| Home Loan Lender |
 |
Suncorp Home Loan |
|
| Home Loan Product Name |
Asset Line>$250K 0.70% Disc |
| Interest Rate |
7.10% |
Comparison Rate
Estimated |
7.35% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,008.05 |
Total Paid
Estimated |
$371,880 |
| Establishment Fee |
$0.00 |
| Enquire/Apply |
 
|
| Target Market |
Allows the borrower to use their income and savings to effectively reduce the balance of their loan by way of a 100% interest offset facility.
,
The borrower has immediate access to their funds by cheque book and/or electronic access. |
| Acceptable Income |
As per policy guidelines. |
| Loan Term |
Maximum: 30 years. |
| Loan Size |
Minimum $150k (based on Total Borrowings). |
| Repayment Type |
Principal & Interest, Interest Only 1 - 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 |
Monthly (to loan from Offset Account).
,
Weekly or Fortnightly (to Offset Account). |
| Extra Repayments |
|
| Split Loan Facility |
Yes Unlimited. |
| Offset |
100% Offset - Balance of Every Day Options Account against Standard Variable Home Loan.
,
Everyday Options Account.
,
Unlimited fee free Suncorp Transactions. Easy access to funds. Optional offset facility balance of all sub accounts (up to 3) offset against the SVR home loan. Up to 3 sub accounts with interest (when not used as an offset facility). Available in or out of package. Electronic transactions only on sub accounts. |
| Redraw Facility |
Minimum: $1,000 1 free redraw (via Internet and to Suncorp account) each month $20 fee. |
| LVR |
Owner Occupier & Investment Maximum LVR 100% Refer Special Lenders Criteria.
,
Construction Maximum LVR 95%.
,
Refinance/Debt Consolidation No Cash Out Maximum LVR 95%.
,
Refinance/Debt Consolidation Cash Out Maximum LVR 90%.
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LVR for both personal and investment purposes.
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Maximum number of loans that can be consolidated is 4. Maximum loan amount $500,000..
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Vacant Land Maximum LVR 95%.
,
Asset Line - Maximum: 90%.
,
Construction Not available. |
| Fees |
Application Fee Rebated on eligible Home Loan products Standard Variable, Fixed and Asset Line.
,
Everyday Options Package Fees $300 per annum charged at $25 per month.
,
Account Keeping Fee Nil.
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Additional Valuation Fee $160
,
Progressive Funding Fee $250
,
Deferred Establishment Fee applies within the first 4 years Minimum $800
,
or $1400 if Application Fee of $600 not paid upfront.
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Redraw Fee $20.
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Offset Facility Fee $75 (once only fee) |
| Enquire/Apply |
|