Suncorp Bank
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Suncorp Bank

Special Offer Back to Basics Investment >$150K 90% LVR Principal and Interest

Variable Rate
3.08% p.a.
Comparison Rate*
3.09% p.a.
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Key Features
Loan Type
Basic
Min Loan
Max Loan
$150,000.00
$3,250,000.00
Application Fee
$0.00
Borrow upto
of property value
90%
Ongoing fee
$0.00
Redraw Facility
Offset Account

Loan Details

Loan Type Basic
Security Type ResidentialProperty
Availability Investors
Repayment Options Principal & Interest
Repayment Frequency Weekly, Fortnightly, Monthly
Min Loan Term 8
Max Loan Term 30
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 new Investment loans taken out as part of the Better Together Special Offer >= $150,000 and borrowings <= 90% of the security property value (LVR) inclusive of lenders mortgage insurance (if applicable), with Principal and Interest repayments and who hold a Suncorp Bank transaction account. The discounted rate (currently 3.08% p.a.) is calculated by subtracting a discount of 1.74% from the Standard Back to Basics Variable Rate (currently 4.82% p.a.). The discounted rate is available on eligible loans applied for from 20 March 2020. Rates and discounts are subject to change and may be varied if the loan purpose or repayment type is changed or where the borrower fails to hold a Suncorp Bank transaction account. Pre-approvals excluded. Banking Products are issued by Suncorp Bank. Please read the relevant Product Information Document and the Terms and Conditions before making any decision regarding this product. These documents are also available at Suncorp Bank stores on our Product Information Documents and Forms page (link: https://www.suncorp.com.au/banking/help-support/documents-forms.html)

Features

Extra Repayments
Loan is Transferable (Portable)
Transfer Fee $300.00
Mortgage Offset Available
Mortgage Offset 100%
Mortgage Offset Rate -%
Redraw Available
Min Redraw Amount $1,000.00
Max Redraw Amount -
Redraw Fee $20.00
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 $0.00
Exit Fee $350.00
Early Termination Fee

Break Costs


General Fee Notes:


General Notes:

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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.