Back to Basics Variable Loan Back to Basics Variable Loan LVR 95% (Owner Occupied)
4.97%p.a Basic Variable
About Suncorp Bank
Repayments calculated to take into account ongoing monthly and anual fees.
- Monthly repayment*
- rate per annum
Loan to Value Ratio
Borrow up to the maxium of 95% of the value of the property.
Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.
However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.
- Capitalise LMI
For Construction, Equity, Owner Occupied, and Vacant Land in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.
- 8 - 30 years
The level of financial documentaion and credit history required to apply for the loan.
- Full Doc
- Credit History
- Genuine Saving
Save on interest repayments by holding spare cash in an offset account.
- Offset account
Get quick access to cash by drawing on the loan to pay for renovations or other purchases.
- Redraw Facility
- Min Redraw
- Redraw fee
Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.
Some features you may wish to consider include:
- an offset account;
- ability to make extra repayments;
- a redraw facility; and
- linked credit card and savings accounts;
- ability to split your loan between fixed and variable interest rates
- Offset Account
- Redraw Available
- Credit Card
- Internet Banking
- Telephone Banking
- BPay Option
- Portability of Loan
- Professional Pack
- Check Account
- Direct Salary Credit
- Free Transactions
- Minimum Redraw
- Redraw Fee
You can make your repayments Fortnightly, Monthly, and Weekly.
- Interest Only Option
- Max Interest Only
- 5 years
Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.
Monthly and annual fees and charges during the loan period.
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
An easy to manage home loan with a low variable rate and no monthly fees. For customers seeking to take advantage of a low rate without locking into a set term. Key Benefits: - No monthly account keeping fee - Unlimited additional repayments - Redraw facility. Manual and Online Redraw Facility available. First online redraw per month at no cost to customer. Minimum withdrawal $1,000. - Flexible repayment frequency Available for either Personal Purpose or Investment Purpose. Not available for Business Purposes. Loan Term: Personal Purpose 8 to 30 Years. Investment Purpose 1 to 30 Years. Unlimited additional repayments allowed. 5 years interest only (paid monthly in arrears) for owner-occupiers and investors (is to convert to principal and interest at expiry of interest only period). PLEASE NOTE: Suncorp Bank will require evidence of property insurance to be provided prior to funding, for collateral offered as security for Retail and Small Business loan applications where the total combined exposure (TCE) is equal to or greater than $750K. The policy applies where customers TCE $750K or more, Suncorp Bank recommends to provide written evidence of property insurance to be provided for all Retail and Small Business Loans prior to settlement booking where residential property (new or existing) is offered or held as security. For more information visit the Business Partners website or contact your Suncorp Bank BDM. Up to 90% max LVR for vacant land pending on the postcode. Max loan term for vacant land is 25 Years. For House and Land Suncorp will consider 95% max LVR on both land and construction.
LMI payable above 80%. Up to 90% max LVR for vacant land pending on the postcode. Max loan term for vacant land is 25 Years. Max LVR includes LMI. For House and Land Suncorp will consider 95% max LVR on both land and construction. LVR is capped at 95% (including LMI)
Where LVR greater than 90%, 5% genuine savings is required. Where LVR less than 90%, applicant contribution can include: Genuine savings; and/or Non-genuine savings; and/or Collateral. Acceptable Genuine Savings includes: Accumulated savings in an account; Sale proceeds from assets; Non-preserved superannuation contributions; Redrawable loan repayments; Gifts/inheritances/bequests. Acceptable Non-Genuine Savings includes: FHOG; Residential mortgage secured funding from another financier. Unacceptable applicant contributions include: Advances on wages/income; Barter card, trade dollars, or similar arrangements; Incentives such as builder or vendor discounts, rebates vendor finance, rental discounts/refunds, etc.; Loans from third parties; Unsecured loans from any source.
$220 Fee applies for additional valuations. Excess Cheque Fee: $8. Guarantor Fee of $200 applies if a guarantor is included in the loan or Further Advance. Fee is per guarantor.