SummerlandCar Loan
Own the car, motorbike, caravan or motorhome you want sooner.
At a glance
- Variable
- 7.49%8.15% comparison
- Loan size
- $5,000 to $100,000
- Upfront fee
- $175
- Monthly fee
- $5
How it compares
This personal 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 personal loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Car loan from a bank or lenderLowest advertised rate, fixed or variable | 7.49% | 5.74%Westpac's Car Loan | 6.99%of 42 institutions | 28th lowest of 42 |
Rates
The one rate Summerland publishes for this personal loan.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable$5,000 & above | P&I | - | - | 7.49% | 8.15% | - |
Rate changes
One change logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 23 Oct 2026 | Variable, P&I | 7.24% | 7.49% | 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
7 fees published, grouped by when they're charged.
- When you take it outUp to $1752 fees, each listed below
- While you hold itUp to $52 fees, each listed below
- When you close it or pay it offNo fee published
When you take it out2
- Guarantee Establishment Fee$175
- Loan Establishment Fee$175
While you hold it2
- Loan Administration Fee$5 a month
- Loan Administration Fee$5 a month
When you make a transaction1
- Redraw Fee$25
When particular things happen2
- Contract Variation/Consent Fee$175
- QuickDebit Dishonour Fee$15
Features
- Save on paper, receive and view your statements online with eStatements.
Eligibility and 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.
Compare it with others
Put this product through a calculator
Published by Summerland Bank under the Consumer Data Right, last changed by them on 22 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.