Summerland
Premium Variable Home Loan
Feature packed loan with the benefits of an offset account as well as discounts on a range of other banking products inlcuding our credit cards.
Home loansBank updated 23 Sept 2026
At a glance
- Variable (owner occ. P&I)
- 5.99% · 6.36% comparison
- Annual fee
- $380
- Features
- offset, redraw, extra repayments
§ 01 — Rates · 11
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableOwner occupier, principal and interest repayments only. Minimum new loan amount of $500,000, with a loan to valuation ratio of 60% of less. Eligibility for new borrower specials for customers seeking… | Owner occupied · P&I | — | — | 5.99% | 6.36% | — |
| VariableOwner occupier, principal and interest repayments only. Minimum new loan amount of $250,000, with a loan to valuation ratio of 60% of less. Eligibility for new borrower specials for customers seeking… | Owner occupied · P&I | — | — | 6.09% | 6.46% | — |
| VariableOwner occupier, principal and interest repayments only. Minimum new loan amount of $500,000, with a loan to valuation ratio of 80% of less. Eligibility for new borrower specials for customers seeking… | Owner occupied · P&I | — | — | 6.19% | 6.56% | — |
| VariableOwner occupier, First Home Buyer principal and interest repayments only. Minimum new loan amount of $500,000, with a loan to valuation ratio of 85% of less. Eligibility for new borrower specials for… | Owner occupied · P&I | — | — | 6.24% | 6.61% | — |
| VariableOwner occupier, principal and interest repayments only. Minimum new loan amount of $250,000, with a loan to valuation ratio of 80% of less. Eligibility for new borrower specials for customers seeking… | Owner occupied · P&I | — | — | 6.24% | 6.60% | — |
| VariableOwner occupier, First Home Buyer principal and interest repayments only. Minimum new loan amount of $250,000, with a loan to valuation ratio of 85% of less. Eligibility for new borrower specials for… | Owner occupied · P&I | — | — | 6.29% | 6.66% | — |
| VariableOwner occupier, First Home Buyer principal and interest repayments only. Minimum new loan amount of $500,000, with a loan to valuation ratio of 90% of less. Eligibility for new borrower specials for… | Owner occupied · P&I | — | — | 6.49% | 6.86% | — |
| VariableOwner occupier, First Home Buyer principal and interest repayments only. Minimum new loan amount of $250,000, with a loan to valuation ratio of 90% of less. Eligibility for new borrower specials for… | Owner occupied · P&I | — | — | 6.54% | 6.90% | — |
| VariableOwner occupier, First Home Buyer principal and interest repayments only. Minimum new loan amount of $250,000, with a loan to valuation ratio of 95% of less. Eligibility for new borrower specials for… | Owner occupied · P&I | — | — | 6.79% | 7.15% | — |
| VariableOwner occupier, First Home Buyer principal and interest repayments only. Minimum new loan amount of $500,000, with a loan to valuation ratio of 95% of less. Eligibility for new borrower specials for… | Owner occupied · P&I | — | — | 6.79% | 7.15% | — |
| VariableOwner occupier, principal and interest loans. Minimum loan amount of $250,000. | Owner occupied · P&I | — | — | 6.79% | 7.15% | — |
§ 02 — Fees · 8
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Contract Variation/Consent Fee | Event | $300 | — | — |
| QuickDebit Dishonour Fee | Event | $15 | — | — |
| Premium Home Loan Annual Fee | Periodic | $380 | Every 1 yr | — |
| Mortgage Discharge Fee | Transaction | $250 | — | — |
| Guarantee Establishment Fee | Upfront | $200 | — | — |
| Loan Increase Fee | Upfront | $300 | — | — |
| Valuation Fee - Construction | Upfront | $800 | — | — |
| Valuation Fee | Upfront | $300 | — | Valuation Fee - Residential $300; Valuation Fee - Non-Residential is at cost. Includes commercial, rural & rural lifestyle properties over 30ha. Premum Variable Home Loan holder |
§ 03 — Features
Offset accountRedrawExtra 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.
- · Available to individuals
- · Amount $250,000 to no maximum
- · Lending criteria apply.
§ 06 — Run the numbers
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Published by Summerland Bank under the Consumer Data Right, last changed by them on 23 Sept 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.