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Home Loan Refinance

Our lowest variable rate

Variable Rate

*

Discounted Back to Basics Variable Rate with Better Together Special Offer. Owner Occupied. New to bank lending >= $150,000. Maximum LVR 70%. Principal and Interest Repayment.

$3,000 Cash Back Boost payment§

Take out a new Suncorp Bank home loan of $750k or more with LVR ≤ 90%.

Apply by 30th June 2022 and settle by 30th September 2022. Unless withdrawn prior.

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 packages ≥ $150K

Compare your current home loan 

Find out how much you might be able to save

Your minimum repayments

Sorry, an error occured while retrieving your savings.

Please contact Suncorp to see how you can save.

You could save up to $...

Over your remaining loan term with Suncorp's ... Home Loan


What you get with our ... Home Loan

Variable Rate

Fixed Rate

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No loan establishment fee on new loans over $150,000, no monthly account keeping fee and no annual fee.
Make unlimited additional repayments anytime.
Redraw available.

Find out more

$10 account keeping fee.
One-off loan establishment and offset fee.
Optional 100% offset package.
Make unlimited additional repayments anytime.
Receive one free online redraw per calendar month.

Find out more

$10 monthly account keeping fee.
One-off loan establishment fee.
Option to lock in a rate at time of application.
Make additional repayments up to $500 per month during the fixed rate period without incurring an Early Payment Interest Adjustment.

$10 monthly account keeping fee.
One-off loan establishment fee.
Interest is only paid on the amount drawn.
Make deposits any time.
Withdraw funds up to your approved credit limit when you need it.

More on Back To Basics Loans

No loan establishment fee on new loans over $150,000, no monthly account keeping fee and no annual fee.
Make unlimited additional repayments anytime.
Redraw available.
Link with a fee free Everyday Options Account.

Get started online

More on Standard Variable Loans

No monthly account keeping, loan establishment & mortgage offset fee as part of Home Package Plus.
Optional 100% offset package.
Make unlimited additional repayments anytime.
Receive one free online redraw per calendar month.

Get started online

More on Fixed Loans

No monthly account keeping & loan establishment fee as part of Home Package Plus.
Option to lock in a rate at time of application.
Make additional repayments up to $500 per month during the fixed rate period without incurring an Early Payment Interest Adjustment.

Get started online

No monthly account keeping & establishment fee as part of Home Package Plus.
Interest is only paid on the amount drawn.
Make deposits any time.
Withdraw funds up to your approved credit limit when you need it.

Thanks for comparing your home loan with Suncorp


Unfortunately, we cannot offer this rate for a loan under $150,000.

If the home loan details you've entered are accurate, our calculator indicates that you might be better off staying put. It pays to be thorough though, because even a small difference can save you big bucks in the long-term. So, ensure you're getting the best deal possible by speaking to an experienced Home Loan Specialist.

If you're an investor with interest only repayments, then our calculator may not provide you with the level of detail you're after. If that's the case, it might be best to speak to a real person.

Our Home Loan Specialists are always happy to help. Give us a call on 13 11 55 and we'll make sure you're getting the most out of your home loan.

Don't have time to chat right now? Simply fill in our Home Loan Enquiry Form and we'll get back to you within 48 hours. 

Thanks for comparing your home loan with Suncorp


It appears as if you're already on a competitive rate.

If the home loan details you've entered are accurate, our calculator indicates that you might be better off staying put. It pays to be thorough though, because even a small difference can save you big bucks in the long-term. So, ensure you're getting the best deal possible by speaking to an experienced Home Loan Specialist.

If you're an investor with interest only repayments, then our calculator may not provide you with the level of detail you're after. If that's the case, it might be best to speak to a real person.

Our Home Loan Specialists are always happy to help. Give us a call on 13 11 55 and we'll make sure you're getting the most out of your home loan.

Don't have time to chat right now? Simply fill in our Home Loan Enquiry Form and we'll get back to you within 48 hours. 

Thanks for comparing your home loan with Suncorp


Sorry, our minimum borrowing amount for a home loan is $10,000.

If the home loan details you've entered are accurate, our calculator indicates that you might be better off staying put. However if you’d like to ensure you're getting the best deal possible, you can speak to an experienced Home Loan Specialist for more information.

Give us a call on 13 11 55 and we'll make sure you're getting the most out of your home loan.

If you don't have time to chat right now, simply fill in our Home Loan Enquiry Form and we'll get back to you within 48 hours. 

Or discuss your refinance needs with a home lending specialist. Talk to a home loan expert.

The effective date of any interest rates is 18 May 2022 unless shown otherwise within interest rate terms and conditions.

We make switching easy

We make switching easy
 

Talk to a specialist

Speak to a lender at a time that’s convenient. Find out what refinancing options could be right for you, with no obligation or commitment.

