Market leading 2 Year Fixed Rate 3.74% p.a.^

26 May 2016

Suncorp Bank yesterday announced the introduction of a market-leading 2 Year Fixed Rate loan of 3.74%^ p.a. for its Home Package Plus product to complement their competitive 3 Year offer.

The new 2 Year Fixed Rate offer, currently priced number one in the market, is available for new owner occupier lending of $150,000 or more with a maximum LVR of 90% in the Home Package Plus.

Suncorp Bank Head of Intermediaries, Steven Degetto, said the new rate was just one of the ways the Bank was delivering value to its broker partners and customers.

“The new offer is available as part of our award-winning Home Package Plus product which provides customers with flexibility and a wide range of benefits by combining their home loan with other banking products,” Mr Degetto said.

“Our highly competitive 2 and 3 Year Fixed Rates complement our current Standard Variable offers, making the Home Package Plus a genuine banking solution for brokers and their customers.”

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Media Contact: Emma Kissick 07 3135 2505

About Suncorp: Suncorp Group includes leading general insurance, banking, life insurance and superannuation brands in Australia and New Zealand. The Group has 14,500 employees and relationships with nine million customers. Suncorp Group Limited is a Top 20 ASX-listed company with $94 billion in assets. Suncorp Bank is Australia’s leading regional bank servicing more than one million personal, SME and agribusiness customers. 

^ Advertised rate valid from 25 May 2016, is subject to change without notice and may be withdrawn at any time before a credit contract is entered into. Rate available for new owner-occupied loans of at least $150,000 where borrowings are less than 90% of the security property value (“LVR”) inclusive of lenders mortgage insurance. Rate includes a Package 2 Year Fixed Discount of 0.35% p.a. applied to the Bank’s Standard 2 Year Fixed Rate for personal purpose / owner occupied borrowing (currently 4.09% p.a.). At expiry of the Fixed Rate period, the rate will revert to the then Standard Variable Rate (currently 5.50% p.a.) less the Home Package Plus Variable Discount (1.35% p.a.) available at the time you entered into the Package. The standard Fixed Rate offered on the day of settlement of the loan will apply unless the rate is secured by paying a Guaranteed Rate Fee. Discount is applied for as long as the loan remains part of the Home Package Plus and may be varied if the loan purpose is changed before settlement. New loans only, pre-approvals and investment lending excluded. # Each comparison rate is based on $150,000 over 25 years. WARNING: These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees,