Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Suncorp ups variable rates

suncorp bank logo  x suncorp bank logo  x
Huntley Mitchell 1 minute read

Suncorp Bank has today announced it will increase its variable interest rates for owner-occupier and investor loans.

The non-major bank announced that its owner occupier and investor variable interest rates will increase by 16 basis points for new and existing loans, effective 20 November 2015.

As a result, Suncorp’s Standard Variable Owner Occupier rate will increase to 5.70 per cent, while its Investment Standard Variable Rate will increase to 5.97 per cent.

Suncorp Bank’s head of intermediaries, Steven Degetto, said the changes reflect the bank’s commitment to balancing the impact of interest rate increases on customers with its competitive positon in the market.

“Today’s interest rate change wasn’t a decision taken lightly. We balanced a range of considerations including the impact on the cost of living on customers, as well as an increase in the bank’s wholesale funding costs and competitive positioning,” he said.

Suncorp ups variable rates
suncorp bank logo  x
TheAdviser logo

Are you a new-to-industry broker in the process of growing your business? Then there’s some great news: The Adviser’s New Broker Academy is back in 2021 and will provide you with essential insights into cutting-edge tools, strategies and processes to fast-track to success. Don’t miss your chance to attend. To secure your FREE place, visit newbroker.com.au now!

suncorp bank logo  x

 

more from the adviser
Renee Tocco

Breaking News

Prospa acquires brokerage

The SME lender has acquired a commercial finance brokerage and we...

Housing construction

Breaking News

Stamp duty, supply blocking housing affordability: REA

Reforming stamp duty, increasing housing supply and further exten...

suburb

Breaking News

First home buyers flee big cities

Analysis of broker-originated loans has shown that their first ho...