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Fixed Rate Home Loan

Maximum certainty at a competitive rate.

Fixed Rate Home Loan

Maximum certainty at a competitive rate.

Ultimate peace of mind

Ideal for owner-occupiers and investors alike, fix your interest rate for up to five years and enjoy the flexibility of an added redraw facility. Designed to give you ultimate peace of mind and maximum certainty.

5.94% p.a.

2 year Fixed rate1

Know precisely what your repayments are, regardless of what the market’s doing, and navigate homeownership or investing with confidence and clarity.

6.83% p.a.

Comparison rate3

Giving you a more accurate picture of the true cost of a loan, including any fees, rates, and costs. Now you can easily compare products side by side to choose what’s best for you.

 

Why a Fixed Rate Loan?

With a fixed rate, you know exactly how much you have to pay every month for the duration of your loan. This can help you plan ahead and save money in the long run.

Stability

Your regular mortgage payments remain consistent throughout the loan term, with interest only options available

Predictability

Know exactly what you’re in for, so it’s easier to budget and plan for the longer term

Peace of mind

The certainty of a fixed interest rate can relieve some of the stress of market volatility and reading the financial news headlines

Protection against rate increases

Even if market interest rates rise, your rate will stay the same

Clarity

With clear terms and conditions, there will be no surprises during the life of your loan

Frequently asked questions

Yes! Get started online with your ID at the ready and once we’ve done a quick check of your personal details, you’ll be able to get the ball rolling.

Absolutely! Our fixed rate loans allow you to make extra repayments. However, you may be charged a break cost fee if you pay more than $20,000 per year while the loan is fixed. You can also redraw your additional repayments if you need to.

For sure! This is called ‘splitting’ or a ‘split loan’. You can combine a fixed rate loan with one of our competitive variable rate options. 

We make things simple for you

We understand how confusing it can be to navigate financing a big purchase. Let our experienced lenders take away the stress of applying for finance. 

Apply online, or start a conversation with our lending specialists

Your lending specialist will carefully guide you through the application process, be prepared to share your goals and financial information so we can let you know your borrowing capacity. 

Application and approval

Once you have provided us with your financial information and verification documents, we will have a decision back to you lightning quick! usually within 2 business days. 

Loan acceptance and funding

We make the loan acceptance process quick and easy, ensuring you can access your loan funds in time for your big purchase! 

Compare home loan options

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.

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

Ready to get started?

If you’re ready for a braver kind of banking, here are three ways to get started with Summerland Bank.

 

Apply online

Get started online with your ID at the ready and a quick check of your personal details.

Contact us

Good old-fashioned customer service, the Summerland way.

Visit a branch

Find your closest Summerland Bank branch and our friendly local team will be ready to help.

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