Home Package Plus Standard Variable Home Package Plus - Standard Variable LVR 80-90% (Interest Only) (Owner Occupied)

4.45%

p.a Standard Variable
4.60%

p.a Comparison**
$0

Upfront fees
$375

Annual fees
90%

Max LVR
$1,967

Per Month*

Loan Amount

$

Loan term

About Suncorp Bank

Suncorp Group includes leading general insurance, banking, life insurance and superannuation brands in Australia and New Zealand. The Group has 15,000 employees and relationships with nine million customers. We are a Top 20 ASX-listed company with $96 billion in assets. Suncorp has five core businesses include personal insurance, commercial insurance, Vero New Zealand, Suncorp Bank and Suncorp Life. These are supported by corporate and shared services divisions.

Show

Standard Variable

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*: $1,967
rate per annum: 4.45%

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.

Lvr: 90%
Capitalise LMI: Yes

Availability

For Construction, Equity, Owner Occupied, and Vacant Land in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.

Term: 8 - 30 years
Min: $150,000
Max: $99,999,999

Eligibility

The level of financial documentaion and credit history required to apply for the loan.

Financials: Full Doc
Credit History: Conforming
Genuine Saving: Required

Offset Account

Save on interest repayments by holding spare cash in an offset account.

Offset account: Yes
Offset: 100%

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility: Yes
Min Redraw: $1000.0
Redraw fee: $0

Banking Features

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: Yes
Redraw Available: Yes
Internet Banking: Yes
Telephone Banking: Yes
Credit Card: Yes
BPay Option: Yes
Portability of Loan: Yes
Professional Pack: Yes
Check Account: Yes
Direct Salary Credit: Yes
Free Transactions: Yes
Minimum Redraw: Yes
Redraw Fee: No

Repayments

You can make your repayments Fortnightly, Monthly, and Weekly.

Interest Only Option: Yes
Max Interest Only: 5 years

Upfront Fees

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.

Total: $0

Ongoing Fees

Monthly and annual fees and charges during the loan period.

Total: $375
Ongoing Yearly: $375

Exit Fees

Fees associated with prematurely ending the loan.

Total: $350
Exit: $350
Early Repayment: $0
Switch To Fixed: $0

Notes

Special Offer From Tuesday 12 September - Additional discount on HPP Variable interest rate - Additional discount on Back to Basics interest rates - Additional discount on HPP 5 Year Fixed interest rate Conditions: - New lending >=$150,000 - Interest Only repayments will be considered for construction loans only, in conjunction with this offer - Maximum LVR 90% inclusive of LMI - Pre-approvals excluded ** Users are advised to apply the relevant discount via 'Rate Override' function in the system to obtain the final rate. 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 100% offset available Discounts on a range of products across banking, lending and insurance Unlimited number of home loans can be included in the Package for one Package fee. 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.

LVR Notes

LMI payable above 80%. LVR is capped at 95% (inclusive of LMI). Max IO LVR is 90% inclusive of LMI.

Notes

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.