Looking for a home loan, looking to get a loan of ~$400,000, not paying LMI so less than 80%LVR.
For a long time I've assumed I'd go with loans.com.au (https://www.loans.com.au/home-loans/dream-loan-offset-variab…) the comparison rate is 4.08%. There are no account fees, an offset with a mastercard to use funds (so I could just deposit pay and then use as necessary).
However Suncorp's Home Loan package plus caught my eye today. They have a loan package which would come with a bank account which acts as an offset. The other points of difference which make it competitive are: $1500 cashback, no annual fees for the life of the loan, no annual fees for a credit card with a rewards system, could move my finances to one place rather than having separate accounts for financial products. Their comparison rate is 4.15% however.
Does anyone have experience with either bank, what are people's opinions? Are there any other options to consider?
Isn't loans.com.au 4.08 not 4.10? Also it looks like Suncorp have a $10 account management fee that loans.com.au don't have.
I'm with loans.com.au and happy with them. The application process can be a bit drawn out as it's all over the phone/mail so make sure you have time to get everything settled. Overall I've been happy with them.