SummerlandFixed Rate Loan
For those who want the certainty of a fixed interest rate and repayment for their preferred term - with added flexibility of a redraw facility.
Home loansBank updated 2 Oct 2026
At a glance
- Fixed
- 1 yr 6.35%, 2 yrs 6.38%, 3 yrs 6.37%, 4 yrs 6.62%, 5 yrs 6.77%
- Annual fee
- $96
- Features
- 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 |
|---|---|---|---|---|
| 1-year fixed home loanOwner occupier, principal & interest, 80% LVR | 6.35% | 5.99%Northern Inland Credit Union Ltd.'s Value Home Loan - Fixed 12M | 6.59%of 82 institutions | 9th lowest of 82 |
| 2-year fixed home loanOwner occupier, principal & interest, 80% LVR | 6.38% | 6.09%BankVic's Fixed Rate Home Loan - 2 years | 6.62%of 84 institutions | 11th lowest of 84 |
| 3-year fixed home loanOwner occupier, principal & interest, 80% LVR | 6.37% | 6.24%Credit Union SA's 3-Year Fixed 40 Year Home Loan Package | 6.69%of 80 institutions | 5th lowest of 80 |
| 5-year fixed home loanOwner occupier, principal & interest, 80% LVR | 6.77% | 6.49%AMB Bank Product's 5 Year Fixed Rate Home Loan | 6.89%of 63 institutions | 19th lowest of 63 |
Rates
Every rate Summerland publishes for this home loan, 15 in all.
Variable and fixed, at 80% LVR
Owner occupier, principal and interest, the lowest rate for each
- 1 yr fixedtypical 6.59%6.35%
- 2 yrs fixedtypical 6.62%6.38%
- 3 yrs fixedtypical 6.69%6.37%
- 4 yrs fixed6.62%
- 5 yrs fixedtypical 6.89%6.77%
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedOwner occupier, principal and interest repayments only. Minimum new loan amount of $150,000, with a loan to valuation ratio of 60% of less. Eligibility for new borrower specials for customers seeking… | Owner occupied, P&I | 1 yr fixed | - | 6.35% | 6.62% | - |
| FixedOwner occupier, principal and interest loans. Minimum loan amount of $30,000. A fixed rate break cost fee may be payable and equates to a reasonable estimate of our loss caused by the break. | Owner occupied, P&I | 1 yr fixed | - | 6.39% | 6.73% | - |
| FixedOwner occupier, principal and interest repayments only. Minimum new loan amount of $150,000, with a loan to valuation ratio of 80% of less. Eligibility for new borrower specials for customers seeking… | Owner occupied, P&I | 1 yr fixed | - | 6.39% | 6.63% | - |
| FixedOwner occupier, principal and interest repayments only. Minimum new loan amount of $150,000, with a loan to valuation ratio of 60% of less. Eligibility for new borrower specials for customers seeking… | Owner occupied, P&I | 2 yrs fixed | - | 6.38% | 6.61% | - |
| FixedOwner occupier, principal and interest loans. Minimum loan amount of $30,000. A fixed rate break cost fee may be payable and equates to a reasonable estimate of our loss caused by the break. | Owner occupied, P&I | 2 yrs fixed | - | 6.42% | 6.72% | - |
| FixedOwner occupier, principal and interest repayments only. Minimum new loan amount of $150,000, with a loan to valuation ratio of 80% of less. Eligibility for new borrower specials for customers seeking… | Owner occupied, P&I | 2 yrs fixed | - | 6.42% | 6.61% | - |
| FixedOwner occupier, principal and interest repayments only. Minimum new loan amount of $150,000, with a loan to valuation ratio of 60% of less. Eligibility for new borrower specials for customers seeking… | Owner occupied, P&I | 3 yrs fixed | - | 6.37% | 6.58% | - |
| FixedOwner occupier, principal and interest loans. Minimum loan amount of $30,000. A fixed rate break cost fee may be payable and equates to a reasonable estimate of our loss caused by the break. | Owner occupied, P&I | 3 yrs fixed | - | 6.41% | 6.70% | - |
| FixedOwner occupier, principal and interest repayments only. Minimum new loan amount of $150,000, with a loan to valuation ratio of 80% of less. Eligibility for new borrower specials for customers seeking… | Owner occupied, P&I | 3 yrs fixed | - | 6.41% | 6.60% | - |
| FixedOwner occupier, principal and interest repayments only. Minimum new loan amount of $150,000, with a loan to valuation ratio of 60% of less. Eligibility for new borrower specials for customers seeking… | Owner occupied, P&I | 4 yrs fixed | - | 6.62% | 6.66% | - |
| FixedOwner occupier, principal and interest loans. Minimum loan amount of $30,000. A fixed rate break cost fee may be payable and equates to a reasonable estimate of our loss caused by the break. | Owner occupied, P&I | 4 yrs fixed | - | 6.66% | 6.78% | - |
| FixedOwner occupier, principal and interest repayments only. Minimum new loan amount of $150,000, with a loan to valuation ratio of 80% of less. Eligibility for new borrower specials for customers seeking… | Owner occupied, P&I | 4 yrs fixed | - | 6.66% | 6.67% | - |
| FixedOwner occupier, principal and interest repayments only. Minimum new loan amount of $150,000, with a loan to valuation ratio of 60% of less. Eligibility for new borrower specials for customers seeking… | Owner occupied, P&I | 5 yrs fixed | - | 6.77% | 6.73% | - |
| FixedOwner occupier, principal and interest loans. Minimum loan amount of $30,000. A fixed rate break cost fee may be payable and equates to a reasonable estimate of our loss caused by the break. | Owner occupied, P&I | 5 yrs fixed | - | 6.81% | 6.85% | - |
| FixedOwner occupier, principal and interest repayments only. Minimum new loan amount of $150,000, with a loan to valuation ratio of 80% of less. Eligibility for new borrower specials for customers seeking… | Owner occupied, P&I | 5 yrs fixed | - | 6.81% | 6.75% | - |
Fees
13 fees published, grouped by when they're charged.
- When you take it outUp to $8007 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 out7
- Establishment Fee
New Borrower Special
$300 - Guarantee Establishment Fee$200
- Legal Fee
Legal Fee - residential $200; Legal Fee - Non Residential at cost.
$200 - Loan Increase Fee$300
- Settlement FeeVaries
- Valuation Fee - Construction
Payable in addition to the Valuation Fee - residential.
$800 - Valuation Fee
Valuation Fee - Residential $300; Valuation Fee - Non-Residential is at cost. Includes commercial, rural & rural lifestyle properties over 30ha.
$300
While you hold it1
- Loan Administration Fee
New Borrower Special.
$8 a month
When you make a transaction3
- Mortgage Discharge Fee$250
- Redraw fee - Assisted$25
- Redraw Fee - ElectronicNo fee
When particular things happen2
- Contract Variation/Consent Fee$300
- QuickDebit Dishonour Fee$15
Features
RedrawExtra repaymentsGuarantor optionInstant paymentsPayIDDigital banking
- Save on paper, receive and view your statements online with eStatements.
Eligibility and limits
- Minimum age 18
- Residency: An eligibility constraint based on residency status applies.
- Available to individuals
- 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 2 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.