Conscious living, great savings
At Summerland Bank, we know how important it is to love where you live. A key part of that is embracing your local waterways, wildlife, the weird, and the wonderful.
Take greater care of the planet we all share with an Eco Home Loan designed to reward you for making more conscious choices. Access significant savings and competitive rates on loans for sustainable property purchases, upgrades and renovations.
5.44% p.a.
Variable rate1
This flexible rate option supports your purchases while ensuring you have the most competitive rate available.
5.49% p.a.
Comparison rate3
Taking into account any fees, rates and costs, compare products side by side to choose what’s best for you.
Why an Eco Home Loan?
At Summerland Bank, we know how important it is to love where you live. A key part of that is embracing your local waterways, wildlife, the weird, and the wonderful.
Take greater care of the planet we all share with an Eco Home Loan designed to reward you for making more conscious choices. Access significant savings and competitive rates on loans for sustainable property purchases, upgrades and renovations.
Competitive interest rates
Repayment flexibility and redraw options
Fast approval process and pre-approval available
Align your loan with your values
No hidden fees or ongoing monthly fees
Help reduce your carbon footprint and monthly costs
Promote sustainable living
Investing for future generations
Check your eligibility
To be eligible for an Eco Home or Investment loan the applicant must meet the following criteria:
Supply evidence that the property that secures the loan features five items from the Sustainable Features List. If the property does not feature five, the loan purpose must include financing the purchase and / or installation of the remaining features.
Solar power system (minimum 5kw)
Battery energy storage
Solar or heat pump hot water
Water storage (minimum 5,000 litres and plumbed to toilets and/or laundry)
Waterless composting toilet
Wall and ceiling insulation (minimum R2.5 and R4 respectively)
Underfloor insulation
Double glazed and / or tinted windows (minimum 75% of buildings external glass)
Home wastewater treatment system
Reverse cycle air conditioning (minimum 5-star energy rated)
Any other sustainable feature that the customer believes should be considered - subject to referral to, and acceptance by Summerland's Sustainability Committee
Check with our calculators
Access all our calculators here.
Frequently asked questions
Why do you offer Eco loans?
We are passionate about sustainability and protecting the planet we all share. Ideal for the conscious consumer, we offer an Eco Home Loan specially designed for borrowers looking to make an environmentally sustainable purchase while keeping their rates low.
What do you mean by environmentally sustainable features?
We are making an effort to to drive down emissions and improve the efficiency of Australian homes by encouraging people to make good, sustainability focused choices for their homes. This includes features like Solar Power, Battery storage, high rated insulation and more. Talk to one of our lending experts about how you might qualify for an Eco home loan.
How long does the process take?
Once we receive your application and supporting documents, we will be in contact with you within just two business days.
We make things simple for you
We understand how confusing it can be to navigate financing a big purchase. Let our experienced lenders take away the stress of applying for finance.
Apply online, or start a conversation with our lending specialists
Your lending specialist will carefully guide you through the application process, be prepared to share your goals and financial information so we can let you know your borrowing capacity.
Application and approval
Once you have provided us with your financial information and verification documents, we will have a decision back to you lightning quick! usually within 2 business days.
Loan acceptance and funding
We make the loan acceptance process quick and easy, ensuring you can access your loan funds in time for your big purchase!
Schedule a call with a lender.
Choose a time that works for you and our local team will give you a call.
The legal stuff
1.Eligibility for the advertised rate: Minimum new loan amount $150,000, principal and interest repayments only. Maximum LVR 60%. Rate expressed as a percentage per annum, interest is calculated daily unless otherwise stated.
2. Eligibility for the advertised rate: Minimum new loan amount $500,000, principal and interest repayments only. Maximum LVR 60%. Rate expressed as a percentage per annum, interest is calculated daily unless otherwise stated.
3. Comparison rate is based on a loan of $150,000 over 25 years.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
4. Loan reverts to applicable variable rate on maturity of the fixed period.
Rates are subject to change. Conditions, fees, and eligibility criteria may apply, see us for details. Terms and Conditions available upon request.
Target market determination available on request at our branches.
Ready to get started?
If you’re ready for a braver kind of banking, here are three ways to get started with Summerland Bank.
Apply online
Get started online with your ID at the ready and a quick check of your personal details.
Contact us
Good old-fashioned customer service, the Summerland way.
Visit a branch
Find your closest Summerland Bank branch and our friendly local team will be ready to help.
Is there something else we can help you with?
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