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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.

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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.  

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.

      CASH BACK BOOST PAYMENT

Receive up to $4k cash^

Get $3k with a new home loan of $750k to <$1M with LVR ≤ 90%.

Get $4k with a new home loan of $1M or more with LVR ≤ 90%.

Apply by 30 November 2022, settle by 28 February 2023. Unless withdrawn prior. 

Home loan offers and special rates.

View all our current offers and special featured rates for your home loan.
 

View all our home loan offers

Applying is simple, get started online

Number 1

Apply Online

Once your 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 loan application and do a valuation of the 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 loan in about 1 week! You will hear from your lender and they will guide you through to Settlement.

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

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.*

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-7pm and 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 <= 70% of the security property value (LVR) inclusive of lenders mortgage insurance (if applicable), with Principal and Interest repayments. The discounted rate (currently 3.84% p.a.) is calculated by subtracting a discount of 2.89% from the Standard Variable Rate (currently 6.73% 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 12 August 2022.

^$3,000 Cash Back Boost Payment

To approved applicants only. In addition to the conditions listed above, the Cash Back Boost Payment is only available when you are approved for and settle an eligible Suncorp Bank Home Loan which must meet the following criteria: (1) the Loan forms part of new lending of at least $750,000 - $999,999 to receive a $3,000 payment; or $1,000,000 and over to receive a $4,000 payment (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 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 or $4,000 will be made to the Borrower. A limit of 1 payment of either $3,000 or $4,000 will be made to a Borrower, whether individually or jointly, in respect of all loans held with Suncorp Bank. If there is more than 1 Borrower only 1 payment will be made to those Borrowers jointly. If this Loan is eligible, 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 the Loan. 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.

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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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