Summerland Bank
Basic Variable Home Loan
Summerland Bank · residential mortgages
Provider last updated this product 2026-09-30.
Go to provider
You'll complete your application on
Summerland Bank's website. Confirm the rate and fees with them
before applying.
A simple loan product with redraw and a low ongoing rate. New borrowers pay no establishment or monthly loan administration fees.
As published by the lender
- Headline rates - from 5.89% to 6.59%The lender publishes several headline rates; which one applies is the lender's decision.
Lending rates
| Type | Rate | Comparison^ | Purpose | Repayment | Fixed term | Applies to | Interest |
|---|---|---|---|---|---|---|---|
| VARIABLE | 5.89% | 5.95% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | - | calculated daily, paid monthly |
| Owner occupier, principal and interest repayments only. Minimum new loan amount of $150,000, with a loan to valuation ratio of 60% of less. Eligibility for new borrower specials for customers seeking both fixed and variable rates will be based on the combined loan amount. | |||||||
| VARIABLE | 6.04% | 6.10% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | - | calculated daily, paid monthly |
| Owner occupier, principal and interest repayments only. Minimum new loan amount of $150,000, with a loan to valuation ratio of 80% of less. Eligibility for new borrower specials for customers seeking both fixed and variable rates will be based on the combined loan amount. | |||||||
| VARIABLE | 6.09% | 6.15% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | - | calculated daily, paid monthly |
| Owner occupier, First Home Buyer principal and interest repayments only. Minimum new loan amount of $150,000, with a loan to valuation ratio of 85% of less. Eligibility for new borrower specials for customers seeking both fixed and variable rates will be based on the combined loan amount. | |||||||
| VARIABLE | 6.34% | 6.40% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | - | calculated daily, paid monthly |
| Owner occupier, First Home Buyer principal and interest repayments only. Minimum new loan amount of $150,000, with a loan to valuation ratio of 90% of less. Eligibility for new borrower specials for customers seeking both fixed and variable rates will be based on the combined loan amount. | |||||||
| VARIABLE | 6.59% | 6.65% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | - | calculated daily, paid monthly |
| Owner occupier, First Home Buyer principal and interest repayments only. Minimum new loan amount of $150,000, with a loan to valuation ratio of 95% of less. Eligibility for new borrower specials for customers seeking both fixed and variable rates will be based on the combined loan amount. | |||||||
| VARIABLE | 6.59% | 6.76% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | - | calculated daily, paid monthly |
| Owner occupier, principal and interest loans. Minimum loan amount of $30,000. | |||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Establishment Fee | UPFRONT | $300 | - |
| Loan Increase Fee | UPFRONT | $300 | - |
| Valuation Fee | UPFRONT | $300 | Valuation Fee - Residential $300; Valuation Fee - Non-Residential is at cost. Includes commercial, rural & rural lifestyle properties over 30ha. |
| Legal Fee | UPFRONT | $200 | Legal Fee - residential $200; Legal Fee - Non Residential at cost. |
| Redraw Fee - Assisted | TRANSACTION | $25 | - |
| Redraw Fee - Electronic | TRANSACTION | $0 | - |
| Contract Variation/Consent Fee | EVENT | $300 | - |
| Mortgage Discharge Fee | TRANSACTION | $250 | - |
| QuickDebit Dishonour Fee | EVENT | $15 | - |
| Loan Administration Fee | PERIODIC | $8 | - |
| Guarantee Establishment Fee | UPFRONT | $200 | - |
| Valuation Fee - Construction | UPFRONT | $800 | Payable in addition to the Valuation Fee - residential. |
Rate history
Rate Comparison rate
The figures behind this chart
| From | Until | Rate | Comparison |
|---|---|---|---|
| 2026-07-15 | 2026-09-08 | 5.99% | 6.05% |
| 2026-09-09 | 2026-09-30 (current) | 5.89% | 5.95% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- Save on paper, receive and view your statements online with eStatements.
Who can apply
- min age - 18
- natural person
- otherLending criteria apply.
- residency status - An eligibility constraint based on residency status applies.
Limits
- min limit - 30000.00
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-09-30T18:00:40.4340341Z · Product ID: 78