Talk to a home loan expert

 

Apply for approval

If you choose to apply for refinancing, your dedicated lender can offer assistance to help get the details sorted.

Settle & start saving

On approval of your refinance application, we’ll send you a loan contract. Once you’ve signed and returned the contract, your lending specialist will support you through to settlement.

Or apply for refinance online.

We make switching easy
 

Talk to a specialist

Speak to a lender at a time that’s convenient. Find out what refinancing options could be right for you, with no obligation or commitment.

Talk to a home loan expert

 

Apply for approval

If you choose to apply for refinancing, your dedicated lender can offer assistance to help get the details sorted.

Settle & start saving

On approval of your refinance application, we’ll send you a loan contract. Once you’ve signed and returned the contract, your lending specialist will support you through to settlement.

Or apply for refinance online.

 





Why REFINANCE YOUR HOME LOAN WITH SUNCORP BANK






Award winning loans and service

Suncorp Bank has been Money magazine’s Bank of the Year four years in a row: 2018, 2019, 2020 & 2021!



Your own home loan specialist

With Suncorp Bank, you’ll have one point of contact to answer your questions and offer assistance every step of the way.


Make things easy with the Suncorp App

It all comes together – your home loan, everyday banking, even your Suncorp Insurance. Manage them all in the fast, secure Suncorp App.





get some quick refinancing answers

We're ready to help

Chat to a lender

Our experienced home lending team are happy to answer your loan refinance questions. Within 24 hours or the next business day, they’ll be in touch to discuss your home loan refinancing.
 

Talk to a home loan expert

Apply for refinance online

You might be able to save thousands by switching your home loan to Suncorp Bank. It only takes around 10 minutes to get started!
 

Get started online

Currently a Suncorp Bank home loan customer?

Complete a home loan enquiry form, talk to your dedicated lender or send us a secure message via Internet Banking.

 

For immediate assistance, call 13 11 55 Mon-Fri 8am-7pm and Sat-Sun 9am-5pm (AEST)

We're ready to help

Chat to a lender

Our experienced home lending team are happy to answer your loan refinance questions. Within 24 hours or the next business day, they’ll be in touch to discuss your home loan refinancing.
 

Talk to a home loan expert

Apply for refinance online

You might be able to save thousands by switching your home loan to Suncorp Bank. It only takes around 10 minutes to get started!
 

Get started online

Currently a Suncorp Bank home loan customer?

Complete a home loan enquiry form, talk to your dedicated lender or send us a secure message via Internet Banking.

 

For immediate assistance, call 13 11 55 Mon-Fri 8am-7pm and Sat-Sun 9am-5pm (AEST)

# COMPARISON RATE:
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.

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 <= 70% 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 2.19% p.a.) is calculated by subtracting a discount of 2.46% 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 <= 70% of the security property value (LVR) inclusive of lenders mortgage insurance (if applicable), with Principal and Interest repayments. The discounted rate (currently 2.36% p.a.) is calculated by subtracting a discount of 2.87% 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.

$3,000 Cash Back Boost Payment

§ In addition to the conditions listed above, the $3,000 Cash Back Boost Payment is only available when you are approved for and settle an Eligible Home Loan with Suncorp Bank which must meet the following criteria: (1) the Loan forms part of new 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, increases to existing loans or refinances of an existing Suncorp Bank home loan are not eligible. The $3,000 Cash Back Boost Payment 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, whether individually or jointly, under the $3,000 Cash Back Boost Payment in respect of all loans held with us. If there is more than 1 Borrower only 1 payment will be made to those Borrowers jointly. 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 Cash Back Boost Payment 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.

See what you could save

** Potential savings are calculated using the information you have provided. Please note that the savings displaying are indicative only and do not represent the Bank making an offer of credit. All calculations assume that the interest rate and loan term will remain unchanged and you will make principal and interest repayments for the remaining loan term. Each calendar year has the following periods – 12 months, 26 fortnights and 52 weeks. No fees or charges have been factored into the above interest saving calculation. Please refer to Lending Fees and Charges for all applicable fees. If you have supplied your current interest rate, then total interest over the life of the loan is calculated by applying your interest rate to the amount still owing on your loan over the remaining loan term. If you have supplied your minimum repayment amount, then total interest over the life of the loan is calculated by subtracting the amount still owing on your loan from the total of all payments made in the remaining loan term. Potential interest savings are calculated by comparing the information you have provided to the above variable or fixed interest rates.

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.

Making repayments

For fixed loans, you can make repayments of up to $500 per month without penalty (find out more about EPIA)

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.

Redraw

Access extra payments you've made on your home loan using our loan Cashback feature. You will need to apply for this.

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 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 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).