Summary:
At Suncorp Bank Margin Lending, we care about our customers. As a result of our extremely low rates, Suncorp Bank won the Money Magazine Cheapest Margin Loan award for 2011 and we will continue to offer our customers competitive interest rates on their margin loan.
- Suncorp Bank Margin Loans have no establishment or application fees. Companies and Trusts are required to pay $139 and $165 for company seach or trust vetting fees respectively.
- Once your loan is set up, there are no account keeping fees or ongoing costs, regardless of whether you are an individual, company or trust.
- As well as offering no fees on our margin loans, Suncorp Bank offers a range of interest rates depending on whether you are looking to fix your loan or maintain flexibility with a variable loan.
Margin Lending
| Loan Type | Annual Percentage Rate |
|---|---|
| Variable - $0 - $499,999 | 8.99% p.a. |
| Variable - $500,000 plus | 8.74% p.a. |
| 3, 6, 9 Month Fixed Rate - $0 - $499,999 | 8.85% p.a. |
| 3, 6, 9 Month Fixed Rate - $500,000 plus | 8.60% p.a. |
| 1 Year Fixed Rate - $0 - $499,999 | 8.10% p.a. |
| 1 Year Fixed Rate - $500,000 to $999,999 | 7.90% p.a. |
| 1 Year Fixed Rate - $1,000,000 plus | 7.70% p.a. |
| 2 Year Fixed Rate - $0 - $499,999 | 9.60% p.a. |
| 2 Year Fixed Rate - $500,000 plus | 9.50% p.a. |
Interest Rates Effective 19 December 2011, but are subject to change. Customers looking for Margin Lending Fixed Loan rates greater than 2 years, please contact the Account Management Team on 1800 805 972
Interest payments may be tax deductible so speak to your financial or tax adviser about Margin Lending today.
IMPORTANT NOTE: Suncorp Bank lends in its discretion and subject to the terms and conditions of the Margin Loan facility.