Customer service. Banking and home loan products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882 Australian. $350: $350. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. Comparison Rate. com. 25 per cent per annum from March 17. 61 %. 1217. One of the benefits of a fixed rate home loan is you pay the same amount every repayment whether it’s weekly, fortnightly, or monthly. Borrow up to $1,500,000. 25% to our Hero Saver rate * (new rate 4. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product. From 11 November, Suncorp Bank will increase home loan variable rates by 0. Unlimited additional repayments. Download the Suncorp App. “Our new two-year fixed home loan rate of 1. Suncorp features three main home loan product lines, including a ‘Back to Basics’ home loan, variable rate home loans, and fixed rate home loans. This increase means that for every $100,000 of loan balance remaining on a customer’s 25-year. It doesn’t allow for cashback, add loans, offset, or anything more than $500 per month over your normal repayments without penalty. Receive 120,000 bonus Suncorp Credit Card Rewards Points when you spend $3,000 on Eligible Transactions in the first 90 days from approval. A Suncorp Bank home loan expert can work with you to help set you up for success. Suncorp Home & Contents Insurance Offers Flexible Levels Of Cover For Your Assets Against Loss Or Damage Caused By A Range Of Insured Events. (6. 25% per annum (p. The new rates will come into effect from 18 May 2022. From 16 Summertime, Suncorp Banking will increase homepage loan variable rates to 0. 10% p. Suncorp has excellent specials with their 3-year and 5-year fixed. 60% (5. As you can see, the lower interest rate of Loan A results in a saving of almost $58,000 over 30 years. 99 % PA: 6. 2 year fixed interest rate home loans start from. It has a 6. Suncorp Bank has set its five-year standard fixed rate at 6. In only two minutes you could have an obligation-free indication of your borrowing power. $2,000 + $5,000 = $7,000 less the flexiRate balance of $1,000 = $6,000. Suncorp Bank was founded in 1902 as the Queensland Agricultural Bank. Online home loan provider homeloans. Suncorp Home Package Plus Fixed. Lock in your fixed rate with Suncorp Bank today. 0 (602) Loan Studio 4. Home loan variable rates will increase by 0. 15% per annum, following the Reserve Bank of Australia’s decision to lower the official cash rate. comparison rate) and is available to existing. Details Monitored by Suncorp Compare best Home Loans Loan Gallery Finance 5. 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. 89% pa (comparison rate 1. Copy the verification code from the text message and paste it into 'Enter Verification Code'. Suncorp Bank announced on Tuesday it would increase home loan variable rates by 0. The fixed rate lock-in fee is 0. 6. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. 25% per annum (p. Expert review This is a basic variable loan with minimal fees that requires a 20% deposit. 52% from the Standard Back to Basics Variable Rate (currently 8. Unauthorised transactions. 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. Suncorp Bank – Home Package Plus Personal Variable Special (Interest Only) ($150k+) (LVR ≤ 60%) More details. Our experienced team are happy to answer any of your questions and you're under no obligation to choose to us for your loan. Variable loans have interest rates that fluctuate according to the current market. Your guide to home loan comparison rates; Home loan features: How your home loan could work for you. 65% p. Suncorp Bank occasionally has some great home loan. Press Enter to activate tab; Refinancing Refinance your mortgage with our low refinance rates — and potentially lower your monthly mortgage payment Tab 4 out of 3. 69% p. 7. 5. Everyday Options Main and Sub Accounts. Mozo snapshot. # We have also lowered some of our fixed rate home loans, to provide security and certainty for customers. You can call us on 1300 889. News 8 February 2023. The rates shown are for principal and interest repayment and are current as of 6 November 2023. 99 %. 9 (562) Professional Partners 5. 6. 6. au. Well THAT was pretty painless. 14%. Suncorp Back to Basics variable interest rate and Standard variable interest rate will increase by 0. 70% p. If you’ve got a Fixed Rate Home Loan with Suncorp Bank, you can make extra repayments of up to $500 a month more than your regular minimum monthly repayment. ^^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. $ 2,552: FixedSuncorp, which has a much larger insurance business, last year signed a deal to sell its bank to ANZ for $4. For new Owner Occupier loans (Principal & Interest. Mortgage broker offering finance for commercial property loans from multiple lenders in Australia. Today Suncorp provides term deposits, savings accounts, home loans, personal loans and other financial services to over 800,000 customers through 178 retail outlets, 680 ATMs, 46 Business Centres, online banking. • $4,000 cashback for a new refinanced home loan of $1,000,000 or more, LVR ≤90%. 4. Explore our range of simple and flexible home loans. Deposit rate changes. 