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Summerland Bank home loans
Summerland Credit Union is based in NSW and offers a wide range of financial products and services, including home loans, saving and investment accounts and insurance products. You need to be a member to bank with this credit union, but anyone can join using Summerland’s online membership application. Summerland’s profits are reinvested into the business and members, who also get a say in how the credit union is run. Summerland meets the same regulatory standards as banks, so your money is as safe.
Summerland Home Loan Calculator
Interested in an Summerland home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Summerland compares to its competitors. Simply plug in your borrowing amount below.
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Why choose Summerland Bank
Summerland Bank Home Loans
Loan amount
Minimum deposit
Loan type & Term
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5.99%
6.04%
$2,253
Australian Credit Licence 239238
Fees & charges apply
Basic Loan
- Owner Occupied
- Variable
- 40% min deposit
- P&I
5.84%
5.89%
$2,221
Australian Credit Licence 239238
Fees & charges apply
Eco Home Loan
- Owner Occupied
- Variable
- 40% min deposit
- P&I
5.94%
5.99%
$2,242
Australian Credit Licence 239238
Fees & charges apply
Eco Home Loan
- Owner Occupied
- Variable
- 20% min deposit
- P&I
6.09%
6.14%
$2,274
Australian Credit Licence 239238
Fees & charges apply
Basic Loan
- Owner Occupied
- Variable
- 20% min deposit
- P&I
6.14%
6.19%
$2,285
Australian Credit Licence 239238
Fees & charges apply
Eco Home Loan
- Investor
- Variable
- 40% min deposit
- P&I
6.24%
6.29%
$2,307
Australian Credit Licence 239238
Fees & charges apply
Eco Home Loan
- Investor
- Variable
- 20% min deposit
- P&I
6.29%
6.34%
$2,318
Australian Credit Licence 239238
Fees & charges apply
Basic Loan
- Investor
- Variable
- 40% min deposit
- P&I
6.34%
6.39%
$2,328
Australian Credit Licence 239238
Fees & charges apply
Basic Loan
- Investor
- Variable
- 20% min deposit
- P&I
6.19%
6.56%
$2,296
Australian Credit Licence 239238
Fees & charges apply
Premium Home Loan
- Owner Occupied
- Variable
- 40% min deposit
- P&I
6.09%
6.64%
$2,274
Australian Credit Licence 239238
Fees & charges apply
Fixed rate
- Owner Occupied
- Fixed 5 years
- 40% min deposit
- P&I
6.19%
6.68%
$2,296
Australian Credit Licence 239238
Fees & charges apply
Fixed rate
- Owner Occupied
- Fixed 5 years
- 20% min deposit
- P&I
6.09%
6.70%
$2,274
Australian Credit Licence 239238
Fees & charges apply
Fixed rate
- Owner Occupied
- Fixed 4 years
- 40% min deposit
- P&I
Home Loans calculator
Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.
Your estimated mortgage repayments
Total interest
$0
Total repayments
$0
- All calculations are estimates only; they are not guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
- It is assumed that data entered into the calculator, including interest rates, do not change for the lifetime of the loan - unless specified.
- The Present Value provided by this calculator is displayed as the amount labelled 'Loan amount'.
- At the end of the interest-only period, the rate may change. For this calculation, rate switches to the current rate.
- The current rate is today’s average big 4 owner occupier advertised discounted variable rate (LVR 80%), unless you have inserted your own rate.
- Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.
- Months are assumed to be of equal length. However, given some months are longer than others, interest charged may vary depending upon the month.
- One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.
- The calculator uses the unrounded repayment to derive the home loan summary line graph and repayment schedule. However, institutions may round repayments to the nearest cent.
- Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
- Calculator does not include the cost of fees or other extra charges.
- Calculator does not account for changes to interest rates over time.
- This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Consider whether you need financial advice from a qualified adviser.
- After the interest only term ends, your repayments will change based on the current* interest rate. This rate is subject to change. Read our full disclaimer.
Summerland Credit Union customer service
Summerland Credit Union’s branches are located throughout the NSW north coast and regional areas, with one branch in Coolangatta, Queensland. Members can access their money with Summerland ATMs as well as all ATMs in the national Westpac network, including St George, Bank of Melbourne and BankSA ATMs. As a Summerland cardholder, you pay no direct charge fees at any of these ATMs.
- Customer service centre (phone)
- ATMs
- Mobile app
- Online banking
- Email inquiries
- NSW branches
How to Apply
To become a member of Summerland, you need to complete a membership application, which you can do online. All Australian citizens and permanent residents are eligible to apply, provided you are over 18 years old. Documents you need include:
- Personal ID.
- Proof of income – whether you are self-employed or work for an employer.
- Proof of other income, including rental income.
- Information regarding existing debts, liabilities and assets.
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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.