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Suncorp Refinance - $3,000 Cashback, $0 Annual Fee for Life of Loan, Minimum Loan $750,000 - Fixed 2 Years 1.89% (2.85% CR)

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Suncorp Refinance - $3,000 Cashback, $0 Annual Fee for Life of Loan, Minimum Loan $750,000 - Fixed 2 Years 1.89% (2.85% CR)
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Store Repfootyboy @ Blue Owl Finance on 21/07/2021 - 11:53 suncorp.com.au (206 clicks)
Last edited 21/07/2021 - 19:05 by 2 other users

Bank of the Year 2021, Suncorp, just announced to brokers;

$3,000 Home Loan Refinance Offer^
Effective Monday 26 July 2021, Suncorp will offer customers a $3,000 refinance incentive if they switch to Suncorp for loans of $750,000 or more.

Offer Details
• Available for refinance applications (from another lender), with the minimum refinance amount of $750,000.
• Effective for applications received by Suncorp Bank between Monday 26 July 2021 until 31 August 2021.
• Settle by 30 November 2021

Offer Conditions
• LVR including Lenders Mortgage Insurance where applicable, is less than or equal to 90%
• Investment & Owner-Occupied loans
• Principal & Interest, and Interest Only repayments
• All home loan products: Standard Variable, Fixed Rate & Back to Basics Variable
• Its available in conjunction with our existing Home Package Plus Annual Fee Refund Offer
• Minimum amount must be refinanced from another lender for equal to or greater than $750,000.

Rates highlight;

  • 2 years fixed 1.89% comp. 2.85%
  • Standard variable with offset 2.54%/ comp. 2.96%

*See comparison below as these are based on $150k loans. I can calculate your actual comparison rate.

I know this won't appeal to everyone, however I don't offer broker cashbacks as I prefer quality service over mass volume. There are brokers on OzB that do offer cashbacks.

36 happy OzBargain refinances to date and have enjoyed 100% approval rate.

Hope you find this useful,
Aidan
Owner & Mortgage Broker
[email protected]
www.blueowlfinance.com.au
0412378146
Link to my calendar - https://www.blueowlfinance.com.au/bookings-checkout/consulta…

ABN 27 646 433 374 | Certified MFAA Member 230928 | Australian Credit Licence number 384704 | Credit Representative’s number 527699

COMPARISON RATE WARNING:

Each comparison rate is based on $150,000 over 25 years. These comparison rates apply 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. Comparison rates for Interest Only Fixed Rate home loans are based on an initial Interest Only period equal in length to the fixed rate period. Comparison rates for Interest Only Variable home loans are based on an initial 5 year Interest Only period.

Financial Cashback Home Loan Refinance

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closed Comments

  • clubhonda on 21/07/2021 - 11:57
    +1

    Wow. That's a lot of debt to be in!

    • Store Repfootyboy @ Blue Owl Finance on 21/07/2021 - 11:58
      +6

      You're obviously not in Sydney!! :D

    • hippyhippy on 21/07/2021 - 13:13

      750k is spare change in Sydney…. if your debt is less than 750k… you're probably not even in Sydney

      • clubhonda on 21/07/2021 - 14:34
        +1

        No, thank goodness I'm not in Sydney lol

  • bhakharvadi on 21/07/2021 - 12:03

    Any offers for loans less than $750,000?

    • Store Repfootyboy @ Blue Owl Finance on 21/07/2021 - 12:08

      @bhakharvadi Yep, lots! I have PM'd you.
      For the benefit of everyone else, there's a few other $3k offers out there which I have access to.

  • Store Repfootyboy @ Blue Owl Finance on 21/07/2021 - 12:05

    Happy to answer any policy / general questions out there!

  • Revolution42 on 21/07/2021 - 12:17

    Do you need LMI for LVR of 90%?

    • Store Repfootyboy @ Blue Owl Finance on 21/07/2021 - 12:21

      With Suncorp yes. I only know of one lender doing 90% no LMI (unless accountant, lawyer, FHLDS, etc.) and rates a little higher.

      • Ronerrlaw on 21/07/2021 - 16:20

        Out of curiosity, what would be requirements for a lawyer?

        • Store Repfootyboy @ Blue Owl Finance on 21/07/2021 - 16:23

          $120k income.

  • adamk287 on 21/07/2021 - 12:46

    Can I refinance with this offer if I am already with Suncorp?

    • Store Repfootyboy @ Blue Owl Finance on 21/07/2021 - 13:13

      @adamk287
      Afraid not! Lots of others offering $2-4k for refinances though.
      [email protected]

  • CheckMateWin on 21/07/2021 - 12:52

    Hi OP,

    What's the best Investor refinancing offer currently on the market?
    I'm currently on ~480K @ 2.94% variable loan, thinking about making a switch.

    Thanks!

    • Store Repfootyboy @ Blue Owl Finance on 21/07/2021 - 13:17

      @CheckMateWin I'd look at Citibank here, $3,000 cashback, 2.19% fixed 2 years, free rate lock (important now rates are rising)
      [email protected]

  • pyramid on 21/07/2021 - 13:18

    Any offers for refinance less then $750k?

    • Store Repfootyboy @ Blue Owl Finance on 21/07/2021 - 13:35

      @pyramid Lots of others offering $2-4k for refinances!
      [email protected]

  • macr0hard on 21/07/2021 - 21:12

    Is this available through the broker only?

    • Store Repfootyboy @ Blue Owl Finance on 21/07/2021 - 21:28

      @macr0hard direct or broker.
      My turnaround is 1 day, I'm unsure how long the waitlist is if you call the bank direct to book an appointment.

      • macr0hard on 22/07/2021 - 09:05

        I don’t mind using a broker, but just in case i jump ship in less than 2 years

  • dajiska on 21/07/2021 - 22:18
    +1

    Hey OP,

    Standard variable with offset 2.54%/ comp. 2.96% —> is there any type of fee for offset account ?
    And does this rate apply to loan amount $750K plus?

    • Store Repfootyboy @ Blue Owl Finance on 22/07/2021 - 06:58

      @dajiska nope, no fees for offset.
      Actual comparison for $750k+ will be much lower as no annual fees.

      Also, happy to do a pricing request to see if we can get better than advertised rates.
      [email protected]

  • coolsteps on 26/07/2021 - 23:12

    got charged the $375 few a couple of days ago as an existing customer . i might give them a call and see if they will waive it. any existing customers have any luck?

    • Store Repfootyboy @ Blue Owl Finance on 27/07/2021 - 06:28

      @coolsteps I wish you luck, but I wouldn't hold my breath in this case. Let us know how you go!

      • coolsteps on 05/08/2021 - 19:00

        i called today they said the hardship team that can waive the fee had gone home and to call again tomorrow. i don't know if its worth it if they report it on my credit file? i hope to apply for another home loan towards the end of the year. they said the $0 Annual Fee for Life minimum loan is $150k and i could get it applied to existing loans if i took out a new loan and made a variant to the existing ones. i dont think they will lend me more than 500k, so op for the cash back is it a bare minimum a loan of $750,000 required?

        • Store Repfootyboy @ Blue Owl Finance on 06/08/2021 - 12:21

          @coolsteps yes minimum $750k.

          Other lenders doing 1.89%, $0 annual fee for life, $0 application fee and $3,000 cash back for loans over $250k.

          Aidan
          [email protected]

  • kanad on 02/08/2021 - 14:21

    Can you get Annual Fee for Life of Loan for new loans?

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