More Details

Loan Details

 

Lender
https://www.erates.com.au/wp-content/uploads/2019/02/Suncorp.png
Comparison Rate
5.83
Name
Back to Basics Investment IO
Lender
Suncorp
Product Name
Back to Basics
Product Details
Max IO period 5 yrs (requests for Interest Only repayments for Owner Occupied lending must meet Suncorp lending guidelines - refer to your BDM for further information). No monthly account keeping fees, unlimited additional repayments and redraw facility. Split loan and Family equity options available. Max loan amount depends on the banks assessment of the applicants capacity to repay.
Variable Rate
6.03
Fixed Rate
Fixed Period
Introductory Discount Rate
Discount Period
Application Fees
600
Discharge Fees
350
Ongoing Fees
0
Valuation Fees
0
Lenders Legal Fees
0
Lenders Settlement Fees
0
Minimum Loan Amount
10000
Max Loan Amount
0
Owner Occupied
N
Investment
Y
Repayment Option
Interest Only
ACT
Y
NSW
Y
TAS
Y
QLD
Y
VIC
Y
SA
Y
WA
Y
NT
Y
Standard Variable
N
Fixed
N
Interest In Advance
N
Reverse Mortgage
N
Basic
Y
No Doc
N
Low Doc
N
Equity
N
Intro
N
Credit Impaired
N
Professional Pack
N
Minimum Loan Term (years)
8
Max Loan Term (years)
30
Rate Details
Fee Details
Application fee includes Security Admin & Valuation. Application fee waived for new loans >$150k, a saving of $600.
Internet Banking
Y
Mortgage Offset Available
N
Redraw Details
$20 Each calendar month your first Online Cashback Fee will be rebated
Redraw Facility
Y
Construction
Y
Can Make Extra Repayments
Y
Repayments Fortnightly
Y
Repayments Monthly
Y
Repayments Weekly
Y
Salary Direct Available
Y
Portability
Y
Split Available
Y
Split Details
1 split free, 2nd split at additional loan rates. New Split Loan facilities an Account keeping fee will be charged on both facilities.