Suncorp Package Loan - Loans >= $500k - Variable Rate of 4.74% Pa - No Package Fees

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Suncorp

• 

  Slo20 on 03/01/2015 - 18:15

  +1

  Direct link is http://www.suncorpbank.com.au/home-loans/genuine-offer
  It's 4.79% for under $500k but I'd say you'd be able to negotiate to the 4.74%.

  • 

    naira on 03/01/2015 - 18:19

    +1

    Thanks, I have updated the link.

• 

  SBOB on 03/01/2015 - 18:45

  +1

  if you dont require the 'offset' feature (e.g. its not an investment loan or you dont intend on turning your property into and investment) then
  - Ubank - 4.54% (or 4.46 if >650K)
  - Heritage - 4.44%

  the rest of the 'bonus' features are pretty irrelevant

  • 

    Slo20 on 03/01/2015 - 18:52

    +1

    Or check out loans.com.au as they 4.48% with offset and no annual fees. Compared to Suncorp you miss out on credit card and there are some fees if u fix your loan. Although I can't vouch for loans.com.au as I am in the process of switching to Suncorp.

    • 

      claymen on 03/01/2015 - 19:14

      I'm with loans.com.au and it's been fine. It was nice to actually have a real valuation done instead of the typical big bank "arm chair" valuations. I did my research and the majority of complaints about loans.com.au were more to do with the customer than anything else.

      I will say that they were a bit slower than other banks to get things done but it got there, so if you are in a rush you might be better elsewhere, took all up about 3-4 weeks to get everything sorted and transfer my loan across.

      • 

        driveahardbargain on 04/01/2015 - 13:20

        Yep, loans.com.au is the way to go

  • 

    jollster101 on 04/01/2015 - 09:39

    Excuse my ignorance but what is the benefit of having the offset against an investment loan? I have an offset against my home loan which is IO but not against my investment property which is also IO.

    • 

      pikachooo on 04/01/2015 - 23:28

      If you re-draw from the loan for a non-investment it'll be non tax deductible and messy from an accounting perspective. Offset doesn't matter.

• 

  Sabric on 03/01/2015 - 19:12

  I am not sure other's experience with Suncorp but No Way for me!!!
  I had a LOC loan package that was free of any other fee but $25 monthly fee.
  I made them to correct three times but sick of asking the correction for various fees…
  I tried a new loan recently, they just messed everything up with my application.
  I tired to close LOC (mortgage for existed paid house) they troubled again more with various delays that also cost me.
  Last but not least, after closing account they wanted to charge me more loan package fee that not even existed.
  Well, all banks maybe same but suncorp is not the preferred one.

• 

  fatlikeyamum on 03/01/2015 - 20:09

  Im not sure if this suncorp loan is for 80% or lower LVR, so I dont want to neg this deal as Im not an expert but -

  CUA
  4.65%, full offset, no annual fees

  I just refinanced with $245000 loan

  But you need 80%LVR

  • 

    Slo20 on 03/01/2015 - 20:13

    U also need 80% LVR for suncorp. Any less and the discount is reduced.

    • 

      fatlikeyamum on 03/01/2015 - 20:15

      Ok yes I just read it. In my limited ozbargain experience then this is not a bargain with CUAs current rate.

  • 

    musicbiz on 03/01/2015 - 21:47

    That CUA deal is killer. You might have just saved me thousands. Thanks fatlikeyamum :)

    • 

      fatlikeyamum on 04/01/2015 - 06:52

      I can forward you on my details for my finders fee :P