Suncorp Bank reduces rates, raises commissions | Thinktank Commercial changes servicing to SMSF's policy
Suncorp Bank reduces rates, raises commissions | Thinktank Commercial changes servicing to SMSF's policy​
MPA Lender Update is your same-day product information service, bringing together updates from all lenders
RATES
Suncorp Bank drops special offer standard variable rate to 4.14% (comparison rate 4.15%) for new Home Package Plus owner-occupier loans between $1500,000 to $499,000, with a maximum LVR of 80% and principal and interest repayments.
PRODUCT
No changes today
POLICY
Thinktank Commercial changes servicing to SMSF's policy with interest cover remaining at 1.50:1 based on 80% of rental income plus 80% of recoverable outgoings in addition to historical or projected contributions
COMMISSIONS
Suncorp Bank offers a $1,500 cash back offer on new loans of at least $300,000 and has waived the annual Home Package Plus fee for the life of the loan and announced a 10 basis point commission bonus for brokers.
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