Suncorp Bank has reduced its one-year fixed home loan rate by 16 basis points to 4.93% (comparison rate 5.59%).
Your Mortgage’s home loan calculator shows the reduction will save customers about $18 month for a loan of $200,000, on a loan term of 20 years, compared to the previous rate.
Suncorp has also reduced its two-year fixed home loan rate by 14 basis points to 4.90% (comparison rate 5.53%).
The three-year fixed home loan rate has remained on hold at 4.98% (comparison rate 5.51%).
The new rates are effective from Monday, 16 September.