Our Rates and Fees
Our aim is to be the best option if you don’t have a ‘full’ deposit
Our products are designed for borrowers looking for an 85-98% LVR home loan.
Our products give you the flexibility to balance between upfront fees and interest rate to make the most of your circumstances.
Whatever your choice, all our products are designed to provide better value than loans with Lenders Mortgage Insurance (LMI).
Our Products
Our loans are only available for borrowers who would otherwise require LMI.
Not suitable for those eligible for Federal First Home Guarantee or LMI waivers.
Based on Loan LVR of 90%
Ultra Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable Rates From
Variable | P&I | Owner Occupier
6.30% p.a.
Effective Interest Rate*
6.50% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
We’ll beat LMI (See our promise)
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments -
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Low Rate
The best of both worlds - low upfront costs and a competitive rate
Variable Rates From
Variable | P&I | Owner Occupier
6.71% p.a.
Effective Interest Rate*
6.86% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
60-70% of the Ultra Low Rate fee
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments -
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Low Fee
Our lowest upfront fee. If you’ve got a strong income, a great option to make the most of a smaller deposit
Variable Rates From
Variable | P&I | Owner Occupier
7.41% p.a.
Effective Interest Rate*
7.48% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
$0
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments -
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Ultra Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable Rates From
Variable | P&I | Owner Occupier
6.30% p.a.
Effective Interest Rate*
6.58% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
We’ll beat LMI (See our promise)
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments -
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Low Rate
The best of both worlds - low upfront costs and a competitive rate
Variable Rates From
Variable | P&I | Owner Occupier
6.87% p.a.
Effective Interest Rate*
7.08% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
60-70% of the Ultra Low Rate fee
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments -
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Low Fee
Our lowest upfront fee. If you’ve got a strong income, a great option to make the most of a smaller deposit
Variable Rates From
Variable | P&I | Owner Occupier
7.86% p.a.
Effective Interest Rate*
7.93% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
$0
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments -
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Ultra Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable Rates From
Variable | P&I | Owner Occupier
6.30% p.a.
Effective Interest Rate*
6.63% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
We’ll beat LMI (See our promise)
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments -
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Low Rate
The best of both worlds - low upfront costs and a competitive rate
Variable Rates From
Variable | P&I | Owner Occupier
6.97% p.a.
Effective Interest Rate*
7.21% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
60-70% of the Ultra Low Rate fee
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments -
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Low Fee
Our lowest upfront fee. If you’ve got a strong income, a great option to make the most of a smaller deposit
Variable Rates From
Variable | P&I | Owner Occupier
6.30% p.a.
Effective Interest Rate*
6.30% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
$0
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments -
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
*For purchases up to $2.5m with a Sucasa Primary and Accelerator Variable Home Loan. Higher rates may apply for property prices above $2.5m.
Why do we charge a Rate Reduction Fee?
The purpose of our products is to lower the cost of ownership for aspiring homeowners. When choosing a low-deposit home loan, customers are often balancing the interest rate and upfront cost (finding the right product based on your income and expenses, and also the deposit you’ve saved).
We seek to cover this spectrum by varying both the Interest Rate and Rate Reduction Fee across our products. By charging the Rate Reduction Fee, we’re able to reduce the interest rate on our Low Rate and Ultra Low-Rate products.
Why do we split our loans?
All our loans are split between a larger Primary Loan (0-80% LVR) and a smaller Accelerator Loan for the remainder.
Splitting our loans empowers our customers. On our Low Rate and Low Fee products, the Accelerator Loan interest rate is higher than the Primary Loan. Splitting our loans allows you to repay the Accelerator Loan off faster, and bring down your effective interest rate in the process!
Splitting our loans empowers our customers. On our Low Rate and Low Fee products, the Accelerator Loan interest rate is higher than the Primary Loan. Splitting our loans allows you to repay the Accelerator Loan off faster, and bring down your effective interest rate in the process!
We believe this is better than a single rate loan, where regardless of the repayments you make, you’re stuck on a higher rate until you refinance.
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Low Rates - Up to 98% LVR
A head turning rate that helps you get into your home sooner.
Ultra Low Rate - Variable
P&I - LIVE-IN - RATES STARTING FROM:
6.30% p.a.
Interest Rate*
Comparison rate**
6.63% p.a.
Low Deposit borrow up to 98% LVR
Lower Upfront Costs than LMI
No income or price limits we’re not a government scheme
No equity sharing keep all your capital gains
No need to burden Mum and Dad no guarantors required
Unlimited pre-payments pay down your loan faster
Free online redraw on any additional repayments for primary loan
*For purchases up to $2.5m with a Sucasa Primary and Ultra Low-Rate Accelerator Variable Home Loan. Higher rates may apply for property prices above $2.5m. Upfront costs apply in addition to the interest rate.
