Price. Your lender benefits each day that you keep your home loan with them. The cashback is available on. Our lowest home loan variable rate. Back; Self Managed Super Funds; International. View more Home Loan FAQs. Talk to a home loan specialist. This increase means that for every $100,000 of loan balance remaining on a. The offer: You see a package home loan with a $2,000 cashback and a lower 5. Urgent help with money If you’re struggling or in crisis. 15% p. $3,000 Home Loan Refinance Offer^ Effective Monday 26 July 2021, Suncorp will offer customers a $3,000 refinance incentive if they switch to Suncorp for loans of $750,000 or more. Mortgage Refinance Costs. 45% p. Back to Basics Home Loan; Back to Basics Variable Rate is Suncorp Bank’s low-rate, low-fee, flexible home loan product. The cashback money is paid into the customer’s nominated bank account after the new home loan agreement is signed and settled. If the loan purpose is for land only which is to be held as a long-term. The announcement comes as the bank launches a market-wide refinance cashback offer of up to $3,000 for any mortgage customer looking to switch to Suncorp. We’ll reply within two hours or by the next. Button. com. 6. Fee waiver. If you're thinking of refinancing a home loan, now's the time to switch to ANZ. This offer is for new owner occupier Owner occupier An owner-occupier owns the home they live in which is used as their primary residence. HPP Fixed Rates Special Offers valid 20 October 2023. Read our Home Loan Terms. a. Toggle navigation. We’ll reply within two hours or by the next business day. With $3,000 cash when they refinance to a Suncorp BankProducts and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. a. Home loan information and interest rates are for new loans only and are subject to change. Current mortgage interest rates in Nevada. Today Suncorp provides term deposits, savings accounts, home loans, personal loans and other financial services to over 800,000 customers through 178 retail outlets, 680 ATMs, 46 Business Centres, online banking and 24-hour call centres. Suncorp takes a personal approach to their customers enquiries and needs always courteous, polite and friendly mannerisms. Make extra repayments up to $500 per month during the fixed rate period with no early repayment fee. Paid defaults less than $500 accepted. Hello everyone, I decided to refinance my home loan with Suncorp as they are offering better rate. Finding out if you could save. 4 per cent and Bendigo 2. Flexibility to split your loan and set different repayment types. $3k. P. Our experienced team are happy to answer any of your questions and you're under no obligation to choose to us for your loan. Lenders are offering cash backs and other incentives to attract new customers. Suncorp home loans Since 1902, Suncorp Bank has been providing Australians with reliable personal and business banking services. Refinance your eligible home loan of $250,000+ and 80% or less LVR and get $2,000 cashback (T&Cs apply) with ANZ’s Simplicity PLUS Home Loan Special Offer. The lowest variable rate is 5. HSBC. Maximum LVR 60%. 7. 03 % pa: $445: Nil: Apply. On top of that, all this is usually accompanied with a reduction from a range. $500,000 /. $3,436. The land title office in your state will have its own timeframe for amending your title. For example if you’re refinancing to get better value Quick steps to complete and eSign Suncorp cashback online: Use Get Form or simply click on the template preview to open it in the editor. Complete your home loan application form and documentation as normal with Suncorp Bank or your broker. $3,436. A record $19. a. 10% and the fixed rates by 0% to 0. Automatically track your home loan against daily market rates and refinance at the right time in just 3 steps. The offer is available to eligible new customers refinancing a home loan valued at $250,000 or greater to Suncorp. To use our Mortgage Repayment Calculator, simply enter the interest rate, loan term, loan amount and whether the loan has principal and interest or interest-only repayments. Because fixed rates are lower now, your lender is offering a fixed rate of 5. Step 2 – Settlement. On the other hand, applying for a new mortgage is something you might do with your existing lender. Refinancing options in Texas. Apply online in minutes. Full conditions available from Bank Australia. Credit criteria, fees and charges apply. Trust. And if you're an investor, you'll be happy to know that. 86 Total repayment $954,669. Worst bank ever to process home loan application for refinancing if you are existing customer. 