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Owner Occupied P&I Variable Rate Home Loan 1.99% p.a. (70% LVR, Comparison Rate 2.00% p.a.) @ Suncorp

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Owner Occupied P&I Variable Rate Home Loan 1.99% p.a. (70% LVR, Comparison Rate 2.00% p.a.) @ Suncorp
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Store RepAdrian Player @ Integral Loan Solutions on 14/01/2022 - 13:30 suncorp.com.au (406 clicks)
Last edited 14/01/2022 - 16:05 by 1 other user

Other Interest rates

Owner occ - P&I - 80% lvr basic variable redraw 2.02% comp rate 2.03%
Invetsment - P&I - 80% lvr basic variable redraw 2.57% comp rate 2.57%
Investment - IO - 80% lvr basic vairable redraw 2.99% comp rate 2.57%
Owner occ - 2 year fix p&I 80% lvr - 2.55% comp rate 2.40% with no annual fee for life
Invetsment - 2 year fix p&i 80% lvr - 2.68% comp rate 2.59% with no annual fee for life

Variable + offset on owner occ and investment are pricing requests with suncorp with the suncorp bdm.

Offer is stackable with $3000 cashback offer.

FAQs - https://go.suncorp.com.au/e/151401/h-Back-Boost-Payment-FAQ-…

Suncorp are also running a Solar bonus at the moment.

Broker Cashback $500 for balances between 300k and 700k net of offset & $1000 cashback for balance over 700k net of offset. Broker rebate paid post settlement normally 2 months post settlement and on complete variable into 2 payments on 2 and 24 months.

Not suitable for fully offset clients.

You can book an appointment straight into my calendar
or send me an sms at 0416643638 or email - [email protected]

Adrian Player | Director
Credit representative (498364) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237).
W: www.integralloansolutions.com.au

Financial Home Loan Refinance

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closed Comments

  • krunkworx on 14/01/2022 - 13:55

    I’m confused. Where’s the $3000 mentioned on the Suncorp page? Is this something only available via a broker?

    • moocher on 14/01/2022 - 16:01

      It is on the Suncorp website - see direct link

      • Store RepAdrian Player @ Integral Loan Solutions on 14/01/2022 - 16:14

        ok great its been updated. Glad its showing now. Happens sometimes they issue the offer and update the website same day.

  • Store RepAdrian Player @ Integral Loan Solutions on 14/01/2022 - 13:59

    Its not currently on the suncorp website, oz bargains makes us link to the banks website. Its an email sent out to the broker network as of today. 3k home buying bonus + refinance bonus for over 750k loan size. Also on the offset and fixed products you can get no annual fee for life as well. Also they are running a solar bonus as well.

    • krunkworx on 14/01/2022 - 14:09

      Ok. So what are the downsides?

      • Store RepAdrian Player @ Integral Loan Solutions on 14/01/2022 - 14:11
        +1

        RBA rate increases or the bank claiming their costs have gone up and they put the rate up. Or if you dont qualify for the 750k purchase rebate you may qualify for the 3k solar buying rebate.

        • amaryllis on 14/01/2022 - 14:53

          Can you stack the two bonuses?

          • Store RepAdrian Player @ Integral Loan Solutions on 14/01/2022 - 14:59

            @amaryllis: No those 2 bonus do not stack. The only way is to get the 3k refi bonus settle the deal then claim the 500 existing solar bonus on top. No way to get both 3k and 3k with suncorp. How ever with ING and Me bank you can get 3k and 3k for 2 separately lodged deals 2 properties 1 client. as long as the loan size for each deal matches the refi bonus minimum amount of 250k for me bank and 500k for ing.

  • f4te on 14/01/2022 - 14:04

    How's their rate creep?

    • Store RepAdrian Player @ Integral Loan Solutions on 14/01/2022 - 14:07

      No different from any other majors on variable. The variable rates are 30-50 basis points lower then fixed so has plenty of room if the rate bumps up. But with variable you dont have control of rate rises. Suncorp is pretty good with re pricing loans as well for current customers.

  • smiles on 14/01/2022 - 14:09

    Do they really give cashback
    $3000 as in bank transfer or would it be like a waiver of $3K ? there is a difference …

    • Store RepAdrian Player @ Integral Loan Solutions on 14/01/2022 - 14:09

      Its a transfer into your suncorp bank account if your loan size is over 750k.

  • Jetstream on 14/01/2022 - 14:17

    Don’t hate the player, hate the game

    • Store RepAdrian Player @ Integral Loan Solutions on 14/01/2022 - 14:18

      And the 2nd best one i hear all the time is from the Rocky movie! haha

  • boondocksaint on 14/01/2022 - 15:06

    Do Suncorp offer a cash out option if you re-finance with them? We just finished building a home and the value as increased substantially since we started. So we would want to refinance up to 80% to pay for landscaping, pool etc.

  • Store RepAdrian Player @ Integral Loan Solutions on 14/01/2022 - 15:09
    +1

    Yep they just updated their cash out policy. Anything over 100k used to be really tough with them in the past. Now they will do it as long as you are under 80% lvr total and the borrowing power calc works you are good to go with them now. Ive got the policy update if you want to email me and ill send it across. had another client enquire about cash out policy this morning.

    • boondocksaint on 14/01/2022 - 15:27

      Mail sent

      • Store RepAdrian Player @ Integral Loan Solutions on 14/01/2022 - 16:08

        Got it i just responded

  • Ozbargainlyf on 14/01/2022 - 15:29

    How can they discriminate against the fully offset crowd? Couldnt i just move the money into the offset after a month?

