Advertisement
Powered by MOMENTUM MEDIA
lawyers weekly logo
Lender

Suncorp lowers fixed rates

7 minute read
The Adviser

The non-major has lowered fixed rates by up to 40 basis points for residential lending, effective 8 November.

Suncorp has announced that it will drop rates across some of its fixed home loan products on both principal and interest (P&I) and interest-only repayments (IO) by up to 40 basis points for new owner-occupiers and investors taking out loans from tomorrow (8 November).

A summary of the fixed rate changes are as follows:

Suncorp Home Package Plus with Special Offer for owner-occupiers, P&I repayments:

 
 
  • two-year fixed rate, LVR of less than or equal to 90 per cent - cut by 10 bps to 2.89 per cent (3.75 per cent comparison)
  • three-year fixed rate, LVR of less than or equal to 90 per cent - cut by 10 bps to 2.89 per cent (3.70 per cent comparison)
  • five-year fixed rate, First Home Buyer, LVR of less than or equal to 95 per cent - cut by 40 bps to 2.99 per cent (3.27 per cent comparison)

Suncorp Home Package Plus with Special Offer for investors, P&I repayments:

  • two-year fixed rate, LVR of less than or equal to 90 per cent - cut by 10 bps to 3.19 per cent (4.04 per cent comparison)
  • three-year fixed rate, LVR of less than or equal to 90 per cent - cut by 10 bps to 3.19 per cent (3.99 per cent comparison)

Suncorp Home Package Plus with Special Offer for investors, IO repayments:

  • two-year fixed rate, LVR of less than or equal to 90 per cent - cut by 20 bps to 3.39 per cent (4.06 per cent comparison)
  • three-year fixed rate, LVR of less than or equal to 90 per cent - cut by 20 bps to 3.39 per cent (4.02 per cent comparison)

Suncorp Home Package Plus for owner-occupiers, P&I repayments:

  • two-year fixed rate, LVR of less than or equal to 95 per cent - cut by 10 bps to 3.19 per cent (4.31 per cent comparison)
  • three-year fixed rate, LVR of less than or equal to 95 per cent - cut by 10 bps to 3.19 per cent (4.24 per cent comparison)
  • five-year fixed rate, LVR of less than or equal to 95 per cent - cut by 40 bps to 2.99 per cent (4.03 per cent comparison)

Suncorp Home Package Plus for investors, P&I repayments:

  • two-year fixed rate, LVR of less than or equal to 90 per cent - cut by 10 bps to 3.49 per cent (5.05 per cent comparison)
  • three-year fixed rate, LVR of less than or equal to 90 per cent - cut by 10 bps to 3.49 per cent (4.93 per cent comparison)
  • five-year fixed rate, LVR of less than or equal to 90 per cent - cut by 30 bps to 3.29 per cent (4.64 per cent comparison)

Suncorp Home Package Plus for investors, IO repayments:

  • two-year fixed rate, LVR of less than or equal to 90 per cent - cut by 20 bps to 3.69 per cent (5.08 per cent comparison)
  • three-year fixed rate, LVR of less than or equal to 90 per cent - cut by 20 bps to 3.69 per cent (4.97 per cent comparison)
  • five-year fixed rate, LVR of less than or equal to 90 per cent - cut by 30 bps to 3.49 per cent (4.71 per cent comparison)

[Related: Virgin Money slices fixed rates by up to 20 bps]

default

Hannah Dowling

AUTHOR

Hannah Dowling is a journalist for The Adviser and Mortgage Business.

Prior to joining Momentum Media, Hannah worked as a content producer for a podcast catering to property investors. She also spent six years working in the real estate sector at a local agency. 

Email Hannah at: [email protected]

 

JOIN THE DISCUSSION

You need to be a member to post comments. Become a member for free today!
You have 0 free articles left this month.
Register for a free account to access unlimited free content, or become a PREMIUM MEMBER to enjoy a wide range of benefits