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Non-major bank waives annual fees By Annie Kane 18 May 2021
A non-major bank has announced that it is waiving the annual fee for new home loans for purchases and refinances under Home Package Plus, and first home buyers.
Suncorp Bank has announced that it will no longer charge annual fees on certain mortgage applications.
The bank has estimated that the move will save potential and current Suncorp borrowers $375 a year, or up to $11,250 over 30 years.
Previously, the annual fee waiver was only available for refinancing customers, but this has now been extended to new home loans for purchases, refinances and first home buyers, effective as of last Friday (14 May).