1. For a faster response on your pre-approval enquiry, try our calculator to estimate your borrowing power and continue to apply online. 4. Mortgage interest rates were widely expected to fall throughout 2023 but are now expected to stay higher for longer. Get discounted rates upfront on eligible loans (T&Cs apply). 79% When calculating your home loan interest, we’d add your Everyday Options Account balances together i. Excludes pre-approvals, or refinances of an existing Suncorp Bank home loan, homes under construction at the time of the loan application, Suncorp Bank add loans and non-individual borrowers (such as loans in company names). Interest rates and discounts are. Suncorp has been named Money Magazine’s Bank of the Year and Business Bank of the Year for the fourth year in a row. A target market determination for these products is available on our TMD page. 2. Back. Buy an investment property. Our Suncorp Bank Standard Variable Rate Home Loan is designed for borrowers who want the flexibility of a variable rate, and would like to take advantage of features like an offset loan or cashback facility. # Discounted Back to Basics Variable Rate with Better Together Special Offer. Type of Borrower * Company Name * ABN. One of the latest deals is from Suncorp which has just rolled out a three-tiered cashback offer for eligible owner occupiers and investors, including a special for. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. Get answers to your home lending questions, no matter how big or small. The Home Loan Key Facts Sheet provided is based upon the information entered into the generator by the user. 11 is added to your loan balance. 3M Compounded SORA + 0. . a. So, you borrow $400,000. For example, you can refinance a 15-year mortgage to a 30-year loan to lengthen the term of your loan and make a lower payment each month. 110% LVR no deposit First Home Buyer Loans. Applicants must live in Australia and meet eligibility requirements. Find out why Suncorp Bank is banking you can feel good about. 17% for a 15-year fixed mortgage. 84% p. Refinance cashback offers Commercial property loans Cons They may not be offering you a great deal based on your unique situation Their lending policy is inconsistent so. Suncorp Customers Login. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. Compare home loan rates from across the market, from online lenders to the Big Four banks. For fixed rates, the comparison rate. Suncorp Reverse Mortgage Loans 9 Lending Fees and Charges – Personal Loans 9 Personal Loan & Share Trade Product Offers 10 Fees 10 Share Trade: 10 Money Manager – My Home Package 11 Package is no longer available for new home loan package sales. Loan Establishment Fee. Less. au 28383 13/07/15 B Discharge Authority Financial Institution (financing to) Suncorp-Metway Ltd ABN (if known) 66 010 831 722 Applicant details Applicant name(s) in full Customer No. Compare home loan rates from 25+ lenders and see if you can save. Compare week-over-week changes to mortgage rates and APRs in Florida. Only available for new borrowings of $300,000 or more. $2,000 + $5,000 = $7,000 less the flexiRate balance of $1,000 = $6,000. 7. It offers a wide variety of mortgage programs like VA, construction, commercial, and investment. In some cases, our lenders can even approve your new home loan on. Their credit department often disagrees with the pre-approval that was issued by the file owner. Unloan – Variable Rate Home Loan – Refinance Only. Once you have 20% equity in your home, you may be able to refinance your FHA loan to a conventional loan, eliminating the need for mortgage insurance and lowering your monthly payments. a. Customer service. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. See some of Suncorp’s home loans for owner occupiers in the table below: Loan purpose. Available on home loans with our Advantage Package ($395 annual package fee) and our Basic Home Loan (no annual fee). Interest Rate. #. a. