To compare other home loans, please click here. Application Fee. Suncorp currently offers one personal loan product, its Fixed Unsecured Personal Loan. She said ok sarcastically . I found the whole process of applying for a loan with Athena Home Loans very straight forward and easy to use. The Suncorp Home Package Plus Fixed Home Loan combines a low fixed rate and reduced fees. They happily review interest rates and do their best to provide new lower rates. Step 1. Great bank. Term. Read More: 13 Mistakes nearly all first home buyers make. No responses through email. In other words, if you are buying a home worth $500,000 Suncorp Bank will let you borrow up to $550,000 compared to other banks who would only allow a maximum of $500,000 to $525,000. Lenders Mortgage Insurance is much cheaper with Suncorp compared to other lenders in the market. Document preparation. Mortgage Broker Brisbane - Hunter Galloway, We’ll teach you how to negotiate and walk you through how to buy at auction (or make an offer pre-auction and steal the property out from under everyone else’s noses), We will give you the tools that will help find the best deal for a home that fits your budget, We will give you a home buying plan, and the steps to help you secure a loan for your home, Discover your individual borrowing capacity. This is Suncorp Banks’ professional package and is only available on new home loans and subject to Suncorp’s credit criteria. * From 23rd November 2020 – 5th April 2021, Pepper Essential home loan variable interest rates range from 2.35-4.39%p.a. I had some financial difficulties during the Covid period. What I liked most is the Athena business model, as it doesn't gouge its customers with fees, offers a great rate, and is linked to the same rate as offered to new customers. "@type": "Organization", Suncorp also has a good branch presence in Queensland, but significantly fewer locations interstate. What personal loans does Suncorp offer? Before getting started, you might first like to take a look at our applying for a home loan checklist for some pointers, and use the Canstar website to compare home loans with other providers before choosing a product that suits your needs.. Looking to finance a new home? Suncorp are extremely responsive and easy to deal with. I explained that i have already moved my 5 insurances, my auxiliary banking, and went elsewhere for my my credit card, home and bushiness vehicle loans due to terrible face to face service at this branch before. Suncorp Home Loan Rates It is recommended for financing major one-off expenses, including home renovations or repairs, medical bills, repayment of credit card debt, or funding college tuition. Day. Suncorps 24/7 emergency number works overseas. We have a team of home loan experts. From time to time Suncorp offers special interest rates to mortgage brokers, they are based on different criteria including the loan to value ratio and type of property with lower rates if you are buying or refinancing a home that you live in (often referred to as owner-occupied). Home Loans: from: 3.59%: Aug, 2019: Credit Cards: ... Write a Suncorp Bank Review It only takes less than a minute! Suncorp’s credit criteria are subject to change at any time, and all lending is up to credit verification and satisfactory approval but as an indication, we have run the following scenario through their borrowing calculator: We run the figures through our serviceability calculator and got the following results: The amount Suncorp will lend you (often referred to as your borrowing capacity) is a bit lower than most banks, as at 14 January 2019 but as you see below, there are some advantages to Suncorp including cheaper lenders mortgage insurance costs. We don't make subjective judgments, nor do advertisers influence our ratings. Suncorp’s basic home loan is just that, a product that is cheap and cheerful but has fewer features and fewer fees than the Home Package Plus product. Hunter Galloway Finance Pty Ltd T/A Mortgage Broker Brisbane - Hunter Galloway ABN 20 605 252 926. Credit Representative 476903 is authorised under Australian Credit Licence 389328. Be respectful, Suncorp Home Loan In Pueblo keep it civil and stay on topic. my 1st home loan was with Suncorp (2007), Delays occur because brokers/branch do not submit a complete application or the bank has missed something along the way. Whether it’s feeling a little cramped, you need that extra bedroom because another baby is on the way, or you’re simply ready to take the next step up on the property ladder, it could be time for an upgrade. Based on 912 reviews as rated by the Mozo community. "@type": "Review", John Fulford. They were wonderful and I could not have asked for better assistance. Fast loan up to $80,000 Reliable loan with interest from the 9.49 % Money in your account within 24 hours Payment term 1 - 7 years Bad credit car loans Suncorp - Car Loan review Your independent loan … The bank has headquarters