Suncorp Mortgage Lender

Suncorp Mortgage Lender

Suncorp Mortgage Lender, more known as The Suncorp Group, was formed in 1996 when Suncorp and QIDC merged with Metway Bank. The group expanded in 2001 when it bought CIO and AMP's insurance business. Suncorp Mortgage Lender is now one of the largest banks in Australia.

Suncorp Mortgage Lender offers several options for its home loans:

1. Suncorp Mortgage Lender's Variable Rate Home Loan is a flexible loan option that includes variable interest rates, redraw facilities, and the "no-deposit" alternative.
2. Suncorp Mortgage Lender's Back to Basics Home Loan provides discounted variable interest rates and no-fee account keeping. A low documentation version of this product is available to self-employed borrowers.
3. Suncorp Mortgage Lender's Fixed Rate Home Loan provides a discounted fixed interest rate for the initial year of repayments. Borrowers can then choose a special fixed interest rate that can be applied during a certain period. After which, the standard fixed interest rate will take effect.
4. Suncorp Mortgage Lender's Split Rate Home Loan lets borrowers split repayment into fixed and variable interest rate periods to maximize effective interest rates.
5. Suncorp Mortgage Lender's Bridging Loan provides funding when in the middle of buying a new home and selling an old one.
6. Suncorp Mortgage Lender's Low Doc Loan lets self-employed borrowers acquire loans with minimal documentations.
7. Suncorp Mortgage Lender's My Home Package provides a package of home and personal loans, without additional establishment and account keeping fees. Borrowers also get access to funds from the equity in their homes.
8. Suncorp Mortgage Lender's Asset Line Home Loan provides a credit line from equity in their homes.
9. Suncorp Mortgage Lender's Reverse Mortgage Home Loan is a loan for senior citizens who want to take out equity in their homes for personal use.