Suncorp mortgage customers are being warned that their minimum monthly repayments could rise by hundreds of dollars, or in some cases more than $1,000, as their loans are transferred to ANZ Bank, because the two banks calculate minimum repayments differently. Suncorp emailed customers on October 13 advising that borrowers with extra payments or funds in redraw may see their minimum repayment increase when the changeover occurs in June next year.
company
Suncorp
Australian banking and insurance company