--- title: "Premium Variable Home Loan — Summerland Bank" description: "Home Loans from Summerland Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right." canonical: https://www.cdrcompare.au/brands/summerland-bank/products/55 source: "CDR Compare" language: en-AU last_updated: 2026-08-30T14:00:40.6825765Z --- # Premium Variable Home Loan — Summerland Bank > Home Loans from Summerland Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare. **Home Loans** Feature packed loan with the benefits of an offset account as well as discounts on a range of other banking products inlcuding our credit cards. ## At a glance - **From (owner occupied):** 6.09% (6.46% comparison) ## Apply Applications are handled by the provider: [Apply at Summerland Bank](https://application.summerland.com.au/nPortal__SelfRegistration?product=a0uOm000005EqqSIAS&core=es5) ## Interest rates | Type | Rate | Comparison | Applies to | | --- | --- | --- | --- | | Variable (Owner occupier, principal and interest repayments only. Minimum new loan amount of $500,000, with a loan to valuation ratio of 60% of less. Eligibility for new borrower specials for customers seeking both fixed and variable rates will be based on the combined loan amount.) | 6.09% | 6.46% | — | | Variable (Owner occupier, principal and interest repayments only. Minimum new loan amount of $250,000, with a loan to valuation ratio of 60% of less. Eligibility for new borrower specials for customers seeking both fixed and variable rates will be based on the combined loan amount.) | 6.19% | 6.56% | — | | Variable (Owner occupier, principal and interest repayments only. Minimum new loan amount of $500,000, with a loan to valuation ratio of 80% of less. Eligibility for new borrower specials for customers seeking both fixed and variable rates will be based on the combined loan amount. ) | 6.24% | 6.61% | — | | Variable (Owner occupier, First Home Buyer principal and interest repayments only. Minimum new loan amount of $500,000, with a loan to valuation ratio of 85% of less. Eligibility for new borrower specials for customers seeking both fixed and variable rates will be based on the combined loan amount.) | 6.24% | 6.61% | — | | Variable (Owner occupier, principal and interest repayments only. Minimum new loan amount of $250,000, with a loan to valuation ratio of 80% of less. Eligibility for new borrower specials for customers seeking both fixed and variable rates will be based on the combined loan amount. ) | 6.29% | 6.66% | — | | Variable (Owner occupier, First Home Buyer principal and interest repayments only. Minimum new loan amount of $250,000, with a loan to valuation ratio of 85% of less. Eligibility for new borrower specials for customers seeking both fixed and variable rates will be based on the combined loan amount.) | 6.29% | 6.66% | — | | Variable (Owner occupier, First Home Buyer principal and interest repayments only. Minimum new loan amount of $500,000, with a loan to valuation ratio of 90% of less. Eligibility for new borrower specials for customers seeking both fixed and variable rates will be based on the combined loan amount.) | 6.49% | 6.86% | — | | Variable (Owner occupier, First Home Buyer principal and interest repayments only. Minimum new loan amount of $250,000, with a loan to valuation ratio of 90% of less. Eligibility for new borrower specials for customers seeking both fixed and variable rates will be based on the combined loan amount.) | 6.54% | 6.9% | — | | Variable (Owner occupier, First Home Buyer principal and interest repayments only. Minimum new loan amount of $250,000, with a loan to valuation ratio of 95% of less. Eligibility for new borrower specials for customers seeking both fixed and variable rates will be based on the combined loan amount.) | 6.79% | 7.15% | — | | Variable (Owner occupier, First Home Buyer principal and interest repayments only. Minimum new loan amount of $500,000, with a loan to valuation ratio of 95% of less. Eligibility for new borrower specials for customers seeking both fixed and variable rates will be based on the combined loan amount.) | 6.79% | 7.15% | — | | Variable (Owner occupier, principal and interest loans. Minimum loan amount of $250,000.) | 6.79% | 7.15% | — | ## Fees | Fee | Type | Amount | | --- | --- | --- | | Valuation Fee — Valuation Fee - Residential $300; Valuation Fee - Non-Residential is at cost. Includes commercial, rural & rural lifestyle properties over 30ha. · Discount −$300.00 — Premum Variable Home Loan holder (eligibility: Other: Residential valuation fee is waived on a Premium Variable Home Loan.) | Upfront | $300.00 | | Contract Variation/Consent Fee | Event | $300.00 | | Mortgage Discharge Fee | Transaction | $250.00 | | QuickDebit Dishonour Fee | Event | $15.00 | | Guarantee Establishment Fee | Upfront | $200.00 | | Premium Home Loan Annual Fee — Charged yearly | Ongoing | $380.00 | | Valuation Fee - Construction | Upfront | $800.00 | | Loan Increase Fee | Upfront | $300.00 | ## Features - **Discounts on other products** — 0.00 (All transaction fees are waived for holders of a Premium Home Loan.) - **Digital banking** (Open accounts, check balances, view transactions, transfer funds, schedule payments, BPAY, eStatements, SMS alerts, activate cards, change card PIN, mark card lost or stolen, loan redraw, loan status update, accept loan contracts and send secure messages. ) - **Extra repayments** (Unlimited extra repayments) - **Guarantor supported** - **Notifications** — Event based notifications. - **Real-time payments (NPP)** - **PayID** (Set up a pay ID to receive lightning fast payments. ) - **Offset account** (Use your savings to reduce the interest on your home loan.) - **Save on paper, receive and view your statements online with eStatements.** - **Redraw facility** (Access additional payments made to your home loan. Minimum $500. ) ## Eligibility - **Minimum age** — 18 years - **Individuals only** - **Lending criteria apply.** - **Residency status** — A Permanent Australian Resident including those working overseas. ## Constraints - **Minimum limit** — $250,000.00 ## More information from Summerland Bank - [Overview](https://summerland.com.au/my-banking/home-loans/premium-home-loan) - [Terms & conditions](https://www.summerland.com.au/account-access-facility-conditions-of-use) - [Fees & pricing](https://www.summerland.com.au/loans-fees-charges) ## Data provenance - Published by Summerland Bank under the Consumer Data Right - Product ID: `55` - Last updated by the provider: 30 August 2026 - Source payload (JSON): https://www.cdrcompare.au/api/raw/summerland-bank/55 - Provider page: https://www.cdrcompare.au/brands/summerland-bank - CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000119 --- Source: [CDR Compare](https://www.cdrcompare.au/brands/summerland-bank/products/55) — product data published by Australian data holders under the Consumer Data Right. 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