Our Customer Assist team can help you get the support you need. 8. a. A minimum loan application amount of $500,000 is required for the financing of a home or refinance. Now, you might think that Suncorp Bank boss Clive van Horen would be showered with praise for growing the Queensland lender’s home loan book by an impressive 9 per cent. Enjoy a competitive variable interest rate from Up. For monthly interest payments, the rate is marginally lower than those above. Mortgage rate: The standard variable CBA home loan interest rate will increase by 0. Price. You must agree to Suncorp Bank’s terms and conditions before you can access Internet Banking and the Suncorp App. Apply by 31 December 2022, settle by 31 March 2023. What is this Standard Variable Rate Home Loan? Suncorp Bank’s Standard Variable Rate Home Loan is a home loan with a variable interest rate. ANZ also said from Friday, it would offer a new 12-month Advance Notice term. NAB Tailored Home Loan (Variable, Owner Occupier, Principal and Interest) Loan to Value Ratio (LVR) Interest rate. 25 per cent, down from 1. a. Unique to Suncorp, the flexiRate feature allows you to lock part of your savings away at a fixed interest rate. 28 % 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. Find out more. Please call us on 13 11 55 for more information. Refinancers borrowing $250K+ can get a cashback of $2,000 with an LVR of 80% or less (terms & conditions apply). Updated on November 24, 2023. Fixed Rate Fixed home loan rates Lock in our low 3-year Fixed Rate Home Loan Fixed Rate 6. Maximum LVR 80%. ^. 25% p. 99%. Balances $0. Suncorp Bank has unique home loans and low-interest rates. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking. *Bonus interest may be payable if at least $20 is deposited into the account each month and when no more than one withdrawal is made per month. The Package Fee is then charged annually to your Mandatory Account on each anniversary of. 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. 79% pa 2 Year Fixed Rate2. The package combines a Business Premium Transaction Account with an overdraft facility and up to three business loans. 60% (5. The Green Loan has an ultra-low introductory rate of 0. Minimum $150,000 and Maximum 90% LVR. $6. 49 % p. Share. Your LVR in this case is 60%. 070%, according to rates. For mortgage holders, November will offer no relief as the changes ripple across home loans. Investor rates. While they can help with business loans, they’re really after commercial property investors and that’s what they’re best at. call 1300 889 743 phone GET A. 229882 Australian Credit Licence 229882 (“Suncorp Bank”) to approved applicants only. Repayment. 15. au - New. You can make additional repayments to your Standard Variable or Back to Basics Variable Home Loan at any time. $2,000 + $5,000 = $7,000 less the flexiRate balance of $1,000 = $6,000. 9. 25% per annum for home loan customers following the Reserve Bank of Australia’s cash rate. a. Suncorp Bank will reduce variable interest rates by 0. Qualifying Loans – means the type of Suncorp Bank loans that can qualify for interest rate discounts. Our Agribusiness Loans are available for a broad range of agri-lending purposes such as property purchases, off-farm investments, capital improvements or the consolidation of existing finance. 7. 75% p. A variable rate home loan with a 100% interest offset facility. $750 fee applies if you rate lock ~ – learn more about rate lock. Toggle navigation. 60%. Yellow Brick Road. 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. To support savings customers, from 15 June, Suncorp Bank will also introduce a new term deposit rate of 2. We reserve the right to amend or withdraw these offers at any time. 19% 6. Fill out your details as requested. 13% p. Repayment. Extra repayments. This makes it easier to tailor your loan to its purpose. Can make lump sum and extra repayments on all loans. Most bridging loans are for the purchase of an. 89%. 14% p. Comparison Rate*. 76. ). Read full review. Credit Interest Mode Variable Interest (standard interest) is paid on every dollar in your Everyday Options AccountBy comparing the interest rate on your current loan with offerings from other lenders you can get a clearer idea of potential interest savings. New to bank. Hypothetically, let's say you’re interested in borrowing $400,000 and the advertised annual variable interest rate is 2. a. Fees, charges, terms and conditions apply and are available on request. 40% p. Interest Rates Effective 20 November 2023. 125 percentage points lower than yesterday. a. News 3 March 2020. You'll receive a fixed rate from 6. 55% p. Flexible ways to repay. 6. 34% 6. 81 % p. annual fees, application fees) on top of the interest rate. 64%. a. Call us on 1300 557 763. Enquire now. 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. Register for Internet Banking. and apply for the best home loan. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. a. ^^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. For example, you might be borrowing $400,000 to purchase a home. $1,050,432. Rates and discounts are subject to change and may be varied if the loan purpose or repayment type is changed or where the borrower fails to hold a Suncorp Bank transaction account. Variable interest rates on all new and existing investor home loans, as well as new one and two-year investor fixed rates will increase by 0. Everyday Options sub-account interest is calculated daily and paid monthly. 3. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. Mortgage rate: The standard variable CBA home loan interest rate will increase by 0. 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. 