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. Compare;. (3. a. (5. Downloadable resourcing . By delaying everyone who discharges a loan by a week or two, they make significantly more in interest. Sometimes further discounts to the interest rates are offered in the case of larger loans over $750,000 or $1,000,000. a. Suncorp Bank has launched a home loan refinance cashback offer of up to $4,000 for health, education and emergency services workers with eligible home loans. In this option, a homeowner’s original loan is paid off by a new mortgage loan, with a new rate and set of terms. Applicants must live in Australia and meet eligibility requirements. Features. Only one $2K cashback offer available per primary applicant within a 12 month period. But like a home purchase, one of the requirements for refinancing is the payment of closing costs. can be eligible even with only 5% deposit) and up to 110% LVR with a home loan guarantor. Average interest rate September 2023 5. A home loan refinance cashback deal is a financial bonus offered by a lender to attract customers with home loans who are looking to refinance their mortgage. Get answers to your home lending questions, no matter how big or small. If you're refinancing, request a call or contact us on 13 62 27 Monday to Friday 8am - 6pm (Sydney time). Suncorp’s team of home loan experts are your own dedicated home loan specialists. The interest rates and fees and charges are those that apply as at the date of production of the Key Facts Sheet. annual fees, application fees) on top of the interest rate. Split rate loans available. Compare home loan interest rates from 5. Pay no annual fee for the life of the loan on an eligible new home loan package of ≥$150K. We take your loan amount, add the total estimated amount of interest we charge over the life of the loan, apply the annual rate discount that increases every year (up to 30 years), and then divide that total up into a monthly amount, based on the length of your loan term. 70% p. Verify your ID and sign documents online for super simple home loan refinancing. 41% with 0. The longest home loan you can have with Suncorp Bank is 30 years while the shortest loan period you can apply for is 8 years. Some lenders are offering cashbacks - worth up to $2,000** when you refinance. It offers a 2. 39% (2. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. $0 set up or ongoing fees to pay. e. Share. Steps switching from owner occupied to rental property. ). Confused about when to refinance your home loan and how you can benefit from it? Check out these 10 questions that you can ask. View Suncorp Bank's home loans, home take packages and loan calculators. Although she was single, her income was more than enough to service or meet the repayments of a $425,000 home loan. Manage your home loan. *Discounted rate is only available for new Personal/Owner Occupied loans taken out as part of the Better Together Special Offer >= $150,000 and borrowings <= 70% of the security property value (LVR) inclusive of lenders mortgage insurance (if applicable), with Principal and Interest repayments and who hold a Suncorp Bank transaction account. Home Package Plus (HPP) Standard Variable Special Offers valid 20 October 2023. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. Australian Credit Licence 229882. This happens when current mortgage rates are lower than your original rate. Name the goal. Explore our home loans. A rural home loan is used when you want to buy a rural property, also called a hobby farm. After comparing the loan fees and repayments, you apply for a new 3-year loan and borrow $15,000. The best mortgage refinance lenders. 99% (2. RateCity research shows that a homeowner with a 25-year, $750,000 home loan on the RBA’s average ongoing variable rate for current owner-occupiers of 5. - Extra $1,000 cashback: For eligible health, education or emergency services workers, meaning potential cashback of up to $4,000. This increase means that for every $100,000 of loan balance remaining on. Your borrowing capacity relates to your current financial situation, including your income, financial commitments and regular expenses. The details shown below are for an owner occupier taking out a principal & interest loan of at least $10,000 with an LVR below 95% The details shown below are for an owner occupier taking out a interest only loan. ^^Discounted rate is only available for new Personal/Owner Occupied or Investment loans taken out as part of the Suncorp Bank Green Upgrades Equity Home Loan Offer. For a principal and interest home loan, you will be required to pay a minimum monthly repayment. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. Mozo snapshot. 