SummerlandBusiness Loan
Borrow funds for a Commercial or Business purpose with a variable or fixed interest rate.
At a glance
- Fixed
- 7.54%
- Variable
- 8.84%
- Loan size
- $30,000 to no maximum
- Upfront fee
- $800
- Monthly fee
- $8
How it compares
This business loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
Lowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower. One dot per institution, at its lowest business loan rate anyone can apply for; hover or tap a dot for its name.
Lowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower. One dot per institution, at its lowest business loan rate anyone can apply for; hover or tap a dot for its name.
| Rate | This business loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 7.54% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 17th lowest of 47, level with one other |
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 7.54% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 17th lowest of 47, level with one other |
Rates
Every rate Summerland publishes for this business loan, 12 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedPrincipal and interest, interest only, guarantor loans. Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuation r… | P&I | 1 yr fixed | - | 7.54% | - | - |
| FixedPrincipal and interest, interest only, guarantor loans. Non-Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuati… | P&I | 1 yr fixed | - | 8.04% | - | - |
| FixedPrincipal and interest, interest only, guarantor loans. Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuation r… | P&I | 2 yrs fixed | - | 7.57% | - | - |
| FixedPrincipal and interest, interest only, guarantor loans. Non-Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuati… | P&I | 2 yrs fixed | - | 8.07% | - | - |
| FixedPrincipal and interest, interest only, guarantor loans. Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuation r… | P&I | 3 yrs fixed | - | 7.57% | - | - |
| FixedPrincipal and interest, interest only, guarantor loans. Non-Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuati… | P&I | 3 yrs fixed | - | 8.07% | - | - |
| FixedPrincipal and interest, interest only, guarantor loans. Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuation r… | P&I | 4 yrs fixed | - | 7.94% | - | - |
| FixedPrincipal and interest, interest only, guarantor loans. Non-Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuati… | P&I | 4 yrs fixed | - | 8.44% | - | - |
| FixedPrincipal and interest, interest only, guarantor loans. Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuation r… | P&I | 5 yrs fixed | - | 8.09% | - | - |
| FixedPrincipal and interest, interest only, guarantor loans. Non-Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuati… | P&I | 5 yrs fixed | - | 8.59% | - | - |
| VariablePrincipal and interest, interest only, construction loans and guarantor loans. Residential Security. | P&I | - | - | 8.84% | - | - |
| VariablePrincipal and interest, interest only, construction loans and guarantor loans. Non-Residential Security. | P&I | - | - | 9.79% | - | - |
Fees
9 fees published, grouped by when they're charged.
- When you take it outUp to $8003 fees, each listed below
- While you hold it$8 a monthLoan Administration Fee
- When you close it or pay it offNo fee published
When you take it out3
- Business Establishment Fee$800
- Loan Establishment Fee
Mortgage establishment, Mortgage extension and Guarantee establishment fees are also payable, valuations and legal service work such as mortgage preparation charged at cost.
$800 - Settlement FeeVaries
While you hold it1
- Loan Administration Fee$8 a month
When you make a transaction3
- Mortgage Discharge Fee$250
- Redraw Fee$25
- Redraw Fee$25
When particular things happen2
- Contract Variation/Consent Fee$300
- QuickDebit Dishonour Fee$15
Features
- Save on paper, receive and view your statements online with eStatements.
Eligibility and limits
- Minimum age 18
- Residency: A Permanent Australian Resident including those working overseas. Borrowing entities must be a Permanent Resident of Australia,
- Amount from $30,000, no maximum
- Lending criteria apply.
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Published by Summerland Bank under the Consumer Data Right, last changed by them on 23 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.