SummerlandEquity Extra Investment Overdr
A line-of-credit secured against the equity in your Investment Property.
At a glance
- Variable
- 10.54%
- Loan size
- $10,000 to no maximum
- Upfront fee
- $200
- Monthly fee
- $3
How it compares
This overdraft 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.
Lowest advertised rate open to anyone, including lines of credit secured against a home. One dot per institution, at its lowest personal overdraft or line of credit rate anyone can apply for; hover or tap a dot for its name.
| Rate | This overdraft | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Personal overdraft or line of creditLowest advertised rate open to anyone, including lines of credit secured against a home | 10.54% | 7.49%Police Credit Union Limited's Allegro Line of Credit | 9.25%of 15 institutions | 9th lowest of 15 |
Rates
The one rate Summerland publishes for this overdraft.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableInvestment, principal and interest, interest only, construction & guarantor loans. | Investment, P&I | - | - | 10.54% | - | - |
Rate changes
One change logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 23 Oct 2026 | Variable, Investment, P&I | 10.29% | 10.54% | up 0.25 |
Each change is logged the night it appears in the rates Summerland Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
17 fees published, grouped by when they're charged.
- When you take it outUp to $8004 fees, each listed below
- While you hold itUp to $103 fees, each listed below
- When you close it or pay it offNo fee published
When you take it out4
- Guarantee Establishment Fee$200
- Mortgage Establishment Fee$800
- Mortgage Extension Fee$300
- Settlement FeeVaries
While you hold it3
- Easy Access Monthly Access fee for customers 65 years and over or pensioners
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…
$3 a month - Easy Access Monthly Access Fee
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…
$6 a month - Equity Extra Facility Fee$10 a month
When you make a transaction6
- Easy Access cheques included in deposits
3 FREE per month.
$0.50 - Easy Access staff assisted transaction
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…
$3 - Essential Access cheques included in deposits
3 FREE per month.
$0.50 - Essential Access electronic transaction
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…
$1 - Essential Access staff assisted transaction
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…
$2 - Mortgage Discharge Fee$250
When particular things happen4
- Contract Variation/Consent Fee$300
- Dishonur Fee$15
- Honour Fee$20
- QuickDebit Dishonour Fee$15
Features
- 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 $10,000, 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.