Suncorp are a something of a conundrum for many brokers – they have the potential to be a real contender but…. They managed to squeeze through the GFC and understandably came out of the process with some restrictive policy although that is now being relaxed.
Having said that they have some very nice packaged home loan products and they can be very competitive with their rates with current $250,000 loans getting 6.55%. They also have a 3% genuine saving policy for first home buyers and a very attractive small business commercial offering especially where at least 50% is being secured by residential property.
Don’t expect a quick decision on your loan application – their assessment process struggles to keep up when rates are normal – but with current red hot offer approvals are really blowing out.
