Suncorp raises home loan rates

Suncorp raises home loan rates
Suncorp raises home loan rates

Suncorp Bank has announced it is increasing its variable interest rates for owner-occupier and investor loans.

The non-major bank announced its rates will increase by 16 basis points for new and existing loans from November 20.

Suncorp’s Standard Variable Owner Occupier rate will increase to 5.70%.

Its Investment Standard Variable Rate will increase to 5.97%.

It was partly attributed to an increase in the bank’s wholesale funding costs.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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Home Loans Mortgage Rate

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