Home Package Plus Access Equity Special Offer Home Package Plus - Access Equity Special Offer LVR <90% - $150K+
4.47%p.a Standard 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 90% 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 Line of Credit, Equity, Investment, Owner Occupied, and Vacant Land in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.
- 1 - 25 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
- Internet Banking
- Telephone Banking
- Credit Card
- 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
- 25 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.
- Ongoing Yearly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
Special Offer from 26 July 2017 until further notice. Available for owner occupied and investment purposes, up to 90% and more than $150K borrowing. The Home Package Plus helps borrowers save money and reduce the cost of borrowing and managing their money. The more home loans or other eligible products the greater the savings. Key Benefits: No upfront establishment fees or ongoing account keeping fees on home loans for as long as they remain in the Package Unlimited number of eligible home loans can be included within the Package Discounts on a range of products across banking, lending and insurance Includes a Suncorp Bank transaction account with no monthly account keeping fee (Everyday Options accounts issued by Suncorp Bank. Please read a copy of the Product Information Document before making any decision regarding this product. Contact Suncorp Bank for a copy). Unlimited number of home loans can be included in the Package for one Package fee. An all-in-one Line of Credit home loan solution. For customers that want to pay off their loan fast or wish to utilise their equity to invest in other assets. Key Benefits : - Flexible repayment frequency with no minimum repayment required if facility is within agreed limit - Immediate access to funds via ATMs, branch network, telephone or internet banking - Visa debit and cheque facility options available - Unlimited additional repayments Loan Purpose: Available for either Personal Purpose or Investment Purpose. Not available for Business Purpose. Unlimited additional repayments allowed. Free Transactions: Unlimited fee free EFTPOS transactions, mobile phone and internet banking transfers, BPAY (excluding staff assisted Bpay) and Suncorp Bank ATM enquiries, withdrawals and transfers. A combined total of 10 ATM credits, direct credits, staff assisted transactions and cheque transactions are free each month and then you will be charged additional transaction fees for those transaction types. Limit increases available by application. This product cannot be used for construction or home improvement loans that require progressive drawdown.
Max IO LVR is 90% inclusive of LMI. Suncorp will no longer accept investment home lending applications for apartments in specific post codes in the Brisbane CBD and metro area with an LVR > 80%. Existing customers excepted.
Where LVR <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.