The purpose of the First Home Buyer Guarantee (FHBG) is to support eligible home buyers to enter or re-enter the housing market sooner. About $29 billion has been loaned out to the next generation and in many cases, it was in the form. 5% for a first-time buyer’s purchase of a new or resale mobile/manufactured home. Suncorp Bank has unique home loans and low-interest rates. 9 billion sale of the Brisbane-based group’s banking division, securing Queensland government support in exchange for job pledges. a. VA loans are no-down-payment loans for borrowers with a. full valuation. First home buyers can get upto 95% LVR with LMI (i. 3 billion, outperforming the sector by 1. Tremendo curso para primeros compradores, te ayuda a despejar dudas en ciertos puntos como por ejemplo: deudas, deposit, cierre, etc. 59 per cent for owner-occupied properties and 6. The Suncorp Standard Variable Home Loan Special Offer (Home Package Plus) is one of those great home loans that offers both value and flexibility. Will normally have to show your ability to save with 3 - 6 months of bank statements. govt. 2 Save for a deposit. Organise your application. See full list on suncorp. T&Cs apply. 6. What it pays to know before building your own home. Suncorp Comprehensive Insurance customers can make a claim if a buyer has an accident while test driving their vehicle for the purpose of a. Suncorp Clear Options Gold. Notes: Rebate of $1000 for first home buyers. , and no annual fee. They’d still be ten grand out of pocket. *The Comparison rate assumes a $150,000 loan over 25. Explore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More NowAustralia and New Zealand Banking Group Limited (ANZ) sought merger authorisation in relation to its proposal to acquire 100% of the issued shares of SBGH Limited (which owns 100% of the shares of Suncorp Bank) from Suncorp Group Limited (Suncorp Group) (the Proposed Acquisition). This Suncorp-Metway home loan has an interest rate of 6. 6. Contact a Home Loan Specialist. “You may not be able to get into your dream suburb if you’re looking at buying land,” says Zoran. Buying a home is a big deal with many things to consider, like saving a deposit and getting a home loan. Qualifying buyers borrow either 5% or 10% of a home’s purchase price from the. and a comparison rate of 6. Banking and home loan products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722. With the Standard First Home Buyer Special Variable Home Loan from Suncorp-Metway you can borrow between $150,000 and $5,000,000, and is available on homes with a loan-to-value ratio under 90%. Devastating floods have contributed to home insurance price rises of almost 10 per cent on average at Suncorp, one of the biggest. $600,000. Learn more about the First-Time Home Buyer Incentive. A down payment or first-time homebuyer grant is essentially free money to help you cover your down payment or closing costs. And the good news is, if you have an LVR between 70% and 80%, there's a still. 110% LVR no deposit First Home Buyer Loans. Less Genuine Savings required. Price thresholds on property values apply as per the table below. US Treasury Bonds Rates. The FHSA is a new kind of registered account that will allow first-time home buyers aged 18 or older to save up to $8,000 per year, up to a total of $40,000, towards the purchase of a home. The home concession reduces the duty to $9,800. 99% p. This down payment assistance program, combined with the House Key Opportunity first mortgage, is a second mortgage of up to $10,000, with a 1 percent interest rate and 30-year deferred payments. Suncorp Group Limited ABN 66 145 290 124. The larger assistance amount comes with a higher interest rate. Banking and home loan products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882. There's always a chance something could go wrong when buying property. The amount payable depends on the value of the property. Complete your application online through. 77. Split rate loans available. The First-Time Home Buyer Incentive. Paying the annual sum of your premium will be cheaper compared to paying it monthly. Learn more about schemes and grants. BANKING Banking and home. Most run for 25 years, but the term can be shorter or longer. If you first purchase or have an existing Suncorp Car or Motorcycle policy, you can get 20% off new Suncorp home insurance. But big banks buying and acquiring smaller banks happens frequently, so there’s no need to panic if you’re banking with Suncorp. a. 2. 0%. I’ve chosen and met with my home loan specialist. This can include financial assistance in the form of stamp duty concessions. 