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- Equity Extra Overdraft
Equity Extra Overdraft
- Owner Occupied
- Variable
- 10% min deposit
- Interest Only
Interest rate p.a.
9.47%
Comparison rate* p.a.
Equity Extra Overdraft
- Owner Occupied
- Variable
- 10% min deposit
- Interest Only
Interest rate p.a.
9.47%
Comparison rate* p.a.
Summerland Bank Variable Rate Home Loan overview
For Equity Extra Overdraft
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
90%
Total repayments
Interest rate type
Variable
Borrowing range
$150k - $100m
Suitable for
Line of Credit, Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Interest only
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Summerland Bank to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$300
Application fee
$300
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$10
Discharge fee
$250
Pros and Cons
For Equity Extra Overdraft
Benefits
- Extra repayments and redraw facility
- Free redraw facility
Drawbacks
- No offset account
- Higher than average interest rate
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
