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Non-major bank announces improved variable discounts

by Reporter9 minute read
The Adviser

Suncorp Bank has announced changes to its retail home lending special offers, providing new customers with discounted home loan rates.

The bank’s ‘Better Together’ specials will offer customers discounted variable rates starting from 3.71 per cent per annum on new owner-occupied ‘Back to Basics’ home loans of at least $150,000 (maximum LVR of 90 per cent) and 3.98 per cent per annum on equivalent new investment loans.

“We have waived the upfront loan establishment fee and there are no ongoing account keeping fees on the new Back to Basics home loan and transaction account,” Suncorp Group's head of bank intermediaries Steve Degetto explained.

Mr Degetto said that the bank will also be offering customers new standard variable discounts to its ‘Home Package Plus’, with two- and three-year fixed rates (starting from 3.64 per cent per annum for owner-occupiers and 3.89 per cent per annum for investors).


“This offers greater choice for new customers and will support them in making their next property move,” Mr Degetto elaborated.

Mr Degetto added that in particular the bank is committed to providing “an exceptional service proposition” to its broker partners by providing flexible products and assistance when brokers need it most.

Effective 18 October 2016, the bank’s ‘Back to Basics’ special offers are:

Source: Suncorp Bank

Effective 18 October 2016, the bank’s ‘Home Package Plus’ special offers are:

Source: Suncorp Bank

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