Ultimate peace of mind
Ideal for owner-occupiers and investors alike, fix your interest rate for up to five years and enjoy the flexibility of an added redraw facility. Designed to give you ultimate peace of mind and maximum certainty.
5.54% p.a.
3 year Fixed rate1
Know precisely what your repayments are, regardless of what the market’s doing, and navigate homeownership or investing with confidence and clarity.
6.55% p.a.
Comparison rate3
Giving you a more accurate picture of the true cost of a loan, including any fees, rates, and costs. Now you can easily compare products side by side to choose what’s best for you.
Why a Fixed Rate Loan?
With a fixed rate, you know exactly how much you have to pay every month for the duration of your loan. This can help you plan ahead and save money in the long run.
Stability
Your regular mortgage payments remain consistent throughout the loan term, with interest only options available
Predictability
Know exactly what you’re in for, so it’s easier to budget and plan for the longer term
Peace of mind
The certainty of a fixed interest rate can relieve some of the stress of market volatility and reading the financial news headlines
Protection against rate increases
Even if market interest rates rise, your rate will stay the same
Clarity
With clear terms and conditions, there will be no surprises during the life of your loan
Check with our calculators
Access all our calculators here.
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!
Got questions? We’ve got answers
Can I apply for a Fixed Rate Home Loan online?
You sure can! Starting your application online is super easy. Have your ID ready, and we’ll quickly verify your details to help you get the ball rolling. It’s simple, straightforward, and convenient—just how applying for a home loan should be.
What are the benefits of a Fixed Rate Home Loan?
Fixed rate loans come with some serious perks:
Rate stability: Lock in your rate and know exactly what your repayments will be, no matter what happens to market interest rates during your fixed period.
Budget-friendly: A fixed rate makes it easier to plan your finances because your repayments stay consistent.
Peace of mind: Enjoy the security of knowing your rate won’t change during the fixed term.
Can I make extra repayments on a Fixed Rate Home Loan?
Absolutely! With our Fixed Rate Home Loan, you can make extra repayments of up to $20,000 per year while your rate is fixed—no strings attached. Just keep in mind that if you exceed this amount, there might be a break cost fee. And if you ever need those extra repayments back, you can access them through our redraw facility.
How long can I fix my home loan for?
At Summerland Bank, you can choose fixed terms ranging from 1 to 5 years. Pick a timeframe that aligns with your financial goals and lifestyle. Our friendly lenders can guide you through the options to make sure you’re comfortable with your choice.
Can I combine fixed and variable rates?
For sure! This setup is called a split loan, and it gives you the best of both worlds. Enjoy the certainty of fixed rates while benefiting from the flexibility of variable rates. Our lenders can help you design a split loan to suit your financial needs.
Is a Fixed Rate Home Loan right for me?
If you value stability and predictable repayments, a fixed rate could be perfect for you. It’s great for first-time homebuyers, families sticking to a budget, or anyone wanting to lock in a great rate. Not sure? Have a chat with our team to figure out what works best for you.
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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