a. Knowing how Reserve Bank decisions can affect your home loan interest rate can be illuminating, but good home loan advice is even more important. For Fixed Rate Home Loan, additional repayments of up to $500 in excess of your minimum monthly repayment are permitted. On each anniversary of your loan’s settlement date, you will receive an additional discount of 0. 7. From 17 November, Suncorp Bank will increase home loan variable rates by 0. It’s simple and quick, and you can find loans as low as 5. ). Features and Benefits. a. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. ). 6. Your phone number must be registered to receive texts from Suncorp Bank. Notify your lender. $99 first year fee, reverts to $129 thereafter. Many economists are tipping the Reserve Bank to take the cash rate to a further record low of 0. a. Download our Lending Fees and Charges brochure, or pick one up from your nearest Suncorp Bank store. The Wealth Package is suitable for loans over $250,000 in most cases. 48% (comparison rate^ 6. 1. But in a surprising twist, CommBank, Suncorp, and Macquarie have all announced cuts to their fixed interest offers this week, some by up to 1. Existing lending ≥$150,000 and new equity lending between $10,000-$25,000 and borrowings ≤80% of the security property value (LVR) inclusive of lenders mortgage insurance (if. 50%, effective 12 July. Choose a fixed term (between 1 and 60 months). The calculations do not include fees which are dependent on events that may not occur (for example, fees incurred to change. 60% Market average loan approval rate 97% our loan Approval rate 1217 5 star Reviews on google Suncorp is a smaller bank with good home loan specials and interest rates. Call us on 13 11 55. 50% per annum (p. 1 Apply in as little as 20 minutes. a. 6. New Rate. Vacant land loan, construction loan, investment loan. Suncorp's cash bonus for borrowers going green. comparison rate*) Residential Fixed 5 Years: 45 basis point increase to 4. 13% p. As at 1 July 2019, once the minimum repayment. 79%, and a comparison rate of 8. $350: $350. Manage your money 24/7 with our Suncorp App. a. com. In a similar move, Suncorp also made the decision to lower its variable rates for the Standard Variable Home Loan Special for owner occupiers (LVR of <60%) by 10 basis points, by 15 basis points for the 60-70% LVR tier and by 5 basis points for 70-80% LVR . The Suncorp Standard Variable Rate Home Loan offers a 100% offset account, the ability to make additional repayments on your loan and a redraw facility. 00%. a. Suncorp wishes to protect what matters and build a future for their customers. comparison rate^. Variation Document Delivery MethodSuncorp : Bank announces interest rate changes. 15% of your loan amount or $500, whichever is higher, capped at $1000 for loans up to $2M. 60% (5. a. 32% p. At that rate, your repayments would be $1,835 per month on. The loan term is 30 years. Comparison Rate. The Suncorp Home Package Plus Fixed Home Loan is a fixed rate package loan. the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. % p. St George: Will increase its variable home loan rates by 0. Plus, benefit from. 229882 Australian Credit Licence 229882 (“Suncorp Bank”) to approved applicants only. Whether you’re thinking of refinancing, buying or investing, consider talking to Staff Banking first. By. Choose a variant. Please note that current Fixed Rate Home Loan customers who choose to split their loan may result in an Early. au helps you compare some of the lowest home loan rates on the market from leading Australian lenders. For more information on comparison rates * and the fees and charges that can apply please refer to our important information below. (8. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. (overseas: +61 7 3362 1712) If you’re a Visa card holder that is currently overseas, you can also contact Visa using a country-specific number listed on their website. ^The standard Fixed Rate offered on the day of settlement of th e loan will apply unless the rate is secured by paying a Guarant eed Rate Fee. The Green Loan has an ultra-low introductory rate of 0. ^Variable Interest rate effective 10 January 2002. a. $600 for loans <90% LVR. 70% p. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. au has launched a new Green Loan to help customers upgrade their homes with energy-efficient improvements. 50% per annum. 75%* p. ^. Low rates for purchase and refinancing Simple online application process No fees, unlimited redraws, 0. For a paper copy visit your local branch or contact us on 13 11 55. Depending on the interest rate, a home loan is of three types, fixed-rate, floating rate and hybrid. ). Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. ). 6. Start your application online or call us on 1800 100 258, 8am-8pm Mon-Fri and 9am-5pm Sat (AEST/AEDT). Please call 13 11 55 (or +61 7 3362 1712 from. 0 (602) Loan Studio 4. Eligible Suncorp Bank home loan customers could make eco-friendly home improvements with a special reduced variable rate equity home loan offer. Many Aussies are opting for fixed-rate loans, and it is important to understand the implications as the fixed term concludes. 