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Our low 2 Year Fixed Rate just got lower!

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.

Discounted 2 Year Fixed Rate in Home Package Plus (HPP). Owner Occupied. New to bank lending in the HPP >= $150,000. Maximum LVR 80%. Principal and Interest repayments.

Why choose our Fixed Rate Home Loan?

Option to lock in a rate at the time of application

As Fixed Rates are determined at settlement of your loan, our Guaranteed Rate Fee removes this uncertainty by fixing the rate at application for up to 90 days to protect you from unforeseen increases before loan settlement

Rate certainty

Set your rate for an initial term of 1, 2, 3, or 5 years and know your interest rate payable won't increase. After the fixed rate period, your loan will roll to a variable rate or can be re-fixed. You have the option to lock in the fixed rate on application.

Package and save

Link your home loan in the Home Package Plus (together with an Everyday Options Account) and save on interest and fees.

Even more to smile about Smile

Limited time offer

Save up to $11,250!*

Suncorp Bank will reimburse the Home Package Plus annual fee for the life of the loan.*

That’s a saving of $11,250 over a 30 year loan.*

Available to eligible new home loan package ≥ $150K

Refinancing - cash back payment

Receive $3,000 cash!+

Refinance to a Suncorp Bank home loan of $750K or more with LVR ≤ 90%.

Apply by 30 November 2021, settle by 28 February 2022. Unless withdrawn prior.

 

Two prizes to be won

Your chance to win $50K

For one of two chances to win $50K for your reno, take out an eligible Suncorp Bank home loan^^ of $150K or more and settle by 12/1/22. 

Already have an eligible home loan with us? You’re in with a chance.++

See full terms and conditions.

 

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.

Package your loan

Package your Fixed Rate or Standard Variable Rate home loan of $150,000 or more with an Everyday Options Account and enjoy a discounted rate and other savings.

What you get with Home Package Plus

  • Interest rate discounts. Save on your Fixed Rate or Standard Variable Rate home loan.
  • Save on fees. No loan establishment fees, monthly account keeping fees, mortgage offset fee or annual credit card fees.
  • Split Loans. Split your lending needs with a Standard Variable Rate home loan.
  • Save on products. As a part of Home Package Plus you’ll get discounts on select Suncorp Bank and Insurance products.

Find out more

For an annual fee of

$375

Fees

Loan establishment fee

$600 for loans <90% LVR
$990 for loans >= 90% LVR
$0 with Home Package Plus

Account keeping fee

$10 p/m
$0 with Home Package Plus

Mortgage offset fee

$75 one off fee
$0 with Home Package Plus

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.

^ The discounted rate (currently 1.89% p.a.) is calculated by subtracting a discount of 0.45% from the Standard 2 Year Fixed Rate (currently 2.34% p.a.) and only applicable while the loan remains in the Home Package Plus. At expiry of the 2 Year Fixed Rate Term, the loan will revert to the applicable Standard Variable Rate advertised at the time (currently 4.98% p.a.) less the Home Package Plus discount (currently 2.44% p.a.). LVR means Loan to Value Ratio, stated above & inclusive of Lenders Mortgage Insurance (LMI). Refinance of existing Suncorp Bank loans and pre-approvals are excluded. The Standard 2 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. Current standard fixed rates and discounts are subject to change without notice. This limited time offer is valid from 19 August 2021 and Suncorp Bank reserves the right to vary or withdraw this offer at any time. Please refer to the Home Package Plus Terms and Conditions booklet for full Terms and Conditions of the Package.

Home Package Plus Annual Fee

* $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.

$3,000 Refinance Offer

+ In addition to the conditions listed above, the $3,000 Refinance Offer is only available when you are approved for and settle an Eligible Home Loan with Suncorp Bank which must also meet the following criteria: (1) the Loan forms part of new refinanced lending of at least $750,000; (2) the Loan to Value Ratio, including Lenders Mortgage Insurance where applicable, is less than or equal to 90%; and (3) a Suncorp Bank transaction account is held in the name of the Borrower or all Borrowers, if there is more than one individual Borrower. Pre-approvals, or refinances of an existing Suncorp Bank home loan are not eligible. The $3,000 Refinance Offer cannot be used in conjunction with any other cash offer. If you are eligible, a cash back payment of $3,000 will be made to the Borrower.

