At a glance…
- Guaranteed interest rate for your choice of 1, 2, 3 or 5 years
- Even if interest rates rise, youll continue to pay the fixed rate for that period
Fixed Rate Home Loans
|
Loan Type
|
Reference Rate
|
|
Introductory 1 Year Fixed Rate
(reverts to the Standard Variable Loan rate at the expiry of the 12 month period)
|
7.19% p.a.
|
8.42% p.a.
(based upon $150,000 over 25 years) |
1 Year Fixed Rate#
(reverts to the Standard Variable Loan rate at the expiry of the 1 year period) |
7.29% p.a.
|
8.43% p.a.
(based upon $150,000 over 25 years) |
2 Year Fixed Rate#
(reverts to the Standard Variable Loan rate at the expiry of the 2 year period) |
7.04% p.a.
|
8.27% p.a.
(based upon $150,000 over 25 years) |
3 Year Fixed Rate#
(reverts to the Standard Variable Loan rate at the expiry of the 3 year period) |
7.40% p.a.
|
8.25% p.a.
(based upon $150,000 over 25 years) |
5 Year Fixed Rate#
(reverts to the Standard Variable Loan rate at the expiry of the 5 year period) |
7.89% p.a.
|
8.32% p.a.
(based upon $150,000 over 25 years) |
#Low Doc Option is available on Standard Variable, Back to Basics, Asset Line, 1 Year Fixed, 2 Year Fixed, 3 Year Fixed and 5 Year Fixed. A Low Doc Margin is added to the standard reference rate displayed.
*Download the Comparison Rate Schedule in PDF format.
| The Basics |
|
| Interest type |
- Fixed Interest Rate
- Your interest rate wont change for a set period. This brings peace of mind that your repayments wont increase during that time.
|
| Purpose |
- Personal
- Investment
- Low-Doc for self-employed people (1)
|
| Ability to 'split' |
- Yes
- You can choose to lock in interest rates on part of the loan by selecting a fixed rate but still have access to additional features and flexibility on the remaining variable rate portion of the loan, such as 100% Home Loan Offset Facility.
|
| Fixed rate term |
- 1, 2, 3 or 5 year periods
- At the end of the fixed rate period, your loan automatically converts to the Standard Variable Rate. You then have the option to apply to refix the interest rate for a further period.
|
| Loan term |
|
| Maximum loan amount |
|
| Features |
|
| No Deposit Option |
- We may lend up to 100% of the purchase price or valuation, whichever is the lower amount, less financed Lenders Mortgage Insurance (2) .
- You will need to cover all bank, legal and government fees and charges associated with the purchase of the property.
|
| Suncorp Deposit KickStart |
- Use the equity in the home of a family member or friend towards the purchase of your new owner occupied home.
- We may lend you up to 110% (3) of the purchase price or valuation; whichever is the lower amount.
- You will save money as Lenders Mortgage Insurance is not required
|
| Redraw facility |
- No
- See our Variable rate loans if you require a redraw facility.
|
| Offest facility |
- No
- See our Variable rate loan if you require an offset facility.
|
| Statements |
- Issued every 6 months or more often if you request.
|
| Repayments |
|
| Frequency |
- Choose weekly, fortnightly or monthly.
|
| Methods |
- Choose direct from a Suncorp Transaction Account, over the phone or online.
|
| Interest only repayments |
- Yes
- Monthly in arrears or annually in advance.
|
| Additional repayments |
- Yes
- Make lump sum and additional repayments when you want in order to pay off your loan sooner (4) .
- You can pay up to an extra $500 per month on top of your minimum repayment without incurring any fees.
|
| Fees |
|
| Loan establishment fee |
$600 |
| Account keeping fee |
$10 per month |
| Mortgage Insurance |
If applicable for loans over 80% loan to value ratio |
| Guaranteed Rate fee |
- Secures a fixed rate for 90 days following your application.
- Calculated at 0.15% of the amount borrowed (excluding other fees which are financed by the loan).
- Fee is non-refundable.
|
For a complete guide to the fees and charges on our loans, please download
the Lending
Fees and Charges brochure (PDF, 301kb) or obtain a copy from a
Suncorp
branch near you.
- Excluding Introductory 1 year fixed loan
- Exclusions and maximum loan amounts apply. Suncorp will lend you 100% of the purchase / construction price or valuation (whichever is the lower).
- Terms and Conditions apply.
- An Early Repayment Interest Adjustment Fee applies if more than the prepayment allowance (currently $500, calculated monthly on the anniversary date of loan settlement) is paid in excess of the agreed monthly repayment. Fee applies to the whole amount pre-paid. A Deferred Establishment Fee may also apply if the loan is paid out within the first 4 years.
WARNING: This comparison rate applies 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 cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Comparison rate schedules are available at any Suncorp branch.
