Legal information Privacy policy Cookie & data policy Accessibility Sitemap. We use cookies and other related technologies to improve and tailor your website experience. One-off loan establishment and offset fee. Redraw additional repayments as cashback. Conditions apply to all products, loan options, discounts and packages and are available from Suncorp-Metway Ltd ABN 66 010 831 722. The changes will see all variable rate home loans increase 0.17% p.a. and small business loans increase 0.10% p.a. Suncorp Bank offers a variable rate home loan with a range of features to help you pay off your mortgage faster. The average salary for Suncorp employees in Australia is AU$82,682 per year. Whether you want to get pre-approval, a new loan or refinance your existing loan with Suncorp, you can apply quickly online. The Home Lending Interest Rate Guide also contains all standard interest rates used for the calculation of our Special Offer Interest Rates. This rate incorporates certain fees and charges that are applicable for the chosen product. Find all the product details, interest rates, real customer reviews, and more on Mozo! Registered office: Level 28, 266 George Street, Brisbane Qld 4000. Are you buying a home or looking to refinance? 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. For all queries about existing Suncorp Home Loans call 13 11 55 Mon-Fri 8am-6pm (AEST), Book a visit with one of our friendly lenders, Comprehensive COVID-19 support for our valued customers, including deferred payments. A variable rate may go up or down during the term of the loan. Note: Special Offer Interest rates quoted below are inclusive of a discount margin which is deducted from the Standard Interest Rate. Your dedicated lender will review your application and reach out to you in the next business day to discuss your options and answer any questions you have. The Reward and Recognition program ("Suncorp Benefits") is being operated by Loyalty Corp Australia Services Pty Ltd ABN 39 615 958 873. Estimated repayments at end of fixed rate period: Estimated repayments at end of interest only period. Suncorp Bank's head of intermediaries, Steve Degetto, said the new offers give customers the flexibility to select a competitive rate that suits their individual circumstances. More about this loan, We offer a range of home loan options to best suit your situation, Back to Basics Home Loan Your business will benefit from any interest rate decrease but if rates increase, your repayments may increase. Download the Home Package Plus Terms and Conditions. This site will not function correctly without JavaScript enabled. Fixed Rate Home Loan We’ll waive the annual package fee for the first year, saving you $375. Are you buying a home or looking to refinance? Current standard fixed rates and discounts are subject to change without notice. Get a $3,000 cashback when you switch to Virgin Money with … The Interest Only period on a Fixed Rate must equal the Fixed Rate term. Please upgrade to a current browser to enjoy the best experience. News. You can get pre-approval within 1 business day, providing everything in your online application checks out and there is nothing further to review. A low variable rate home loan with no ongoing account keeping fees, Standard Variable Home Loan Once the online application has been submitted, you will hear from your dedicated lender within the next business day to confirm the details provided and answer any questions you may have. Your browser version is no longer supported, so you may experience issues while using this site. The rate of 3.59% is 0.66% lower than the average 4.25%. Suncorp Benefits give you discounts of up to 15% from over 100 retailers so you can save when you shop.^^. Suncorp Bank has discounted its interest rates across standard variable and three-year fixed owner-occupied and investor Home Package Plus products by up to 1.55 per cent. + 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 <= 80% of the security property value (LVR) inclusive of lenders mortgage insurance (if applicable), with Principal and Interest repayments. Feature #Latest. Standard Variable. Normal waiting periods may be impacted due to COVID19, however, we will always aim to get back to you as soon as possible. Receive a discount of up to 20% off the first year's annual premium on new to Suncorp Home, Landlord and/or Contents insurance policies. Alternatively, your lender may contact you for more information so we can progress you to the next stage. Banking products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 (âSuncorp Bankâ) to approved applicants only. Variable home loan rates Variable home loans have never been cheaper. Please enable JavaScript in your browser. The discounted rate is available on eligible loans applied for from 19 November 2020. Also it is 1.9 % lower than the highest rate 5.49 Updated Aug, 2019 on Suncorp Bank's secure website. You will need to apply for this. Suncorp Bank is only liable for the banking products or services it provides and not the products and services of the other companies in the Suncorp Group. Each comparison rate is based on $150,000 over 25 years. Estimated repayments at end of fixed rate, interest only period: Talk with a home loan expert This cut follows the 0.80% pa rate reduction which Suncorp announced following the Reserve Bank's official cash rate decrease on October 4. A variable rate loan for owner occupiers with a 40% deposit (or equity) borrowing under $500,000. Interest is only paid on the amount drawn. Staff Reporter Monday, 7 Jul 2014 3 minute read. Our Fixed Rate Home Loans provide the certainty of fixed repayments over a set term. To be eligible for Suncorp Benefits you must hold a current eligible personal policy or service with Suncorp or an eligible personal product or service from one of the brands in the Suncorp Network. We will ensure everything is correct and do a valuation if required (which can vary depending on individual circumstances). Unlimited additional repayments. is calculated by subtracting a discount of 2.44% from the Standard, Standard Variable Rate (currently 4.98% p.a.). Are you buying a home or looking to refinance? The discounted rate is available on eligible loans applied for from 5 March 2021. Providing steps 1 to 3 are successful, you can get final approval in about 1 week! You will still be responsible for all amounts owing in relation to your loan. Our experienced home lending team are happy to answer all your questions. You can apply online in around 10 minutes. A variable rate home loan is one where the interest rate can and will change over the course of your loan. Please enable JavaScript in your browser. Once the interest only terms ends, your repayments will automatically switch to Principal & Interest. Combine new lending over $150,000 with an Everyday Options bank account to get this discounted interest rate. The discounted rate is only applicable to the Standard Variable loan while the loan remains in a Home Package Plus. Rate indicated is Suncorp Bank's standard variable rate. A home loan will have a loan term (usually between 8-30 years), which can have the option of principal and interest or interest only repayments. The rate is determined by your lender, not the Reserve Bank of Australia, so while the cash rate might go down, your bank may decide not to follow suit, although they do broadly follow market conditions. Rates effective 8th February 2021 … These comparison rates apply only to the example or examples given. Rates are subject to change. Registered office: Level 28, 266 George Street, Brisbane Qld 4000. A rate that is variable and is subject to change over the loan term. This is a one-off payment and can be financed into the loan. Sorry, an error occured while retrieving your repayments amount. These comparison rates apply only to the example or examples given. Package your Standard Variable Rate or Fixed Rate home loan of $150,000 or more with an. Everyday Options – Offset Mode, reduce the interest charged to your Standard Variable home loan. Loan to Value Ratio (âLVRâ) limits are inclusive of Lenders Mortgage Insurance (LMI) where applicable. The road to recovery even longer for regional communities . Our Home Loan Cashback feature lets you redraw funds that you've paid in advance of your normal scheduled home loan repayments. For loans over $150,000 you may be eligible for a special offer or Home Package Plus discount – terms and conditions apply. Find out how. Make additional repayments up to $500/month without penalty. They'll call you within 24 hours to discuss your home lending needs. To compare other home loans, please click here. Registered office: Level 28, 266 George Street, Brisbane Qld 4000. It is obligation-free and you can apply online more than once. Save on interest with a mortgage offset when your loan is linked to an Everyday Options bank account. In accessing Suncorp's site you agree to our, Product Information Documents and Forms page, Package their new Standard Variable or Fixed Rate home loan (new borrowingâs over $150,000) with our, Combine a Back to Basics home loan (new borrowingâs over $150,000) with our. Registered office: Level 28, 266 George Street, Brisbane Qld 4000.