The Finance Algorithm
Summerland

Car Loan

Own the car, motorbike, caravan or motorhome you want sooner.

Personal loansBank updated 29 July 2026
At a glance
Variable
7.24% · 7.89% comparison
Loan size
$5,000 to $100,000
Upfront fee
$350
Monthly fee
$10
§ 01 — Rates · 1
TypeApplies toTermBandRateComparisonConditions
Variable$5,000 & aboveP&I7.24%7.89%
§ 02 — Fees · 7
FeeTypeAmountWhenNotes
Contract Variation/Consent FeeEvent$175
QuickDebit Dishonour FeeEvent$15
Loan Administration FeePeriodic$5Every 1 mo
Loan Administration FeePeriodic$5Every 1 mo
Redraw FeeTransaction$25
Guarantee Establishment FeeUpfront$175
Loan Establishment FeeUpfront$175
§ 03 — Features
RedrawExtra repaymentsGuarantor optionInstant paymentsPayIDDigital banking
  • · Save on paper, receive and view your statements online with eStatements.
§ 04 — Eligibility & limits
  • · Minimum age 17
  • · Residency: A Permanent Australian Resident including those working overseas.
  • · Available to individuals
  • · Amount $5,000 to $100,000
  • · Lending criteria apply.

Published by Summerland Bank under the Consumer Data Right, last changed by them on 29 July 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.