Fixed Rate Home Loan -
Introductory Fixed Rate One Year
| Features |
|
| One Year Introductory Period |
You can choose to have a discounted fixed rate for the first year of your loan to help you settle into your new home1. |
| Fixed Interest Rate |
Budgeting is easier because the interest rate is fixed. |
| Repayment Flexibility |
Choose weekly, fortnightly or monthly repayments (but be careful not to exceed your minimum monthly repayment by more than $500 or you will incur a fee2). Make repayments directly from a Suncorp Transaction Account in a branch or over the phone or via the internet. |
| Fixed Rate Terms |
Available for 1, 2, 3 or 5 year periods. |
| Term |
Choose from 8 to 30 years when you apply. |
| Flexible Options |
At the end of the fixed rate period, your loan automatically transfers to the standard variable rate or you can reapply to refix the interest rate. |
| No Deposit Option |
With our No Deposit Option we may lend up to 100% of the purchase price or valuation, whichever is the lesser (less financed Lenders Mortgage Insurance) with our No Deposit Option3. You will need to cover all bank, legal and government fees and charges associated with the purchase of the property. |
| Suncorp Deposit KickStart |
This option enables you to use the equity in the home of a family member or friend towards the purchase of your new owner occupied home. Suncorp may lend you up to 110%4 of the purchase price or valuation of your new owner occupied home (whichever is the lesser). |
| Purpose |
Use the Fixed Rate Home Loan for personal and investment purposes. |
| Interest Only |
Choose interest only repayment periods. Repayments can be made monthly in arrears. Available for investors and personal purposes. |
| Statements |
Statements are issued every 6 months or more often if you request this. |
| Fees |
|
| Loan Establishment fee |
$600 |
| Mortgage Insurance (for loans over 80% loan to value ratio) |
If applicable |
| Account-keeping Fee |
$10 a month (except for interest annually in advance home loans) |
For a complete guide to the fees and charges on our loans, please download
the Lending
Fees and Charges brochure (PDF, 228kb) or obtain a copy from a
Suncorp
branch near you.
Important Information
- Only available for new lending.
- An Early Payment Interest Adjustment Fee applies if more than the prepayment allowance (currently $500 per calender month) 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 4 years.
- 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.
