For what purposes can I borrow money as a Home Loan?
Approved applicants may borrow money for many purposes including:
- to buy a residential property that’s owner occupied
- to buy a residential investment property
- to construct a new residential property
- to refinance an existing mortgage on a residential property
- to refinance an existing mortgage on a residential property and consolidate other debts
Where applicants already have a property:
- for investment purposes (other than property) where you provide enough equity in property as security.
- to increase or top up a Suncorp Bank home loan to fund another purpose. Example: undertaking renovations.
Note: For any Suncorp Bank home loan, residential property must be offered as security. Lending and credit criteria apply.