A limit of 1 payment will be made to a Borrower. If there is more than 1 Borrower only 1 payment will be made to those Borrowers jointly. Each borrower, whether individually or jointly, can only ever receive the $3,000 Refinance Offer once. If any of the Borrowers have received a payment whether individually or jointly under the $3,000 Refinance Offer previously then no further payments will be made. If this Loan is eligible that payment will be credited to a Suncorp Bank transaction account, in the name of the Borrower or all Borrowers, if there is more than one individual Borrower, within 60 days of the settlement date of this Loan.

Suncorp Bank reserves the right to vary or withdraw the $3,000 Refinance Offer at any time. Applications subject to credit approval. Fees, and charges may be applicable. Full terms and conditions will be included in our loan offer. Depending on your financial circumstances, you should obtain independent advice before making any decisions regarding any cash offers made by Suncorp Bank.

Win $50,000 Cash for a Reno Promotion

++ Promoter of “Win $50,000 Cash for a Reno” Promotion: Suncorp-Metway Limited ABN 66 010 831 722 of L 28, Brisbane Square 266 George Street, Brisbane, Queensland 4000 (Suncorp Bank). Entry open to eligible borrowers (new or existing) who hold, as recorded in the Promoter’s records, an Eligible Suncorp Bank home loan ≥$150,000 as at 11.59pm on 12/1/22. Refer to the full terms and conditions for entry, eligible Suncorp Bank home loans, and eligibility conditions. Must be opted-in to Suncorp marketing communications by 12/1/22 to be entered. Call 13 11 55 to update Suncorp marketing preferences. Promotion starts 24/8/21 and ends 11:59pm AEDT on 12/1/22. Prizes: 2 x $50,000. Prize draw at 2:30pm at Plexus, 4/411 Collins Street, Melbourne VIC 3000 on 14/1/22. Winners published in The Australian on 25/1/22. Limit one (1) prize per person (excluding SA). Permits: ACT TP 21/01429, & SA T21/1305, & NSW Authority Number TP/01271. Home Loans provided by Suncorp-Metway Ltd, Australian Credit Licence 229882 trading as Suncorp Bank (“Suncorp Bank”) to approved applicants only. Fees, terms and conditions apply and are available upon request.

^^ An Eligible Suncorp Bank Home Loan is an Suncorp Bank Back to Basics Loan, Suncorp Bank Standard Variable Loan, Suncorp Bank Variable Loan, Suncorp Bank (1, 2, 3 or 5 Year) Fixed Rate Loan, Suncorp Bank Access Equity Loan, Suncorp Bank Asset Line, Suncorp Bank Professional Asset Line, Suncorp Bank Annual Interest in Advance Loan, Suncorp Bank Affinity Loan, Suncorp Bank Professional Ready Access Loan or Suncorp Bank Ready Access Loan with a minimum amount of $150,000 as at 11:59pm on 12 January 2022 which is secured by a mortgage or other security granted in favour of the Promoter over a residential investment or owner occupied property and which the loan is in the name of at least one individual borrower, excluding the following: a Suncorp Bank loan product for which at least one of the borrowers is a company, partnership, trustee (including an individual acting in a trustee capacity), body corporate or other non-individual entity.

** 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.

Split your loan across fixed and variable rates

You can choose to split your loan and keep a portion of your borrowings at a variable interest rate, allowing you the option to make additional repayments in excess of $500 without penalty /redraw on the variable component

Option to lock in a rate at the time of application

As Fixed Rates are determined at settlement of your loan, our Guaranteed Rate Fee removes this uncertainty by fixing the rate at application for up to 90 days to protect you from unforeseen increases before loan settlement

Principal + Interest or Interest-only repayment options

Interest only repayments subject to credit approval

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.

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

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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