I originally refinanced my ppor with Suncorp early 2015 (current rate 4.24%) The package I get has annual and monthly fees for life of loan Suncorp subsequently offered same package for new customers at 4.15% What are my chances of them dropping me to the 4.15% offer ? I wish they just rolled out these rate drops across the board so annoying
If it's a variable rate, there may not be any breaking fees etc, so it may be worth getting in touch with them and indicating that you're looking at the rates of other lenders and asking yourself "Why should I stay with you, when the others have lower rates?". In an effort to keep your business, they may be willing to consider putting you onto the lower rate. It couldn't hurt to try…...
Banks normally do this to attract "new to bank" client particularly PPOR loans. You are not going to get the discount by simply requesting it. You will need to talk to their discharges team and negotiate your way from there. I would be surprised if they didn't give you 4.15%.
Yeah its variable I called them and got put through to their home loans team They said they will get back to me with an answer inside a week
Quote them the 3.99% rate from ING (especially if your P/I at sub 80%) and get them to lower it. Its pretty standard to have differential pricing for different customers with lenders, depending on time, LVR, loan amount, competitive dynamics, etc.
Happens all the time - it's no different to going into a shop, buying something and then finding out it goes on special a month later. You can ask them to reduce it by sighting another banks offer - I'm not sure whether they'll budge though. Your current rate isn't too bad! Cheers Jamie
Very quick response from Suncorp impressive turnaround with my query They gave me 4.18% instead of the 4.15% ... Not bad 6 basis points better than nothing It pays to whinge I guess lol ;-p
Don't know about that... I tried this tactic with my boss to get a payrise and was duly reminded of where the exit signs are
