|
Lender Name |
SUNCORP |
|
Product Name |
INVESTMENT /
STANDARD
VARIABLE |
|
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 |
100% Home
Loan Offset
facility
available. |
|
Fees |
Establishment
Fee:$600.
Account
Keeping Fee
Fee: $10 per
month.
Additional
Valuation
Fee $160
Split Loan
Fee $200
Progressive
Funding Fee
$250
Deferred
Establishment
Fee applies
within the
first
4years:
Minimum $800
maximum
$1400.
Switching
Fees:$300.
Redraw Fee
$20.
Offset
Facility Fee
$75 (once
only fee) |
|
LVR |
Investment
Maximum LVR
100% Refer
Special
Lender
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
$500k..
Vacant Land
Maximum LVR
95%. |
|
Repayment
Type |
Principle &
Interest ,
Interest
Only 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 |
Additional
Repayments -
unlimited.
Fees apply
if loan is
paid out
within first
three years. |
|
Special
Offers |
Combined
Value
Discount
applicable
for Standard
Variable
Rate Only
excludes low
doc.
Combined
Value
Discount
OUTSIDE of
the Suncorp
Money
Manager My
Home Package
with all
mortgage
lending
balances
included in
the
aggregation
calculation:
0.50% p.a.
On eligible
aggregated
mortgage
lending
between
$150k and
$250k.
0.70% p.a.
On eligible
aggregated
mortgage
lending of
$250k and
over. |
|
Term |
Maximum: 30
Years. |
|
Loan Size |
Minimum:
$10K.
Maximum:
Unlimited. |
|
Mortgage
Insurance |
Mortgage
Insurance:
Required for
all loans
with an LVR
of 80%
higher. |
|
Acceptable
Income |
As per
policy
guidelines. |
|
Product
Change |
Yes
Switching
fee of $300. |
|
Statements |
Issued 6
monthly. |
|
Portability |
Yes |
|
Split Loan
Facility |
Yes. |
|
Target
Market |
Variable
rate loan
whereby the
interest
rate falls
or rises as
the market
fluctuates. |
