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$375 Annual Fee Reimbursed on Home Package Plus Home Loan (Min Loan $150,000, Save up to $11,250 over 30 Years) @ Suncorp

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Want a packaged Home loan without the Fee?
We're delighted to announce that Suncorp are offering a 30 year annual package fee waiver/reimbursement for the life of the loan.
$375 annual package fee will be charged and reimbursed while package is active.
Savings based on 30-year loan term. ($375 * 30 = $11,250)
SAVINGS OF $11,250

*Establishment fee: $0
*Account keeping fee: $0
*Mortgage offset fee: $0

Eligibility Criteria:
NEW home loan packages.
Home Loan taken out as part of the Home Package Plus Special Offer >= $150,000 and borrowings

Manually calculated: Comparison rates when accounting for NO annual fee for the life of the loan.
Based on $150,000 over 25 year term incorporating fees and charges that are applicable for the chosen product
Owner Occupied P/I: 6.19% (CR 6.20%)
Investment P/I: 6.53% (CR 6.54%)

For a quick self assessment to see if you would qualify see below table (Note each persons household situation will vary so please only use the below as a general guide:

Block-quote Household income —-Borrowing capacity
$100,000.00 | —- $260k - $480k
$150,000.00 | —- $500k - $800k
$200,000.00 | —- $760k - $1.075Mil
$250,000.00 | —- $990k - $1.3Mil
$300,000.00 | —- $1.22Mil - $1.58Mil
$350,000.00 | —- $1.5Mil - $1.83Mil
$400,000.00 | —- $1.75Mil - $2.1Mil

Please feel free to email me at [email protected] or text/call me on 0439 603 423 and I would be happy to answer all finance related questions.
We have also recently negotiated lower than advertised rates.

Nick Milojevic
Senior Mortgage Broker
http://homeloanshub.com.au/

Credit Representative Number 557884 / Australian Credit Licence Number 384704

Related Stores

Suncorp
Suncorp
Home Loans Hub
Home Loans Hub
Third-Party

closed Comments

  • wow!!!

  • +14

    I am sick of this website being used as an advertising board for brokers. If this isn’t the lowest rate in the market it’s not a deal.

      • +6

        Come on, saving $375 a year is the equivalent of a 0.0375% reduction in interest rate on a million dollar loan. Where is the deal here?

        • -6

          Correct, and its 0.25% on a $150,000 loan where a client may want an offset facility or packaged home loan without having to pay for it.

          • +2

            @Nick - HomeLoansHub: Please tell me where your clients are finding these $150k homes.

            • +1

              @recession1: Sadly, my 3 bed has just gone under contract for $170k

              But you need your head read if you are paying any form of package fee. What a rort!

              Ie. CFC / Easystreet etc

              No fee whatsoever… Split loan and BOTH fixed and variable loans are 100% offset.

              Rate is better than this..

              And…call their number…and someone actually answers!

              So the value of this $375 waiver ..$0 or 0 %

              Should be default Suncorp…No Deal!

  • +3

    I'm with Suncorp, on the same/similar deal from ages ago. Investor loan. I'm getting 6.39% and I haven't hassled them for a while to lower my rate.

    You need to do better for Ozbargain.

    • -4

      That's a decent rate, unfortunately we cannot advertise concessional rates on Ozbargin - currently getting 6.25% for Investment (However each persons scenario is different).
      Will be noted for future post - ozbargainers are after cheap rates!

  • +1

    I have P&I owner, and IO invester with Suncorp, and both my rates are better then this. Sorry, but its not a deal.

  • +3

    Going to get eaten alive by the ozbargain flock. not a deal, bad rates, and that 'saving' is very misleading.
    Red flags.

  • +1

    I have an OO P&I at 5.74% and an Inv P&I at 5.99%. If it doesn’t start with a 5.xx, it isn't a deal imho.

    • +1

      which bank and loan amount?

    • +1

      Yeah, curious too. Which bank n loan amount? Thanks

    • I'm with First Option Bank. Irene does their home loans and she is awesome!

      Good grief - Exceptional rates and personal service. The big 4 certainly have a lot to learn.

      • +1

        The big 6+ turds these days!

        Blows my mind.. how they have a single loan on their books is beyond me.

        Rate/ product/ Customer service …all infinitely better with most credit unions.

        Anyone with a big turd loan…leave!

        No reason for a package fee.. ever..
        Plenty of better products out there with no package fee.

        A 'wealth package' is just Big Turd spin

  • +1

    I agree, these are not good rates.
    I've got better rates with CBA earlier this month.

    Stop advertising, offer a bargain.

    • Look at your CBA package. Their insurance, rate and credit card products suck. Called up and got the package fee refunded as they too agreed the wealth package was useless (tried to justify the offset facility..when I showed 3 banks with better rates, 10 x 100% offset accounts..no fee).

  • Ive seen better deals

  • Better rates easily available from so many banks.

  • +1

    Who has their mortgage with the same bank for 30 years?

  • Hahahaha

  • +1

    Why is the website so anonymous and generic? It doesn’t even list an ABN, let alone name a single broker.

  • +1

    No deal. 30 years!!!

  • +1

    Not really what OzB is meant for. Even if it was a bargain it takes 30 years and things can change a lot in that time.

    Say no to OzB becoming Ozfreeadvertising.

  • +2

    Irrespective of the rate, I think a broker should regularly be able to get the annual fee waived on home loans. My ANZ offset account doesnt charge the annual fee. Not sure what part of this is a deal.

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