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Compare Home Loans

Understanding what each home loan can do for you is important, and often easiest to see when the options are presented side by side.

See how our Home Loans size up.

Standard Variable

Back to Basics

Fixed Rate

Features

Eligible for
Home Package Plus

Find out more

Interest Type

Variable

Basic Variable

Fixed for a period
1,2,3 or 5 Year Fixed Terms

Ability to 'split'1

Not during the fixed rate term

Redraw facility Cashback2

Not during the fixed rate term

Optional 100% Mortgage Offset3

Not during the fixed rate term

Add Loan facility4

Not during the fixed rate term

Building construction or renovations

Only where progress payments are not required

Repayments

Frequency

Weekly, fortnightly or monthly

Weekly, fortnightly or monthly

During the fixed rate period monthly repayments are recommended. A choice of weekly or fortnightly repayments are available but may result in an Early Payment Interest Adjustment (EPIA). Find out more about EPIA (PDF, 182KB).

During the variable rate period, repayments can be made weekly, monthly or fortnightly.

Interest Only option5

Yes; monthly in arrears

Yes; monthly in arrears

Yes; monthly in arrears

Ability to make lump sum or extra repayments6

During the fixed rate period make additional repayments of up to $500 per month without penalty

Fees

Home Package Plus
Annual Fee

$375

LIMITED TIME OFFER. Suncorp Bank will reimburse this annual fee for the life of the loan on an eligible new home loan package of ≥$150K. That’s a savings of up to $11,250.7

N/A

$375

LIMITED TIME OFFER. Suncorp Bank will reimburse this annual fee for the life of the loan on an eligible new home loan package of ≥$150K. That’s a savings of up to $11,250.7

Loan Establishment Fee

$600 for loans <90% LVR

$990 for loans >= 90% LVR

$0 where loan included in Home Package Plus

Nil for loans >= $150,000

$600 for loans < $150k <90% LVR

$990 for loans < $150k >= 90% LVR

$600 for loans <90% LVR

$990 for loans >= 90% LVR

$0 where loan included in Home Package Plus

Account Keeping Fee

$10 per month

$0 where loan included in Home Package Plus

Nil

$10 per month

$0 where loan included in Home Package Plus

Lenders Mortgage Insurance

Amount determined at application on loans > 80% LVR

Amount determined at application on loans > 80% LVR

Amount determined at application on loans > 80% LVR

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?

Request a call back

We'll call you within 24hrs (or the next business day) to answer questions and discuss your home lending needs.

Speak to us today

Our expert lenders are here to help from
Mon-Fri 8am-7pm, Sat-Sun 9am-5pm (AEST).

1. Choose to split your lending across multiple home loan products. A minimum amount of $10,000 is required for a split loan.

2. You need to apply for Cashback, which may be available subject to conditions specified in the contract. Please read these conditions carefully. Available Cashback may exclude any recent cheque, direct debit or pay at post payments and external transfers cannot be performed using online Cashback. Fixed Rate home loans are excluded from Cashback.

3. A Mortgage Offset facility can be established by linking your Everyday Options account to the loan account and having it in offset mode. A Mortgage Offset Fee may apply to link the 100% Home Loan Offset facility to your home loan, which is waivered under the Home Package Plus. The Mortgage Offset fee is charged to your linked loan account.

4. An Additional Loan is available (subject to satisfying our credit requirements) and fees and conditions may apply.

5. A maximum period of five years interest only repayments applies and is subject to you satisfying applicable Bank criteria.
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.

6. For Fixed Rate Home Loans, an Early Payment Interest Adjustment (EPIA) applies if more than the prepayment allowance (currently $500.00 per month) is paid in excess of the agreed monthly repayment. The EPIA also applies if the loan is repaid in full or the agreed fixed rate period is broken for any reason. EPIA applies to the whole amount prepaid. Find out more information on EPIA or ask in branch for our EPIA brochure.

7. $375 annual package fee will be charged and refunded while the package is active. Savings based on 30-year loan term. Offer subject to change 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 the 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.

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