24% p. Launch the Suncorp App. Compare low-rate home loans below and save money on your mortgage. This increase means that for every $100,000 of loan balance remaining on a customer's 25-year variable loan, they can expect their monthly repayments to increase. Share. ” In addition to the fixed rate, eligible customers refinancing their loans to Suncorp can receive cashbacks of $2,000 for loans between $250,000 and $749,999, and $3,000 for refinanced loans greater than $750,000. $3,436. a. Historically, fixed rate loans have been higher than variable rate loans. Specialised and package loans. %. 3 Pre-approval outcome If successful, your pre-approval letter will be valid for 90 days. The discounted rate is only applicable to the Standard Variable loan while the loan remains in a Home Package Plus. 1. ). 15% per annum, following the Reserve Bank of Australia’s decision to lower the official cash rate. This is an increase of 1. It dropped some of its valuable rate home loan offerings by as much as 30 basis points, while increasing some of its fixed rate products. deposit Owner-occupier Offset account. • Fixed Rate Qualifying Loans cover home loans with a Fixed Rate of one, two, three and five year terms. 00%p. Banking products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 (“Suncorp Bank”) to approved applicants only. To see your current interest rates, select your account type from the list below: flexiRates. This product is available in different versions. Just great investment property loan rates. 60%. ). Suncorp Bank offers three home loan options, with benefits such as fixed repayments and no ongoing account keeping fees. 51% p. Take your time and check with multiple lenders to ensure you get the. a. 1 to 5 year loan terms available. For more information on fees, view the EPIA brochure . for 9 months on balance transfers. Suncorp Bank has announced that it will increase its variable home loan interest rates by 0. Suncorp Bank fixed rate loan? When you take out a Suncorp Bank fixed rate loan, your interest rate is locked in for the fixed rate period. It doesn’t allow for cashback, add loans, offset, or anything more than $500 per month over your normal repayments without penalty. a. Get started online today!With a fixed rate loan, you are protected from fluctuations in interest rates for a set term. Macquarie Mortgages has a somewhat checkered reputation as. Newcastle Permanent Variable Home Loan (Premium Plus Package) $2,000 cashback for loans of $250,000 or more (T&Cs apply) Bonus $1,000 cashback for loans of $500,000 or more. This increase means that for every $100,000 of loan balance remaining on a customer's 25-year variable loan, they can expect their monthly repayments to increase by around $14. Extra repayments. Monthly Payment. Everyday Options Main and Sub Accounts. Tap Transfer and choose your accounts you want to transfer between, as well as the amount. Suncorp's sub-2% home loans became available, with the 'Home Package Plus' loan for owner-occupiers cut by 40 basis points down to 1. $2,293. e. To support savers, the Suncorp Bank Growth. 6. That’s what the ‘warning’ is about – a reminder that the example comparison rate is just that, an example. Read full review. Existing lending ≥$150,000 and new equity lending between $10,000-$25,000 and borrowings ≤80% of the security property value (LVR) inclusive of lenders mortgage insurance (if. The loan with the lowest rate is the least expensive — and usually the best choice. Refer to the Home Lending Interest Rate Guide (PDF 442KB) for other. Principal and Interest. Home loan variable rates will increase by 0. Your guide to home loan comparison rates;. 25% per annum. 5. The decision lifts the official cash rate by 25 basis points to 4. 2% this week, while smaller counterparts put forward changes while large as 0. a. Or call us on 13 11 55 Mon - Fri 8am - 6pm (AEST) Manage my existing loan. 98% p. Your next homestarts here. The balances of all the funds in your main transaction account and the linked subs are combined to offset the amount owed under the loan thereby reducing the interest on your linked Standard Variable home loan. To learn more about Suncorp Bank’s home loan interest rates, we’re happy to lend a helping hand. Wenn you’re looking to borrow more than $150,000 and have the fewest a 10% deposit or equity in your home, the Back up Basics Home Loan from Suncorp has all thatSuncorp Home Loans. 