in Brisbane with branches throughout the country. We'll ask questions about your income, assets, debts and expenses. Head Office: 3 Latrobe Tce, Paddington, QLD 4064, CBD Office: Level 20, 300 Queen Street Brisbane, QLD 4000, Guarantor Home Loans in Queensland [How to borrow over 110%]. Review their top features & discounts. Suncorp’s Home Package Plus Home loan has a Special interest rate of 3.99% on loans over $150,000. "headline" : "Suncorp Home Loan Review", Suncorp home loan interest rates. If they can do a better offer, then they should offer it before you have to ask for it. Suncorp Bank was founded in 1902 as the Queensland Agricultural Bank. Best bank i have ever dealt with, i'm on my 2nd homeloan with them. Find reviews by customers of Suncorp car loan here. Suncorp MyStyle Life Insurance, health and small business commercial loan bank account customers are excluded from rewards, unless they hold another eligible product. We delete comments that violate our policy, which we encourage you to read.Discussion threads can be closed at any time at our discretion. Time to pass the savings. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years. Luckily, you don’t have to do it alone. It is now the fifth largest bank in Australia. Suncorp Bank home loans are available through brokers who can help find the right loan and manage your application at no charge. Definition. I like our bank. mozo.com.au © Copyright 2008-2021 Mozo Pty Ltd. All Rights Reserved. This is where we come in. Almost every time I have called they have offered to do a loan health check and I come away with a reduced interest rate. Standout Feature: Complete the entire process quickly. Our goal at Mozo is to help you make smart financial decisions and our award-winning comparison tools and services are provided free of charge. The results above show Suncorp is at the lower end of borrowing capacity when compared to the list of other lenders and is around $30,000 lower than the top with a maximum borrowing capacity of up to $318,100. Compare and review Suncorp Bank home loans. Deciding whether Suncorp is the bank for you may seem tricky. I called about our interest rates and they were lowered considerably. You can download their application form here. The home package plus loan combines the standard variable rate, fixed-rate, or access equity loan with a transactional account and additional Suncorp products under one package. As a marketplace business, we do earn money from advertising and this page features products with Go To Site links where the provider pays us a fee if you go to their site from ours, or you take out a product with them. }, An example of the Deposit Kickstart (aka Suncorp’s Guarantor Home Loan). Read More: Guarantor Home Loans in Queensland [How to borrow over 110%]. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Owner Occupier, Principal & Interest, <80% LVR. Banking and insurance products are issued by different Suncorp Group entities which are not responsible or liable for products and services by other Suncorp Group entities. "reviewRating": { (Comparison rates range from 3.77-6.31%p.a. I’m writing this while on hold again. You can easily change the sort order of the products displayed on the page. Upon choosing this package, you’ll receive fewer fees and a discount on the other Suncorp products you select. We will then get in touch within 4 business hours, We’re looking forward to meeting you and help you find the right loan for your needs, We will get back to you within 4 business hours, We will get in contact with you within 4 business hours, Please select from the listI want to know my borrowing powerI’m looking for pre-approval optionsI’ve signed a contract of saleI want to refinance a loanOther. The Suncorp Access Equity Line of Credit works similar to a credit card after the bank has approved the loan you can withdraw the funds from your line of credit (LOC) where needed and pay it back when you want. Mozo is paid by product issuers for clicks on, or applications for, products with Go To Site links. They have offered competitive rates and periodically check in with their customers. I have learned a lot about banking and loan services with suncorp which benefits me with my own home loan. Suncorp’s main home loan products include: Back to Basics home loan: A basic Suncorp home loan with no ongoing account keeping fees and a competitive interest rate. Too many reviews of other home loans reported interest rate creep during the loan made me question other lenders. Loans.com.au offers a few different options for borrowers. Suncorp Bank has 1 car loan product: Suncorp Bank Secured Fixed Car loan; View the above table for detailed product information and a comparison of the interest rates, fees and features. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews. It's as easy as 1,2,3. }, 13 Mistakes nearly all first home buyers make, Making an offer on a House Below Asking Price [2021 update], Ethical Banks in Australia [The Ultimate Guide], Home loans for Lawyers: The Complete Guide, Suncorp - Fixed Rate Home Loan 3yr - 3 Year Fixed Rate, Suncorp - Fixed Rate Home Loan 2yr - 2 Year Fixed Rate, Suncorp - Back to Basics Home Loan - Variable Rate, Suncorp - Fixed Rate Home Loan 1yr - 1 Year Fixed Rate, Suncorp - Fixed Rate Home Loan 5yr - 5 Year Fixed Rate, Suncorp - Standard Variable Rate Home Loan - Variable Rate, ☑️ Signed Application Form, Privacy Act form completed by all borrowers, ☑️ Identification documents: Current Medicare + Drivers license, or Australian passport, ☑️ 2 Most Recent Computer Generated Payslips. The Suncorp Standard Variable Rate Home Loan offers a 100% offset account, the ability to make additional repayments on your loan and a redraw facility. ... Read the full Quicken Loans review. Under the Home Package Plus Suncorp offer the feature of multiple offset accounts, allowing you to have more than one offset account against a single home loan. You can easily save money using a basic home loan product like the Back to Basics Variable if you don’t need any of the other features under the Home Package Plus like an offset account and discounts on credit cards. Fees and Charges. Discover the various home loan options available from Suncorp Bank; Variable rate, Fixed-rate and Line of Credit. Example of a typical guarantor home loan structure. John Fulford. Types of Home Loans Variable rate home loans. Suncorp's digital transformation saw it splash out AU$10m on tech during 1H21. Suncorp offers clear, straightforward lending products with decent interest rates. We have never had an issue with Suncorp over the past 7 years with the loans we have with them. In our experience, Suncorp has been very good to deal with and have helped many of our customers get a great outcome. ... ("Suncorp Bank"). Misled, rude and very poor customer service . Homestar Finance Home Loans Review. Schedule a call today with a Home Loan Expert from Hunter Galloway, the home of home buyers. "datePublished" : "2019-01-14", https://bfg.org.au/ethical-banking/suncorp-mortgage-rates-review Spent hours on the phone to get no where. They offer great home loan and investment loan products. Mozo gives you the inside story on the best banking, energy and insurance products as rated by thousands of real customers around Australia. Refinancing your home loan can be a great way to reduce your repayments, pay off your home loan faster, or even leverage your equity to get some cash out for home repairs or renovations. "@type": "Product", Ready to take the next step toward buying? Your approval limit is set by the total equity in your property, which is the difference between what your property is worth and the amount of lending you have against it. However they have updated their internet banking options and a lot can be completed over the phone. As you can see in this situation, in example 2 you could offset $20,500 against your home loan! Document preparation. Here at Hunter Galloway we’ve helped hundreds of first home buyers take that first step into owning property. Different amounts and terms will result in different comparison rates. We are not happy with the interest rate and they keep mixing up our accounts. I saw this deal while i was walking in Parramatta Westfield. Read More: Try and calculate your LMI Costs using our LMI Calculator. Have you outgrown your current home? I like our bank. The team are very friendly and really know their product. They aren't that competitive and they have mixed up our accounts a lot. This is quite unique, most banks will only allow one offset account against one home loan. Suncorp closed my local branch and now I have to contend with long waits and wrong information. Get a free assessment using the link below and our experienced team of brokers will arrange a time to speak with you about the best options for refinancing your home loan. Lenders Mortgage Insurance is much cheaper with Suncorp when compared to other lenders as at 14 January 2019 for a $315,000 loan on a $350,000 purchase. What this means is if you have more than one transaction account, you can link them all to your home loan account and save LOTS of interest. These figures are indicative and would be subject to meeting credit criteria, valuation and satisfactory verification of all supporting documentation. Using a different interest rate, term, fee or increased loan amount will result in a completely different comparison rate. Suncorp Bank home loans are available through brokers who can help find the right loan and manage your application at no charge. They can be extremely competitive depending on the time of the year and recently have had some market leading offers available. Mozo may receive a payment from financial providers listed on the site. This is, of course, subject to their credit criteria, and that your guarantor’s property has enough equity in it and is restricted to a maximum of 30% of