60 Highlights Low variable interest rate. 25% per annum (p. a. Home Loans are provided by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No. Finder Award Principal & Interest 40% min. This increase means that for every $100,000 of loan balance remaining on a customer's 25-year variable. com. 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. Joint applicants under 18s please call us 13 11 55 or visit a branch. Q2. 17. The Suncorp cashback will be paid to you within 1-2 months from the settlement date. a. Difference in cost. 3 Pre-approval outcome If successful, your pre-approval letter will be valid for 90 days. You can choose to pay the loan off early with extra repayments or enjoy low monthly repayment amounts and. Choose a fixed term (between 1 and 60 months). 98% p. This home loan from Credit Union SA shows why people are turning to customer-owned banking providers for great value home loans. a. 5. Also includes 0. Loan Type: Variable Rate. ^Rates shown are inclusive of a 0. ). 24% p. Flexibility to split your loan and set different repayment types. Today, the lowest rate personal loan comes with a fixed interest and comparison rate starting at 6. ). Everyday Options main account interest is calculated daily and paid half yearly. Convenience. a. This product is available in different versions. What you. Manage your money with our fixed rate loan option – choose a fixed-rate term that suits you. a. the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. a. Unlike most debts, student debt affects the income side of the equation. from. Monthly Payment. Old Rate. Just great investment property loan rates. 04% p. For Fixed Rate Home Loan, additional repayments of up to $500 in excess of your minimum monthly repayment are permitted. See the base and bonus interest that you can earn on your savings. Home Loans are provided by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No. 72 per cent a year and Suncorp's Back to Basics home loan will. 89% aims to give customers certainty and confidence as they purchase their home. If you don’t know if interest rates are going to go up or down, a split home loan allows you to hedge your bets. a. Splitting your loan is what the name suggests – typically your home loan principal will be divided into two portions, one variable and one fixed. On November 10, Suncorp Bank released its financial results for the September quarter, showing its home lending portfolio shrunk 0. A maximum LVR has multiple eligibility requirements that need to be assessed as part of a loan application, approved and is not guaranteed. From 17 November, Suncorp Bank will increase home loan variable rates by 0. We also have a lot of negotiating power with the 50-plus lenders on our panel. No application or ongoing fees. com. 19% p. 25% following the Reserve Bank of Australia’s decision to increase the cash rate by 25 basis points. P&I. Suncorp’s offers for First Home Buyers can help ease some of the strain by refunding the annual $375 fee. Even our fixed rate terms are for relatively short periods. Looking to increase your home loan?. 99% comparison rate*) and no ongoing fees. 55% p. 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. In the scenarios above, opting for interest-only repayments for 2 years will. Today we are announcing Suncorp Bank’s variable home loan interest rates will increase by 0. ING has confirmed all variable home loan rates will increase by 0. 03% p. call 1300 889 743 phone GET A. Fixed rate loans made 35 per cent of Suncorp’s home loan book in 2022, up from 25 per cent the previous year. Various fees and charges may apply to a Suncorp Bank Home Loan. From 17 March, Suncorp Bank will increase home loan variable rates by 0. 20% for new. For example, if you're looking at a property your lender has valued at $500,000 and you have a deposit of $100,000 (20%), you'll need to borrow. Business Line of Credit Reference Rate. 01% p. With rates rising, now is the time to compare home loans. ^^ 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. Home Loans are provided by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No. (5. To approved applicants only. a. a. and a monthly repayment frequency with principal and interest repayments. $14,042 more expensive. 4 out of 5 stars from 79 genuine reviews on Australia's largest opinion site ProductReview. a. a. Read full review. Home Package Plus (HPP) Standard Variable Special Offers valid 20 October 2023. 65% p. Suncorp: Will increase its variable home loan rates by 0. . 25 per cent, down from 1. With a variable rate home loan, your interest rate isn’t locked in, so your required repayments could increase or decrease as interest rates rise and fall. 6. 57% p. ). a. a. 16% p. Fixed Rate Loans: Fixed interest rate remains the same throughout the loan period, thereby, keeping the home loan EMI constant. 25%, effective from December 15. p. Compare SMSF home loans to purchase an investment property within your self-managed super fund. a. The second benefit is the waived establishment fee on a linked mortgage offset account. Discounted interest rates and savings on fees / charges. New Rate. Deposit rate changes. Find leave if she could save. 