SummerlandPersonal Loan
Competitive, flexible and great for helping you get what you want sooner.
Personal loansBank updated 23 Oct 2026
At a glance
- Variable
- 7.24%7.84% comparison
- Loan size
- $3,000 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 |
|---|---|---|---|---|
| Personal loanLowest advertised rate, fixed or variable, leaving out car loans | 7.24% | 5.80%Plenti Personal Loan | 7.96%of 68 institutions | 20th lowest of 68 |
| Variable personal loanMoves with the lender's rates | 7.24% | 6.29%Bank of us' RESIDENTIALLY SECURED PERSONAL LOAN | 8.02%of 45 institutions | 9th lowest of 45 |
Rates
Every rate Summerland publishes for this personal loan, 4 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableSecure your loan with cash to receive a reduced rate. | P&I | - | - | 7.24% | 7.84% | - |
| VariableA loan for environmentally friendly purposes. | P&I | - | - | 7.59% | 7.77% | - |
| VariableUse the value in your home for a personal loan at a reduced rate. | P&I | - | - | 8.69% | 9.28% | - |
| VariableGeneral purpose Personal Loan ($3,000 & above) | P&I | - | - | 11.49% | 13.77% | - |
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
A loan for environmentally friendly purposes.
$175
While you hold it2
- Loan Administration Fee$5 a month
- Loan Administration Fee
A loan for environmentally friendly purposes.
$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
RedrawExtra repaymentsGuarantor optionInstant paymentsPayIDDigital banking
- 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 $3,000 to $100,000
- 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.