5. a Fixed - 5 years (Comparison Rate* 6. Flexibility to split your loan and set different repayment types. Our Suncorp Bank Standard Variable Rate Home Loan is designed for borrowers who want the flexibility of a variable rate, and would like to take advantage of features like an offset loan or cashback facility. Home Loans are provided by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No. This includes settlements, refinances and. 42%, to hold steady. Finder Award Principal & Interest 40% min. SMSF home loan interest rates start from 6. While it lacks an offset account it does allow you to make extra repayments and redraw them. a. 6. They offer their banking and insurance products to those in Australia and New Zealand. With our Orange Advantage offset home loan, you could pay off your loan faster by using your savings to reduce the amount of. 229882 Australian Credit Licence 229882 (“Suncorp Bank”) to approved applicants only. Qualifying Loans – means the type of Suncorp Bank loans that can qualify for interest rate discounts. +Discounted rate is only available for new Personal/Owner Occupied loans taken out as part of the Home Package Plus Special Offer >= $150,000 and borrowings <= 60% of the security property value (LVR) inclusive of lenders mortgage insurance (if applicable), with Principal and Interest repayments. Button. Deposit rate changes. For every $100,000 of loan balance remaining on a customer’s 25-year variable. The growth was 3. BankWest: $10,000 per annum. High LVR home loans – can lend 95% plus LMI. They can help you access the latest staff offers and offer expert assistance. Just applied to move moy mortgage over to Suncorp and the online form was quick to load and easy to understand and navigate. 1. Home Loans. 6 months. Personal loans are unsecured loans with fixed annual percentage rates, generally from about 6% to 35. Suncorp Bank CEO Clive van Horen said we. Owner occupied, principal and interest 3-year fixed rate will reduce to 5. WARNING: This comparison rate is. Following the Reserve Bank of Australia’s decision on Tuesday 7 February 2023 to increase the cash rate, Suncorp Bank announced new interest rates for home loan and savings customers. For a limited time only and subject to change Comparison rate: The comparison rate for the home loan is based on a loan amount of $150,000 over a loan term of 25 years. Fees for our Standard Variable home loan – Our offset facility loan. Your eight-digit Customer ID is displayed. Suncorp Home Package Plus Fixed - 3 Year Fixed Rate LVR ≤90% (Investor, IO) Suncorp Home Package Plus Fixed - 5 Year Fixed Rate LVR ≤90% (Investor, IO) Comparison Rate p. 73% pa*) and loan amounts of up to $25,000, customers can purchase and install energy-efficient products such as solar. 49% from the Standard Variable Rate (currently 8. Interest is calculated daily on the whole balance of the nominated flexiRate amount and paid at the end of the flexiRate period. · 10 months ago. After that, an Early Payment Interest Adjustment Fee (EPIA) may apply. 15 per cent a year. 5% at its first meeting of 2020 in February. $14,042 more expensive. 55% p. Lenders know interest rates can increase so they’ll factor that into loan serviceability too. a. 61 %. The November rate hike is the first official interest rate change from new. Standard Variable Home Loan Special (Home Package Plus) - Investor. You fixed your rate at 6. Protect & maintain my home. 29% per annum and you didn’t have an offset account, calculating your daily interest charge is as simple as this: $460,000 x 0. a. From 16 December, Suncorp Bank will increase home loan variable rates by 0. — Existing Access Equity (Line of Credit) FacilityComparison rates for Interest Only Variable home loans are based on an initial 5 year Interest Only period. ). a. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. Rates updated daily, 80+ lenders, expert editorial reviews and. The loan has a minimum amount of $10,000, an overall loan term of between 8 and 30 years (inclusive of both the fixed and. This increase means that for every. Suncorp Bank customers can apply for a home loan in a number of ways. 44% p. $ 2,552: FixedSuncorp, which has a much larger insurance business, last year signed a deal to sell its bank to ANZ for $4. 5. The rates shown are for principal and interest repayment and are current as of 6 November 2023. Home Loans are provided by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No. 51% p. 25 per cent, down from 1. 39% p. For example, if you have a Suncorp Everyday Options transaction account and you combine it with a Suncorp Standard Variable Rate or Fixed Rate home loan of over $150,000, you can take advantage of our Home. A comparison rate indicates the true cost of a loan, which is calculated by taking into account both the interest rate and the fees and charges related to the home loan product and reduces these to a single percentage figure for a secured loan amount. 