Suncorp Bank recently announced their mission to reward customers who have solar panels as part of their commitment to supporting clients who are proactive in minimizing their environmental impact. Maybe you could qualify.

Both new and existing home loan customers who have a solar power system or will have one installed in their home by the end of 2021 may be eligible to receive a cash bonus.

New customers may qualify to receive a $3000 bonus when solar panels are installed on their house or townhouse when they take a loan out of $500,000 or more.

For existing customers with no new lending, a $550 bonus may also be applicable with solar panels installed on their house or townhouse.

The Eligibility Requirements for new customers include:

• Application received by the closing date 31 December 2021 and settle by 31 March 2022.
• New home lending of at least $500,000.
• Investment and owner-occupied loans;
• Principal & interest or interest only repayments;
• Maximum LVR 90% (including Lenders Mortgage Insurance where applicable);
• All home loan products: Home Package Plus Standard Variable, Fixed Rate and Back to Basics Variable;
• A Suncorp Bank transaction account is held in the name of the borrower/s;
• The security property is either a detached house or townhouse; and
• Has an eligible solar power system installed at the security property and acceptable evidence is provided.

If you are not likely to have solar panels on your home by the end of the year, not to worry, you still may qualify for a $3000 refinance rebate and enjoy some great rates and products, particularly if you want to keep your business away from the Big Four. (The solar bonus and refinance rebate cannot be claimed together )

For more information about qualifying for this initiative or for any other home loan related queries, contact the team at Blackburne Mortgage Broking. Banks are as keen as ever to win your business and this is just one of many incentives available to help you kick some home loan goals.