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. All rate changes below refer to lenders’ responses to the RBA’s rate hike. Find out why Suncorp Bank is banking you can feel good about. Goodbye Suncorp. ING Mortgage Simplifier Home Loan. No offset or redraw facility during the fixed rate period. ^^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. Split the loan any way you like, 75% fixed, 25% variable or 40% fixed, 60% variable - the choice is yours. 94% p. Suncorp’s Green Upgrades Home Loan product offers eligible Suncorp Bank home loan customers the ability to finance eligible eco-friendly home improvements with a reduced variable rate equity home loan. 10%), and Smart eSaver Variable Smart rate * for balances up to $500,000 (new rate 2. Types of Home Loan Interest Rates. Banking and home loan products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882. 25% per annum (p. 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. au will provide regular updates below of each lenders' announcements regarding passing on this February 2023 rate hike to variable rate home loans. 1 Apply in as little as 20 minutes. 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. au helps you compare some of the lowest home loan rates on the market from leading Australian lenders. Plus, benefit from. Fees, charges,. My property has increased in value. You’ll only pay interest on $94,000. 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. Suncorp Bank has set its five-year standard fixed rate at 6. a. Offering no establishment or account fees, eligible customers can borrow from $10,000 up to $25,000 with principal and interest repayments. 40% p. Your eight-digit Customer ID is displayed. Suncorp today announced that, in response to increased wholesale funding costs, it will raise the interest rate on its variable home loans by 0. What is this Fixed Rate Home Loan? Suncorp Bank’s Fixed Rate Home Loan is a home loan with an initial fixed interest rate period which, when expired, reverts to a standard variable interest rate and can be re-fixed. That’s a saving of $11,250 over a 30 year loan. 24% p. Lenders know interest rates can increase so they’ll factor that into loan serviceability too. Suncorp Offers a Flexible Range of Award Winning Bank Accounts and Savings Accounts for Your Everyday Transactions - Make the. 04% p. 59%. • Variable Qualifying Loans are home loans with a Standard Variable Rate, Access Equity facility and Variable Margin Loan. ). Macquarie Bank Offset Home Loan Package. They offer their banking and insurance products to those in Australia and New Zealand. a) Australian Mutual Bank. Fees for our Fixed rate home loan. 6. Standard Variable Rate (with Package) Interest Rate. In this case, you will pay $287,478 in interest. Savings Account Interest Rates. 13% p. The interest rates that banks set for home loans are influenced by a number of factors. Notify your lender. St George: Will increase its variable home loan rates by 0. 95% since May. From small beginnings as a Queensland agricultural bank, Suncorp has grown to become Australia's sixth largest bank. 6. 70%. Use the Suncorp App. Suncorp Bank said interest rates applying to its and Growth Saver accounts and its. Banking products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 (“Suncorp Bank”) with Home Loans to approved applicants only. Comparison Rate. 01% p. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. starts here. The Bank's new 1. To learn more about Suncorp Bank’s home loan interest rates, we’re happy to lend a helping hand. Talk to a home loan expert. for 9 months on balance transfers. Fixed Rate home loans are excluded from Cashback. ” 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. 32% p. Button. a. Suncorp is a smaller bank with good home loan specials and interest rates compared to the bigger lenders. In most cases, the answer is no. comparison rate. Hit 'Send Verification Code to this Number'. 10% p. ). ANZ NAB, Westpac, Suncorp, Commonwealth Bank, and many more. a. Assessing loans using common sense instead of credit scoring. Macquarie was dubbed by the media as the Millionaires Factory for its sky-high bonuses paid to staff and even higher profits. Before choosing an interest-only repayment option, it’s. ). 74% p. The Standard 3 Year Fixed Rate applicable on the day of settlement of the loan will be used to calculate the applicable discounted fixed rate unless the rate has been secured by paying a. a. If you’re looking to borrow more than $150,000 and have at least a 10% deposit or equity in your home, the Back to Basics Home Loan from Suncorp has all the great features you want in a mortgage - a competitively low interest rate, no fees and flexible payment options. Eligible for annual package (fee payable) with discounted interest rate for loans over $150,000. 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. Suncorp to return majority of net proceeds to shareholders. 14 per cent for first-home buyers on the “Home Package Plus” plan. 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. 6. 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. Credit Interest Mode Variable Interest (standard interest) is paid on every dollar in your Everyday Options AccountTalk to a home loan expert. You can even estimate how much you could borrow in minutes. It’s full of handy features, and best of all, offers some seriously competitive rates. In addition to potential benefits such as a more competitive interest rate and the convenience of debt consolidation, refinancing your home loan could provide you with more equity for investments or renovations. 