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Dream rates for your dream home
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.
Your own home loan specialist
With Suncorp Bank, you'll have one point of contact every step of the way.
View all home loan interest rates or compare loan types
Save up to $11,250!**
Pay no annual fee for the life of the loan if you take out a new Home Package Plus home loan of $150K+.
That's a saving of $11,250 over a 30 year loan.**
Available with eligible new home loan package ≥$150K
Don’t have a 20% deposit?
We’ve got great rates, even if you don’t have a great big deposit.
Exclusively for first home buyers, we offer special discounted rates on loans of $150k+.
You can apply with a deposit as low as 5% (excluding costs). Talk to a lender to learn more.
Keep in mind, when borrowing more than 80% of the value of a property (banks call this an 80% Loan-to-Value ratio, or LVR), you’ll have to pay Lenders Mortgage Insurance, or LMI.
LMI is a one-off cost that protects the bank in the event you’re unable to pay your mortgage. It’s added on to your mortgage and you pay it off with the rest of your mortgage over time.
Deposit Kick Start and First Home Owner’s Grants
Talk to a Suncorp home loan expert about our Deposit Kick Start option. You may be able to use the equity in the home of a family member towards the purchase of your new owner-occupied home (this isn’t available for investment properties). With Deposit Kick Start, you can avoid paying Lenders Mortgage Insurance without needing a 20% deposit.
Another great way to boost your deposit can be a First Home Owner’s Grant. A Suncorp Bank lender can help you find out if you’re eligible and even process your grant application with your Suncorp Bank Home Loan. Talk to a lender to learn more.
How soon are you looking to buy?
Less than 10 minutes to apply!
Apply Online
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.
Pre-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.
Valuation and Verification
We will ensure everything is correct and do a valuation if required (which can vary depending on individual circumstances). Conditional approval can be issued while the valuation is in process.
Final Approval
Providing steps 1 to 3 are successful, you can get final approval in about 1 week! You will hear from your lender and they will guide you through to Settlement.
Get some quick answers
Approved applicants may borrow money for many purposes including:
- to buy a residential property that’s owner occupied
- to buy a residential investment property
- to construct a new residential property
- to refinance an existing mortgage on a residential property
- to refinance an existing mortgage on a residential property and consolidate other debts
Where applicants already have a property:
- for investment purposes (other than property) where you provide enough equity in property as security.
- to increase or top up a Suncorp Bank home loan to fund another purpose. Example: buying a motor vehicle, undertaking renovations or consolidating your debts.
Note: For any Suncorp Bank home loan, residential property must be offered as security. Lending and credit criteria apply.
Depending on the purpose and size of your loan, Suncorp may provide finance of up to 95% of your property value. This amount includes Lenders Mortgage Insurance (LMI) if applicable, possible bank fees and some government fees.
In the event you are borrowing more than 80% of the value of a property from a Suncorp Bank, you will have to pay what’s called Lenders Mortgage Insurance (LMI). LMI is a cost that protects the bank in the event you are unable to pay your mortgage.
LMI is not a premium you have to pay upfront nor pay every year or monthly. The LMI is added on to your mortgage and you will pay it off with the rest of your mortgage over time.
A comparison rate indicates the true cost of a loan, which is calculated by taking into account both the interest rate and the fees and charges related to the home loan product and reduces these to a single percentage figure for a secured loan amount. The comparison rate is calculated on a loan amount of $150,000 and a term of 25 years. 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.
Stamp duty is a state government tax that is payable on the transfer of a property. The exact amount will vary based on the state in which you’re purchasing the property.
As an incentive for first home buyers, most Australian states and territories offer stamp duty concessions to those purchasing their first property, if it's under a certain amount.
To find out more about stamp duty and to see if you’re eligible for any other government assistance, please visit the First Home Owner Grant page.
Buying a home can be a relatively easy process – if you know what you’re doing. But if you are trying to get into the property market, or if it’s been a while since you last bought a home, some of the language you will come across can make you feel dazed and confused.
Offset accounts? Refinancing? Variable home loans? What does it all mean?
100% obligation free advice
We understand that the journey to home ownership can be daunting. Our experienced home lending team are happy to answer all your questions, 7 days a week. They'll call you within 24 hours to discuss your home lending needs.
Or call 13 11 55 Mon-Fri 8am-7pm and Sat-Sun 9am-5pm (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 2.32% p.a.) is calculated by subtracting a discount of 2.33% from the Standard Back to Basics Variable Rate (currently 4.65% p.a.). 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. The discounted rate is available on eligible loans applied for from 18 May 2022.
+Discounted rate is only available for new Personal/Owner Occupied loans taken out as part of the Home Package Plus 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. The discounted rate (currently 2.47% p.a.) is calculated by subtracting a discount of 2.76% from the Standard Variable Rate (currently 5.23% p.a.). The discounted rate is only applicable to the Standard Variable loan while the loan remains in a Home Package Plus. Rates and discounts are subject to change. Pre-approvals excluded. The discounted rate is available on eligible loans applied for from 18 May 2022.
^Discounted rate is only available for new Personal/Owner Occupied loans taken out as part of the Home Package Plus 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. The discounted rate (currently 3.64% p.a.) is calculated by subtracting a discount of 0.45% from the Standard 1 Year Fixed Rate (currently 4.09% p.a.). At expiry of the 1 Year Fixed Rate Term, the loan will revert to the applicable Standard Variable Rate advertised at the time (currently 5.23% p.a.) less the Home Package Plus discount (currently 2.76% p.a.). The discounted rate is only applicable to the 1 Year Fixed Rate loan while the loan remains in a Home Package Plus. Rates and discounts are subject to change. The Standard 1 Year Fixed Rate applicable on the day of settlement of the loan will be used to calculate the applicable discounted fixed rate unless the rate has been secured by paying a Guaranteed Rate Fee, which must be selected at time of loan application. Pre-approvals excluded. The discounted rate is available on eligible loans applied for from 18 May 2022.
** $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 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.
Variable Rate
A rate that is variable and is subject to change over the loan term.
Fixed Rate
Lock in your interest rate and repayment amount
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. For more information about the comparison rate and the comparison rate warning, please refer to the things you should know section of this page.
What is pre-approval?
Pre-approval (sometimes referred to as conditional approval) will give you a good idea of how much you may be able to borrow from the bank. If a lender pre-approves you for a loan, they will do so for a specific amount, so you can house hunt properties you know you can afford. It is obligation-free if you're successful, and you can apply more than once.
What can I expect?
Once you have completed this online application, your dedicated lender will review your application and reach out within the next business day to confirm your details and progress you to the next stage.
Apply Online
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.
100% obligation free advice
Our experienced home lending team are here to guide you through your buying journey and to answer all your questions; no matter how big or small – obligation free.
Pre-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.
Valuation and Verification
We will ensure everything is correct and do a valuation if required (which can vary depending on individual circumstances). Conditional approval can be issued while the valuation is in process.
Final Approval
Providing steps 1 to 3 are successful, you can get final approval in about 1 week! You will hear from your lender and they will guide you through to Settlement.
