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Suncorp Bank cuts variable rates to 4.65pc

by Staff Reporter9 minute read
The Adviser

Suncorp Bank has strengthened its push to be “the bank brokers consider first” by reducing its home loan rates to 4.65 per cent.

The bank’s Back to Basics variable package has been lowered to 4.65 per cent. A 0.76 per cent discount is available for the first three years of the loan term, after which the loan will revert to the standard Back to Basics rate, which is currently 5.41 per cent.

Suncorp has also increased the discount on its three-year fixed Home Package Plus loan, which now starts at 4.84 per cent.

Both discounts are temporary offers that are available between July 7 and September 30, and apply to new lending of at least $150,000 for LVRs no higher than 80 per cent.


Suncorp’s head of intermediaries, Steven Degetto, said the bank was committed to delivering the best proposition to brokers and their customers.

“At Suncorp Bank, we’re serious about being the bank brokers consider first, by delivering on the things that really matter,” he said.

“In today’s market, offering clients genuine choice is at the heart of every broker’s core customer proposition, and we’ll continue to deliver market-leading products backed by good service.”

Mr Degetto also said Suncorp was committed to the third-party channel.

“Not only are we offering market-leading rates, we’re backing this up with our service guarantee of 48 hours to initial assessment, to really deliver an exceptional proposition to brokers and their clients,” he said.

[Related: Suncorp share price surges 15.5pc]

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