|
Lender Name |
SUNCORP |
|
Product Name |
BACK TO
BASICS
(PERSONAL
PURPOSE &
INVESTMENT) |
|
Product Type |
VARIABLE |
|
Interest
Rates |
Latest
Interest
Rates
Compare
Other
Lenders |
|
Redraw
Facility |
Minimum:
$1,000 1
free redraw
(via
Internet and
to Suncorp
account)
each month
$20 fee. |
|
Offset |
Not
Available. |
|
Fees |
Establishment
Fee:$600.
Account
Keeping Fee
- Nil.
Add Loan
Establishment
Fee:$300.
Establishment
fee includes
all
Valuations
and Legal
Fees.
Deferred
Establishment
Fee applies
within the
first 4
years
Minimum $800
and maximum
$1400.
Redraw Fee
$20. |
|
LVR |
Owner
Occupier &
Investment
Maximum LVR
100% Refer
Special
Lenders
Criteria.
LMI
Capitalised
in every
case when 3%
genuine
savings
Refinance/Debt
Consolidation
No Cash Out
Maximum LVR
95%
Refinance/Debt
Consolidation
Cash Out
Maximum LVR
90%
LVR for both
personal and
investment
purposes.
Vacant Land
Maximum LVR
95%. |
|
Repayment
Type |
Principal &
Interest,
Interest
only (Max 5
years) and
Interest
Only
Personal
Purpose.
Interest
Only
Personal
Purpose the
loan must
roll to
Principle
and Interest
when the
Interest
Only Period
is
completed.
Minimum
Interest
Only term is
3 months
with a
maximum of
60 months.
At the end
of 60 months
there is an
option to
extend by an
additional
60 months
subject to
credit
approval.
Terms and
Conditions
apply. |
|
Repayment
Options |
Weekly or
Fortnightly
or monthly
payments. |
|
Repayment
Method |
Direct Debts
or salary
credit. |
|
Extra
Repayments |
Unlimited
additional
repayments. |
|
Special
Offers |
|
|
Term |
Minimum 8
years.
Maximum 30
Years. |
|
Loan Size |
Minimum:
$10,000.
Maximum:
Unlimited. |
|
Mortgage
Insurance |
Yes. If LVR
is greater
than 80%. |
|
Acceptable
Income |
As per
policy
guidelines. |
|
Product
Change |
Yes
Switching
fee of $300. |
|
Statements |
Issued 6
monthly. |
|
Portability |
Yes. |
|
Split Loan
Facility |
Yes.. |
|
Special
Notes |
The maximum
loan amount
where the
LVR does not
exceed 65%
is $400,000
Please refer
to the
Business
Partners
site for
full details
of these
changes.
Deposit
Kickstart
Option
available
refer to
Special
Lenders
Criteria. |
|
Target
Market |
Variable
rate loan
whereby the
interest
rate falls
or rises as
the market
but the
interest
rate is set
below the
bank's
standard
variable
rate.
This product
is ideal for
borrowers
looking for
a lower
variable
rate without
the same
flexibility
as the
standard
variable
home loan. |
