Standard Variable Rate Loan Standard Variable Rate Loan LVR >90% (Principal & Interest) (Owner Occupied)
5.60%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 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
- 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
- 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.
- Ongoing Monthly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
A home loan full of features designed to assist with paying off the loan sooner. For customers that want a full service offering and high flexibility. Key Benefits: - Unlimited additional repayments. - Redraw Facility - Flexible repayment frequency - Optional 100% offset facility 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. 5 years interest only (paid monthly in arrears) available (is to convert to principal and interest at expiry of interest only period). Up to 2 different loans for the same property. Unlimited additional repayments allowed. Manual and Online Redraw available. First redraw per month at no cost to customer. Minimum withdrawal $1,000. Further advances available by application. Funds held in Everyday Options account will be offset against the balance of your linked home loan before interest is charged. A once only Mortgage Offset linking fee of $75 applies. Conditions apply for vacant land - refer Lender guidelines. 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%. LVR is capped at 95% (inclusive of LMI). Maximum LVR for Refinance and Vacant Land is 90%. Max IO LVR is 90% inclusive of 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. Mortgage offset fee (one-off) $75