their total property value. Homestar Finance is a 100% online non-bank lender that provides competitive interest rates for home loans. Previously I would call the local branch manager and she would always get me a better deal. The table below displays a snapshot of the lowest rate 5-Star rated variable home loan products on Canstar… They include: Smart booster home loans which are their introductory honeymoon rate product for loans up to 80% of the property value. They also own AAMI, GIO, Bingle, Terri Scheer and Vero Insurance to name a few. Let's get started! Annual Fee. There’s more to it than you think 60% Market average loan approval rate. Suncorp offers better interest rate discounts for larger loans, with higher deposits under their package. Suncorp Bank and it's pros for me are they always provide. Reviewers may receive a voucher from Mozo in exchange for their review. This could mean your payments increase when interest rates are high, but also decrease when they’re low. We'd expect it to earn less than 10% over time compared to around 12% for Westpac. 3 Reviews. worl day at suncorp is predictable, it has its own routine. "publisher": { Finally thought, it's been 4 … LMI (Owner Occupier, P&I) The top 5 things Suncorp aren’t so good at: Suncorp Bank has a wide range of home loan products and the 5 most popular include: The Suncorp Home Package Plus is similar to most other banks professional package loans, where you receive a discounted interest rate and other backing products like offset accounts and credit cards under one annual fee. Find out how you can refinance with us to make a social impact. ), Pepper Easy home loan variable interest rates range from 3.49-6.04%p.a. We’re happy to help. As we covered above, Suncorp’s customer satisfaction ratings are ok at 78% compared to some other major banks who rank in the low 70s. WARNING: This comparison rate applies only to the example or examples given. Home Loan Pre-approval Application. But how do their home loans compare to other banks? Suncorp is a second-tier bank at best. Suncorp Bank usually requires at least a 95% deposit on the value of the property. $600. The Suncorp customer service has really gone bad in the last year. Been thrown around with multiple bankers and departments. Interest rates as at 14th January 2019, based on owner-occupied purposes, principal and interest repayments and subject to change without any further notice. Note interest rates valid as at 14 January 2019 and subject to change without any further notification. There is little growth now for banks, and Suncorp grew its loan book by … The Back to Basics product is the same rate regardless of the loan amount. The road to recovery even longer for regional communities . 1 Year Discounted Variable Rate, Owner Occupier, Principal & Interest, <80% LVR, Fixed, Owner Occupier, Principal & Interest, LVR 70-80%, <60% LVR, Owner Occupier, Principal & Interest. Like lots of other lenders, Suncorp offers a guarantor home loan which they call the Deposit Kickstart. $350. Home Loan Turn Around Times . Your anonymous review will help others learn about this provider. The information published on Mozo is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. "author": { Went in to do some banking with my home loan and was told the process would take 3-4 weeks, it has been 4 months now and still waiting for it all to be finalised. You'll find out if you're eligible. Suncorp Back to Basics Home Loan - (Investor, P&I) Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR ≤ 90% Incl. Suncorp Bank will reduce variable interest rates by 0.25% per annum for home loan customers following the Reserve Bank of Australia’s cash rate decision today. Return on equity for 2019 was a decent 11.4%, but earnings were supported by unsustainably low loan losses. From Friday, Suncorp will be decreasing all variable home loan interest rates by 19 basis points. So i just left. Buying a House or Apartment for the First Time? Suncorp has five core businesses include personal insurance, commercial insurance, Vero New Zealand, Suncorp Bank and Suncorp Life. In other words, if the same person applied with Suncorp versus the lender at the top, the maximum amount Suncorp would lend that person is $318,100 – compared to the bank at the top who would lend up to $348,150. Your application for pre-approval will be submitted to a lending specialist who will review it and be in touch within 24 hours (or the next ... Pre-approval is 100% fee free and once approved you are under no obligation to lend with Suncorp. "name": "Mortgage Broker Brisbane Hunter Galloway" 'Mozo sort order' refers to the initial sort order and is not intended in any way to imply that particular products are better than others. "@context": "http://schema.org/", Read More; Hide; Home; News & Features; News & Features. Term. Note this review, interest rates and product information are correct as at 3rd July 2019 and all of this information is