Suncorp launches refinance cashback offer to support the frontline

Suncorp Bank has launched a home loan refinance cashback offer of up to $4,000 for health, education and emergency services workers with eligible home loans.

This announcement comes as Suncorp Bank launches a market-wide refinance cashback offer of up to $3,000 cashback for any mortgage customer looking to switch to Suncorp.

Suncorp Executive General Manager Lending Glenn Haslam said the Bank wants to thank our health, education and emergency services workers who are putting themselves on the frontline every day to help Australians during this pandemic.

“As many Australians manage the financial strain of coronavirus, this offer will support households by putting cash in the pockets of Australian homeowners,” said Mr Haslam.

“We understand that customers want the choice – to use this extra cash to help with the household budget or to own their home sooner.

“If you haven’t reviewed your home loan for a while, you could be missing out on big savings, especially in this current low rate environment, so contact your local Suncorp branch or your broker or apply online.”

The tiered offer is available on owner occupied and investor loans where repayments are either principal and interest or interest only. The offer is available now for new refinancers who apply before 10 July 2020 and settle by 10 November 2020.

The new refinance offer is just one of the ways Suncorp is supporting customers throughout COVID-19, with a number of financial assistance measures available to those in hardship including loan rearranging with no establishment fees, $0 account keeping fees for all deposit customers and reduced variable and fixed home loan interest rates.