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Summerland Bank home loans

Summerland Bank has home loan rates starting from 6.04%.

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By

Richard Whitten

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Summerland Bank is a customer-owned financial institution that offers a range of home loans for Australian borrowers. Check out the full table of Summerland Bank products below or read more about the lender.

Compare Summerland Bank home loans for April 2024

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1 - 5 of 9
Updated regularly
Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Summerland Bank Fixed Home Loan
Principal & InterestInterest only 3Y Fixed10% min. depositOwner-occupierOffset account
Interest Rate
6.04%
Comparison Rate
6.87%
Fees
Application: $300
Ongoing: $0 p.a.
Monthly Payment
$905
More Info
Summerland Bank Fixed Home Loan
Principal & InterestInterest only 1Y Fixed10% min. depositInvestment
Interest Rate
6.34%
Comparison Rate
7.60%
Fees
Application: $300
Ongoing: $8 per month
Monthly Payment
$934
More Info
Summerland Bank Eco Mortgage Loan
Principal & InterestInterest only20% min. depositOwner-occupier
Interest Rate
6.69%
Comparison Rate
6.74%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$968
More Info
Summerland Bank Premium Home Loan
Principal & InterestInterest only20% min. depositOwner-occupierOffset account
Interest Rate
7.49%
Comparison Rate
7.84%
Fees
Application: $0
Ongoing: $380 p.a.
Monthly Payment
$1,049
More Info
Summerland Bank Fixed Home Loan
Principal & InterestInterest only 1Y Fixed10% min. depositOwner-occupier
Interest Rate
6.14%
Comparison Rate
7.05%
Fees
Application: $300
Ongoing: $8 per month
Monthly Payment
$914
More Info
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Showing 5 of 9 results

Summerland Bank key facts

  • Summerland Bank is a customer-owned bank, which means it's owned by its members.
  • Summerland Bank offers home loan products for owner-occupiers and investors.
  • This lender also offers other financial products such as transaction and savings accounts, personal and business loans, insurance, and Internet and mobile banking services.

Review by our senior home loans writer Richard Whitten

Summerland Bank home loan features

Here are the key features and details you need to know about Summerland Bank's mortgage products.

FeatureDetails
Minimum depositIt is possible to get a home loan from Summerland Bank with a deposit as low as 10%.
Offset account?You can get an offset account with several Summerland Bank loans.
Repayment optionsSeveral Summerland Bank home loans allow you to make interest-only repayments for a limited period. The lender also offers the standard principal-and-interest repayments on its loans.

How do I apply for a mortgage from Summerland Bank?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with Summerland Bank you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

📄 Proof of income documents. Recent payslips can establish your income.

📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

How to apply for a home loan

More lenders to compare

Check out Finder's main home loans guide if you want to compare more home loans from a range of lenders. Or you could try one of the following lenders:

  • ING. This online bank is part of the global, Dutch financial group of the same name.
  • Commonwealth Bank. The nation's largest bank has a large selection of home loans and a convenient banking app.
  • UBank. This online bank is actually owned by NAB.
  • Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
  • Tic:Toc. This lender's online application tool can process your mortgage application fast. Backed by the Bendigo and Adelaide Bank.
  • Bank of Queensland. Outside of the Big Four this is one of Australia's larger banks. BOQ owns Virgin Money.
  • HSBC. The local Australian banking arm of this international bank offers various home loans.

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