Suncorp has slashed its standard variable home loan interest rate to 5.99%.
Its comparison rate has now dropped to 6.15%, based on $150,000 over 25 years.
Your Mortgage’s home loan calculator shows the 0.25% drop will save customers about $33 a month for a home loan of $150,000 on a loan term of 25 years, compared to the previous rate.
The rate cut also includes Suncorp’s small business variable rates.
Changes are effective from Monday 26 August.