subject to change without any further notification. Home Loan Turn Around Times . Choose a variant. Although our reviews may be moderated to improve quality standards, they are moderated independently of any of Mozo’s commercial relationships. Bank of QLD’s application checklist is fairly standard compared to most banks (with a few small exceptions which I’ve underlined below) and assuming you are a salaried employee and you are purchasing your first home they would ask for: As we have mentioned, Suncorp needs to see the last 3 months statements across credit cards, transactions accounts and other liabilities while most other banks only require the most recent month’s statements. Overall each Bank, and Credit Union has its own advantages and disadvantages which will come down to your personal situation. The IPVanish vs Windscribe match is not exactly the most balanced Suncorp Home Loan In Pueblo fight you’ll ever see. Day. 5.0. The annual package fee of $385 is slightly cheaper than other larger banks (who generally charge between $395 to $399) and includes benefits like: Suncorp sometimes has limited specials, like this promotion where they are waiving the annual package fee for First Home Owners. Any applications for credit are subject to meeting the specific bank’s criteria and the decision is at their final discretion. These are supported by corporate and shared services divisions. Enquires on a 5 & 7yr loan term, applied for what I was led to believe was a 7yr loan term until the contracts were sent through as a 5yr. They often have sharp deals for first home buyers, and sometimes even have special rebates if you are looking to refinance your home loan. "url": "https://www.huntergalloway.com.au/suncorp-home-loan-review/" Misled, rude and very poor customer service . They have a Business Banking department which specialises in loans over $1 million and lending to specialised industries. You can also review and compare Suncorp Bank personal loans, Suncorp Bank home loan and Suncorp Bank credit cards. I’m looking forward to changing banks. We are proud of the tools and information we provide and unlike some other comparison sites, we also include the option to search all the products in our database, regardless of whether we have a commercial relationship with the providers of those products or not. Suncorp, which has a massive insurance operation and a smaller bank, outlined plans last week at half-year results to boost a home-loan book that … While Mozo attempts to make a wide range of products and providers available via its site it may not cover all the options available to you. HSBC. 189 reviews from Suncorp Group employees about Suncorp Group culture, salaries, benefits, work-life balance, management, job security, and more. Enquires on a 5 & 7yr loan term, applied for what I was led to believe was a 7yr loan term until the contracts were sent through as a 5yr. Our mortgage brokers can help with arranging larger than standard discounts, call us on 1300 088 065 or get in touch to have a chat. They happily review interest rates and do their best to provide new lower rates. If you would like to know more info, call us on 1300 088 065 or get in touch. The Suncorp home loan calculator should give you an idea of your borrowing capacity. Overall rating 7 / 10 . $0. Weekly, Fortnightly, Monthly. This, to me, should happen automatically. Making changes to your home loan can be an arduous process on your own, especially if you’ve never done it before. Always friendly, products are clear and they proactively reduce our rates and check in on us! Fee Cycle. Never have to wait overly long to speak to anyone, always meet with helpful friendly staff. Find out how its home loans compare. Suncorp Home Loan Products. - Loan variation simplification - form simplifications (6 to 1) and reduced turnaround times ... • Review and evaluate Retail F&I Channel to identify strategic gaps and opportunities for ... EGM Home Lending at Suncorp Group Greater Brisbane Area. 598 Suncorp Group reviews. Your full financial situation would need to be reviewed prior to acceptance of any offer or product. The variable home loan rate under Suncorp’s package is called the Standard Variable Home Loan, you can download their brochure here. We assist thousands of Australians each month choose a banking, energy or insurance provider. It is now the fifth largest bank in Australia. Suncorp Bank and it's pros for me are they always provide. Compare all 538 home loans in the Mozo comparison engine. I even took the initiative to call the local branch TWICE and they promised to call me back which they didn't. The review has been received and will be be viewed for approval by a moderator. They have been good to us, however they have closed all their branches except one that is over an hour away from us so it is hard to complete things if required to go in to the branch. "award": "4 Star Award", Discharge Fee. We’d love to help you do the