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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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$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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AssociatedLNick - HomeLoansHub @ Home Loans Hub on 01/05/2024 - 17:44 suncorpbank.com.au (154 clicks)
Last edited 01/05/2024 - 18:54 by 1 other user

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

Financial Home Loan Investment Loan Loan Refinance

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closed Comments

  • maverick1 on 01/05/2024 - 17:51

    wow!!!

  • recession1 on 01/05/2024 - 17:54
    +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.

      • recession1 on 01/05/2024 - 17:59
        +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?

        • AssociatedNick - HomeLoansHub @ Home Loans Hub on 01/05/2024 - 18:04
          -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.

          • recession1 on 01/05/2024 - 19:45
            +2

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

            • tunzafun001 on 01/05/2024 - 23:57
              +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!

  • PCHammond on 01/05/2024 - 17:58
    +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.

    • AssociatedNick - HomeLoansHub @ Home Loans Hub on 01/05/2024 - 18:10
      -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!

  • Repstar on 01/05/2024 - 18:16
    +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.

  • Daisycogs on 01/05/2024 - 18:33
    +3

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

  • cbrhunter on 01/05/2024 - 18:37
    +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.

    • selphie on 01/05/2024 - 19:30
      +1

      which bank and loan amount?

    • Bargain-er on 01/05/2024 - 20:53
      +1

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

    • cbrhunter on 01/05/2024 - 21:39

      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.

      • tunzafun001 on 01/05/2024 - 23:53
        +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

  • Jessie Ryder on 01/05/2024 - 18:52
    +1

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

    Stop advertising, offer a bargain.

    • tunzafun001 on 02/05/2024 - 00:03

      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).

  • George Washington on 01/05/2024 - 18:52

    Ive seen better deals

  • GuyfromMelbourne on 01/05/2024 - 18:57

    Better rates easily available from so many banks.

  • onetwothreefour on 01/05/2024 - 19:26
    +1

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

  • douevenozbargain on 01/05/2024 - 19:37

    Hahahaha

  • [Deactivated] on 01/05/2024 - 21:46
    +1

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

  • alfawex on 01/05/2024 - 22:16
    +1

    No deal. 30 years!!!

  • WatchNerd on 01/05/2024 - 23:13
    +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.

  • jemusah on 02/05/2024 - 12:27
    +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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