Suncorp Back to Basics Variable Home Loan with Redraw 1.94% (1.95% CR) under 70% LVR

Store RepJamesSimBroker @ James Sim, Nectar Mortgages on 10/02/2022 - 22:12 suncorp.com.au (305 clicks)
Last edited 11/02/2022 - 12:21 by 1 other user

Suncorp has been named Money Magazine’s Bank of the Year and Business Bank of the Year for the fourth year in a row.

$3,000 Home Loan Refinance Offer & NO annual fee for the life of the loan which is equivalent to $11,250 over 30 year.

Fixed rates are moving rapidly upwards. We recommend to rate lock at a cost of 0.15% of the fixed loan portion only.

Rates highlight:

Owner occupied P&I with comparison rate (CR)
2 years fixed 2.68% CR 2.69% at 80% LVR
3 years fixed 2.98% CR 2.80% at 80% LVR
Basic variable with redraw 1.94% CR 1.95% at 70% LVR
Basic variable with redraw 2.02% CR 2.03% at 70% to 80% LVR
Basic variable with redraw 2.29% CR 2.30% at 80% to 90% LVR
Variable with offset 2.09% CR 2.53% at 70% LVR

Investment P&I with comparison rate (CR)
2 years fixed 2.74% CR 2.88% at 80% LVR
3 years fixed 3.09% CR 2.99% at 80% LVR
Basic variable with redraw 2.19% CR 2.20% at 70%
Basic variable with redraw 2.24% CR 2.25% at 70% to 80% LVR
Basic variable with redraw 2.64% CR 2.65% at 80% to 90% LVR
Variable with offset 2.29% CR 2.72% at 70% LVR

Other refinancing rebates available:

ING - Get up to $3,000 cashback when you refinance your home loan before 31 March 2022 T&Cs apply.
BOQ - Get up to $3,000 cashback when you refinance your home loan before 15 April 2022 T&Cs apply.
MYSTATE - Get up to $3,000 cashback when you refinance your home loan until 28 Feb 2022 T&Cs apply.
ME - Get up to $3,000 cashback when you refinance your home loan until 30 May 2022 T&Cs apply
Citibank - Get up to $3,000 cashback when you refinance your home loan until 28 Feb 2022 T&Cs apply

Comparison Rates
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.

Broker Rebate Terms and Conditions

We are offering a $500 upfront cashback for loan greater than $500k (excluding offset and redraw) for any fixed term loan of 2 years or more. $1,000 upfront cashback for loans $1M and above (excluding offset and redraw) for any fixed term loan of 2 years or more.
Maximum of 1 cashback per household.

Contact me for a no obligation meeting via Calendly or call me directly.
James Sim - Senior Mortgage Broker
M: 02 8319 4862 / 0487 000 098
E: [email protected] or [email protected]
W: https://www.nectarmortgages.com.au/project/james-sim/ or http://jamessimbroker.com.au
Australian Credit License number 387856
Recent award & review: Won National Top Broker for customer service award 2021 out of 88 brokers in the franchise group

(Duplicate component removed from title.)

Financial Home Loan Refinance

29 Apr 2022

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closed Comments

wrjcu on 10/02/2022 - 22:19

-3

2 years time variable rate will be like 6%, 750k loan repayments of like $1350 a week.
- virtualds on 10/02/2022 - 22:26
  
  +2
  
  That's not gonna happen.
  - [Deactivated] on 10/02/2022 - 22:34
    
    Yes, that's true and I'm Batman!
    - sydney_kings on 11/02/2022 - 00:45
      
      Holy Smokes Batman!
      - [Deactivated] on 11/02/2022 - 00:48
        
        @sydney_kings: About time you got here Robin!
    - wrjcu on 09/04/2022 - 17:15
      
      Seems like you may soon be Batman,
      - [Deactivated] on 10/04/2022 - 00:50
        
        @wrjcu: No, I meant I agree with you that rates will rise. My comment was in reply to virtualds because I disagreed with him. I believe we will see rates of around 3.5-4% in 2023. And so there's no way I'm Batman. :)
        
        wrjcu on 10/04/2022 - 01:06
        
        @[Deactivated]: My bad mate, I say that rates are rising so overleveraged ozb's neg me.
        
        [Deactivated] on 10/04/2022 - 01:15
        
        @wrjcu: People have very short memories mate or a great majority of the so called "sophisticated investors" , who are generally nothing more than speculators, either don't recall the GFC or were too young and poor to remember what happened. We have had a major downturn at least once every ten years without fail. 1970s, 1980s, 1990s, the 2000s and 2010s. The pandemic was not the one in the 2020s but the catalyst for the one that's coming.
  - [Deactivated] on 10/02/2022 - 22:35
    
    Who said?
    - gimli on 10/02/2022 - 22:36
      
      Whoosh
- Jabberwocky on 10/02/2022 - 22:44
  
  2027-28 by the time this happens and that too if our economy grows at 3.5-4% consistently.
- wrjcu on 10/02/2022 - 22:49
  
  I'ts just a 4% rise in the cash rate from historical lows, with such high cpi that's how the system is supposed to work. Everyone has buffers right.
  - sydney_kings on 11/02/2022 - 00:50
    
    I'm pretty sure rates were 7.5-8% just before the GFC, so its possible, but unlikely, the higher borrowing amounts mean greater sensitivity to rate movements.
- SS625 on 11/02/2022 - 09:28
  
  once they dropped the rate, its very hard for them to raise it that quickly, or else half the country will be in debt bubble and no one will benefit from it.
- El-Rhi on 13/02/2022 - 18:27
  
  If you say so Mr Lowe
cocomelon on 11/02/2022 - 13:09

what is the best rates on interest only for investment property
- sydney_kings on 11/02/2022 - 18:16
  
  Athena has 2.49%, but I haven't looked specifically for Inv IO loans
- Martyroz on 11/02/2022 - 19:23
  
  2.69 with Suncorp

This was posted 2 years 2 months 19 days ago, and might be an out-dated deal.