BOOM! Rate Drop

Our lowest owner occupied variable interest rate just got lower!

Discounted Back to Basics Variable Rate with Better Together Special
New to bank lending >= $150,000 Maximum LVR 90% Principal and Interest repayments

Comparison Rate Warning

Bank of the year 2018 2019 Bank of the year 2018 2019 Bank of the year 2018 2019 Bank of the year 2018 2019
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Low fees

No monthly account keeping fee, no ongoing annual fee and no loan establishment fee on new lending ^.

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

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Customers have already saved more than $3 million with Suncorp Benefits. ‡

Discounted Back to Basics variable rate with Better Together special

Discounted Back to Basics variable rate for new Personal/Owner Occupied loans taken out as part of the Better Together Special Offer >= $150,000 and borrowings <= 90% 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 3.29% p.a.) is calculated by subtracting a discount of 1.51% from the Standard Back to Basics Variable Rate (currently 4.80 % p.a.). The discounted rate is available on eligible loans applied for from 19 July 2019. 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.


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. 

The establishment fee is charged, then refunded for new lending >= $150,000

‡ Correct as at May 23, 2019.  The Reward and Recognition program ("Suncorp Benefits") is being operated by Loyalty Corp Australia Services Pty Ltd ABN 39 615 958 873. To be eligible for Suncorp Benefits you must hold a current eligible personal policy or service with Suncorp or an eligible personal product or service from one of the brands in the Suncorp Network. Full Terms and Conditions are available here. Eligibility criteria and limits apply

The Suncorp Bank Privacy Statement and Suncorp Group Privacy Policy outline how your personal information may be collected, used and disclosed. From time to time we may send you information about products or offers from Suncorp. If you do not want to receive any of this information, just contact us on 13 11 55.

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 and the 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.

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.