Suncorp Bank
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Suncorp Bank

Special Offer Home Package Plus Access Equity $150K <90%

Variable Rate
3.54% p.a.
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Key Features
Loan Type
HomeEquity
Min Loan
Max Loan
$150,000.00
$3,250,000.00
Application Fee
$0.00
Borrow upto
of property value
90%
Ongoing fee
$375.00 Yearly
Redraw Facility
Offset Account

Loan Details

Loan Type HomeEquity
Security Type ResidentialProperty
Availability
Repayment Options Interest Only
Repayment Frequency Weekly, Fortnightly, Monthly
Min Loan Term 0
Max Loan Term 0
Max Loan to Value Ration (LVR) 80%
Max LVR with Mortgage Insurance 90%
Min Loan Amount $150,000.00
Max Loan Amount $3,250,000.00
Interest Rate Notes
Discounted rate is only available for loans taken out as part of the Home Package Plus Special Offer >= $150,000 and borrowings <= 90% of the security property value (LVR) inclusive of lender’s mortgage insurance (if applicable), with Principal and Interest repayments. The discounted rate (currently 3.54% p.a.) is calculated by subtracting a discount of 2.11% p.a. from the Standard Access Equity (Line of Credit) Rate (currently 5.65% p.a.). The discounted rate special offer is available on eligible loans applied for from 20 March 2020. Rates and discounts are subject to change.

Features

Extra Repayments
Loan is Transferable (Portable)
Transfer Fee $0.00
Mortgage Offset Available
Mortgage Offset 100%
Mortgage Offset Rate 0%
Redraw Available
Min Redraw Amount $0.00
Max Redraw Amount $0.00
Redraw Fee $0.00
Redraw Notice Period
Redraw Method
Redraw Notes & Comments

Split Account

Split Available
Max No. of Accounts for Split 20
Separate Statements for Split
Statement Frequency
Fixed Option
Fee for Fixing $0.00

Fees

Application Fee $0.00
Legal Fee $0.00
Valuation Fee $0.00
Settlement Fee $0.00
Service Fee $375.00
Exit Fee $350.00
Early Termination Fee

Break Costs


General Fee Notes:


General Notes:

No set term. The Bank reserves the right to withdraw, or reduce the loan limit at any time or demand repayment in full.
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*The comparison rates in this table are based on a secured loan amount of $150,000 and a term of 25 years. WARNING: 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 costs savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates are not calculated for revolving credit products.