00. Read the policy booklet before buying this insurance. From small beginnings as a Queensland agricultural bank, Suncorp has grown to become Australia's sixth largest bank. package Suncorp has announced an exclusive new offer for first home buyers to help them realise their property ownership dreams. Our plan is to buy this first property as a 'stepping stone', something that we can live in while we start our family, and upgrade when they go to school (in around. 1. Banking and home loan products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882. Apply online. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. Banking and home loan products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882 Australian Credit. Home Package Plus - First Home Buyer. Whether you’re a first house buyer or a seasoned investor, start here when planning your home purchase. a. If you’re hunting for your first house, like Jess and Fotis from. Buying a home is a big deal with many things to consider, like saving a deposit and getting a home loan. Only the home concession applies because the value of the residence is over $550,000. You earn a low-to-moderate household income relative to your. $575,000 or less where the contract was entered into on or before 14 June 2023. Read more now. From small beginnings as a Queensland agricultural bank, Suncorp has grown to become Australia's sixth largest bank. 9 billion ($3. Receives high marks for customer satisfaction, according to J. It could be more affordable than buying a home as an individual, because you will probably have more money to pool together. Yes, the Queensland First Home Owners' Grant offers $15,000 to first-time owners buying or building a new home. 26 August 2021. Explore a range of articles and helpful tips to help guide you through the process. Buying a home involves finding the property, securing financing, making an offer, getting a home inspection, and closing on the purchase. R. The grant is available for properties and land valued at less than $750,000. Home Loan Interest Rates. 6. This is also known as a Guarantor Home Loan. holidays and even when your car was first registered can affect selling it. Buying my first home. Key features. My Suncorp; Well-being Online Services. A first home owner grant is available for new homes with a value of up to: $650,000 or less where the contract was entered into on or after 15 June 2023; or. Contribute often to help your money grow faster, tax-free. It offers variable and fixed rate home loans, and customers have the option of paying principal & interest, or interest-only. Read more now. My loan has been pre-approved! The period of home loan pre-approval is usually three months. a. Victoria, you pay stamp duty within 30 days after property transfer. Pre-qualify to get a better understanding of your borrowing position and what deposit you need. We're here to help find the best fit for you. a. Suncorp has signed an agreement to sell its banking business to ANZ. Our Home Shop Direct sack help you every step of the way. 39pm, first published at 9. ANZ has agreed to buy Suncorp’s banking business for $4. These are government assistance programs that offer first home buyers’ incentives to access the property market. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. | May 20, 2023 Buying your first home is confusing and stressful. Buying a home? It’s intelligent to factor included all the what of homeownership and how you much you can borrow. ). 94% p. Get browser version is no length propped, so you may experience issues while after this site. Northern Territory, stamp duty is payable 60 days after settlement. Suncorp - Home Package Plus Fixed Rate Home Loan 5yr - 5 Year Fixed Rate. It found the “Bank of Mum and Dad” was among the top 10 lenders in Australia, just behind Suncorp and one place ahead of the Bank of Queensland. As a first home buyer, you may be eligible for the First Home Owner Grant scheme (FHOG). How to apply for the FHOG. NSW woman shares ‘stressful’ Suncorp insurance claim after natural disaster. Under the Scheme, eligible first home buyers can purchase a modest home with a deposit of as little as 5. You must apply for a grant and/or pre-approval for the first home owner rate of duty within 12 months of completion of the eligible transaction. a. The maximum LVR one can be approved for is 95%, including LMI. ANZ and Suncorp have overcome the first hurdle in clearing a $4. Banking and home loan products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence. With the Standard First Home Buyer Special Variable Home Loan from Suncorp-Metway you can borrow between $150,000 and $5,000,000, and is available on homes with a loan-to-value ratio under 90%. 