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Variable rate with optional 100% mortgage offset
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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Discounted Standard Variable Rate in Home Package Plus. Owner Occupied. New to Bank Lending ≥ $150,000. Maximum LVR 70%. Principal and Interest Repayments.
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.
Compare our home loan interest rates and our home loan features and fees.
CASH BACK BOOST PAYMENT
Receive $3,000 cash!^
Take out a new Suncorp Bank home loan of $750k or more with LVR ≤ 90%.
Apply by 30th June 2022 and settlement by 30th September 2022. Unless withdrawn prior.
Home loan offers and special rates.
View all our current offers and special featured rates for your home loan.
Applying is simple, get started online
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
Download the Lending Fees and Charges brochure
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.
For an annual fee of
$375
Limited time offer
Pay no 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.*
Download the Home Package Plus Terms and Conditions
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.
You can speak with a lender to apply, or you can apply for preapproval in under 10 minutes online!
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.
Our Home Loan Cashback feature lets you redraw funds that you've paid in advance of your normal scheduled home loan repayments.
You can still redraw this excess money at any time – for school and university expenses, a holiday, renovation, or any other purpose. This feature is available on Standard Variable and Back to Basics Variable home loans.
A home loan will have a loan term (usually between 8-30 years), which can have the option of principal and interest or interest only repayments.
For a principal and interest home loan, you will be required to pay a minimum monthly repayment. This repayment will require you to pay the interest charge, as well as reducing the principal amount of the loan over the required term.
For an interest only home loan (requires approval), you can take a maximum interest only period of 5 years. During this period, you will only be required to pay the interest charges. At the end of the interest only period, you will revert to a principal and interest repayment.
Deposit KickStart lets owner-occupiers use the equity in the home of a family member towards the purchase of your new owner-occupied home – to help kick start your dream. With Deposit KickStart, you can avoid the need of paying Lenders Mortgage Insurance without the 20% deposit.
To approved applicants only. Exclusions and max loan amounts apply. Fees and charges, including government fees and charges apply. Conditions apply to all products, loan options, discounts and packages and are available from Suncorp-Metway Ltd ABN 66 010 831 722. Australian Credit Licence Number 229882.
There’s no charge for talking with a lender. All home loan assistance is obligation-free.
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.
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-7pm and Sat-Sun 9am-5pm (AEST)
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.
# 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 <= 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.
^$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.
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.