25% following the Reserve. Below is the latest list (as of October 2023) of lenders that are currently offering cashback for refinancing. A specialist lender on our panel is offering waived LMI on LVR below 85%. Find out more Manage your home loan. At Suncorp Bank, home loan interest is calculated daily and charged on your monthly repayment due date. Suncorp Bank has announced new interest rates for home loan customers following the Reserve Bank of Australia’s decision on Tuesday, 7 November 2023. Call 13 11 55. For joint applications, only one cashback payment will be paid to the primary applicant. from the Standard 3 Year Fixed Rate (currently 6. Gateway Credit Union – Free for properties valued over $1 million (the cost will be rebated at settlement). a. The maximum loan size is $850,000 for purchase or refinance. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. - $3,000 cashback: For eligible refinancers on loans over $750,000 with an LVR below 90%. 3 per cent of the mortgage market, while Suncorp has 2. They provide one point of contact throughout, keeping you up to date every step of the way. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. 69% p. Fees, charges, terms and conditions apply and are available on request. Her current mortgage is $600,000 on a 6% interest rate, with 20 years of repayments. Suncorp Personal Deposit Accounts Product Information Document (PDF, 277KB) Terms and Conditions for Suncorp Accounts and Continuing Credit Accounts (PDF, 373KB) Suncorp Bank Account Switching Self-Service Terms and Conditions (PDF, 86KB) PayID Terms and Conditions (PDF, 142KB). Our Suncorp Bank Standard Variable Rate Home Loan is designed for borrowers who want the flexibility of a variable rate, and would like to take advantage of features like an offset loan or cashback facility. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. The new rates will come into effect from 18 May 2022. 1 Comparison rates are calculated on a loan amount of $150,000 for a term of 25 years. 1. The home loan refinancing cashback will be paid into a Bank of Melbourne transaction account within 60 days of. New Home Loans >= $150,000 and Loan to Value Ratio (LVR) must be as stated. This is the multi-offset value that can then be subtracted from your $100,000 home loan when calculating interest. *Discounted rate is only available for new Personal/Owner Occupied loans taken out as part of the Better Together Special Offer >= $150,000 and borrowings <= 60% of the security property value (LVR) inclusive of lenders mortgage insurance (if applicable), with Principal and Interest repayments and who hold a Suncorp Bank transaction account. Select 'Register for Online Cashback'. Up to $3,000 will put a spring in your step 5. The current average 30-year fixed mortgage rate remained stable at 7. Suncorp’s Back To Basics loan is a no-frills variable rate mortgage. home loans. For more information on this offer, chat. A personal loan can be ideal for smaller renovations, and with one of our Variable Rate Personal Loans you can make additional repayments to help pay off your loan sooner without being charged a fee. 70% p. a. Bank of Queensland. 79% per annum comparison rate. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. 40% to 1. If the details aren’t on the discharge request, call your lender and find. That’s a saving of up to $11,250. Talk To Us At +65 8769 5300. For joint applications, only one cashback payment will be paid to the primary applicant. Variation Document Delivery MethodCompetitive rates & offers – Suncorp now has a rate of 1. 64%. , principal and interest home loans where the customer takes a 2 year fixed rate NAB Tailored Home Loan and has a deposit of 30% or more of the. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. We'll show you your bespoke interest rate and repayment amount. Hopefull, South Australia, reviewed about 2 years ago. After this time, it would increase to $2,923. 99 per month more than the normal monthly repayments. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Try SmartRefi Now. Option to add an offset for 0. They have a Business Banking department which specialises in loans. 5 percent. Home Loans. After comparing her options and consulting her mortgage broker, she decides to switch to a smaller non-bank lender. 78% per annum, with a 2. