Summerland
Business Loan
Borrow funds for a Commercial or Business purpose with a variable or fixed interest rate.
Business loansBank updated 30 June 2026
At a glance
- Fixed
- 7.39%
- Variable
- 8.59%
- Loan size
- $30,000 to no maximum
- Upfront fee
- $1,600
- Monthly fee
- $8
§ 01 — Rates · 12
| 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 | — | 7.39% | — | — |
| 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 | — | 7.89% | — | — |
| 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 | — | 7.42% | — | — |
| 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 | — | 7.92% | — | — |
| 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 | — | 7.42% | — | — |
| 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 | — | 7.92% | — | — |
| 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 | — | 7.79% | — | — |
| 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 | — | 8.29% | — | — |
| 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 | — | 7.92% | — | — |
| 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 | — | 8.42% | — | — |
| VariablePrincipal and interest, interest only, construction loans and guarantor loans. Residential Security. | P&I | — | — | 8.59% | — | — |
| VariablePrincipal and interest, interest only, construction loans and guarantor loans. Non-Residential Security. | P&I | — | — | 9.54% | — | — |
§ 02 — Fees · 8
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Contract Variation/Consent Fee | Event | $300 | — | — |
| QuickDebit Dishonour Fee | Event | $15 | — | — |
| Loan Administration Fee | Periodic | $8 | Every 1 mo | — |
| Mortgage Discharge Fee | Transaction | $250 | — | — |
| Redraw Fee | Transaction | $25 | — | — |
| Redraw Fee | Transaction | $25 | — | — |
| Business Establishment Fee | Upfront | $800 | — | — |
| Loan Establishment Fee | Upfront | $800 | — | Mortgage establishment, Mortgage extension and Guarantee establishment fees are also payable, valuations and legal service work such as mortgage preparation charged at cost. |
§ 03 — Features
RedrawExtra repaymentsGuarantor optionInstant paymentsPayIDDigital banking
- · Save on paper, receive and view your statements online with eStatements.
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: A Permanent Australian Resident including those working overseas. Borrowing entities must be a Permanent Resident of Australia,
- · Amount $30,000 to no maximum
- · Lending criteria apply.
§ 05 — Compare
§ 06 — Run the numbers
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Published by Summerland Bank under the Consumer Data Right, last changed by them on 30 June 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.