Powered by MOMENTUM MEDIA
the adviser logo
Lender

Suncorp unveils new rate below 4%

by Huntley Mitchell2 minute read
Suncorp Bank

Suncorp Bank has announced a new “market-leading” interest rate for one of its home loan products.

Effective today, the three-year fixed rate for the bank’s Home Package Plus product has been reduced by 35 basis points to 3.99 per cent for new owner occupier or investment loans of at least $150,000 and with a maximum LVR of 90 per cent.

To continue reading the rest of this article, create a free account
Already have an account? Sign in

Suncorp’s head of intermediaries, Steven Degetto, said the new rate gives home owners and investors the option to lock in one of the most competitive rates that has been available in the market for decades.

“We understand the competitive environment in which our brokers operate, and we wanted to give our broker partners access to a proposition that supports both their investor and owner occupier customers,” he said.

“It is also a great option for consumers who want a split loan.”

Suncorp’s Home Package Plus standard variable owner occupier and investor rates have been discounted by 155 basis points to 4.15 per cent and 4.42 per cent respectively for loans of at least $150,000 and with a maximum LVR of 90 per cent.

The regional bank’s Back to Basics investment rate has been reduced by 116 basis points to 4.23 per cent for loans of at least $150,000 and with a maximum LVR of 90 per cent.

Suncorp unveils new rate below 4%
suncorp bank logo  x
TheAdviser logo
suncorp bank logo  x

JOIN THE DISCUSSION

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

MORE FROM THE ADVISER

mark pesce futurist ajxjkn

Automation is changing, not replacing, the role of finance brokers

On Thursday (4 August), the Australian Financial Review (AFR) ran a story with the headline: “Finance brokers top...

READ MORE
des hang carbar zaheer jappie carclarity ta qtvnqr

CarClarity confirms partnership with car subscription platform

Established in March 2020, CarClairty is a finance platform that connects car buyers with more than 30 different...

READ MORE
anthony albanese profile ta vtpifc

Further grants confirmed for flood survivors, $47m pledged

According to a statement released by the federal government, the Back Home grant will be made available to impacted...

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