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Suncorp Home Package Plus Standard Variable - 4.14% (4.15% Comp Rate) - $1500 Cash Back Offer

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Home Package Plus Standard Variable***
Owner Occupied Loans Repayment Type New Loans Standard Rate Discount Interest Rate Comparison Rate#
Borrowings <=80% of property value Principal & Interest $150,000 to $499,999 5.54% p.a. -1.40% p.a. 4.14% p.a. 4.15% p.a.
Borrowings <=80% of property value Principal & Interest $500,000 and above 5.54% p.a. -1.45% p.a. 4.09% p.a. 4.10% p.a.
LVR 80% to <=90% (incl. LMI) Principal & Interest $150,000 and above 5.54% p.a. -1.20% p.a. 4.34% p.a. 4.35% p.a.
Rates effective 14 October 2015 but subject to change.

*Offers valid from 14/10/2015 to 04/12/2015, for new loans only and are subject to change without notice and may be withdrawn at any time before a contract is entered into. The Package Variable discount is applied for as long as the loan remains part of the Home Package Plus and may be varied if the loan purpose or repayment type is changed before settlement. Pre-approvals, investment loans and loans with interest only repayments excluded.
Home Package Plus $1500 Cash Back Offer

Until 4th December 2015, we're offering $1500 Cash Back to eligible customers**
**Cash Back Offer applies to full applications (no outstanding Actual Documentation Requirements) received between 14/10/2015 and 04/12/2015 and settled before 30/03/2016. The Offer applies to new owner occupied loans with principal and interest repayments that form new lending of at least $300,000 in the Home Package Plus. Loan to value ratio, including Lenders Mortgage Insurance (where applicable), is less than or equal to 90%. The Bank will deposit one payment of $1500 for each eligible Package (not each loan) within 30 days after settlement into the Everyday Options account that forms part of the Package. Pre-approvals excluded. Offer is subject to change without notice and may be withdrawn at any time.

Home Package Plus Annual Package Fee Waiver*
Until 31st December 2015, we're waiving the $375 annual Package fee for the life of your principal and interest loan*

*Offer valid from 01/09/2015 to 31/12/2015. Annual package fee waiver applies to new owner-occupied loans of at least $150,000 with principal & interest repayments included in the Package. The Annual Package fee of $375 is charged and refunded for the life of the loan, expiring only if the loan is closed or varied out of the product or package. Offer is subject to change without notice and may be withdrawn at any time before a credit contract is entered into.

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  • +1

    these special should be ALL existing customers not just to new lenders or refinancing ones

  • yeah i agree pichka, thats exactly one of the reasons i am looking to refinance.

  • i was originally with st george up till march of this yr…..went to CUA and haven't looked back….besides $195 and $428 land and title searches for my properties…..no fees whatsoever…..my best mate and my brother have jumped over too….they are both impressed with their service etc

    i got investment loan at 4.48% (4.50%)….yes there are some cheaper ones but i'm wary about lending $$$ from these minnow lenders especially with all the uncertainty surrounding economy and china

  • +5

    Another great deal!

    Maybe I should do a cashback offer on top of this offer to make it even better :D

  • I was on this same rate and something to be wary is they jacked up the rates to 4.51 percent after 8 months. Admittedly it's an investment loan.

  • +1

    Can any brokers beat this offer?

    • We think we can. You could try: https://www.naritas.com.au/latest-news/3-69p-a-cr-na-mortgag… (this offer has cheaper pricing and more generous rebate). Alternatively, you could combine this offer from Suncorp with an extra $1000 upfront using us: https://www.naritas.com.au/1000-refinance/ Hope this helps :)

    • Not at Suncorp.. there is a NAB deal until the end of the year with a $1,500 rebate owner occupied home loan refinance / purchase or they have in my opinion a better offer of 250,000 Velocity Frequent Flyer points.. both require you to have NAB as the primary bank and a minimum loan size $250k. Rates are competitive!

      Let me know if you would like me to obtain pricing for you or provide any further details.

  • Any offset facility?

    • +1

      Suncorp provide an offset account, and you can create sub accounts under this, which allows you to compartmentalise your money and it all offsets against the mortgage.