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. My Liberty Loans helps families and individuals in West Palm Beach who want to refinance their mortgages. Image: Getty. A. 69% p. 4 out of 5 stars from 79 genuine reviews (page 3) on Australia's largest opinion site ProductReview. The Home Package Plus discounts are applied for as long as the home loan remains part of the Home Package Plus. This repayment will require you to pay the interest charge, as well as reducing the principal amount of. Your lender or broker will keep you updated on your settlement timing and process. ) is calculated by subtracting a discount of 0. Mo. Occasionally runs no application fee or waived first-year package fee offers. To Switch Mortgage Types. Refinance your eligible home loan of $250,000+ and 80% or less LVR and get $2,000 cashback (T&Cs apply) with ANZ’s Simplicity PLUS Home Loan Special Offer. Home Loans. We’re available seven days a week, by phone or wherever suits you. a. The BOQ Discounted Fixed Home Loan lets you can lock in a super low rate while still having the flexibility to pay down your mortgage faster by being able to make free extra repayments of up to $5,000 a year. Credit score minimum: 620. Suncorp Bank. For fixed-rate or combination of fixed-rate and 3-Month Compounded SORA packages, please complete the Contact Us form here so that our Home Loan Specialists can be in touch with you within the next business day. To be eligible for HSBC Home Loan Package, you must have minimum borrowings of $150,000 and pay the annual package fee of $390. Refinance your home loan by comparing and get the best mortgage rates for your HDB & private property from over 11 financial partners in Singapore. Enquire online Check interest rates. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. One low rate, a discount that gets better every year, and no fees from us. For example, you might be borrowing $400,000 to purchase a home. 82% CR) under 70% LVR, Store: Suncorp, Category: Financial Suncorp has been named Money Magazine’s Bank of the Year and Business Bank of the Year for the fourth year in a row. 83 % pa: 6. This product is available in different versions. Suncorp: $499. Luckily, there are some lenders that offer ‘non-genuine savings’ loans if you can meet standard lending criteria. 4 and half months still coming up with lot of lies about deadlines and loan approval. 70% p. 73% p. Advertiser disclosure. Repayment type. HPP Fixed Rates Special Offers valid 20 October 2023. Hi OzBargainers, I hope everyone is keeping well! Suncorp have just advised us of a new REFINANCE rebate effective today (02 May 2023). Follow the prompts on screen or in the email sent to you to finalise your request. Generally, the lower the interest rate, the cheaper the loan will be, but it’s important to compare refinance home. Register for Internet Banking. Get more out of your home loan: Refinance and save with one of our competitive Fixed Rate or Standard Variable Rate home loans. 9 (562) Professional Partners 5. 80% p. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. au has rolled out a new green loan product to encourage homeowners to make energy-efficient improvements in their homes. Automatically track your home loan against daily market rates and refinance at the right time in just 3 steps. Your current loan: You're currently on a 6. 74%; at 70% LVR or less is 5. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. And say you have saved up enough for a 20% deposit of $100,000. Fee free redraw from your loan using online banking. Excludes non-resident applications. Applying for either the minimum or maximum can have perks, but Marsha says the right loan term really depends on your circumstances and the loan’s purpose. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. Variable Rate. Features. If you’d like to speak to someone straightaway, please call 13 11 55 Mon-Fri 8am-7pm and Sat-Sun 9am. When you bought your house, perhaps you took out an adjustable-rate mortgage (ARM). a two-year fixed interest on home loans. com. Savings. Discover the various home loan options available from Suncorp Bank; Variable rate, Fixed-rate and Line of Credit. Schedule an appointment. suncorp home loan contact. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. From time to time we may send you information about products or offers from Suncorp. Macquarie’s rate reductions, which come into effect from November 11, range from 10 basis points for 1, 2 and 3-year fixed loans to. Access to savings with unlimited redraws available. 