| Home Loan Lender |
 |
Suncorp Home Loan |
|
| Home Loan Product Name |
Back To Basics>$250K 0.10% Disc |
| Interest Rate |
7.12% |
Comparison Rate
Estimated |
7.16% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,010.07 |
Total Paid
Estimated |
$364,200 |
| Establishment Fee |
$600.00 |
| Enquire/Apply |
 
|
| 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. |
| Acceptable Income |
As per policy guidelines. |
| Loan Term |
Minimum 8 years.
,
Maximum 30 Years. |
| Loan Size |
Minimum: $10,000.
,
Maximum: Unlimited. |
| 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. |
| Extra Repayments |
|
| Split Loan Facility |
Yes.. |
| Offset |
Not Available. |
| 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.
,
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%. |
| 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
,
or $1400 if Application Fee of $600 not paid upfront.
,
Redraw Fee $20.
,
Split Loan $200 |
| Enquire/Apply |
|