      For example:
      1. Main offset account, provides ATM access, keep a couple of hundred bucks in so if I lose the card or it is compromised (or I'm drunk at the casino), potential loss is low.
      2. Sub account 1, majority of remainder of funds
      3. Holiday saving account
      4. car lease account

    • yes… probably one of the better offset facilitis

  • +5

    changed to suncorp the last time someone posted up an offer (yes i found a mortgage on ozbargain). did a fair bit of shopping around and the price was great, and my then-current bank (westpac) couldn't beat it. have been extremely happy with the service and day-to-day things like netbank. would recomend a++

  • With rates already on the rise I am looking at locking at 4.49% 5 years

  • Can you combine with the comission spilt deal?

    https://www.ozbargain.com.au/node/215201

  • You can combine with the 1300HomeLoan cashback deal. I have asked the broker and the trail for Suncorp is 0.165% in first 3years then 0.22% after. So it will bring the rate down to 4.0675% in the first 3 years and 4.04% after.
    https://www.ozbargain.com.au/node/215201

    • Our company can combine a cashback of $1000 with this offer to qualifying borrowers: https://www.naritas.com.au/1000-refinance/

      • 500K will disqualify a lots of people, and a trailing cashback is much better than your one-off $1000 anyway.

        • +1

          Let's examine a $500,000 loan: 0.165/2 x 500,000 = $412.50p.a.
          Most people only retain their present loan structure for 2 to 5 years.
          Also, you have to take into account that you are relying upon the broker to honour their commitment year after year (and not go out of business, to boot) vs getting cash in your hand upfront.
          Lastly, for larger loan sizes or people wanting a much more competitive offer than Suncorp we offer: https://www.naritas.com.au/latest-news/3-69p-a-cr-na-mortgag… ($3000 cashback and a much cheaper set of rate options).

  • +2

    I recently switched to Suncorp and have been impressed by their services. Good rate, handy multiple offset accounts and the best mobile app out of the lot. Looking to move my NAB loan over to this. Thanks for posting the deal.

  • +2

    Just refinanced to suncorp last week. Damn, just missed out.

  • +2

    Come on commonwealth bank.. Why don't you match it.. About to sign the dotted line next week for a loan..

    • +1

      true. im on commbank and they r giving me 4.39 now and they offer 4.19 to new customers ONLY. I asked them to offer me the same and they won't. So Im planning to refinance.

      • +1

        Yeah, luckily I'm the ideal customer (first home buyer with 20% deposit) for them as they offered 4.09%. Cash back would just to it off!

        Comm'on ComBank! Don't let me down!

        • Did CBA offer you 4.09%? Is that a honeymoon period or for the term of the loan?

        • @unity1: For the life of the loan, 1.36% off the standard variable rate. Funny it wasn't very difficult, CBA called us up 6 months ago offering 4.19%, it was too early to commit but kept it inmind. We went down the path with a mortgage broker and he got us the 4.09%, Yay!
          I'll be happy to recommend the brokers if you like.
          Surprisingly a painless event to get a good rate with a mortgage broker.

        • @Chongy288: Well done, that's a great rate with the CBA.

          Sure, wouldn't mind the brokers details, but were you an existing customer or new customer?

        • +1

          @unity1: Thanks, we were quite suspicious about the rate for so long but it is confirmed.

          The company is Templetons and Tim Howard ([email protected]) took care of our loan. They're based in Brisbane but Tim has mentioned clients in Sydney so I guess location isn't a problem.

          My partner and I both previously had savings with CBA but this is our first loan.

        • +1

          @Chongy288: Thanks so much for the contact details. Better deals exist for new customers. As an existing customer I highly doubt I will get anything close, but no harm in asking.

          Thanks again

  • started talking to Naritas and am going to refinance but would like to sweeten the deal so if you are in the same boat with a loan size over 250K please PM before engaging Naritas and i'll refer you so we both get the $250 bonus when we settle.

    • I'm looking at taking up this offer.. Will Naritas only do loans above 500K? I'm after a bit less to refinance (around 300K+).

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