89% aims to give customers certainty and confidence as they purchase their home. au. 41% is deducted from the Real Deal Home Loan interest rate. Variable interest rates have surged thanks to months of aggressive decisions from the Reserve Bank of Australia (RBA). Assessing loans using common sense instead of credit scoring. From 16 Summertime, Suncorp Banking will increase homepage loan variable rates to 0. NAB’s rate locking feature provides protection from changing interest rates for 90 days. Less. A hypothetical Bendigo-Suncorp Bank merger would create an operation with only 20 per cent of Commonwealth Bank’s size in home loans, leaving a “small bank with all the challenges that entails. If you're renting, you probably don't need to insure the building but you may still want cover for your contents - we can help. a. 69% p. ^^ Discounted rate is only available for new Personal/Owner Occupied or Investment loans taken out as part of the Suncorp Bank Green Upgrades Equity Home Loan Offer. 9%. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. 55% p. Investment. From 17 February, Suncorp Bank will increase variable rate term loans by 0. 69%. Ease of Application. and a monthly repayment frequency with principal and interest repayments. “An internet summary with things like rates, limits and repayments is always required, so it’s worth having at least that. Talk to a home loan expert. 1 Comparison rates are calculated on a loan amount of $150,000 for a term of 25 years. Our experienced team are happy to answer any of your questions and you're under no obligation to choose to us for your loan. 89%. The offer will save new Home Package Plus customers refinancing their loan to Suncorp $375 per year or up to. Discover How this Home Loan Calculator Can Give You an Indication as to How Much You may Borrow, Your Repayment Estimates and Even How Much You Can Save. To support savers, the interest rate on Suncorp Bank’s Growth Saver account will increase to 2. 25 per cent per annum from March 21, 2023. 6. You can even estimate how much you could borrow in minutes. Offset accounts cannot be linked to loan accounts with a fixed interest rate and you must have a variable rate loan account with a minimum balance of $20,000 to qualify for a fixed rate. To approved applicants only. Compare home loan rates from 25+ lenders and see if you can save. Applications for credit are subject to ANZ credit approval criteria. Borrow up to $30,000 with rates starting from 11. — Standard Variable Rate Home Loans — Fixed Rate Home Loans, where borrowings are less than or equal to 90% of security property value. 74% rate. This increase means that for every $100,000 of loan balance remaining on a customer's 25-year variable loan, they can expect their monthly repayments to increase by around $14. Start now. 85%, could save $269 per month in repayments, or $3,228 in just a year. From 16 June, Suncorp Bank will increase home loan variable rates by 0. For loans secured by residential property with a LVR of over 80%, or for loans secured by commercial property with a LVR of over 70%, a margin will be added to your interest rate. The bank has headquarters in Brisbane with branches throughout the country. Borrow up to $1,500,000. Mortgage broker offering finance for commercial property loans from multiple lenders in Australia. Interest Rate. comparison rate*), while investors can. Suncorp is a smaller bank with good home loan specials and interest rates compared to the bigger lenders. The most up-front benefit is a saving on your home loan, as interest rates can be reduced when home loans are packaged with other banking services. 59 per cent for owner-occupied properties and 6. If you’d like to speak to someone straightaway, please call 13 11 55 Mon-Fri 8am-7pm and Sat-Sun 9am-2pm (AEST) Button. The comparison rate is calculated on a loan amount of $150,000 and a term of 25 years. Call 13 11 55 (Overseas: +61 7 3362 1712) New home loan enquiries:. 14%. 6. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. View Suncorp Bank's home loans, home loan packages also loan calculator. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. ). , principal and interest home loans where the customer takes a variable rate with offset NAB Tailored Home Loan and has a deposit of 30% or more of. Manage your home loan. This increase means that for every $100,000 of loan balance remaining on a customer's 25-year variable loan, they can expect their monthly repayments to increase by around $14. 89% pa (comparison rate 1. This is in comparison to a bank loan, which has a down payment of 25% of the purchase price, and a lower LTV ratio of. 0. Major banks haven’t made significant cuts to their fixed rates home loans in. 9 (562) Professional Partners 5. 6. 