Home loan rates › Summerland Bank
Basic Variable Investment Loan
Summerland Bank
A simple loan product with redraw and a low ongoing rate. New borrowers pay no establishment or monthly loan administration fees.
Product data
The lender's Consumer Data Right data, as collected by Homepedia. Nothing in this part comes from a channel.Rates
| Rate | Comparison* | Applies to | Conditions | Source | Since |
|---|---|---|---|---|---|
| 6.34% | 6.40% | Variable · investment · principal and interest | Not compared in rate tables | CDR | 1 Nov 2026 |
| 6.49% | 6.55% | Variable · investment · principal and interest | Not compared in rate tables | CDR | 1 Nov 2026 |
| 7.04% | 7.20% | Variable · investment · principal and interest | Not compared in rate tables | CDR | 1 Nov 2026 |
*Comparison rates are calculated on a $150,000 secured loan over a term of 25 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. Fees and charges are payable.
Report an error
Anyone can report a value that looks wrong. The row is marked as disputed and keeps its value; when the lender's Consumer Data Right data next changes we check it and remove the mark.
Source
CDR officialConsumer Data Right product dataShow where this comes from
- Fetched
- 1 Nov 2026
- URL
https://public.cdr-api.summerland.com.au/cds-au/v1/banking/products/82- Content hash
sha256 3541e46e7001b08805dcdf56d1e0150bb1aec81b6383701078e36c4f81e517c4- Rule version
mapper@0.1.2
Consumer Data Right product dataev_cdr_3541e46e7001b088_6a885f27Show details
- Checked
- 1 Nov 2026
- URL
https://public.cdr-api.summerland.com.au/cds-au/v1/banking/products/82- Content hash
sha256 3541e46e7001b08805dcdf56d1e0150bb1aec81b6383701078e36c4f81e517c4- Excerpt
- —
- Rule version
mapper@0.1.2
Page and PDF snapshots are kept by Homepedia; the hash above identifies the exact version we read. Data as at 1 Nov 2026.
Fees
| Fee | Type | Amount |
|---|---|---|
| Establishment Fee | Upfront | $300.00 |
| Loan Increase Fee | Upfront | $300.00 |
| Valuation Fee | Upfront | $300.00 |
| Legal Fee | Upfront | $200.00 |
| Redraw Fee - Assisted | Transaction | $25.00 |
| Redraw Fee - Electronic | Transaction | $0.00 |
| Contract Variation/Consent Fee | Event | $300.00 |
| Mortgage Discharge Fee | Transaction | $250.00 |
| QuickDebit Dishonour Fee | Event | $15.00 |
| Loan Administration Fee | Periodic | $8.00 |
| Guarantee Establishment Fee | Upfront | $200.00 |
| Settlement Fee | Upfront | Set in your letter of offer |
| Valuation Fee - Construction | Upfront | $800.00 |
Features and eligibility
| Item | Value | Details |
|---|---|---|
| Digital banking | Open accounts, check balances, view transactions, transfer funds, schedule payments, BPAY, eStatements, SMS alerts, activate cards, change card PIN, mark card lost or stolen, loan redraw, loan status update, accept loan contracts and send secure messages. | |
| Extra repayments | Unlimited extra repayments | |
| Guarantor | ||
| Notifications | Event based notifications. | |
| Npp enabled | ||
| Npp payid | Set up a pay ID to receive lightning fast payments. | |
| Other | Save on paper, receive and view your statements online with eStatements. | |
| Redraw | Access additional payments made to your home loan. Minimum $500. | |
| Eligibility: min age | 18 | |
| Eligibility: natural person | ||
| Eligibility: other | Lending criteria apply. | |
| Eligibility: residency status | An eligibility constraint based on residency status applies. | |
| Limit: min limit | 30000.00 |
Rate history
| Rate | From | To | Rate p.a. | Comparison |
|---|---|---|---|---|
| Variable · investment · principal and interest | 1 Nov 2026 | Current | 6.49% | 6.55% |
| Variable · investment · principal and interest | 1 Nov 2026 | Current | 6.34% | 6.40% |
| Variable · investment · principal and interest | 1 Nov 2026 | Current | 7.04% | 7.20% |
*Comparison rates are calculated on a $150,000 secured loan over a term of 25 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. Fees and charges are payable.
Tags
| Tag | Meaning | Effect |
|---|---|---|
rate-selected-by-free-text | Reason this product is not ranked | |
Registered channels
Lender staff and brokers registered with Homepedia, and the prices available through them. Separate from the product data above: it never changes the lender's rates or the order of any rate table.People registered for this product
No one is registered for this product yet. Lender staff and brokers can join through verification.