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Variable rate with optional 100% mortgage offset

Variable Rate

A rate that is variable and is subject to change over the loan term.

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 Standard Variable Rate in Home Package Plus. Owner Occupied. New to bank lending >= $150,000. Maximum LVR 80%. Principal and Interest repayments.

Enjoy interest savings & flexible options

Optional 100% mortgage offset

Save on interest with a mortgage offset when your loan is linked to an Everyday Options Account.

Flexible options

Unlimited additional repayments. Redraw additional repayments as cashback. Interest only repayment option subject to credit approval.

Package and save

Link your home loan, bank account and other Suncorp products 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

Two prizes to be won

Your chance to win $50K

For one of two chances to win $50,000 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 29/04/2022, 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.

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

Package your loan

Package your Standard Variable Rate or Fixed 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 Standard Variable Rate or Fixed 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 Fixed 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

Limited time offer

Suncorp Bank will reimburse this annual fee for the life of the loan on an eligible new home loan package of ≥$150K.

That’s a savings of up to $11,250.*

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?

Request a call back

We'll call you within 24hrs (or the next business day) to answer questions and discuss your home lending needs.

Speak to us today

Our expert lenders are here to help from
Mon-Fri 8am-7pm, 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 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 2.38% p.a.) is calculated by subtracting a discount of 2.60% from the Standard, Standard Variable Rate (currently 4.98% 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 26 November 2021.

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.

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 29 April 2022, are approved and settle by 29 July 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.

Borrowings

Allows you to increase the value of your existing home loan, useful for purposes like renovations subject to credit criteria

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

Repayment option

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.

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.

Standard rates

Standard Interest Rates are applied for all lending from $10,000 to $150,000. For loans over $150,000 you may be eligible for a special offer or Home Package Plus discount – terms and conditions apply

Interest only

Once the interest only terms ends, your repayments will automatically switch to Principal & Interest. If selecting a Fixed loan type, your interest only period will be the same or longer than the fixed rate term.

Redraw

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

Suncorp Insurance

Receive a discount of up to 20% off the first year's annual premium on new to Suncorp Home, Landlord and/or Contents insurance policies. Receive up to 10% off the first year’s annual premium on new to Suncorp Motor insurance policies.4

Credit card fees

Pay no Annual Card Fee for up to 4 of Suncorp’s Clear Options Credit cards, with the choice of either a Gold or Platinum Card - saving you up to $120 per year for each card.5

Waived fees

New applications will pay no establishment or ongoing monthly account keeping fees.

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