    • Store RepAdrian Player @ Integral Loan Solutions on 14/01/2022 - 15:36

      Because they make money on the net of offset funds and so do brokers. So if you fully offset the funds banks make no money. So many lenders are checking balances up to 12 months now to avoid these kind of situations. Many banks have different rules on how many checks and when those checks happen post settlement as well.

      • Ozbargainlyf on 14/01/2022 - 17:47

        Pretty stupid, so when i applied for latest credit related stuff, they didn't treat offset amount as "savings" because i could go and spend it all tmrw, but yet this gets counted against if i decided to apply for a product?

  • tunzafun001 on 14/01/2022 - 16:19

    Hi mate, what are your thoughts on the rate situation? I think it's fair to say with all the govt 'stimulus' real inflation is running hard and a rate rise or 3 is inevitable.

    Whats the best 2-5 year fixed rate (with 100% offset) that you know of at the moment? Cheers

    • Store RepAdrian Player @ Integral Loan Solutions on 14/01/2022 - 16:53

      Big 6 banks have bumped the 2 and 3 year fixed rates at least 3 times in the last 2 months. While variable rates have come down the amount fixed rates went up.

      Only teachers mutual Adelaide bank have a full offset on a fixed loan. Bank west and st george have a partial offset vs a fixed loan.

      Adelaide bank 2.44% 2 year fix P&I up to 80% lvr 2.12% comp rate would be the best in that product range at the moment.

      • tunzafun001 on 14/01/2022 - 23:30

        Cheers. The variable rate is still more appealing I think. Next 3 months could be interesting.

  • ABA on 14/01/2022 - 16:30

    Their customer service, app and netbanking portal are terrible. Just FYI, not a deal breaker though.

    e.g - You must have 8 letter long password, neither longer, nor shorter. Yes, that's true whether you believe or not.

    So not confident about their security team either. They are still living in 80s.

    • Futurist on 14/01/2022 - 16:51

      Their customer support has been quiet good for me.

      I recently refinanced a few home loans to suncorp, and after each settlement (they were all different says) I contacted customer support to make sure everything was setup correctly, and they did that for me.

      Friendly, knowledgable and good comm skills.

      Their Internet banking is a bit old fashioned. Max password was 8 chars. Cant have more.
      Didnt think this was secure enough - but they have a Token app that you should probably use too.

    • Store RepAdrian Player @ Integral Loan Solutions on 14/01/2022 - 16:55

      I would say their customer service is really good. But yes can be a little clunky using fms their lawyers stuck in the dark ages and a few other items.

      But im gold status in suncorp so im used to the common issues and how to resolve things with a very supportive bdm that knows a lot and has a lot exp which helps.

  • drprox on 14/01/2022 - 17:04

    Geez that's competitive. Damn my loyalties!

    • Store RepAdrian Player @ Integral Loan Solutions on 14/01/2022 - 17:05

      Yep is a very good offer on the market with a low comp rate and good bonus.

  • dealmaker on 14/01/2022 - 18:13

    "Investment - IO - 80% lvr basic vairable redraw 2.99% comp rate 2.57%"

    How is this correct? Comp rate is lower?

    • Store RepAdrian Player @ Integral Loan Solutions on 14/01/2022 - 18:15

      It rolls off onto p&I after the max io term which is 5 years then sits on the much lower p&I rate with no fees for the rest of the term of the loan. Which makes the comp rate lower then the io initial rate.

  • miwahni on 15/01/2022 - 01:37

    Suncorp recently (November 4th) jacked my LOC rate up by an additional 1.05%pa with no warning. Customer service person couldn't tell me why, when I rang, but promised to ring back the next day with the answer. When I rang back eight days later, having heard nothing, I was told it was because the RBA put the variable rate up. Which was nonsense - if anything, the RBA had increased the amount of Tier one capital that a bank had to hold against an IO product….

    OTOH Suncorp recently gave me $500 because I had solar power at home. Doesn't make up for the interest rate hike but I guess it's something.

    • Store RepAdrian Player @ Integral Loan Solutions on 15/01/2022 - 09:51

      Yeh that been happening for 5+ years either LOC products have been discontinued or aged or the rates jacked up so clients closed the product. Happening across the industry. 5+ years ago 10+ banks had LOC products less then 3-4 have them now.

      • miwahni on 16/01/2022 - 00:47

        Exactly - I refinanced to Suncorp in the first place because my St.George portfolio rate was around 5.5% even with staff discount whereas Suncorp was 2% lower, and having left St.George I no longer felt any loyalty to them. Yet when these loans were first introduced in the late 90s we used to flog them like crazy. Some customers you just wouldn't write the product for them - wouldn't even mention it existed, because they lived pay cheque to pay cheque and you could see they didn't have the discipline to make them work, but for investors who knew what they were doing - or even owner occupiers who understood how to best make the product work - it was the best product ever. Hence my enduring love for it.

  • qwerty40777 on 15/01/2022 - 10:04

    Online bank mortgage customer here, what are some advantages with a brick and mortar bank vs an online bank (Tic Toc, Nano, Reduce)

    • Store RepAdrian Player @ Integral Loan Solutions on 15/01/2022 - 15:54
      +1

      Backed by a big 6 bank, some have branches, access to more atm, better online banking, better selection of products not just in lending but other account and products. Aslo during gfc only certain banks got the 250k govt guarantee of protection. Also many of those online lenders have very very tight lending polices.

  • MountFranklin on 21/01/2022 - 20:02

    What's the rate for investment IO fixed?

    • Store RepAdrian Player @ Integral Loan Solutions on 21/01/2022 - 20:42
      +1

      2.88% 2 year fix io investment comp rate 2.57%

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