SummerlandPremium 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 Oct 2026
At a glance
- Variable (owner occ. P&I)
- 6.24%6.60% comparison
- Annual fee
- $380
- Features
- offset, redraw, extra repayments
How it compares
This home 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.
| Rate | This home loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Variable home loanOwner occupier, principal & interest, 80% LVR | 6.24% | 5.93%SCCU's BROKER HOME LOAN | 6.38%of 104 institutions | 24th lowest of 104, level with 7 others |
Rates
Every rate Summerland publishes for this home loan, 11 in all.
| 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 | - | - | 6.24% | 6.60% | - |
| 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 | - | - | 6.34% | 6.70% | - |
| 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 | - | - | 6.44% | 6.80% | - |
| 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 | - | - | 6.49% | 6.84% | - |
| 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 | - | - | 6.49% | 6.84% | - |
| 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 | - | - | 6.54% | 6.89% | - |
| 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 | - | - | 6.74% | 7.09% | - |
| 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 | - | - | 6.79% | 7.14% | - |
| 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 | - | - | 7.04% | 7.39% | - |
| 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 | - | - | 7.04% | 7.39% | - |
| VariableOwner occupier, principal and interest loans. Minimum loan amount of $250,000. | Owner occupied, P&I | - | - | 7.04% | 7.39% | - |
Fees
9 fees published, grouped by when they're charged.
- When you take it outUp to $8005 fees, each listed below
- While you hold it$380 a yearPremium Home Loan Annual Fee
- When you close it or pay it offNo fee published
When you take it out5
- Guarantee Establishment Fee$200
- Loan Increase Fee$300
- Settlement FeeVaries
- Valuation Fee - Construction$800
- Valuation Fee
Valuation Fee - Residential $300; Valuation Fee - Non-Residential is at cost. Includes commercial, rural & rural lifestyle properties over 30ha. Premum Variable Home Loan holder
$300
While you hold it1
- Premium Home Loan Annual Fee$380 a year
When you make a transaction1
- Mortgage Discharge Fee$250
When particular things happen2
- Contract Variation/Consent Fee$300
- QuickDebit Dishonour Fee$15
Features
Offset accountRedrawExtra repaymentsGuarantor optionInstant paymentsPayIDDigital banking
- 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.
- Available to individuals
- Amount from $250,000, 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.