Fixed Rate Home Loan

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.

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.

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.

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.

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. 

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.