Whether you need a fixed, variable or line of credit loan, the Suncorp Bank Home Package Plus Loan may be an option to consider. Its offers varying discounts on Suncorp’s standard rates, depending on how much deposit you have and how much you want to borrow. The rates are fairly competitive for a loan that is serviced by branches, mobile lenders and brokers. The loan allows to you pay interest-only, which lowers your monthly repayment.
Risk-averse borrowers can also fix the rate on their loan up to 5 years. Additional repayments can be made on variable rate loans; you can always redraw the money if you have a need for the money if you are ahead on your loan. Included in the Home Package Plus is also the Everyday Options account, which serves as an offset and can reduce the amount of interest you need to pay on your loan. You also get a Suncorp Bank Clear Options Credit Card for free, potentially saving you hundreds of dollars in annual fees and interest.
As a Home Package Plus Loan customer, you may also get discounts if you purchase your home and contents insurance through Suncorp Bank.
The Home Package Plus Loan may be suitable for borrowers which have at least a 10 per cent deposit. Whether you are purchasing a new property or refinancing, for investment or to live in, this loan may be suited for your purpose.
The Home Package Plus Loan may be worth considering if you are borrowing a large amount, and the cost saving in interest can offset the annual fees being charged. As a reputable lender in the market, you can count on good service in the branches, or rely on an extensive network of brokers and mobile lenders.
There are fixed rates, variable rates and line of credits offered with this loan. Rates will depend on your deposit, your loan amount, and your loan purpose.