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.

5.Rate applicable to owner occupied. A different rate applies for investment. See our rates chart or contact us for more information. 

6. Although this product has no set minimum repayments, customers should aim to repay their overdraft as soon as possible to minimise any fees and interest.

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.

Loans Fees & Charges, Loans Rates

Cashback*

1.Eligible Loans will receive the following cashback payment (the Offer):

• The amount of $2,000 cashback with loan sizes between $250,000 and $499,999 or 
• The amount of $3,000 cashback with loan sizes of $500,000 or greater. 

2.By applying for an Eligible Product, for the primary purpose of refinancing an eligible residential home or investment loan, you agree to the terms and conditions of the Offer.  

3.The following Summerland Bank products are Eligible Products for the Offer: 

• Eco Home Loan,
• Basic Variable Home Loan,
• Premium Home Loan,
• Fixed Rate Home Loan, and  
• Investment loans.  
•  

4.To be eligible for the Offer, submit a new loan application for an Eligible Product between 6 June 2025 and 30 September 2025, and settle the loan on or before 30 November 2025 (the Offer Period). 

5.Eligible Loans are loans during the Offer Period to owner-occupiers and investors for Eligible Products with a minimum loan amount of $250,000 and a Loan to Value Ratio (LVR) of less than or equal to 80% (including any capitalised fees & charges).

6.Greater than 50% of the new loan amount must be used to refinance the balance of a mortgage-secured residential home or investment loan from another financial institution. 

7.Applicants (as individuals, joint or company borrowers) are limited to one (1) cashback payment per 12-month period.   

8.A borrower cannot transfer or assign their right to the Offer to any other person. 

9.The following are ineligible for the Offer:

• Internal refinances and variations
• New or existing Bridging loans, Overdrafts, & Business loans. 
• Applications that include an applicant who has received a cashback payment from Summerland Bank within the preceding 12 months (either as an individual borrower, or as part of a joint or company application). 
• Loans paid out or refinanced away before the cashback payment is made. 

10.The cashback payment will occur within 90 days after the loan settlement date. Payment can only be made to a nominated Summerland Bank Everyday account held in the same name(s) as the eligible loan at the settlement date.  

11.Summerland Bank may amend or withdraw the Offer at any time. 

12.Standard credit criteria, terms and conditions, and fees and charges apply. 

13.The Offer cannot be used in conjunction with other offers. 

14.Summerland Bank does not accept responsibility for any tax or financial implications arising from accepting this Offer. 

15.Loans issued by Summerland Financial Services Limited Trading as Summerland Bank, ABN 23 087 650 806 AFSL and Australian Credit Licence 239 238.