When you combine your fixed rate home loan with the Home Package Plus you may be eligible for discounted interest rates for a fixed period of time. We use cookies and other related technologies to improve and tailor your website experience. From 16 December, Suncorp Bank will increase home loan variable rates by 0.25% per annum (p.a.). If you do not want to receive any of this information, just contact us on 13 11 55. Fees, charges, terms and conditions apply and are available on request or on our Product Information Documents and Forms page. We update our data regularly, but information can change between updates. Registered office: Level 23, 80 Ann Street, Brisbane QLD 4000. The rate of 2.05% is 0.31% higher than the average 1.74%. This rate incorporates certain fees and charges that are applicable for the chosen product. Your browser version is no longer supported, so you may experience issues while using this site. If you're looking for a home loan from a similar lender to Suncorp Bank, you could look at the Big Four or some of Australia's other mid-sized lenders. As always, we look to balance the impact of rate changes on borrowers and savers. The best loan for you will depend on how you will use your loan and what your goals are. Why would this be beneficial to you? We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD) or the information they can provide. finder.com.au is one of Australia's leading comparison websites. This policy provides information about how Suncorp collects and uses data related to your online activity, and how you can choose to remain anonymous. less the Home Package Plus discount (currently 3.09% p.a.). Rival offer lobs in tussle for local HR software outfit Timely remedy: Soul Pattinson comes to aid of Retail Foods Group with $20m Suncorp the latest corporate player to grant workers gender affirmation leave Two more: Interest rate hikes could tip thousands more into mortgage stress Teneriffe - City vistas comparison rate*) View our Suncorp Bank home loan interest rates, generate a home loan fact sheet or compare our home loan types. Please upgrade to a current browser to enjoy the best experience. 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. Find out more. But there's no reason to worry just because you've never heard of a lender before. Review by our senior home loans writer Richard Whitten Suncorp home loan features We can also provide you with general advice and factual information on about a range of other products, services and providers. An online-only transaction account with carbon insights available through the Suncorp App. Following the Reserve Bank of Australias decision yesterday to increase the official cash rate, Suncorp Bank today announced it will adjust the interest rate for variable home loan and deposit customers. Suncorp has loans for borrowers with deposits as low as 10% or even 5%, though some of its most competitive rates require a standard 20% deposit. 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. Home Loan Interest Rates Home Loan Special Offer Interest Rates Below are our discounted interest rates for eligible customers who Package their new Standard Variable or Fixed Rate home loan (new borrowing's over $150,000) with our Everyday Options transaction bank account as part of our Home Package Plus Suncorp Bank charges an establishment fee upon approval and a monthly account-keeping fee. Its also important to realise that while consolidating your debts is convenient, it will take you longer to repay the combined debt. as well as its 18-month term deposit to 3.00% p.a. Please upgrade to a current browser to enjoy the best experience. In addition to home loans, Suncorp also offers. Please read the relevant Product Disclosure Statements before you make any decision regarding these products. The rate of 2.00% is 0.53% higher than the average 1.47%. In accessing Suncorp's site you agree to our, Products and services including banking and insurance (including home and car insurance) are provided by separate companies in the Suncorp Group. The Suncorp Bank Standard Variable home loan is the type of loan you want when your main objective is to pay it off on your terms. Finder Wallet's services are not covered by the Australian Government Guarantee on Deposits. Any advice has been prepared without taking into account your particular objectives, financial situation or needs, so you should consider whether it is appropriate for you before acting on it. Interest will be charged immediately from the transaction date. Registered office: Level 23, 80 Ann Street, Brisbane QLD 4000. Please ensure that you read these before accessing the site. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt). A broker typically charges you no fee, because they receive a commission from your lender. Home loan pre-approval is an optional step in the application process that some lenders offer. Combining your eligible home loan with the Suncorp Bank Home Package Plus means you save on interest and fees. $0 account keeping or establishment fees Available for SMSFs Register for Internet Banking Need some help? Select the account you'd like to set up a flexiRate and then select 'Account details'. Find out more. For details of the fees applicable to these accounts please download theSchedule of Fees and Chargesfor other Suncorp Bank Personal Accounts. From 17 June, Suncorp Bank's variable rate term home loans will increase by 0.50% per annum. We compare from a wide set of banks, insurers and product issuers. Also Know, who is Suncorp owned by? Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Suncorp Bank has responded to the Reserve Bank of Australias cash rate decision. Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for the last 5 years. Back Submit. Rates and discounts are subject to change. Citigroup Pty Ltd ABN 88 004 325 080, AFSL 238098, Australian credit licence 238098 (Citigroup) is the credit provider and issuer of Suncorp Clear Options Credit Cards. Were a comparison service, and do not offer any Suncorp products directly. Save on your investment loan with these hot offers. We provide tools so you can sort and filter these lists to highlight features that matter to you. Unless withdrawn prior. Comparison rates for Interest Only Variable home loans are based on an initial 5 year Interest Only period. Please refer to our FSG - General Insurance. Personal loan comparison rate10.58%. This means customers with money deposited in a Suncorp savings account benefit from the deposit guarantee scheme. The new rates will come into effect from May 18. COOKIE AND DATA POLICY Id recommend contacting Suncorp directly to organise a mobile lender to visit you. Whether you want to get pre-approval, a new loan or refinance your existing loan with Suncorp, you can apply quickly online. Suncorp Group Limited ABN 66 145 290 124. Comparison rates for Interest Only Variable home loans are based on an initial 5 year Interest Only period. Cancelling Direct Debits and Recurring Payments. In 2001 The Suncorp Groups customer base expanded significantly by the acquisition of general insurance companies, Read our important disclosures and general advice warning. That's a saving of $11,250 over a 30 year loan.## Find out more Should I go with a fixed or variable rate? Learn more Interest rates for accounts withdrawn from sale Suncorp Suncorp increased home loan rates in much the same fashion, with a few key changes including: Residential Fixed 1 Year: 40 basis point increase to 3.59% p.a. Suncorp has home loans for investors and owner-occupiers, including fixed and variable rates. As a guide, for every $100,000 of loan balance remaining on a 25-year variable loan, customers can expect their monthly repayments to increase by around $26. For example: When you apply for a mortgage with Suncorp you are required to provide certain information so make sure you have all your documents ready before you apply. +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. Recent payslips can establish your income. Suncorp Bank Interest Rates Suncorp provides their personal banking customers with several account options: an everyday basics account, everyday options account, 55 plus account, and an everyday essentials account. You can apply online in as little as 20 minutes. In accessing Suncorp's site you agree to our, Products and services including banking and insurance (including home and car insurance) are provided by separate companies in the Suncorp Group. Awarded Money magazine Bank of the Year 2018, 2019, 2020, 2021 & 2022 for outstanding value. (Image: Pexels) More than two-thirds of Australian adults are classed as overweight or obese and that figure is projected to increase in coming years. New to Bank Lending $150,000. account fee $0.00 Payment Options Apple Pay, PayID, Google Pay . Our bond of the week is Suncorp Group Limited, an investment grade bond yielding 6.63%. You can also see how Suncorp Bank term deposits compare with other options. But to complete an application you need the address of the property and a signed contract of sale. Based on this rate change, for every $100,000 of loan balance remaining on a 25-year variable loan, customers can expect their monthly repayments to increase by around $26. First time here? Copyright Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 (Suncorp Bank). I have read and agree with the terms of Suncorp Bank Privacy Statement and Suncorp Group Privacy Policy*. You will enter your preferred method of contact and schedule a meeting with Suncorp. interest rate on your savings when you grow your account's net balance by at least $200 each month (excluding any interest earned) and make no more than one withdrawal in the month. Feb 26, 2023 - 5.17pm. A fixed rate loan can make budgeting much easier. You can even choose between meeting at a branch or having a mobile lender come to you. You may even find a better deal. ^ 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 Guaranteed Rate Fee, which must be selected at time of loan application. Find products and services. 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. With the RBA cash rate currently at 3.35 %, here's what economists at the big 4 banks are 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. Periods start from 1 month to 5 years with guaranteed returns. To support savings customers, from 15 June, Suncorp Bank will also introduce a new term deposit rate of 2.30% per annum for 12 months, and increase our savings account (Growth Saver) by 0.70%. Suncorp's package loans offer discounts on other finance and insurance products and lower fees. Disclaimer - Hive Empire Pty Ltd (trading as finder.com.au, ABN: 18 118 785 121) provides factual information, general advice and services on a range of financial products as a Corporate Authorised Representative (432664) of Centra Wealth Pty Ltd AFSL 422704. Copyright Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 (Suncorp Bank). Sign up to an Everyday Account which has no monthly fees or currency conversion charges and have the option to have up to nine sub-accounts to help reach spending and savings goals. Suncorp Bank today announced new interest rates for home loan customers, following the Reserve Bank of Australia's cash rate decision on Tuesday, 4 October 2022. At the expiry of the 3 Year Fixed Rate Term, the loan will revert to the applicable Standard Variable Rate advertised at the time (currently 8.23% p.a.) I would recommend comparing variable rate home loans with offset accounts and ordering the loans based on the interest rate, which you can do by clicking on the table heading.