40% p. The new rates will come into effect from 18 May 2022. Below are our discounted interest rates for eligible customers who. You can call us on 1300 889. Suncorp features three main home loan product lines, including a ‘Back to Basics’ home loan, variable rate home loans, and fixed rate home loans. The new rates will come into effect from 18 May 2022. Home Loan Reference Rates. $0. 99%: N/A: Interest Only: From 7. A rate which is designed to better reflect the cost of the loan by factoring in some of the associated fees (e. ). variable. Suncorp Bank has announced new interest rates for home loan and savings customers following the Reserve Bank of Australia’s decision on Tuesday, 6 June 2023. 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. Enjoy a competitive variable interest rate from Up. Home equity. Maximum LVR 60%. Choose 1, 2, 3 or 5 year fixed terms (3 year rate shown above). The Bank’s new 1. Comparison rates for Interest Only Variable home loans are based on an initial 5 year Interest Only period. 50%, effective 12 July. Winner of Best Refinance Home Loan, RateCity Gold Awards 2023. Commitments would include any current home loans you have, credit cards, personal loans, car loans and similar obligations. a. 6. 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. HSBC has fixed and variable rate loans. a. You'll be able to choose from a range of options including fixed or variable interest rates, and a choice of loan repayment and interest charging frequencies. Decide how your interest will be paid with options of monthly, quarterly, six monthly, yearly or at maturity. 4. Use our home loan repayment calculator to see. The average variable home loan rate on the market is 6. Updated On - 22 Nov 2023. 50% 7. The Home Loan Key Facts Sheet provided is based upon the information entered into the generator by the user. Next, Bank of Baroda, Union Bank of India, Punjab National Bank, LIC Housing Finance, Canara Bank, SBI and Indian Overseas Bank offer home loans at one of the lowest home. 80%) More details. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. 14% 6. 2010 and fixed the interest rate for 3 years at 7. There is also an Investor option available with this home loan, where interest rates sit at 6. Download the Suncorp App. a from 3 July, 2017. . 98% p. 40% 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. Home Loans rates. At the end of the fixed rate term, the loan will usually switch to a variable rate. ^^ Discounted Back to Basics Variable Interest Rate with Green Upgrades Equity Home Loan Offer. 6. Enquire now. Excludes refinance of existing Suncorp Bank loans or loan pre-approvals. Another way to earn bonus interest is the FlexiRate option, provided you lock away part of your savings for up to 12 months. 95% since May. a. 19 per cent pa) for loans over $150,000 for new to bank lending, (OO, LVR = 90 per cent). Other rates include a standard variable and a fixed rate option. Please read the relevant Product Information Document and Terms & Conditions before opening an account. 79% per annum comparison rate. LIMITED TIME OFFER . 5. 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. 14% 6. May 04, 2023 at 10:29 pm EDT. 1 Comparison rates are calculated on a loan amount of $150,000 for a term of 25 years. $14,042 more expensive. Credit criteria, fees and charges apply. Interest Rate. a. 1% but momentum had returned with a. Choose a variant. variable rate. (7. The home loan must have conditional approval by 5:00pm 04 December 2023 and funded no later than 02 April 2024. 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. Each lender calculates their comparison rate using the same example loan amount and term length. From 17 March, Suncorp Bank will increase home loan variable rates by 0. Compare the lowest home loan interest rate starting from 8. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. Use the calculator below to instantly compare two business loans side by side. 10/1 ARM refinance. Account. If you still want to earn bonus interest for that month, you need to contribute at least $800. ^Variable Interest rate effective 10 January 2002. T&C’s apply. 94% p. a. Up to 50 free offset accounts available. 45% p. Suncorp Everyday Super is part of SPSL Master Trust (Fund) (ABN 98 350 952 022, RSE Fund Registration No. a. Discount Variable Owner Occupied (Principal & Interest) loans of $150,000 or more - up to 80% LVR. A Visa Debit card2. $1,036,063. 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. e. You’ll only pay interest on $94,000. Tip 5: Don't lower your repayment. Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR 90% to 95% Incl. n/a. Everyday Accounts. Access our Home Loan Key Facts Sheet. A single package fee covers all facilities included in the package and provides a rebate on eligible loan account keeping or account maintenance fees and the overdraft facility fee. After the Briding period, the interest rate will revert to 6. The Bank’s new 1. If your contracted minimum home loan repayment drops because interest rates fall, don't lower your 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. 25%: 17th November, 2023: UBank: 0. 229882 Australian Credit Licence 229882 (“Suncorp Bank”) to approved applicants only. But not-so-fun fact, the interest rate on your home loan isn’t set by the RBA, it’s set by the specific bank or lender you’ve borrowed money from to purchase your property. It will allow you to compare potential regular repayment rates and the total interest you may be projected to. Excludes pre-approvals, or refinances of an existing Suncorp Bank home loan, homes under construction at the time of the loan. flexiRates. Say you borrowed $300,000 to be repaid over 30 years on Suncorp’s current Standard Variable Home Loan rate of 5. Now bank is attempting to price me out of the housing market by driving up interest rates. 