70%. Borrowing Power Calculator. Get a $3,000 Solar Home Bonus when you apply for a new eligible Suncorp Bank home loan on a property fitted with an eligible solar power system. Results / According to the agency, the campaign reached 99% of the target audience through paid and earned media and was covered across every major Australian news network, resulting in more than 20 million impressions. Suncorp QLD CTP Insurance counts as an eligible policy, but it cannot be discounted due to. Mortgage. You are a first-time buyer purchasing a single-family home to be your primary residence in any state other than New York, Hawaii, and Alaska. Up to $500. Better Mortgage does not. comparison*), you’ll need to be an owner-occupier with a LVR of 60% or less, borrow more than $150,000, and open a Suncorp Everyday Option Account. No LMI for First Home Buyers Is LMI waived for first home buyers? Yes, LMI can be waived for first home buyers, if you qualify for the First Home Loan Deposit Scheme. Our first time home buyer lending experts. Apply online. Today Suncorp provides term deposits, savings accounts, home loans, personal loans and other financial services to over 800,000 customers through 178 retail outlets, 680 ATMs, 46 Business Centres, online banking. However, it may mean you’re able to make an offer with a little more certainty. 49% p. The First Home Owner Grant (FHOG) scheme was introduced on 1 July 2000 to offset the effect of the GST on home ownership. Fund your account with a bank transfer, PayPal or debit. The Scheme is administered by the National Housing Finance and Investment Corporation (NHFIC). 93% p. $460,415*Suncorp key facts. Buying a home. A MUM of two children with special needs has broken down on the witness stand after describing her “atrocious. As an incentive for first home buyers, most Australian states and territories offer stamp duty concessions to those purchasing their first property, if it's under a certain amount. The Australian Competition and Consumer Commission has delayed its decision on the $4. Suncorp Commercial offers a simple process and good interest rates for small commercial loans up to $1 million. Usually first home buyers with less than a 20 per cent deposit need to pay lenders mortgage insurance. With the Standard First Home Buyer Special Variable Home Loan from Suncorp-Metway you can borrow between $150,000 and $5,000,000, and is available on homes with a loan-to-value ratio under 90%. A person is generally classified as a first-time-buyer if they’re buying their only or main residence, and have never owned a freehold or have a leasehold interest in a residential property in the UK or abroad. Looking to get more information on the Suncorp Fixed Home Loan First Home Buyer home loans? Read the Mozo editorial review and find all the product. 39%. Under the Scheme, eligible first home buyers can purchase a modest home with a deposit of as little as 5. Depending on what you need, a home loan package might help you save by: waiving annual fees on credit cards. $1,215. For example, First Federal Bank of Kansas City offers eligible buyers a grant of up to $5,000. Suncorp Client Login. When purchasing a Home Package Plus loan of $250,000 or more, you could receive a further cashback bonus of $2 000. The amount for the HBTC was increased to $10,000 in 2022. This calculator will give you an estimate in approximately 2 minutes to help your home-buying journey. You must be. deposit Owner-occupier. The First Home Owners Grant NSW is a one-off payment to help first home owners manage the costs of buying a home. Interest-only option available on some loans. The offer gives eligible First Home Buyers access to a 25% discount on LMI, variable rates as low as 2. The First Home Owners’ Grant (FHOG) is a one-off payment from the federal or state government of up to $10,000 to put towards a purchase or build of a first property. Suncorp Insurance offers a discount on Home and Contents Insurance when you get a quote and buy online. By Yvonne Taylor | Verified by David Boyd | Updated 19 Oct 2023 As seen on Comparing 2 Suncorp home loans for over years Customise and filter Compare Enquire. The above points may give potential buyers peace of mind and may increase the selling price. 98% p. ) less the Home Package Plus discount. The millennial approach to buying a home. New South Wales and Tasmania, you have 3 months to pay stamp duty. $575,000 or less where the contract was entered into on or before 14 June 2023. The Home Buyers' Plan (HBP) is a program that allows you to make a withdrawal from your registered retirement savings plans (RRSPs) to buy or build a qualifying home for yourself or for a specified disabled person . 14. First-time buyers make up 43% of the new home market. It’s a national scheme, however the grant is funded and administered by each state or territory. 