We’ve minimised those pesky fees!
We work hard to make sure you keep more in your pocket
Industry standard
Application fee
$0
Monthly fee
$0
Annual fee
$0
Online redraw fee
$0
Valuation fee
Passed on at cost
Settlement fee
Passed on at cost
Exit / discharge fee
$795
Application fee
Up to $600
Monthly fee
Up to $15
Annual fee
Up to $400
Online redraw fee
Up to $50 per redraw
Valuation fee
Up to $350
Settlement fee
Up to $650
Exit / discharge fee
$795
Government and third-party fees
Unavoidable, unfortunately.
Government refinance costs
These vary by state, but include title registration, discharge of mortgage, and title search fees.
Around $140 - $300
Government refinance costs
These vary by state, but include title registration, discharge of mortgage, and title search fees.
Dependent on your property value and which state you're in, but can be thousands.
Industry standard
Rate Reduction Fee (Varies based on Product)
Lenders Mortgage Insurance (LMI)
Starting from $0 -> Less than cost of LMI
(See Our Promise)
(See Our Promise)
Application fee
Up to $600
$0
Monthly fee
Up to $15
$0
Annual fee
Up to $400
$0
Online redraw fee
Up to $50 per redraw
$0
Valuation fee
Up to $500
$395
Settlement fee
Up to $900
$395
Exit / discharge fee
$795
$795
Government and third-party fees
Unavoidable, unfortunately.
Government refinance costs
These vary by state, but include title registration, discharge of mortgage, and title search fees.
Around $140 - $300
Government refinance costs
These vary by state, but include title registration, discharge of mortgage, and title search fees.
Dependent on your property value and which state you're in.
If you find a lower LMI offer, we’ll beat LMI by at least $1,000*
* Applies to a comparable 85-98% LVR variable owner occupier home loan of the same size with a comparable interest rate to the product being compared. Excludes options where LMI is being waived or paid by a lender.
Start yout application
What are the benefits of having two loans?
By splitting your home purchase into two loans, this means that:
01
You don’t need to pay expensive LMI
04
You can borrow up to 100% LVR
02
You can repay your Accelerator Loan (the more expensive one) faster with no additional charges
05
You can easily refinance with Sucasa as soon as you have built enough equity in your home
03
The more you contribute to your purchase, the lower your effective interest rate
06
Any additional prepayments you make, will directly reduce your effective interest rate
Loan Eligibility
Loan Type
Owner Occupier
You're buying a home to live in
Loan to Value Ratio
Up to 100%
No LMI Required
Loan Type
While you won’t require a deposit for the home, you’ll need 5% of the property value in genuine savings (from your own income or earnings), and, if Stamp Duty is more than this, enough total funds (regardless of source) to cover all your Stamp Duty
Property Location
Sydney or Melbourne
Property Size
Properties must be at least 50m²
excluding balconies and car space
About You
You are a professional and have a steady income.
You are an Australian Citizen or Permanent Resident living in Australia.
You are an Australian Tax Resident
Start Your Application
What You Need to Apply
In order for you to apply for a Sucasa loan, you’ll need to make sure you have:
Two forms of ID
Driver’s licence, Australian Passport or Medicare card
Personal Financial Information
Information about your employment, income, assets and liabilities.
Calculate Your Loan Estimate
Sucasa Loans Pty Ltd ACN 106 968 370 Australian Credit Licence 443249. Australian Financial Complaints Association (AFCA) 93243. Copyright Sucasa Finance Pty Ltd.
**Comparison rates: All comparison rate examples shown are for a loan amount of $150k and a term of 25 years at a 98% LVR. WARNING: Sucasa’s rates currently vary based on the value of a property. Comparison rates apply only to the example or examples given and may not include all fees and charges. Different loan amounts and terms will result in different comparison rates. The actual rate offered may be higher or lower than the comparison example above.
This information is general in nature and has been prepared without taking your objectives, needs and overall financial situation into account. You must consider whether a Sucasa Loan is appropriate for your circumstances and needs. If necessary, seek your own professional advice. Credit criteria, fees, charges, terms and conditions apply. Information correct as at 30th November 2023.
**Comparison rates: All comparison rate examples shown are for a loan amount of $150k and a term of 25 years at a 98% LVR. WARNING: Sucasa’s rates currently vary based on the value of a property. Comparison rates apply only to the example or examples given and may not include all fees and charges. Different loan amounts and terms will result in different comparison rates. The actual rate offered may be higher or lower than the comparison example above.
This information is general in nature and has been prepared without taking your objectives, needs and overall financial situation into account. You must consider whether a Sucasa Loan is appropriate for your circumstances and needs. If necessary, seek your own professional advice. Credit criteria, fees, charges, terms and conditions apply. Information correct as at 30th November 2023.
