Lender announces discounted home loan rates

The bank’s ‘Better Together’ specials will offer customers discounted variable rates starting from 3.71 per cent per annum on new owner-occupied ‘Back to Basics’ home loans of at least $150,000 (maximum LVR of 90 per cent) and 3.98 per cent per annum on equivalent new investment loans.

“We have waived the upfront loan establishment fee and there are no ongoing account keeping fees on the new Back to Basics home loan and transaction account,” head of Suncorp Bank Intermediaries Steve Degetto explained.

Mr Degetto said that the bank will also be offering customers new Standard Variable discounts its ‘Home Package Plus’, with two- and three-year fixed rates (starting from 3.64 per cent per annum for owner-occupiers and 3.89 per cent per annum for investors).

“This offers greater choice for new customers and will support them in making their next property move,” Mr Degetto elaborated.