Whether it's a home or investment property, talk to us first. Apply online or in-branch... easy!
There's also the option to split some loans into fixed and variable rates, and many of our loans offer a redraw facility so you can access funds when your loan repayments are in advance.* We offer quick decisions from local loans consultants and loan pre-approval.
CANSTAR is Australia’s first choice for rating Home Loans, check out CANSTAR’s website.
What are Star Ratings
CANSTAR’s Star Ratings are unique. CANSTAR evaluate literally thousands of products from hundreds of financial institutions. Expert researchers analyse every product by comparing price and features to determine what represents value.
What do the stars mean
Five star products should be on your shopping list. As a consumer, this represents a high-value product. According to our ratings, these are the top 10% of products in their field.
If you are looking for a great value home loan, Summerland has been independently analysed with the top 5 STAR rating.
So why look any further.
Now customers can have it all – a top value home loan, assisted by local banking specialists, approved super fast by Summerland’s own local staff and backed up by trained and helpful staff from a customer-owned financial institution with strong social and environmental values.
Home Loan Plus a flexible variable rate home loan with great features
A flexible variable rate home loan with plenty of features including redraws, a split-rate option, and the ability to make extra or lump sum payments as needed, without penalty. This is the ideal loan for either buying or renovating a home.
Offset Home Loan offset your savings against your loan to save interest
A spin-off of our Home Loan Plus option, with the added benefit of an offset facility. This means that the balance used for the calculation of interest on your loan account will be reduced by the balance of your linked Offset Home Loan savings account.
Eco Home Loan a mortgage secured loan for environmental purposes
A mortgage secured variable rate loan for approved environmentally friendly purposes. You receive a discounted loan establishment fee, no monthly loan fees and Summerland will make a donation to a local, environmentally focused organisation.
Equity Extra Overdraft a line-of-credit secured against the equity in your home
Borrow against the real estate property linked to your savings account. Access equity in your home, up to an agreed amount, for whatever and whenever you choose. Interest is calculated on a daily basis and is only charged on the amount you actually use.
FREE Property Analysis Reportproviding real value to people looking to purchase property
Summerland is currently offering a FREE Property Analysis Report to prospective borrowers. This provides real value to people looking to purchase property. The report is generated by one of Summerland’s loans consultants in conjunction with you at the loan interview.
This report will detail considerable information about the property being considered and will give you information about the sales history of the property, its specifications, other properties in the area which have sold recently, or are still on the market and how long they have been offered for sale. The report can include houses, units, vacant land or other types of property.
The report also provides rental information for similar properties, trend values over the past years, volume and values of sold properties, ownership statistics and more.
The report is equally valid for prospective owner-occupiers or investors. This Report makes it easier for you to collect the data so you can make a more informed decision when buying a property. With this information, you will be more confident in interpreting what real agents say.
The report is offered FREE to people who book in for a loan interview and is created by us asking them a number of questions about what you are looking for, (eg how many bedrooms would you like? Is it a house or a unit? Etc) If someone says they’d like to buy a house or are thinking about all the dead rent they’re paying, or any other trigger that suggests they may wish to buy a property, you can use the offer of the report to generate interest.
Even if you’re not ready to buy, once booked in for a no cost loan interview, we can discuss how much you may be able to borrow, loan options, help you set up a savings plan if needed, as well as provide you the FREE Property Analysis Report.
Terms and Conditions
Reports are provided to potential borrowers of Summerland Credit Union at the discretion of Summerland.
Information in the report is provided subject to the Disclaimer included in the report.
Summerland does not validate the information; it is provided by an external market research business. Therefore, Summerland does not substantiate the accuracy of the report information.
Reports are provided to bona-fide borrowers.
Report information is not advice, and Summerland recommends borrowers validate the data before making decisions based on the report content.
Summerland may decide to cease providing the report without notice at any time.
The Report may include a combination of report information based on the Loan Consultant’s interpretation of the borrower’s needs.
Conditions, fees and charges and eligibility criteria may apply. See us for details. A Home Loan Key Facts Sheet is available at summerland.com.au and in branches. Summerland Credit Union Limited ABN 23 087 650 806. Australian Credit Licence 239 238. The CANSTAR 5 Star Rating was awarded on 19 September 2016 for the Investment Premium and Investment Eco Home Loan for the Variable Home Loan - Investor, and the Investment Standard Fixed Loan for the Fixed Home Loan - Investor.