99 %. Suncorp has announced an exclusive new offer for first home buyers to “help them realise their property ownership dreams”. A rate which is designed to better reflect the cost of the loan by factoring in some of the associated fees (e. The. Currency ConverterAnd for many first home buyers, saving for that deposit comes with a lot of sacrifices and dedication which makes it all worth it in the end. To qualify, at least one borrower must be a first-time home buyer. Approximately 33% of first-time homebuyers in 2020 were between the ages of 25 and 34. If you do not have access to the tool or are having difficulties logging on, please email CustomerandBrokerSupport@suncorp. Contact your insurer. This is an extra monthly cost which can be up to 1% of the home purchase price. All information and advice is 100% obligation-free. The Scheme includes three types of Guarantees: First Home Guarantee (FHBG) – supporting eligible home buyers to buy a home sooner, with a deposit as little as 5%. Northern Territory, stamp duty is payable 60 days after settlement. Claims can be lodged online or by phoning the Suncorp home insurance claims department on 13 25 24, available 24 hours a day, any day of the year. Can make lump sum and extra repayments on all loans. Suncorp car insurance provides the choice of 5 levels of cover and is backed by a fast and efficient 24/7 claims service. disclaimer. the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. 1. MenuAusloten a Range of Articles additionally Explainers in Everything starting Home Loans furthermore Deposits, to Home Building Tips and Tricks - Find Out More Now1 Work out what you can afford. This Suncorp-Metway home loan has an interest rate of 6. Unused contribution room can be carried over to the next year, up to a maximum of $8,000. Related Topics. Discover offers for First Home Buyers. Who can apply. When you’re buying your first home, there’s a lot to learn. a. Suncorp offers a range of financial products and services, including personal and home loans, credits cards, savings accounts, commercial and. E verything you need to know about the First Home Owners Grant in your state;. Your borrowing capacity relates to your current financial situation, including your income, financial commitments and regular expenses. $0 for first home buyers, $7000 for others. If successful, your home loan would increase to $465,000, and you’d still have 20 years to repay that amount. on new lending of $150,000 or more. The HDP provides matching funds up to $7,500 for down payment and closing costs for eligible first-time home buyers. Reach Out to a Mortgage Lender. 4. Suncorp Bank has set its five-year standard fixed rate at 6. Get started with Home-in. All properties that received a building code compliance certificate more than 12 months before you apply for a First Home Grant are considered existing properties. As a first home owner, you may be eligible for assistance from the government with buying your home. The nationwide scheme is designed to help first home buyers enter the property market with a deposit as low as 5% without paying Lenders Mortgage Insurance. Only the home concession applies because the value of the residence is over $550,000. One scheme for single parents requires only a 2. Macquarie’s rate reductions, which come into effect from November 11, range from 10 basis points for 1, 2 and 3-year fixed loans to. It doesn’t mean you’ve received final approval for a home loan. Get your credit report. Suncorp’s offers and competitive rates for First Home Buyers could help see you in your own home sooner. Our LMI calculator asks for more information than other calculators you may find online. Whichever it is, it should be a home that you can afford and ticks all the right boxes. a. ($3. 99, a further concession of $3,500 applies. Who comes first, pets or friends?. Suncorp Group on LinkedIn: First Home Buyers Loan Low first home buyer loan rates & offers available to help you unlock that door sooner. Buying a Home. Explore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More NowSuncorp Group Limited is an Australian finance, insurance, and banking corporation based in Brisbane, Queensland, Australia. Repayments should not exceed 30% of pre-tax income - use the repayment calculator as a guide. and a comparison rate of 7. The Suncorp Standard Variable Rate Home Loan offers a 100% offset account, the ability to make additional repayments on your loan and a redraw facility. Banking products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 (“Suncorp Bank”) to approved applicants only. Elements That Have an effect on Your Suncorp Insurance coverage Premium. Not available for the refinance, restructure or switches of home loans within BOQ Group, which includes BOQ, BOQ Specialist, ME Bank and Virgin Money (Australia). BANK OF THE YEAR SUNCORP First home buyers and small business owners benefit from a renewed focus on customer satisfaction 2019-07-04 - Afocus on company culture and customer experience has kept Suncorp on top of its game. Suncorp’s Home Package Plus Special Offer for First Home Buyers allows customers to