Powered by MOMENTUM MEDIA
the adviser logo
Lender

Suncorp cuts variable rates

by James Mitchell4 minute read
suncorp bank variable rate cut scissors percent

A non-major bank has today announced a range of new competitive offers on its suite of home loan products.

Suncorp Bank has discounted its interest rates across standard variable and three-year fixed owner-occupied and investor Home Package Plus products by up to 1.55 per cent.

Suncorp Bank's head of intermediaries, Steve Degetto, said the new offers give customers the flexibility to select a competitive rate that suits their individual circumstances.

“The Suncorp Bank Home Package Plus product provides customers with flexibility and a wide range of benefits by combining their home loan with other banking products,” Mr Degetto said.

Advertisement
Advertisement

“The new discounted rates only strengthen the value of this award-winning product, and provide brokers with a competitive proposition to deliver to their customers.

“We’re also waiving the Home Package Plus annual package fee for the first year (normally $375) for new Home Package Plus customers taking out new lending of at least $150,000.”

Mr Degetto said Suncorp have decided to start 2016 with a new mindset.

“We have listened to broker feedback and made progressive changes to improve our processes and simplify some policies,” he said.

“This improved service, combined with our new competitive offers, will support our broker partners to hit the ground running in 2016.”

Effective today, the new Home Package Plus Special Offers for new owner-occupied loans of at least $150,000 has been discounted by 1.55 per cent on the standard variable, taking the new rate to 4.15 per cent (4.54 per cent comparison rate).

The three-year fixed rate has been reduced by 0.35 per cent to 4.09 per cent (4.52 per cent comparison rate).

The new Home Package Plus Special Offers for new investor loans of at least $150,000 have been reduced by 1.55 per cent on the standard variable rate to 4.42 per cent (4.80 per cent comparison) and a 0.35 per cent discount on the three-year fixed rate to 4.34 per cent (4.78 per cent comparison).

rate cut  x

James Mitchell

James Mitchell

AUTHOR

James Mitchell has over eight years’ experience as a financial reporter and is the editor of Wealth and Wellness at Momentum Media.

JOIN THE DISCUSSION

You need to be a member to post comments. Register for free today

MORE FROM THE ADVISER

Stephen Hale ta

MFAA launches near-prime, specialist loan resource

Coined Finance for when your customer doesn’t fit the mould: A broker’s guide to near-prime and...

READ MORE
Daniel Newell Gedda

Specialist lender LoanU rebrands to Gedda

The personal and auto loan provider LoanU, which specialises in helping Australians with impaired credit histories...

READ MORE
tech tools

CBA introduces AI technology to combat scams

New figures released by the competition watchdog this week have revealed that Australians lost more than $2 billion...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more