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Our low rate, low fee home loan

Variable Rate

A rate that is variable and is subject to change over the loan term.

Comparison Rate

A comparison rate is a rate that indicates the true cost of a loan. This rate incorporates certain fees and charges that are applicable for the chosen product. 

Discounted Back to Basics Variable Rate with Better Together Special Offer. Owner Occupied. New to bank lending >= $150,000. Maximum LVR 80%. Principal and Interest Repayment.

Why choose a Back to Basics Home Loan?

Low variable interest rate

Low fees

No monthly account keeping fee, no ongoing annual fee and no loan establishment fee on new lending of $150,000 or more.

Flexible options

Unlimited additional repayments. Redraw additional repayments as cashback. Interest only repayment option subject to credit approval.

What could my repayments be?

Property purpose

Choose your interest only term what's this?

Weekly and Fortnightly are not available for Interest Only

We offer only variable rate for 4 year

Interest rate what's this?

Interest rate

Interest rate what's this?

what's this? Your estimated repayments are ... ^

Weekly repayments are an approximation, when comparing repayment amounts it’s more accurate to use a monthly frequency

Fortnightly repayments are an approximation, when comparing repayment amounts it’s more accurate to use a monthly frequency

... Rate:

...%

...%

Loan amount: 

$...

Total interest paid: 

$...

Estimated repayments at end of fixed rate period:

$...

Estimated repayments at end of interest only period

$...

Estimated repayments at end of fixed rate, interest only period:

$...

View a yearly breakdown of repayments

Disclaimer

Back to Basics Home Loan

Key features:

  • No loan establishment fee on new loans over $150,000, no monthly account keeping fee and no annual fee.
  • Make unlimited additional repayments anytime.
  • Redraw available

What's next?

Talk with a home loan expert
More about this loan

Generate a key facts sheet

Standard Variable Home Loan

Key features:

  • No monthly account keeping, loan establishment & mortgage offset fee as part of Home Package Plus.
  • Optional 100% Home Loan Offset facility.
  • Make unlimited additional repayments anytime.
  • Receive one free online redraw per calendar month.

What's next?

Talk with a home loan expert
More about this loan

Generate a key facts sheet

Fixed Rate Home Loan

Key features:

  • No monthly account keeping & loan establishment fee as part of Home Package Plus.
  • Option to lock in a rate at time of application.
  • Make additional repayments up to $500/month without penalty.

What's next?

Talk with a home loan expert
More about this loan

Generate a key facts sheet

Access Equity Home Loan

Key features:

  • No monthly account keeping & establishment fee as part of Home Package Plus.
  • Interest is only paid on the amount drawn.
  • Make deposits anytime. 
  • Withdraw funds up to your approved credit limit when you need it.

What's next?

Talk with a home loan expert
More about this loan

Generate a key facts sheet

Back to Basics Home Loan

Key features:

  • No loan establishment fee on new loans over $150,000, no monthly account keeping fee and no annual fee.
  • Make unlimited additional repayments anytime.
  • Redraw available.

What's next?

Talk with a home loan expert
More about this loan

Generate a key facts sheet

Standard Variable Home Loan

Key features:

  • $10 monthly account keeping fee.
  • One-off loan establishment and offset fee.
  • Optional 100% Home Loan Offset facility.
  • Make unlimited additional repayments anytime.
  • Receive one free online redraw per calendar month.

What's next?

Talk with a home loan expert
More about this loan

Generate a key facts sheet

Fixed Rate Home Loan

Key features:

  • $10 monthly account keeping fee.
  • One-off loan establishment fee.
  • Option to lock in rate at time of application.
  • Make additional repayments up to $500/month without penalty.

What's next?

Talk with a home loan expert
More about this loan

Generate a key facts sheet

Access Equity Home Loan

Key features:

  • $10 monthly account keeping fee.
  • One-off loan establishment fee.
  • Interest is only paid on the amount drawn.
  • Make deposits anytime. 
  • Withdraw funds up to your approved credit limit when you need it.

What's next?

Talk with a home loan expert
More about this loan

Generate a key facts sheet

We offer a range of home loan options to best suit your situation

Back to Basics Home Loan
A low variable rate home loan with no ongoing account keeping fees

Standard Variable Home Loan
A low variable rate home loan with optional 100% mortgage offset capability

Fixed Rate Home Loan
Our Fixed Rate Home Loans provide the certainty of fixed repayments over a set term.

