![]() Any advice has been prepared without taking into account your particular objectives, financial situation or needs, so you should consider whether it is appropriate for you before acting on it. Suncorp Bank is only liable for the banking products or services it provides and not the products and services of the other companies in the Suncorp Group. Products and services including banking and insurance (including home and car insurance) are provided by separate companies in the Suncorp Group. Please ensure that you read these before accessing the site. In accessing Suncorp's site you agree to our Online Terms & Privacy Statement. Registered office: Level 23, 80 Ann Street, Brisbane QLD 4000. © Copyright Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 (“Suncorp Bank”). Please contact us on 13 11 55 or visit your local Store and ask to speak to a lender to discuss a repayment option that will suit your personal circumstances Given you pay Interest Only for a set term, your loan balance will remain the same while your term is reducing, meaning at the end of the term your repayments will be higher and you may pay more interest over the term of the loan. Interest Only repayments are subject to credit approval. Please refer to Lending Fees and Charges for all applicable fees. No fees or charges have been factored into the above calculation. Repayment Type – Principal & Interest or Interest OnlyĪll calculations assume that interest rates remain unchanged over the life of the loan, any change to the above factors will result in a change to repayment amounts.The date of which your monthly payment is due.The interest and repayments may vary due too 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.Home loan repayment and total interest paid are calculated using the information selected and are an indicative estimation. Different amounts and terms will result in different comparison rates. WARNING: This comparison rate applies only to the example or examples given. This may mean you pay more interest over the life of the loan. During an Interest Only period, your Interest Only payments will not reduce your loan balance. For fixed Interest Only loans, comparison rates are based on an initial Interest Only period equal in length to the fixed period. For variable Interest Only loans, comparison rates are based on an initial 3 year Interest Only period. The Target Market Determination (TMD) for products is available on request.Ĭomparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. Lending criteria, terms & conditions, fees & charges apply. Fees and charges are payable.Ĭredit products issued by Police & Nurses Limited (P&N Bank) ABN 69 087 651 876 AFSL/Australian Credit Licence 240701. Terms and conditions apply and are available on request. Lending criteria applies to the approval of credit products. Information such as interest rates quoted and default figures used in the assumptions are subject to change. Individual institutions apply different formulas. Results do not represent a quote or pre qualification for a loan. The calculations do not take into account any product features or fees and charges that may be charged to your loan or fees such as Lenders Mortgage Insurance, which if applicable will add to the cost of your loan and repayments. Figures provided are for illustrative purposes only and are based on the information provided. The results from this calculator should be used as an indication only. ![]()
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