I am pretty sure i am atleast on an above average pay. Suncorp declined my pre-approval saying i have another personal loan so not good enough to borrow. The big 4 were more than happy to lend me around 500K mark with the same data. Atleast they should have had the courtesy to say Suncorp cannot lend the loan. Not any other bank. Would never go here anyway for a loan. Plus your interest rates were also higher compared to other bigger banks.
Bad at keeping in touch
I'm really annoyed at Suncorp. We have our finance due in two days. They evaluated the house over a week ago and put it in the process to get our mortgage approved. Only today did they decide to tell us that the contract we put in for a 3 bedroom, 1 bathroom, double lock up and electrical garage with 700 square meters of land was not worth 260,000 (not including our deposit), even though other houses in the area are selling for more than 300, 000 and don't have a downstairs living area and are in the same condition. Did I mention that only mino...r things showed up in the building and pest report?? I don't care if they don't want to approve the house. But taking a whole week to tell us it didn't meet evaluation after it had moved past that process has really screwed us over.
Worst Experience Ever
Similar views to all the other poor people who have experienced terrible customer service. We have had such a terrible and stressful experience too. Multiple delays, no communication, promise of deadlines which they failed to meet...and so on and so on. Basically my 31yr old partner had one grey hair from the date of contract, by the time we settled he had turned fully grey. Wouldn’t wish the stress on anyone. For my first home it’s been a shocking experience.
CONSOLIDATED PROPERTY LOAN DISASTER CREATED BY SUNCORP
A simple straight forward process developed into a huge disaster by Suncorp, please think very carefully before considering Suncorp. We waited a few weeks for Suncorp to get back to us, regarding our consolidated 2 property loan, a very small borrow of $300,000 with plenty of equity in the 2 properties, so we had there Suncorp mobile finance manager, call and see us at home and take all the relevant, confidential information as required, photo's of license, personal banking details, credit card details, and much more, we found him to be profes...sional, friendly, exactly on time, for the 2 meetings we had with him over 4 weeks. So after another 2 plus weeks my wife, asked me to give Suncorp a call to see our there going with our application, and I was informed he no longer works for Suncorp, and had left over 2 weeks ago, I asked where was our application and personal papers, only to be informed she did not know but would get back to me some other time, because she was busy and was going to a meeting. We are on the Gold Coast, so I immediately directed my concern to there Brisbane office, and was assisted by one of there senior sales managers, he was helpful, and eventually got back to us with the bad news, our application personal papers etc, had never been processed, obviously just left in a folder as he walked out the door never to return. The Brisbane sales manager referred us to a young lady at one of there smaller branches, near Broadbeach and it just got worse, she proceeded to tell us, he was hopeless and she had to constantly fix his mistakes, none of which we experienced during his meetings with us, she then said you don't realise how much trouble this has caused us, meaning her and Suncorp and began ranting about how no one in her office ever give her all her messages, we felt very sorry for her. But hey what about our problem, her response, you will have to provide more recent payslips, and we are not proceeding until you fill out a form 23 and open an account, yes we understand you, but in our papers we did sign an account form and provide all the i.d's etc as requested, you have all those details in our folder, don't you ? i'm not sure she said, and what is a form 23 ? she responded, I don't know but you will have to fill one out, I started to think, why do I feel like we must actually owe her money, her attitude was disgraceful. So her update was, he just dumped all his work at his desk nothing processed, she said that's what they usually do, just dump everything and walk out, hmmmm sounds like more than one person has done this. I think we should feel like victims in this sad situation, but somehow I think she would have preferred us to just disappear. We have since been informed that all our papers may not be intact, and she has confirmed copies of Driver license were not there. What a disgrace.
We recently applied for the refinancing with this bank. But, our application has been declined.
They said I have too many credit enquiries. So, I've checked my credit file. My last credit enquiry was made in July 2017. So, I have only one enquiry for last 6 months. I found many people have been declined for same reason.
I don't understand how they assessed. I believe their assessing system is dodgy. Don't try this bank or you will have another credit enquiry unnecessarily.
Complete 'ZERO', for any type of customer service.
Applied for a refinancing with Suncorp in mid October, 2017. Needed to borrow less than 50% of the total value of our home/property. Good income from both of us. Could not complete the refinancing within the 2017 year. In my opinion Suncorp lack the resources to provide great customer service which is truly expected in this financial landscape. My opinion is supported by the shear lack of any communication between the two parties. There 'Oracle' platform has been put on hold. (Read ITNEWS dated 8/8/17) It is clear why the rate currently offered...is the only real interest for potential customers. Ask yourself, when you try to contact their call centres and have to wait 20 minutes for someone to pick up, are you really that brave that you wouldn't bite your lip until it bleeds. When you see the loan manager walking the streets looking for another job and the vacancy for the job listed, you begin to realise that the staff must also be feed up to their eyeballs. Do yourself a favour, everything that glitters is not gold !!!!!!!!
Took out home loan. They did 3 pre approvals and kept changing their minds. Never told us we would need to fund deposit rather than use equity on our existing house and nearly lost out on land purchase. Lost documents a couple of times. Month late at paying builder although draw down document was sent twice to head loan office and branch. They give good rates at beginning then bump it up higher than other banks and when you call them to discuss no suncorp staff member knows how their bank system works. Had to call them an hour ago because ...they said we were in arrears even though we were in advance with our mortgage online Turns out that before builder finished construction, they decided to fix our construction loan a few months ago not advising us and without our approval. Because someone in suncorp fixed it, they were unable to take extra payments out and were charging us an arrears fee. It has been worst year ever due to suncorp staff. My hubby nearly took nervous breakdown over the unskilled staff. As soon as we can we are refinancing.
