Suncorp has recently increased the discount on selected variable rate home loans for new customers by ten basis points.
The interest rate on the Back To Basics principal and interest mortgage fell from 3.79% to 3.69% for owner occupiers, and from 4.09% to 3.99% for investors.
The interest-only rate for investors was also cut, from 4.49% to 4.39%.
| Mortgage | Old rate | New rate | Change | Comparison Rate |
|---|---|---|---|---|
| Suncorp Back to Basics Personal/Owner Occupied Principal & Interest (LVR ≤90%) | 3.79% | 3.69% | -0.10% | 3.70% |
| Suncorp Back to Basics Personal/Owner Occupied Principal & Interest (LVR > 90% – ≤95%) | 4.09% | 3.99% | -0.10% | 4.00% |
| Suncorp Back to Basics Investment Principal & Interest (LVR ≤90%) | 4.09% | 3.99% | -0.10% | 4.00% |
| Suncorp Back to Basics Investment Interest Only (LVR ≤90%) | 4.49% | 4.39% | -0.10% | 4.15% |
Suncorp joins Bendigo Bank and Credit Union SA in cutting selected variable interest rates this month, while several other lenders have raised their own rates.
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