single rate or fee that determines whether a financial product is suitable or competitive for everyone. Consider the advertised rate, comparison rate, fees, term, product purpose and eligibility requirements together.
Advertised rate
8.59%
Comparison rate
N/A
How much would $50,000 cost?
Example repayments based on borrowing $50,000 at the displayed primary rate over the product's available maximum term.
Example amount
$50,000
Estimated repayment
$1,028.00/ month
Example term
5 years
Illustration only: this calculation assumes a constant rate and regular monthly principal-and-interest repayments. It does not include all fees, charges, insurance or other costs, and the actual repayment offered by the provider may differ.
Estimated total repayments
$61,679.81
Estimated interest
$11,679.81
Key product details
- Category
- Business Loans
- Subcategory
- Business Loan
- Purpose
- OTHER
- Repayment type
- PRINCIPAL_AND_INTEREST