choose from a Standard Variable rate or a 5 Year Fixed rate of 3. Please note that fees may apply for some methods of payment. We have our Suncorp pre-approval ready and plan to go to an auction for a property in a few weeks' time. Interest Rate. 3 Research your future home. To be eligible for the Home Guarantee Schemes with us, you will need to meet the below prerequisites: - Completed Home Loan Application Form (no reservations to be made without application). and a comparison rate of 6. T&Cs apply. HSBC, Macquarie Bank and Suncorp also recently announced cuts which will take their respective fixed loan rates to new lows, though none of the three lenders will be adjusting variable rates - at least, for now. The KiwiSaver Scheme Rules in Schedule 1 of the KiwiSaver Act 2006 have been amended to allow KiwiSaver members to withdraw their savings to purchase their first home before the agreement is unconditional, provided any payment is made to "a stakeholder". Suncorp *First Home Buyer* Package Plus Fixed 5Yr Back to Basics Better Together Back to Basics Better Together (Inv) Home Package Plus Variable Home Package Plus Variable (Inv) Home Package Plus Fixed Home Package Plus Fixed (Inv) Teachers Mutual Bank *Essential Worker First Home / HGS* Your Way Plus *Essential Worker First Home /. Some covet prime locations and don’t mind buying a subsale, while others are all about the new, high-rise life in the big city. View and compare Suncorp Bank home loan offers. It’s a national scheme, however the grant is funded and administered by each state or territory. Suncorp Executive General Manager Lending, Glenn Haslam, says buying a home can feel overwhelming, however, if people have the right information and support, it can be a straightforward process. 58% p. 09% p. 99, a further concession of $3,500 applies. Suncorp has a loan package called the Deposit Kickstart Home Loan, which allows first-home buyers to get into the real estate market faster without needing a deposit. Contribute tax-free for up to 15 years. There have been several false starts for tax credits and grants to first-time home buyers, including: The Biden $15,000 First-Time Homebuyer Tax Credit:. Typically when a big bank acquires a new subsidiary, it continues to run under. So ultimately, it works in. The Scheme is administered by the Housing Australia on behalf of the Australian Government. Bottom Line. It found the “Bank of Mum and Dad” was among the top 10 lenders in Australia, just behind Suncorp and one place ahead of the Bank of Queensland. ”. Helping you at every step, from pre-approval to shortlisting homes, conveyancing and settling on your new property. Buying Suncorp would instantly add about $60 billion of customer loans to ANZ’s balance sheet, 80 per cent of which would be mortgages, at a time when it’s talking about rebuilding its. You’ll potentially save up to $11,250 over a 30. Your borrowing capacity relates to your current financial situation, including your income, financial commitments and regular expenses. With the Standard First Home Buyer Special Variable Home Loan from Suncorp-Metway you can borrow between $150,000 and $5,000,000, and is available on homes with a loan-to-value ratio under 95%. 49% p. Cheapest home loans; First home buyers; Fixed rate home loans. Low kilometre savings for customers who drive their car less. The. Chat to us today to make sure your home loan has all the features to suit your personal circumstances. If you first purchase or have an existing Suncorp Car or Motorcycle policy, you can get 20% off new Suncorp home insurance. Op · 10 mo. Under My loan details, select Home Package Plus - Standard Variable, or for first home buyers Home Package Plus - Standard Variable - First Home Buyer, in the Product dropdown box. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722) is only liable for the banking and home loan products or services it provides and not the products and services of other companies in the Suncorp Group. You may receive 5% or 10% of your home's purchase price for a down payment. Products and services including banking, home loans and insurance are provided by different entities of the Suncorp Group. Eligible policies are Suncorp Home, Contents, Landlord, Car, Motorcycle, Caravan (including trailer), Motorhome and Boat. Michael Mata. Explore a Range of Articles and Explainers on Everything from Home Loans and Deposits, to Home Building Tips and Tricks - Find Out More NowThe reason why most people inspect a week before is so there is enough time for the current owners (or builders if buying a brand-new home) to make any minor corrections. Our first buyer's guide contains all you need to know about making one of your biggest investments ever. For the first time since 2009 as quoted by Suncorp, the first home buyer home loans have been consistently trending upwards. It doesn’t matter whether you’re a first home buyer or a hundredth home buyer – when you’re applying for a home loan, you want the process to be as smooth as possible. 