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Green Upgrades Home Loan Offer

An equity home loan offer you can feel good about.

Suncorp Green Upgrades Home Loan Offer

An equity home loan offer you can feel good about.


It could be a great time to invest in your home’s long-term sustainability. 

Thinking about making green home upgrades like installing solar, batteries or upgrading windows and insulation?

Eligible Suncorp Bank home loan customers could finance eligible eco-friendly home improvements with a special reduced variable rate equity home loan offer. 

Variable Rate

^^

$0

establishment fee

$0

account keeping fee


^^ Discounted Back to Basics Variable Interest Rate with Green Upgrades Equity Home Loan Offer. Owner Occupied or Investment. New to bank lending ≥ $10k-25k. Maximum LVR 80%. Principal and Interest Repayment. View complete eligibility requirements, terms and conditions.



Ready to get started?

It could be a great time to invest in your home’s long-term sustainability. 


Thinking about making green home upgrades like installing solar batteries or upgrading windows and insulation?

Eligible Suncorp Bank home loan customers could finance eligible eco-friendly home improvements with a special reduced variable rate equity home loan offer. 

Variable Rate

^^

$0

establishment fee

$0

account keeping fee

^^ Discounted Back to Basics Variable Interest Rate with Green Upgrades Equity Home Loan Offer. Owner Occupied or Investment. New to bank lending ≥ $10k-25k. Maximum LVR 80%. Principal and Interest Repayment. 
View complete eligibility requirements, terms and conditions.

Ready to get started?

  • This offer is available to eligible current or new Suncorp Bank home loan customers (owner occupiers or investors) whose home loans must be at least $150k, LVR ≤ 80%. This offer is available until 31 January 2023 (unless withdrawn earlier).
  • The maximum you can borrow with this offer is $25k, the minimum is $10k, with principal and interest repayments.
  • When applying, we’ll ask you to provide written quotes from approved suppliers and installers for the green home upgrades you’ll be adding to your home.

For full details, check out the Offer T&Cs.

Don’t miss out on the Green Upgrades Equity Home Loan Offer!


Frequently asked questions
 

1. In addition to the terms and conditions above, the Green Upgrades Equity Home Loan Offer (Offer) is an equity loan available for loan amounts between $10,000 - $25,000 at a current variable Back to Basics interest rate of 2.39% p.a. (comparison rate 2.39% p.a.##) (which is subject to change) to assist eligible Suncorp Bank Home Loan customers with installing or upgrading Acceptable Green Upgrades to their homes where Suncorp Bank currently holds security (Property).

2. The Offer is available between 30 June 2022 until 31 January 2023 when you are approved for, or already have an existing Suncorp Bank home loan which must also meet the following criteria:

a. you either have an existing or new Suncorp Bank home loan of at least $150,000.

b. the Loan to Value Ratio, including Lenders Mortgage Insurance where applicable, is less than or equal to 80%; and

c. written quotes are provided at the time of your application for the Offer, evidencing the Acceptable Green Upgrades to be installed on the Property.

3. Excludes pre-approvals, or refinances of an existing Suncorp Bank home loan, homes under construction at the time of the loan application, Suncorp Bank add loans and non-individual borrowers (such as loans in company names).

4. To apply for this Offer, you must:

a. contact a Suncorp Bank Lender or your Broker to determine your eligibility for the Offer; and

b. obtain and provide us with written quotes from an approved or licensed supplier for the Acceptable Green Upgrades. If we approve your application for the Offer, you must complete and sign the loan document and return to us for processing. Once we have received your completed loan documents and the loan is approved, the equity loan amount will be deposited into your nominated bank account for you to pay for the Acceptable Green Upgrades.

5. Acceptable Green Upgrades are listed under "What are green upgrades?"

6. Suncorp Bank reserves the right to vary the Terms and Conditions of the Offer and withdraw this Offer from market at any time. Applications are subject to credit approval. Fees and charges may be applicable. Full terms and conditions of your loan will be included in our loan offer. This Offer may be applied in conjunction with other offers Suncorp Bank may run from time to time. Depending on your financial circumstances, you should obtain independent advice before making any decisions regarding any offers made by Suncorp Bank.

^^ Discounted rate is only available for new Personal/Owner Occupied or Investment loans taken out as part of the Suncorp Bank Green Upgrades Equity Home Loan Offer. Existing lending ≥$150,000 and new equity lending between $10,000-$25,000 and borrowings ≤80% of the security property value (LVR) inclusive of lenders mortgage insurance (if applicable), with Principal and Interest repayments. The discounted rate (currently 2.39% p.a)  is calculated by subtracting a discount of 2.76% from the Standard Back to Basics Variable Rate (currently 5.15% p.a.) for Owner Occupied Loans, or by subtracting a discount of 3.18% from the Standard Back to Basics Variable Rate (currently 5.57% p.a.) for Investment Loans. Rates and discounts are subject to change and may be varied if the loan purpose or repayment type is changed. Pre-approvals excluded. The discounted rate is available on eligible loans applied for from 30 June 2022 until 31 January 2023 unless withdrawn earlier.

##Comparison Rate Warning
The comparison rate is based on $150,000 and over 25 years. WARNING: This comparison rate applies only to the example 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.

Banking products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 (“Suncorp Bank”) to approved applicants only. Please read the relevant Product Information Document, Lending Fees and Charges and Terms and Conditions before making a decision regarding any Suncorp Bank products. Fees, charges, terms and conditions apply and are available on request or on our Product Information Documents and Forms page.

Comparison Rate

A comparison rate is a rate that indicates the true cost of a loan. This rate incorporates certain fees and charges that are applicable for the chosen product. For more information about the comparison rate and the comparison rate warning, please refer to the things you should know section of this page.