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Summerland Bank · Home loans
Basic Variable Home Loan
Summerland Bank's Basic Variable Home Loan is a home loan. The figures are the ones Summerland Bank publishes under the Consumer Data Right today. The advertised rate last moved on 22 October 2026, up from 5.89% to 6.14%.
Advertised rate
6.14%
headline tier
Comparison rate
6.20%
as published
Last moved
+0.25pp
22 October 2026
Advertised rate, last 30 days. Between 5.89% and 6.14% over the last 30 days.
Every current rate (6)
| Tier | Rate | Comparison |
|---|---|---|
| Variable, Owner occupier, P&I, LVR up to 60%, $150,000 and over | 6.14% | 6.20% |
| Variable, Owner occupier, P&I, LVR up to 80%, $150,000 and over | 6.29% | 6.35% |
| Variable, Owner occupier, P&I, LVR up to 85%, $150,000 and over | 6.34% | 6.40% |
| Variable, Owner occupier, P&I, LVR up to 90%, $150,000 and over | 6.59% | 6.65% |
| Variable, Owner occupier, P&I, LVR up to 95%, $150,000 and over | 6.84% | 6.90% |
| Variable, Owner occupier, P&I, $30,000 and over | 6.84% | 7.00% |
Rate moves, last 30 days
- 22 October 2026: 6 tiers lifted 0.25pp; the lowest, Variable, Owner occupier, P&I, LVR up to 60%, $150,000 and over, from 5.89% to 6.14%.
Published fees
| Fee | Amount |
|---|---|
| Establishment Feeupfront | $300 |
| Loan Increase Feeupfront | $300 |
| Valuation Feeupfront: Valuation Fee - Residential $300; Valuation Fee - Non-Residential is at cost. | $300 |
| Legal Feeupfront: Legal Fee - residential $200; Legal Fee - Non Residential at cost. | $200 |
| Redraw Fee - Assistedper transaction | $25 |
| Redraw Fee - Electronicper transaction | $0 |
| Contract Variation/Consent Feewhen it happens | $300 |
| Mortgage Discharge Feeper transaction | $250 |
| QuickDebit Dishonour Feewhen it happens | $15 |
| Loan Administration Feerecurring | $8 |
| Guarantee Establishment Feeupfront | $200 |
| Settlement Feeupfront | see lender |
Other Summerland Bank home loans
ECO Home Loan 6.09%Premium Variable Home Loan 6.24%Basic Variable Investment Loan 6.34%ECO Investment Home Loan 6.34%Fixed Rate Loan 6.35%Premium Variable Investment Ln 6.44%Fixed Rate Investment Loan 6.49%
Get an email the morning Summerland Bank moves this rate.
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