|
Lender Name |
SUNCORP |
|
Product Name |
FIXED RATE /
INTRODUCTORY
RATE |
|
Product Type |
FIXED
1,2,3 and 5
Years |
|
Interest
Rates |
Latest
Interest
Rates
Compare
Other
Lenders |
|
Redraw
Facility |
Not
available
while loan
is on fixed
rate. |
|
Offset |
Not
applicable |
|
Fees |
Establishment
Fee:$600.
Account
Keeping
Fee:$10 per
month.
Additional
Valuation
Fee $160
Split Loan
Fee $200
Progressive
Funding Fee
$250
Deferred
Establishment
Fee applies
within the
first 4
years
Minimum $800
and maximum
$1400
Switching
Fee:
$300
If fixed
rate is
broken
early, Early
Payment
Interest
adjustment,
may also
apply.
Guaranteed
Rate Fee is
calculated
at a rate of
0.15% of the
amount
borrowed and
is financed
as part of
the loan
amount.
Establishment
fee includes
all
Valuations
and Legal
Fees. |
|
LVR |
Owner
Occupier &
Investment
Maximum LVR
100% Refer
Special
Lenders
Criteria.
Refinance/Debt
Consolidation
No Cash Out
Maximum LVR
95%.
Refinance/Debt
Consolidation
Cash Out
Maximum LVR
90%.
LVR for both
personal and
investment
purposes..
Maximum
number of
loans that
can be
consolidated
is 4.
Maximum loan
amount
$500,000.
Vacant Land
Maximum LVR
95%. |
|
Repayment
Type |
Principal &
Interest,
Interest
Only for
investment
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. |
|
Repayment
Method |
Internet
transfers,
Direct
Debts, B
Pay,
Internet,Branch. |
|
Extra
Repayments |
If the
overall
payment made
for the
month
exceeds the
standard
monthly
repayment by
more than
$500, then
an Early
Payment
Interest
Adjustment
may apply. |
|
Special
Offers |
Guaranteed
Rate Fee
Fixed rate
Loans
(excluding
the
Introductory
12 Month
Fixed Rate)
The fee is
calculated
at 0.15% of
the amount
borrowed
excluding
other fees
which are
financed by
the loan.
The Rate is
guaranteed
for up to 90
days from
application.
The
Guaranteed
Rate fee is
calculated
at 0.15% of
the total
lend
(excluding
other fees
which are
financed by
the loan).
All normal
fees &
charges
still apply.
The
Guaranteed
Rate Fee
will no
longer be
able to be
paid up
front
meaning it
will be
financed
into the
customer’s
loan. |
|
Term |
1,2,3,or 5
year fixed
interest
period.
Introductory
12 months.
Maximum: 30
Years. |
|
Loan Size |
Minimum:
$10,000.
Maximum:
Unlimited. |
|
Mortgage
Insurance |
Mortgage
Insurance:
Required for
all loans
with 80% LVR
or above. |
|
Acceptable
Income |
As per
policy
guidelines. |
|
Product
Change |
Yes
Switching
fee of $300. |
|
Statements |
Issued 6
monthly. |
|
Portability |
Yes. |
|
Split Loan
Facility |
Yes, 1 free. |
|
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.
100% Home
Loan Option
and Deposit
Kickstart
Option
available
refer to
Special
Lenders
Criteria. |
|
Target
Market |
Allows the
borrower to
secure an
interest
rate and
repayment
amount for a
set period,
with some
flexibility
to make
additional
payments. |