25% per annum (p. a. 59 per cent for owner-occupied properties and 6. Here are some of the highlights for those seeking a variable rate home loan: Straightforward Plus P&I 90-95% LVR $500k: 30 basis point decrease to 6. Please see below for Suncorp's current variable rates on Better Together Home. Real Deal - Special 1. The choices you make now may significantly shape your future repayments. For example, a new loan may incur an establishment fee, while other fees such as a. This home loan from Credit Union SA shows why people are turning to customer-owned banking providers for great value home loans. Access exclusive staff offers and dedicated support. This increase means that for every $100,000 of loan balance remaining on a customer’s 25. You’re better off going strait o UBank as the 3. A maximum LVR has multiple eligibility requirements that need to be assessed as part of a loan application, approved and is not guaranteed. Fees, charges, terms and conditions apply and are available on request. For example, a new loan may incur an establishment fee, while other fees such as a monthly account-keeping fee may also apply. 04% p. Before choosing an interest-only repayment option, it’s. Suncorp features three main home loan product lines, including a ‘Back to Basics’ home loan, variable rate home loans, and fixed rate home loans. deposit Owner-occupier $150,000 to $500,000. au. Features. but most of the time it is only suitable for small home loans. Suncorp Bank has set its five-year standard fixed rate at 6. 74% p. Discounted Back to Basics Variable Rate with Better Together Special Offer. Suncorp Bank Home Package Plus Personal Variable Special (Interest Only) ($150k+) (LVR ≤ 60%) 6. ” In addition to the fixed rate, eligible customers refinancing their loans to Suncorp can receive cashbacks of $2,000 for loans between $250,000 and $749,999, and $3,000 for refinanced loans greater than $750,000. Trust. Getting your home loan through the same bank with which you have other products might also be beneficial. The new rates will come into effect from 18 May 2022. 5. We’re committed to protecting your personal information. Most lenders either have the form. Suncorp - Home Package Plus Fixed Rate Home Loan 1yr - 1 Year Fixed Rate. a. Like. After that, an Early Payment Interest Adjustment Fee (EPIA) may apply. 6. Button. Comparison Rate. The longest home loan you can have with Suncorp Bank is 30 years while the shortest loan period you can apply for is 8 years. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. All rates are valid until withdrawn and are subject to change. Splitting your loan is what the name suggests – typically your home loan principal will be divided into two portions, one variable and one fixed. Currently, if you refinance with a Suncorp Bank Back to Basics home loan and borrow $150,000 or more, you won’t be charged an establishment fee or monthly account keeping fees 1. Save up to $11,250! ## Pay no annual fee for the life of the loan if you take out a new Home Package Plus home loan of $150k+. Your income versus your expenses forms a big part of the home loan application assessment. 76, the average rate for the benchmark 15-year fixed mortgage is 7. 60%), Easy Saver Introductory rate for balances up to $250,000 (new Easy Saver Introductory rate: 5. a. Banking and home loan products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882 Australian Credit. Fees, charges, terms and conditions apply and are available on request. (comparison rate 6. Servicing Melbourne, Sydney, Brisbane, Adelaide, Perth, Hobart, Darwin and Canberramultiple home loan interest rates from 30 plus lenders that include the major banks and many other. For example, a new loan may incur an establishment fee, while other fees such as a. The cheapest home loan is the one with the lowest rate and reasonable fees. 25 percentage points from November 11. The discounted rate (currently 6. a. 25% following the Reserve Bank of Australia’s decision to increase the cash rate by 25 basis points. a. In similar fashion to Westpac, to lock in a rate NAB charges 0. 57% p. 30% per annum. Suncorp Home Loans (Home Loan): 1. But they can sometimes ask for more information and documentation than the other banks! The reality is Suncorp will suit different people depending on your situation and what specials are available. 09% p. ^^Discounted rate is only available for new Personal/Owner Occupied or Investment loans taken out as part of the Suncorp Bank Green Upgrades Equity Home Loan Offer. 15% of your loan amount. The advertised rate in Suncorp continues to be 3. ). The fixed rate lock-in fee is 0. (1. On November 10, Suncorp Bank released its financial results for the September quarter, showing its home lending portfolio shrunk 0. a. Eligible borrowers can avail Home Loans with attractive interest rates on both floating and fixed rate loans, lower Equated Monthly Instalments (EMIs) and no pre-payment charges on floating loan rates. 25% per annum (p. For both regulated and unregulated loans, the default rate applies in addition to interest charged under the credit contract. (5. 35 %. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. 25 per cent per annum from March 17. Features include: 100% mortgage offset: Some Suncorp home loans allow you to save on interest by linking the loan to a Suncorp Everyday Options bank account that can be put in “offset mode”. *Comparison rate is calculated on a $150,000 secured loan over a 25 year term.