Bank's 1% pricing discount war

Posted Tuesday, 06 September 2011 at 15:09 by Michael Chan
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Discount War- 1% Discount off home loan rates

Secretly there is a discount pricing war going on between the banks. Generally speaking the following discount applies;

$250-$500k loan ---- 0.9% discount (LVR 80%<) OR 0.85%  discount  ( 0.9% LVR <)

$500,000 ---- 1% discount ( LVR 80%<) Or 0.95% discount ( o,9% >) 

>1% discount  + for loan over $850,000 with LVR under 80%.

*** Discount applies to the standard SVR ( standard variable rate): The SVR is currently around 7.65% -7.85%

SPECIAL PROMOTION ENDS 30/9/2011--------> Suncorp 1.03% Discount for LVR under 80% and loan over $250,000.