Following Tuesday’s RBA announcement, Summerland Bank will be passing on the full 0.25% cash rate decrease to our valued members with variable rate home loans. This change will take effect from Tuesday 3 June 2025.
If you have a variable rate principal & interest home loan, you’ll be able to view your new minimum repayment on your next statement or in the Summerland Banking App from 4 June.
Need to adjust your repayments? You can do this easily in the app, over the phone, or by visiting your local branch. If you’d like us to update your repayments automatically, just let us know — we’re here to help.
If you have any questions or would like to chat through your options, our Contact Centre is just a call away on 1300 728 728, or pop into your local branch.
We’re always happy to help.