25 percentage points from November 11. For example: If your home is valued at $750,000 and you have $600,000 owing on your loan, you’d have $150,000 in home equity. 88 % p. 25% per annum (p. Cover for: New for old replacement for your lost or damaged items. Comparison rates take into account the interest rate, in addition to extra fees and charges, whereas the headline rate is just the basic interest rate. 9 billion. It has a different loan structure to home loans designed for people buying an existing home. Home Loans are provided by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No. 229882 Australian Credit Licence 229882 (“Suncorp Bank”) to approved applicants only. a. 98% p. Call 13 11 55 (Overseas: +61 7 3362 1712) New home loan enquiries:. for the life of the loan. The loan term is 30 years. $1,108,291. With rising rates in 2022 and 2023, a variable rate home loan became the better option for most people. 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. Our experienced home lending team are happy to answer all your lending questions. Everyday Options main account. Tap Transfer and choose your accounts you want to transfer between, as well as the amount. From small beginnings as a Queensland agricultural bank, Suncorp has grown to become Australia's sixth largest bank. 60%. For mortgage holders, November will offer no relief as the changes ripple across home loans. After that, an Early Payment Interest Adjustment Fee (EPIA) may apply. 1 Comparison rates are calculated on a loan amount of $150,000 for a term of 25 years. 00%p. The lowest rate on a secured personal loan is the same at 6. Say you borrowed $300,000 to be repaid over 30 years on Suncorp’s current Standard Variable Home Loan rate of 5. HSBC home loan rates start from 5. 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. Standard variable rate home loan with offset account is Suncorp’s most popular home loan, and offers: 100% mortgage offset account to save on interest costs. Owner occupied, principal and interest 3-year fixed rate will reduce to 5. Macquarie was the bank that funded Aussie Home Loans in the late 90s, bringing competition to the major banks and forcing them to lower their interest rates. 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. 6. WARNING: This comparison rate is. 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. Get an award winning home loan for first home buyers. Scenario one: Home loans are usually offered for a maximum term of 30 years. Choice of loan terms of 1,2,3 and 5 years. Copy it, and you're ready to go back to Internet Banking. Make extra repayments during the fixed rate period of up to $500 per month with no early. The discounted rate (currently 6. While it lacks an offset account it does allow you to make extra repayments and redraw them. 25% per annum (p. Compare SMSF home loans and providers. Other options for Agribusiness Customers. Start your application online or call us on 1800 100 258, 8am-8pm Mon-Fri and 9am-5pm Sat (AEST/AEDT). The legal stuff. The amount and type of applicable fees depend on how much you borrow, the type of loan you choose, the options – such as offset or Cashback – that you. 64%. discount off our reference rate. Suncorp wishes to protect what matters and build a future for their customers. Fees. 16 November 2023. *Discounted rate is only available for new Personal/Owner Occupied loans taken out as part of the Better Together 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 and who hold a Suncorp Bank transaction account. a. a. 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. 5% p. Share. a. a. For Fixed Rate Home Loan, additional repayments of up to $500 in excess of your minimum monthly repayment are permitted. a. By. Effective Tuesday 15 January 2008, the interest rate on Suncorp's Standard Variable home loan will increase to 8. Lost, stolen or damaged cards. 09% p. For loans above $2M, the fixed rate lock-in fee is 0. 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. Pension Funds. 229882 Australian Credit Licence 229882 (“Suncorp Bank”) to approved applicants only. Check in on your current home loan. Ad. 76% comparison rate*). Think of it as a ‘DIY super fund’ because, while SMSF. au The discounted rate (currently 6. Talk to a home loan expert. New to bank lending ≥ $150,000. Loss of damage to your home contents from insured events like floods*, storms, fires ^, and theft. Owner occupied home loans with principal and interest repayments and at the current time, an LVR of less than or equal to 80%. 6. No fuss. Banking and home loan products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882. deposit Owner-occupier $150,000 to $500,000. 69%. From 12 May, Suncorp Bank will increase home loan variable rates by 0. Following the Reserve Bank of Australia’s decision on Tuesday 7 February 2023 to increase the cash rate, Suncorp Bank announced new interest rates. View Suncorp Bank's home loans, home loan packages also loan calculator.