85% 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. National Australia Bank Limited ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (NAB) is the credit provider and issuer of Citi branded financial and credit. Principal and Interest Repayment. The change will bring the Standard Variable rate for investor loans to 5. 7. 42% p. First home buyers can get upto 95% LVR with LMI (i. *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. Interest-only. 36% p. ). 78% variable and rising every couple of weeks. 24% p. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. Principal & Interest 3Y Fixed 5% min. Enjoy a low rate home loan with $0 application fee and $0 ongoing fees. Comparison Rate 2. No application, monthly, annual, redraw, or discharge fees to pay. Online lender homeloans. Savings. 67%. 49% p. 6. Interest rate. Suncorp Bank offers a variable rate home loan with a range of features to help you pay off your mortgage faster. , followed by HDFC Bank, which offers home loans at 8. Our Agribusiness Loans are available for a broad range of agri-lending purposes such as property purchases, off-farm investments, capital improvements or the consolidation of existing finance. (“Suncorp Bank”). Business Accounts are issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No: 229882 (“Suncorp Bank”). Interest Rates effective 13 October 2023 are subject to change without notice. 25%:30% min deposit. Lending Fees and Charges for other Suncorp Bank Home Loans and Packages. Examples include, ANZ, Comonwealth Bank, ING, St George, Bankwest, Westpac, Suncorp, CitibankA Suncorp Bank Home Loan specialist can help you choose what’s right for you because it’s our job to get you the right home loan at a great rate. a. a. 229882 Australian Credit Licence 229882 (“Suncorp Bank”) to approved applicants only. 25% per annum (p. 12% p. a. Please contact us on 1800 225 223 (8:30am-5pm, Mon-Fri, AEST) or find out how to submit a request for assistance. From 17 February, Suncorp Bank will increase variable rate term loans by 0. Small Business Mortgage Rate. For Fixed Rate Home Loans, an Early Payment Interest Adjustment (EPIA) applies if more than the prepayment allowance (currently $500 per month) is paid in excess of the agreed monthly repayment. 76% comparison rate*). On the 1st February 2011, with 2 years still remaining in your fixed rate term, you decided to sell your propertySuncorp Bank – Home Package Plus Personal Fixed First Home Buyer Special (Principal and Interest) 5 Years (LVR ≤ 95%) Suncorp Bank – Home Package Plus Personal Fixed First Home Buyer Special (Principal and Interest) 5 Years (LVR ≤ 95%) More details. Other options for Agribusiness Customers. Compare the lowest home loan interest rate starting from 8. All interest rates are variable unless otherwise indicated. View rates. It’s a professional package with a 100% offset account and great interest rates if you’re borrowing more than $500,000 or $1,000,000 and have a large deposit. 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. Mortgage. 52% from the Standard Back to Basics Variable Rate (currently 8. Apply. a. 6. Apply online in minutes. Suncorp Bank Discussion. 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. 99%. 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. Customers can also book an appointment with a mobile lender via the Suncorp website or by phone. From 12 May, Suncorp Bank will increase home loan variable rates by 0. 5. flexiRate interest is fixed for the nominated flexiRate period. 95% p. +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. Home Loan Interest Rates. • Fixed Rate Qualifying Loans cover home loans with a Fixed Rate of one, two, three and five year terms. Basic home loan. 25% following the Reserve Bank of Australia (RBA) decision to increase the cash rate by 25 basis points. Choose between paying a deposit to reduce the overall debt or. 39 per cent in the previous six months. Home Loan Interest Rates. $600 for loans <90% LVR. 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. Applicants must live in Australia and meet eligibility requirements. Things you should. ). Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. 30% Deposit required. e. 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. 14% 6. Apply now. Rates and discounts are subject to change and may be varied if the loan purpose or repayment type is changed or where the borrower fails to hold a Suncorp Bank transaction account. Y1 – Y2: Spread lowered by 0. 19% p. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking. Additional benefits, including no establishment fee, with Home Package Plus. ^. Get a home loan with low variable rates and no annual fee. Fixed Interest Rate: With a fixed interest rate, your loan repayment remains constant throughout the agreed-upon term. This offer is available to new home. Comparison Rate*. Home loan packages can make home loans more affordable in two distinct ways. Monthly Payment. a. Get a $3,000 Solar Home Bonus when you apply for a new eligible Suncorp Bank home loan on a property fitted with an eligible solar power system. To approved. com. Find out more. *Bonus interest may be payable if at least $20 is deposited into the account each month and when no more than one withdrawal is made per month. 30% p. Rapid Repay revolving home loan: $2 monthly base fee. 0. Business banking. Calculate your repayments. For more information on fees, view the EPIA. Suncorp is a smaller bank with good home loan specials and interest rates compared to the bigger lenders. Please read the relevant Product Information Document, Lending Fees and Charges and the Home Package Plus terms and conditions before making a decision regarding any. Use our home loan repayment calculator to see. 25% per annum (p. Home Variable Rate. a. Interest-only option available on some loans. For example, if your home is worth $500,000 and you owe $300,000 on your mortgage, you have $200,000 in equity.