Suncorp slashes interest rates on package home loans by up to 1.55%

By Kelly Emmerton ·

Suncorp Bank has discounted interest rates on its Home Package Plus products by up to 1.55%, as it moves toward a competitive new range of offers for Aussie homeowners, The Advisor reported.

Suncorp Bank Home Package Plus products are available to both owner-occupiers and investors on loans of at least $150,000. A 1.55% discounted rate is being offered on standard variable loans, while three-year fixed loan interest rates will decrease by 0.35%.

The discounts will bring the rate of Home Package Plus Special offers on standard variable loans to 4.15% (4.53% comparison rate*) for owner occupiers and 4.42% (4.79% comparison*) for investors. Fixed three-year rates will drop to 4.09% (4.51% comparison*) for owner occupiers and 4.34% (4.77% comparison*) for investors.

RELATED: Buying an investment property

Steve Degetto, Suncorp Bank’s head of intermediaries told The Advisor the home loan package “provides customers with flexibility and a wide range of benefits by combining their home loan with other banking products.”

“The new discounted rates only strengthen the value of this award-winning product, and provide brokers with a competitive proposition to deliver to their customers.”

The good news doesn’t stop there, however, as Suncorp is also waiving the $375 annual fee for new customers taking out a Home Package Plus loan.

Degetto said Suncorp will be entering 2016 with a new outlook. “We have listened to broker feedback and made progressive changes to improve our processes and simplify some policies.”

Looking for a competitive rate on your home loan? Check out the best home loan deals in Mozo’s comparison table below:

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The
comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Home loan comparisons on Mozo - page last updated October 23, 2020

Search promoted home loans below or do a full Mozo database search. Advertiser disclosure.

I want to borrow

years

  • 2.54% p.a. variable

    2.81% p.a.

      Compare
    Details
  • mozo-experts-choice-2020

    2.48% p.a. variable

    2.50% p.a.

      Compare
    Details
  • mozo-experts-choice-2020

    2.09% p.a.
    fixed 2 years

    2.98% p.a.

      Compare
    Details
  • mozo-experts-choice-2020

    2.34% p.a. variable

    2.34% p.a.

      Compare
    Details
  • mozo-experts-choice-2020

    2.49% p.a. variable

    2.49% p.a.

      Compare
    Details
Picture of Steve Jovcevski

Talk to a Mozo home loans expert

Buying your first home, refinancing your existing home or thinking of investing? Speak to Steve, our home loans expert today!

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

**Initial monthly repayment figures are estimates only, based on the advertised rate, loan amount and term entered. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^See information about the Mozo Experts Choice Home Loans Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.