Summerland
Equity Extra Investment Overdr
A line-of-credit secured against the equity in your Investment Property.
OverdraftsBank updated 28 June 2026
At a glance
- Variable
- 10.29%
- Loan size
- $10,000 to no maximum
- Upfront fee
- $1,300
- Monthly fee
- $19
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableInvestment, principal and interest, interest only, construction & guarantor loans. | Investment · P&I | — | — | 10.29% | — | — |
§ 02 — Fees · 16
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Contract Variation/Consent Fee | Event | $300 | — | — |
| Dishonur Fee | Event | $15 | — | — |
| Honour Fee | Event | $20 | — | — |
| QuickDebit Dishonour Fee | Event | $15 | — | — |
| Easy Access Monthly Access fee for customers 65 years and over or pensioners | Periodic | $3 | Every 1 mo | A discounted monthly access fee for those 65 years and older or in receipt of an Aged, Invalid or Veterans Affairs Pension. You'll receive access to our rebate scheme which could see you paying no ac… |
| Easy Access Monthly Access Fee | Periodic | $6 | Every 1 mo | For those who appreciate the convenience of managing your money your own way. You'll receive access to our rebate scheme which could see you paying no access fee at all depending on your combined sav… |
| Equity Extra Facility Fee | Periodic | $10 | Every 1 mo | — |
| Easy Access cheques included in deposits | Transaction | $0.50 | — | 3 FREE per month. |
| Easy Access staff assisted transaction | Transaction | $3 | — | Easy access staff assisted transactions include in branch cash withdrawal, cheque withdrawal, cheque encashment, one-off internal funds transfer, one-off external funds transfer, one-off BPAY, Bank@P… |
| Essential Access cheques included in deposits | Transaction | $0.50 | — | 3 FREE per month. |
| Essential Access electronic transaction | Transaction | $1 | — | Essential access electronic transactions include direct debits, NPP payments, eftpos, external funds transfer via internet banking or the banking app (including auto transfers). 10 FREE per month acr… |
| Essential Access staff assisted transaction | Transaction | $2 | — | Essential Access staff assisted transactions include in branch cash withdrawal, cheque withdrawal, cheque encashment, one-off internal funds transfer, one-off external funds transfer, one-off BPAY, B… |
| Mortgage Discharge Fee | Transaction | $250 | — | — |
| Guarantee Establishment Fee | Upfront | $200 | — | — |
| Mortgage Establishment Fee | Upfront | $800 | — | — |
| Mortgage Extension Fee | Upfront | $300 | — | — |
§ 03 — Features
Guarantor optionInstant paymentsPayIDDigital bankingApple PayGoogle Pay
- · 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 $10,000 to no maximum
- · Lending criteria apply.
§ 06 — Run the numbers
Put this product through a calculator
Published by Summerland Bank under the Consumer Data Right, last changed by them on 28 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.