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As banks around Australia continue to reduce their fixed home loan rates this week, one second tier bank lender has reaffirmed its position in the mortgage market with fixed interest rates that are amongst the lowest on offer.
Suncorp Bank's rates on its one, two and three-year fixed rate loans currently range from 5.74% for a 12 month term to 5.57% for a 36 month term.
Executive manager for personal lending, Tony Meredith, said fixed interest rates were lower than they had been for a long time.
"Ongoing international market volatility and the flow-on effects for consumers in Australia, combined with fluctuations in petrol prices and the cost of living, have left many craving certainty around their household budget, of which home loan repayments often make up the largest proportion," he said.
He said Suncorp is in the "best position" to provide Aussies with an alternative to the majors.
Suncorp was in the news earlier in the year when it announced an initiative to bring all broker roles back under one specialist intermediary division, under the leadership of Steven Heavey.
Speaking to the MortgageMix, the GM for intermediaries said the move was an acknowledgement that Suncorp understood its brokers.
He said it will deliver a stronger broker business.
Heavey revives Suncorp's dedicated broker model - Steven Heavey has announced an initiative that signals Suncorp Bank's reemergence as a specific broker business.
More from 'new' Suncorp, as it aims for higher honours - Hot on the heels of the welcome changes Suncorp has made to its commission structure, the bank has now stated publicly its goal to be the number one alternative to the majors.
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