Following the Reserve Bank of Australia’s May 2022 decision to increase the cash rate, our variable home loan rates will increase by 0.25% p.a., beginning 18 May 2022.
From 18 May 2022, all current Suncorp Bank variable rate home loans will increase by 0.25%. The change does not apply to current fixed rate home loans.
From 18 May 2022, you can view your updated interest rate and repayment amount in Internet Banking and the Suncorp App.
You can manage your repayments from your Suncorp account via Suncorp Internet Banking, the Suncorp App or by contacting us on 13 11 55 . If you have a direct debit, you can update this by sending us a secure message via Suncorp Internet Banking or contacting us on 13 11 55 .
If your repayments are by automatic transfer from another financial institution, you can update this transfer via their internet or mobile banking, or by contacting them directly.
If you can’t make your Suncorp Bank loan repayments or meet other financial commitments – or you think you’ll be experiencing difficulty soon – we’re here to help.
Whether you need temporary assistance or help over a longer period, the sooner you get in touch, the sooner we’ll be able work out a plan to help you get back on track.
Protecting & maintaining your home
You can make additional repayments to your Standard Variable or Back to Basics Variable Home Loan at any time.
For Fixed Rate Home Loan, additional repayments of up to $500 in excess of your minimum monthly repayment are permitted. After that, an Early Payment Interest Adjustment Fee (EPIA) may apply.
For more information on fees, view the EPIA brochure.
If you have an existing Suncorp Bank Home or Personal Loan, your interest rate will appear on your statement. If you have Internet Banking simply click on the account number to display a summary of the loan which will include the current interest rate.
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Our experienced team are happy to answer all your questions! We'll call you within 24 hours (or next business day) to discuss your home lending needs.
For all queries about existing Suncorp Home Loans call us Mon - Fri 8am - 6pm (AEST)
1. 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.
2. 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.
3. A minimum amount for each split is $10,000. Additional charges may be incurred for additional loans, unless held in a Home Package Plus.
4. 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.
# The Renovation Calculator is hosted and operated by RP Data Pty Ltd, trading as CoreLogic Asia Pacific (“CoreLogic”). Estimated renovation costs are indicative only and do not represent Suncorp-Metway Limited ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 ("Suncorp Bank") making an offer of credit or providing loan approval. Suncorp Bank does not accept any legal responsibility for any loss incurred as a result of reliance upon this tool – please make your own enquiries.
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.