same. A Guarantor Home Loan allows you to use a parent, or close relatives property to secure the deposit portion of your loan, meaning you don’t pay lenders mortgage insurance. Review the fees and features of Suncorp's home loan products. Annually. Documents sent by mail to wrong address even though I told them it was urgent and I could come into the branch straight away or sign and email. hbspt.cta.load(4607234, '2e2927a1-951b-4dc9-9b30-6a6f6c336d81', {}); Three big things happening in Brisbane | Property market in 2021? One point of difference Suncorp has from other banks like BOQ or Gateway Bank is its network of insurance brands which you might have heard of. Standard Variable home loan: A variable home loan with 100% offset account and redraw facility. I have realised that my stamp duty exemption may not have been applied despite requesting for a first home owner's grant with Suncorp. I said i was going to comment online. Even with the call back, I was on hold for a further 30 mins with no one attending to me and giving up. Suncorp Bank CEO Lee Hatton said: “We recognise the unique set of circumstances facing our customers, communities and … there is an annual fee of around 375 AUD … 'Sponsored', 'Hot deal' and 'Featured Product' labels denote products where the provider has paid to advertise more prominently. News. Deal: Suncorp Home Loan at 2.99% for 3 Years with Fixed Interest Rate + $2000 Cash Back @ Suncorp, Store: Suncorp, Category: Financial My first post on ozbargain. ... Rates and product information should be confirmed with the relevant financial institution, and you should review the PDS before you decide to purchase. Mozo recommends that you read the relevant PDS or offer documentation before taking up any financial product offer. Step 2. { They are accurate as at 14 January 2019 and subject to change without any further notification. Iden Group The reality is Suncorp will suit different people depending on what specials are available, and your individual situation. Staff have given me the wrong information that has cost me money. News 2 March 2021. Note this review, interest rates and product information are correct as at 14th January 2019 and all of this information is subject to change without any further notification. Home Loan Pre-approval Application. If you decide to apply for a product you will be dealing directly with that provider and not with Mozo. For example, if your home is worth $500,000 and you have a home loan of $400,000 against it, your home equity is $100,000. They are a practical lending option for both small and mid-sized businesses, with standard commercial loans up to $1 million and a business banking department to handle bigger loans. Today I review Suncorp’s Home Loans and put them through their paces. https://bfg.org.au/ethical-banking/suncorp-home-loan-refinance Today I review ING Direct Home Loans products and put them through their paces. Get a free assessment using the link below and our experienced team of brokers will arrange a time to speak with you about your needs and make sure you can buy your dream home without all of the stress. Suncorp Bank Fixed Home Loan – 3 Years; Suncorp Bank Fixed Home Loan – 2 Years; Suncorp Bank Fixed Home Loan – 1 Year; View the above table for detailed product information and a comparison of the interest rates, fees and features. Suncorp regularly offers non-advertised rates directly to Mortgage Brokers that they do not openly advertise. Talk to one of our mortgage brokers calling us on 1300 088 065 or complete our free assessment to find out more details and see if Suncorp Bank is a good fit for you. However, it seems since covid hit they no longer care about how their customers are treated. To compare other home loans, please click here. Long waiting times then the call centre puts you on hold again for another long wait. Visited the branch as well and they said they would need to contact the home loan department and contact me to which they haven't. When the assessing Lender refers the file for review or credit decision to a higher delegated authority ... of additional information provided post lodgement or conversion of a pre-approval to full approval. While they can help with business loans, they’re really after commercial property investors and that’s what they’re best at.. HSBC is the 5th largest bank in the world and is popular in Asia. Also consider home loans from the Big4 Aussie Banks, or Compare All Home Loan … Suncorp Commercial offers a simple process and good interest rates for small commercial loans up to $1 million. Let's get started! Suncorp Home Loan Review. I applied for an increase on top of my home loan, submitted all the docs required and heard nothing. (Comparison rates range from 2.55-4.58%p.a. Being a smaller bank Suncorp have quite good home loan specials and interest rates compared to the bigger lenders…But they can sometimes ask for more information and documentation than the other banks!