2 million customers will increase ANZ customer base by 20 per cent. PC is an authorised agent of nib and receives commission from nib. As the first home is valued between $530,000 and $534,999. Buying a home is a big deal with many things to consider, like saving a deposit and getting a home loan. This doubled First Home Owner Grant will come into effect from Monday, 20 November. First Home Buyers 🏢 Nov 2023. First-home buyers are provided the same low rate on a standard variable or five-year fixed loan term. a. - Current Notice of Assessment. - Home Buyer Declaration. The better your credit score, the lower the interest rate you’ll get on your mortgage. Published 05 May, 2017. Our first buyer's guide contains all you need to know about making one of your biggest investments ever. “While first home buyers are showing a willingness to get into the market, the unknowns of the process can sometimes make it daunting,” saysFrom small beginnings as a Queensland agricultural bank, Suncorp has grown to become Australia's sixth largest bank. buyers purchase their first home sooner. You must also move into the property within 12 months from settlement and live there for at least 12 continuous months. Only one grant is payable per eligible transaction, so two. call 1300 889 743 phone GET A. Talk to a home loan expert. Learn more about schemes and grants. $600,000. To be eligible for the Home Guarantee Schemes with us, you will need to meet the below prerequisites: - Completed Home Loan Application Form (no reservations to be made without application). a. Suncorp Group’s Post Suncorp Group 112,933 followers 1y. First Home Loan Deposit. Equity in an existing property (some lenders only). First Home Owners Grant New South Wales. The documentary aired multiple times on Channel 9 and in the first few weeks, Suncorp received enquiries from 13. Headquarters address: Level 23, 80 Ann Street, Brisbane, Queensland 4000, Australia Year established: 1996 Employees (size): 13,000+ Gross written premiums: $10,531. The First Home Owners’ Grant (FHOG) is a one-off payment from the federal or state government of up to $10,000 to put towards a purchase or build of a first property. For example, up until 30 June 2017, the Queensland Government will contribute $15,000 - $20,0000 to help first time buyers buy or build their new house, unit or townhouse (valued at less than $750,000). A valuer will conduct their assessment based on a wide range of criteria, including: location. a. A conventional 97 mortgage is a type of conventional loan that helps first-time home buyers finance a single-family home with a low down payment. The deal will include $47 billion of home loans, $45 billion in deposits and $11 billion in commercial loans. Low first home buyer loan rates & offers available to help you unlock that door sooner. Exclusively for first home buyers, we offer special discounted rates on loans of $150k+. HPP Fixed Rates Special Offers valid 20 October 2023. Data accurate as of 02/11/2023. Buying a Home. At this point, you should know what monthly payment you’re comfortable. Check out the video for Andrew’s answers to some common home buying questions to gain. Queensland, you pay stamp duty within 30 days of settlement. 13. Zoran advises clients to first consider all their options. Some states and territories offer stamp duty reductions or exemptions on stamp duty for some first home buyers; Extra cost considerations. Suncorp Bank’s lending specialists can help you make informed decisions, whether you’re a first home buyer or an experienced property investor. Suncorp Home Package Plus Fixed. 1% year over year. The First Home Owners Grant is a one-off grant that offsets the cost of GST on home ownership for eligible first home buyers. To qualify, at least one borrower must be a first-time home buyer. REUTERS/David Gray. This is the go-to program for many first-time home buyers with lower credit scores. Suncorp announces new offer for first-home buyers. 99. Explore a range of articles and helpful tips to help guide you through the process. Owning a house and starting to pay off a mortgage starts off a new chapter in your adult life. . 55pm. 2. 28-Sep-2020 • Corporate. We’ve broken down the homebuying process. from the Standard 3 Year Fixed Rate (currently 6. Our variable option allows customers to link these accounts as a 100% offset. Suncorp Bank (Suncorp-Metway Ltd ABN 66. For example, if you borrowed $500,000, and your total interest charge was $350,000 over 30 years, then the total amount payable would be $850,000. 03. Suncorp has loans for borrowers with deposits as low as 10% or even 5%, though some of its.