First Home Buyers Loan | Home Loans | Suncorp Bank

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Make 'your home' happen.

Variable Rate

*

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.

        LIMITED TIME OFFER        

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 to eligible new home loan packages more than $150k.

        LIMITED TIME OFFER        

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 to eligible new home loan packages more than $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.

Helping you get there

First Home Owner’s Grants

A 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?

100% obligation free advice

Our experienced home lending team are happy to answer all your lending questions. We’ll reply within two hours or by the next business day.

I've just started
researching

Our home loan specialists are here to guide you and answer any questions you may have.

Speak to a home loan specialist

100% obligation free advice

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.

I've started to look for my
first home

Secure your pre-approval to know your limits & bid with confidence.

Apply for pre-approval

What is pre-approval?

What can I expect?

Once you have completed this online application, we’ll reply within two hours or by the next business day to confirm your details and progress you to the next stage.

I'm ready, I've found my
dream home

Save time and start your new loan application online. Apply in as little as 20 minutes!

Apply for a new loan

What can I expect?

Apply in as little as 20 minutes

Number 1

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.

Number 2

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.

Number 3

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.

Number 4

Fast approvals

Providing steps 1 to 3 are successful, you can get final approval in about 1 week. Your dedicated lender will continue offering advice and assistance straight through to settlement.


HOME LOAN CALCULATORS

How much could I borrow?

What might my repayments be?

What might my government costs be?


FIND SOME QUICK ANSWERS

LEARN ABOUT WHAT COULD BE RIGHT FOR YOU

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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 lending questions. We’ll reply within two hours or by the next business day.

Talk to a home loan expert

Or call 13 11 55 Mon-Fri 8am-7pm and Sat-Sun 9am-2pm (AEST)

# COMPARISON RATE:
A comparison rate is a rate that indicates the true cost of a loan. This comparison rate is based on $150,000 over a term of 25 years and incorporates certain fees and charges that are applicable for the chosen product.

WARNING: This comparison rate applies 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.

##Home Package Plus Annual Fee

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

*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 6.19% p.a.) is calculated by subtracting a discount of 2.46% from the Standard Back to Basics Variable Rate (currently 8.65% 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 15 December 2023.

+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 6.30% p.a.) is calculated by subtracting a discount of 2.93% from the Standard Variable Rate (currently 9.23% 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 15 December 2023.

^Discounted rate is only available for Personal/Owner Occupied loans taken out as part of the Home Package Plus >= $150,000 and borrowings <= 80% of the security property value (LVR) inclusive of lenders mortgage insurance (if applicable), Principal and Interest repayments. The discounted rate (currently 6.49% p.a.) is calculated by subtracting a discount of 0.45% p.a. from the Standard 3 Year Fixed Rate (currently 6.94% p.a.). At the expiry of the 3 Year Fixed Rate Term, the loan will revert to the applicable Standard Variable Rate advertised at the time (currently 9.23% p.a.) less the Home Package Plus discount (currently 2.93% p.a.). The discounted rate is only applicable to the 3 Year Fixed Rate loan while the loan remains in a Home Package Plus. Rates and discounts are subject to change. The Standard 3 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 15 December 2023.

Banking and home loans 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.

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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, we’ll reply within two hours or by 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 happy to answer all your lending questions. We’ll reply within two hours or by the next business day.

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.

Fast approvals

Providing steps 1 to 3 are successful, you can get final approval in about 1 week. Your dedicated lender will continue offering advice and assistance straight through to settlement.

What is an offset account?

An offset account is an everyday account that is linked to your home loan. You can deposit your salary and savings into that account (and sub-savings accounts) and the balance is then offset against the amount owing on your home loan.

What is home loan cashback/redraw?

A home loan redraw facility allows you to request access to any extra repayments you’ve made into your home loan above and beyond the minimum required repayments.

What are Fixed Rate home loan early payment fees?

Additional repayments of up to $500 in excess of your minimum monthly repayment are permitted. After that, an Early Payment Interest Adjustment (EPIA) fee may apply. For more information, view our EPIA Brochure (PDF).

What is home loan cashback/redraw?

A home loan redraw facility allows you to request access to any extra repayments you’ve made into your home loan above and beyond the minimum required repayments.

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