Suncorp home loans

If you’re particularly budget conscious, a Fixed Rate Loan from Suncorp Bank may be a good idea because you’ll know exactly how much you’ll be paying back each month. The fixed rate is available on loans starting from $10,000 and you can borrow up to 95% of your property’s value if you’re an owner occupier or up to 90% if you’re an investor. There are an extensive range of fixed terms to choose from including 1, 2, 3 or 5 years and principal and interest as well as interest only repayments (up to 5 years) are available. There is a monthly fee to consider but you can offset this cost by opting to make additional repayments on a regular basis (up to $500 per month without penalty) and reduce the interest you’ll pay over the life of the loan.

From a no frills, basic option to a home loan with all the bells and whistles, you can choose a Suncorp Bank variable rate loan to suit whatever your personal or investment goals. Suncorp Bank’s variable home loans allow you to repay your loan on your own terms with an extra repayment facility, cashback feature (one free redraw per month, minimum $1000) and a choice between a weekly, fortnightly or monthly repayment cycle. The Back to Basics Home Loan lets you to skip any unnecessary features and a monthly service fee but if you want access to an offset account, you may choose the standard variable option (offset account fee may apply). Variable rates are available on loans of $10,000 or more and principal and interest or interest only repayment options are available.

Fixed rates on Suncorp Bank’s Home Package Plus are available for 1 year up to a period of 5 years on loans starting from $150,000. When you choose a home loan package from Suncorp Bank, you’ll be rewarded with a discounted home loan interest rate as well as special offers and discounts on linked financial services including insurance, credit cards and personal loans. There is also a bundle of flexible repayment features such as an extra repayment facility (up to $500 in additional repayments per month) and a split loan facility where you can divide your home loan between a fixed and variable rate in any way you choose. There is an annual package fee to consider.

Owner occupiers and investors borrowing a minimum of $150,000 can opt for a variable rate with Suncorp Bank’s Home Package Plus. On top of a discounted home loan interest rate as well as special offers on other financial services (i.e. insurance, credit cards and personal loans, where eligible), you’ll be able to take advantage of money saving features including an extra repayment facility and offset account. Whenever you need to free up funds for other commitments, a redraw facility (minimum $1,000) is available or you can opt to take a repayment holiday providing you’re well ahead on your repayments. Make sure you factor in the annual package fee if you’re weighing up whether Suncorp Bank’s home loan package is right for you.

Whether you want to purchase shares or an investment property or just want to get on top of debt, Access Equity from Suncorp Bank is a line of credit loan that allows you to use the equity in your property to do all these things and more. As its name suggests, Access Equity rewards borrowers with great access to their home loan via any Suncorp and Bendigo Bank ATM, in branch, EFTPOS, BPay, Visa Debit as well as phone, Internet or mobile banking. When it comes to repaying a line of credit home loan, there is no set monthly repayment but you’ll need to ensure your total loan balance remains within the approved credit limit. There is also a monthly service fee to consider. Suncorp Bank’s line of credit loan is available from $10,000 and lets you borrow up to 90% of the property’s value.