Poor Treatment of Existing customers
Existing customers are treated worst than new customers the offer of 3.68% variable interest rate on the website is only applicable for new customers. When speak to a member from the lending team she never gave a credible reason and refused to provide anything further and disconnected the call. It's a shame customers with good credit history are treated this way. I've had consistently bad customer service experience all the time and they are failing the shareholders. When you raise a complaint. The complaint process wastes more time and mo...ney for both the customer and the bank with back forward communications - when you can just adjust the rate to the same and be done with it. This is the second complaint with the same thing so I will just send the same responses from 12 months ago.
You've gotta be kidding
Having recently graduated from Uni and now being gainfully employed as a clinical psychologist I submitted a Home Loan application to Suncorp,.I had a 10% deposit but this wasn't deemed to be enough for them.My credit was also clean. After waiting 27 days for a decision I was declined. This morning I got approved by CUA 4 hours later. In my opinion Suncorp are a joke and I wouldn't go near them again. Unprofessional and pathetic and biased against professional young women. SHAME on you. If I could rate with a Zero star I would.
Crappest bank ever
Do not use this bank. 3-4 days stated on their website to receive an ETP to withdraw money to another bank account. Receive an email that then states 5-7 days to receive it, it is now 10 days and we still have not received my wife's. Mine arrived on the seventh day and cannot be used due to some crap online reason.
no-one will attempt to assist you, emails are ansered only after 2-3 days, their customer service is none existent, they shouldn't even be allowed to call it customer service, it should be customer dodging.
We have only been with them for a couple of months with our home loan and we are looking elsewhere.
The only reason I am giving a rating of 1, is because I have to give something, there should be a '0'.
Worst experience ever. I had arranged pre-approval six months prior to settlement and purchased a property based on this pre-approval. One week out from settlement they advised that they had made an error when processing my pre-approval and that I needed to find another 30k or find another bank.
They then advised that the loan couldn't be finalised prior to settlement.
Cannot believe that they would treat anyone this way, let alone their own staff! I will never use them again!
Disgusting Terrible Unprofessional!
My settlement was delayed by a week due to Suncorp having filed my documents under the wrong name and the wrong address. My confidential papers were being sent out to different addresses e.g. The land sale's office.... I felt like everyone received my confidential paperwork except myself! When you ask a query, it seems as though Suncorp is playing Chinese whispers amongst the staff members and your query completely changes OR it disappears from the system. They lose paperwork, they are unprofessional, disorganised. We had to chase up paperwork on their behalf and we will not recommend this bank to anyone else!
I was offered via secure messaging a much lower interest rate. If interested i was to phone the lending team and when i did i was point blankly told they have withdrawn their offer but can offer me a higher rate but still lower than what am on and then before i could say jack they withdrew the offer again i think they offered me 3 interest rates and pulled it from right under me and the worst part was the person doing this didn't have the courtesy of telling me himself but was passing on the message via the operator! I just felt he or she was ...tacky and lacked basic relationship customer service skills. I then have them tell me that my base salary was an x amount and because i work 4x nights which is part time they can't consider extending my loan period or consolidation or refinance inspite of my take home salary being a substantial amount due to penalty rates and salary sacrifice benefits. I just felt this person who gave me the rundown or crap was just a crapper and full of lie because everytime i applied for any loan or was approached by any lender they always considered take home pay before and after tax so the crap i was given by this person re considering base salary was their way of misleading me or so i felt....i hope soon this bank is dissolved and made obsolete as they are untrustworthy unhelpful and revert blame on you the customer ...i am glad i will be taking my business to another bank soon...
Rubbish...Gross Ineptitude and lack of any customer service
I'm still waiting for my mortgage documents... settlement supposed to be in 7 days...but looking like this isn't going to happen.
They have lied, misled my broker, failed to do what they said they were going to do...its been a nightmare. My broker has stated he has others in the same situation and will never use them again.
It took them 4 weeks to pick up a pre-approved file...to only then decide they needed to order a valuation (mind you we were now in the Christmas break) therefore took 2 weeks for the valuation to happen and there's still...
Rubbish Rubbish Rubbish
I would give them NO starts if I could. Financing an investment property with Suncorp, because I went through a broker they would not not speak to me. I called numerous times and every time Its the same answer, "Sorry we can't help you!". Couple of times they hung up on me or the line cut out but, no one called me back.
A day and a half from settlement, they asked for a bank cheque for the deposit. The deposit is sitting in a Suncorp account but they wouldn't use that. I had to use a bank cheque, because that was their policy. I had to leave...work and drive 45 minutes to the nearest branch to get it sorted. Then they charged me $8 for the transaction!!! They didn't even tell me that it will cost me, I found out through my bank statement! The stress and and pain they will cause you is not worth it. They are difficult to deal with, and unprofessional. I will be running away from them as soon as I can. Buying a home or an investment property should be a great experience and fun. They managed to cause me stress, anxiety and roughen the experience for me. I’m praying they don’t mess the settlement. I will never ever recommend them to anyone, not even my enemy. Run for your life. I thought I was doing the right thing by not going with the 4 big banks. Boy was I wrong!!!
Don't even think about dealing with this bank
After having a home loan with suncorp we decided on using our equity to purchase an investment property. We were told they weren't going to let us use our equity instead they were going to let us have a seperate second loan for the investment. After being pre- approved under certain conditions which we met in full they decided to reneg on the loan 3 days out from settlement. We were then left to find another lender which meant we had to extend settlement and this cost us 2.5k out of our own pocket. They then had the hid to ask us if we wanted t...o use our equity again to fund the loan. We have since switched banks. Please what ever you do please reconsider using this bank and if they pre approve a home loan be wary. A pre approval does not mean fully approved.
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