---
title: "Business Loan — Summerland Bank"
description: "Business 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/64
source: "CDR Compare"
language: en-AU
last_updated: 2026-06-30T08:00:41.6073899Z
---

# Business Loan — Summerland Bank

> Business Loans from Summerland Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Business Loans**

Borrow funds for a Commercial or Business purpose with a variable or fixed interest rate.

## At a glance

- **From:** 7.39% (Fixed)

## Apply

Applications are handled by the provider: [Apply at Summerland Bank](https://application.summerland.com.au/nPortal__SelfRegistration?product=a0uOm000005EqqHIAS)

## Interest rates

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Fixed · 1 year (Principal and interest, interest only, guarantor loans. Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuation ratio exceed 80% then the interest rate is subject to negotiation on application. A fixed rate break cost fee may be payable and equates to a reasonable estimate of our loss caused by the break.) | 7.39% | — | — |
| Fixed · 2 years (Principal and interest, interest only, guarantor loans. Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuation ratio exceed 80% then the interest rate is subject to negotiation on application. A fixed rate break cost fee may be payable and equates to a reasonable estimate of our loss caused by the break.) | 7.42% | — | — |
| Fixed · 3 years (Principal and interest, interest only, guarantor loans. Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuation ratio exceed 80% then the interest rate is subject to negotiation on application. A fixed rate break cost fee may be payable and equates to a reasonable estimate of our loss caused by the break.) | 7.42% | — | — |
| Fixed · 4 years (Principal and interest, interest only, guarantor loans. Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuation ratio exceed 80% then the interest rate is subject to negotiation on application. A fixed rate break cost fee may be payable and equates to a reasonable estimate of our loss caused by the break.) | 7.79% | — | — |
| Fixed · 1 year (Principal and interest, interest only, guarantor loans. Non-Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuation ratio exceed 80% then the interest rate is subject to negotiation on application. A fixed rate break cost fee may be payable and equates to a reasonable estimate of our loss caused by the break.) | 7.89% | — | — |
| Fixed · 2 years (Principal and interest, interest only, guarantor loans. Non-Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuation ratio exceed 80% then the interest rate is subject to negotiation on application. A fixed rate break cost fee may be payable and equates to a reasonable estimate of our loss caused by the break.) | 7.92% | — | — |
| Fixed · 3 years (Principal and interest, interest only, guarantor loans. Non-Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuation ratio exceed 80% then the interest rate is subject to negotiation on application. A fixed rate break cost fee may be payable and equates to a reasonable estimate of our loss caused by the break.) | 7.92% | — | — |
| Fixed · 5 years (Principal and interest, interest only, guarantor loans. Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuation ratio exceed 80% then the interest rate is subject to negotiation on application. A fixed rate break cost fee may be payable and equates to a reasonable estimate of our loss caused by the break.) | 7.92% | — | — |
| Fixed · 4 years (Principal and interest, interest only, guarantor loans. Non-Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuation ratio exceed 80% then the interest rate is subject to negotiation on application. A fixed rate break cost fee may be payable and equates to a reasonable estimate of our loss caused by the break.) | 8.29% | — | — |
| Fixed · 5 years (Principal and interest, interest only, guarantor loans. Non-Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuation ratio exceed 80% then the interest rate is subject to negotiation on application. A fixed rate break cost fee may be payable and equates to a reasonable estimate of our loss caused by the break.) | 8.42% | — | — |
| Variable (Principal and interest, interest only, construction loans and guarantor loans. Residential Security.) | 8.59% | — | — |
| Variable (Principal and interest, interest only, construction loans and guarantor loans. Non-Residential Security.) | 9.54% | — | — |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Loan Establishment Fee — Mortgage establishment, Mortgage extension and Guarantee establishment fees are also payable, valuations and legal service work such as mortgage preparation charged at cost. | Upfront | $800.00 |
| Business Establishment Fee | Upfront | $800.00 |
| Redraw Fee | Transaction | $25.00 |
| Redraw Fee | Transaction | $25.00 |
| Contract Variation/Consent Fee | Event | $300.00 |
| Mortgage Discharge Fee | Transaction | $250.00 |
| QuickDebit Dishonour Fee | Event | $15.00 |
| Loan Administration Fee — Charged monthly | Ongoing | $8.00 |

## Features

- **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.
)
- **Save on paper, receive and view your statements online with eStatements.**
- **Redraw facility** (Access additional payments made to your loan. Minimum $500. 
)

## Eligibility

- **Minimum age** — 18 years
- **Lending criteria apply.**
- **Residency status** — A Permanent Australian Resident including those working overseas. Borrowing entities must be a Permanent Resident of Australia,

## Constraints

- **Minimum limit** — $30,000.00

## More information from Summerland Bank

- [Overview](https://summerland.com.au/my-business-banking/business-loans/)
- [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: `64`
- Last updated by the provider: 30 June 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/summerland-bank/64
- 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/64) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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