Compare our home loan options

Sorry, an error occured while retrieving your repayments amount.

Please contact Suncorp on 13 11 55 or try again later

The effective date of any interest rates is 5 March 2021 unless shown otherwise within interest rate terms and conditions.

Better Together Special Offer

Link your Back to Basics Variable home loan of $150,000 or more with an Everyday Options Account and enjoy a discounted rate and other savings.

What you get

  • Discounted interest rate of your Back to Basics Variable home loan
  • Get a discount of up to 20% off your first premium on a new Suncorp Home, Landlord and/or Contents insurance policy1

Find out more

Cleaner energy.
A brighter future.

Cleaner energy.
A brighter future.

$3,000 Solar Home Bonus!

At Suncorp Bank, we want to reward your commitment to a brighter future.

Through to 31/12/21, when you apply for a new home loan of $500K+ (LVR <= 90%) for a property fitted with a solar power system, you may be eligible to receive our $3,000 Solar Home Bonus.

View complete eligibility requirements, terms and conditions.^

Get started online

Cartoon house with solar panels

Already a Suncorp Bank home loan customer? Learn about our $500 Solar Home Bonus.

Applying is simple, get started online

Number 1

Apply Online

Once your investment loan has been submitted online, you will hear from your dedicated lender within 24 hours or the next business day to confirm the details provided and answer any questions you may have.

Apply now

Number 2

Indicative Approval

You can get pre-approval within 1 business day, providing everything in your online application checks out and there is nothing further to review. Alternatively, your lender may contact you for more information so we can progress you to the next stage. It is obligation-free and you can apply online more than once.

Number 3

Valuation & Verification

We will ensure everything is correct in your investment loan application and do a valuation of the investment property if applicable or required (which can vary depending on individual circumstances). Conditional approval can be issued while the valuation is in process.

Number 4

Final Approval

Providing steps 1 to 3 are successful, you can get final approval on your investment loan in about 1 week! You will hear from your lender and they will guide you through to Settlement.

Normal waiting periods may be impacted due to COVID19, however, we will always aim to get back to you as soon as possible.

Fees

Account keeping fee

$0

Loan establishment fee

$0 for borrowings >= $150,000
$600 for borrowings <$150,000 < 90% LVR
$990 for borrowings < $150,000 >= 90% LVR

Lenders Mortgage Insurance (LMI)

If you are borrowing more than 80% of the value of the property, you will be required to pay Lenders Mortgage Insurance. This is a one-off payment and can be financed into the loan.

Lenders Mortgage Insurance protects Suncorp Bank against loss in the event of a forced sale of a mortgage property. It does not insure you but may make it possible for you to buy a home with a smaller deposit. You will still be responsible for all amounts owing in relation to your loan.

Lender’s Mortgage Insurance (“LMI”)

Amount and costs determined at application on loans > 80% LVR

Frequently Asked Questions

Make your next move with confidence

What can I expect?

Whether you want to get pre-approval, a new loan or refinance your existing loan with Suncorp, you can apply quickly online. Your dedicated lender will review your application and reach out to you in the next business day to discuss your options and answer any questions you have.

Save time, get started online

Are you buying a home or looking to refinance?
You can apply online in around 10 minutes.

What can I expect?

100% obligation free advice

Our experienced home lending team are happy to answer all your questions.
They'll call you within 24 hours to discuss your home lending needs.

If you’d like to speak to someone straightaway, please call 13 11 55 Mon-Fri 8am-6pm (AEST)

# COMPARISON RATE WARNING:
Each comparison rate is based on $150,000 over 25 years. These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates for Interest Only Fixed Rate home loans are based on an initial Interest Only period equal in length to the fixed rate period. Comparison rates for Interest Only Variable home loans are based on an initial 5 year Interest Only period.

*Discounted rate is only available for new Personal/Owner Occupied loans taken out as part of the Better Together Special Offer >= $150,000 and borrowings <= 80% of the security property value (LVR) inclusive of lenders mortgage insurance (if applicable), with Principal and Interest repayments and who hold a Suncorp Bank transaction account. The discounted rate (currently 2.44% p.a.) is calculated by subtracting a discount of 1.96% from the Standard Back to Basics Variable Rate (currently 4.40% p.a.). The discounted rate is available on eligible loans applied for from 31 August 2021. Rates and discounts are subject to change and may be varied if the loan purpose or repayment type is changed or where the borrower fails to hold a Suncorp Bank transaction account. Pre-approvals excluded.

