Suncorp Bank is offering discounted rates for a limited time on its variable and fixed home loans for owner-occupiers.
The bank’s Home Package Plus standard variable rate has been reduced from 4.24 per cent to 4.15 per cent (with a comparison rate of 4.16 per cent) for new owner-occupier loans greater than $500,000 with a maximum LVR of 80 per cent and principal-and-interest repayments.
Suncorp has also dropped its Home Package Plus two-year fixed rate from 4.39 per cent to 4.19 per cent (with a comparison rate of 4.24 per cent) for new owner-occupier loans of at least $150,000 with a maximum LVR of 80 per cent and principal-and-interest repayments.
Steven Degetto, head of intermediaries at Suncorp, said the new offers give customers the flexibility to select a competitive rate that suits their individual circumstances.
“Interest rates are now at a generational low, making it a good time for those looking to upgrade their current home, or assess their home loan options,” he said.
“As Australia’s leading regional bank, we are committed to being the genuine alternative and helping our customers achieve their financial goals now and into the future. Our prudent serviceability measures and loan-to-value criteria reinforces this commitment.”
Mr Degetto added that Suncorp continues to offer an annual fee waiver for the life of the loan on its Home Package Plus product, saving customers with loans worth $150,000 or more up to $11,250.
[Related: Westpac announces new home loan offers]