5. Please note that these calculations are based on our current. Refinance and get our standard Refinance Cash Bonus plus an extra $1,000 with an… Are you a teacher, nurse, firefighter or other eligible frontline worker? Suncorp Group on LinkedIn: Refinancing. This offer is available to new home loan. ^^Discounted rate is only available for new Personal/Owner Occupied or Investment loans taken out as part of the Suncorp Bank Green Upgrades Equity Home Loan Offer. I thought it would be an easy process as I thought I had a good credit history, so I approached a Home loan agent to put my. Your home loan offer documents will include two FASTRefi® forms, the Borrower’s Acknowledgement, Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. a. Find out how much home you can afford. from. Since a medical mortgage sellers, we have access to refinancing options which are very competitive and not available through most other mortgage brokers. Suncorp Bank has announced new interest rates for home loan and savings customers following the Reserve Bank of Australia’s decision on Tuesday, 6 June 2023. Newcastle Permanent Variable Home Loan (Premium Plus Package) $2,000 cashback for loans of $250,000 or more (T&Cs apply) Bonus $1,000 cashback for loans of $500,000 or more. * Comparison Rate 6. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. In a similar move, Suncorp also made the decision to lower its variable rates for the Standard Variable Home Loan Special for owner occupiers (LVR of <60%) by 10 basis points, by 15 basis points for the 60-70% LVR tier and by 5 basis points for 70-80% LVR . 50% to 1. 31% p. Talk to a home loan expert Apply for refinance Loan and rates See full list on suncorp. If you do not want to receive any of this information, just contact us on 13 11 55. Showing 5 of 14 results Suncorp key facts Suncorp's home loan rates are quite competitive, especially its package home loans. Not available for the refinance or restructure of existing BOQ Group home loans (which includes Virgin Money (Australia), BOQ, BOQ Specialist and ME Bank). Owner Occupied. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. To calculate your LVR divide the loan amount (exclude any redraw or offset balance) by the property value and multiply by 100. Package their new Standard Variable or Fixed Rate home loan (new borrowing’s over $150,000) with our Everyday Options transaction bank account as part of our Home Package Plus; Combine a Back to Basics home loan (new borrowing’s over $150,000) with our Everyday Options transaction bank account. 86 400: Own Home Loan: 2. By the end of your 3-month holiday, you will owe an extra $4,617. Many people refinance to a shorter term to save on interest. Dollar-for-dollar refinancing means your new loan will be for the same amount as your existing loan but with new terms – such as a better interest rate. Please read the relevant Product Information Document, Lending Fees and Charges and the Home Package Plus terms and conditions before making a decision regarding any. And if you're an investor, you'll be happy to know that. 91%: Get $2,500 cashback when you refinance or apply for a new home loan by 28 August 2020 and have the loan settled by 30 October 2020. Compare Suncorp home loans. . Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. Best for retired veterans: Navy. Choose 1, 2, 3 or 5 year fixed terms (3 year rate shown above). The 52-week high for a 20-year, fixed. The discounted rate (currently 6. When refinancing, you don’t have to take on any extra debt – you can simply refinance the amount left to repay (the ‘principal’). Today’s average rate on a 20-year, fixed-mortgage refinance is 7. Owner Occupier (P&I repayments) and Residential Investment loans, with LVR up to 80%. What is Lenders Mortgage Insurance (LMI)? In the event you are borrowing more than 80% of the value of a property from a Suncorp Bank, you will have to pay what’s called Lenders Mortgage Insurance (LMI). All relevant parties will work together to arrange a convenient settlement day and time. Home Loan Refinance Our lowest variable rate Variable Rate 6. CBA’s main home loan is the the Wealth Package combined with their Standard Variable Rate Home Loan. Interest-only option available on some loans. ) less the Home Package Plus discount. Rates & calculators. Currently, if you refinance with a Suncorp Bank Back to Basics home loan and borrow $150,000 or more, you won’t be charged an establishment fee or monthly account keeping fees 1. Homeside Loans Discharge Form. 98% p. LMI is not a premium you have to pay upfront nor pay every year or monthly. In the event you are borrowing more than 80% of the value of a property from a Suncorp Bank, you will have to pay what’s called Lenders Mortgage Insurance (LMI). a. Fast refinance is a process that allows borrowers to refinance their loan to a new lender without the existing bank having the chance to slow down the process. Convenience. Enquire online Check interest rates. Please note: This calculator is only relevant if you currently have a variable rate, Principal and Interest loan with a Loan to value ratio (LVR) of 80% or less and a remaining term of 30 years or less. 14% p.