1. Offers not available online & only available with Better Together Offer on relevant property. Up to 20% discount applies to any new Suncorp Home or Home & Contents or Landlord insurance policy. The discounts are off our usual premium. If you are eligible for more than one discount on a particular policy we apply each in a predetermined order to the already discounted premium. Taxes and charges are usually added after discounts are applied. Minimum premiums may apply. Offer available for new policies only and not on current or subsequent renewals. Insurance issued by AAI Limited ABN 48 005 297 807 trading as Suncorp Insurance. Conditions and exclusions apply. Please read the relevant Product Disclosure Statement before you make any decisions regarding these products. Contact us for a copy.

^ Solar Home Bonus Eligibility, Terms and Conditions

The $3,000 Solar Home Bonus Offer is only available when you apply by 31 December 2021, are approved and settle by 31 March 2022 on an eligible home loan with Suncorp Bank meeting the following criteria (1) Forms part of new lending of at least $500,000; (2) Loan to Value Ratio, including Lenders Mortgage Insurance where applicable, is less than or equal to 90%; (3) a Suncorp Bank transaction account is held in the name of all Borrower/s; (4) the security property is either a detached house or townhouse; and (5) has an eligible solar power system installed at the security property and acceptable evidence is provided to Suncorp Bank upon request.

Exclusions: 1. Loans for apartments, units and commercial properties. 2. Non personal borrowers. 3. Pre-approvals, or refinances of existing Suncorp Bank home loans.

A limit of 1 payment will be made to a Borrower per application. This offer cannot be used in conjunction with any other Suncorp Bank cash offer.

If you are eligible, a payment of $3,000 will be credited to a Suncorp Bank transaction account in the name of the Borrower/s, within 60 days of the settlement date of your eligible loan.

An eligible solar power system is one which has a Certificate of Testing and Compliance from a Clean Energy Council Accredited Installer or by a current Solar Metering Service Charge and Feed-in Tariff from an authorised retail electricity provider. Satisfactory evidence will need to be provided at the time of application. We reserve our right to accept applications for solar power systems where other satisfactory evidence, to be determined at the Bank’s sole discretion, is received.

Suncorp Bank reserves the right to vary offers at any time.

Banking products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 (“Suncorp Bank”) to approved applicants only. Please read the relevant Product Information Document, Lending Fees and Charges and Home Package Plus Terms and Conditions before making a decision regarding any Suncorp Bank products. Fees, charges, terms and conditions apply and are available on request or on our Product Information Documents and Forms page.

Lenders Mortgage Insurance (LMI)

If you are borrowing more than 80% of the value of the property, you will be required to pay Lenders Mortgage Insurance. This is a one-off payment and can be financed into the loan.

Lenders Mortgage Insurance protects Suncorp Bank against loss in the event of a forced sale of a mortgage property. It does not insure you but may make it possible for you to buy a home with a smaller deposit. You will still be responsible for all amounts owing in relation to your loan.

Interest-only

Interest only repayments subject to credit approval. Before choosing an interest-only repayment option, it’s important you understand the potential risks associated with this product feature. As the name suggests, interest-only repayments means you’ll repay the interest charges but you are not required to repay the principal during the interest-only period. Since repayments to reduce the principal are not being made during the interest-only period, the full loan amount will still be due at the end of the interest-only period. You will pay more in interest than if you made principal and interest repayments.

Split your loan

You can choose to split your loan and fix a portion of your borrowings at a fixed interest rate for greater budgeting certainty. At expiry all fixed rate loans revert to the Standard Variable rate and may differ to the the Back to Basics variable rate

Add Loan

Allows you to increase the value of your existing home loan, useful for purposes like renovations subject to credit criteria

Fixed Rate

Lock in your interest rate and repayment amount

Variable Rate

A rate that is variable and is subject to change over the loan term.

Comparison Rate

A comparison rate is a rate that indicates the true cost of a loan. This rate incorporates certain fees and charges that are applicable for the chosen product. 

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