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Back to Basics 
Home Loan

A low variable interest rate home loan with no ongoing monthly or annual fees.

Apply for pre-approval Book appointment

Our lowest variable interest rate with Better Together Special

Owner Occupied

*

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

Investor

**

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

Why choose a Back to Basics Home Loan?

Low variable interest rate

Low fees

No monthly account keeping fee, no ongoing annual fee and no loan establishment fee on new lending of $150,000 or more.

Flexible options

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

Current offers

Fees

Account keeping fee

$0

Loan establishment fee

$0 for borrowings >= $150,000
$600 for borrowings <$150,000 < 90% LVR
$990 for borrowings < $150,000 >= 90% LVR

Lender’s Mortgage Insurance (“LMI”)

Amount and costs determined at application on loans > 80% LVR

Compare all Home Loans

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Frequently Asked Questions

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Discounted Back to Basics variable rate with Better Together special
* 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 <= 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 3.03% p.a.) is calculated by subtracting a discount of 1.62% from the Standard Back to Basics Variable Rate (currently 4.65% p.a.). The discounted rate is available on eligible loans applied for from 18 October 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. Banking products are issued by Suncorp Bank. Please read the relevant Product Information Document and the Terms and Conditions before making any decision regarding this product. These documents are also available at Suncorp Bank stores on our Product Information Documents and Forms page.

Discounted Back to Basics variable investment rate with Better Together special
** Discounted rate is only available for new Investment 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 3.33% p.a.) is calculated by subtracting a discount of 1.74% from the Standard Back to Basics Variable Rate (currently 5.07% p.a.). The discounted rate is available on eligible loans applied for from 18 October 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. Banking Products are issued by Suncorp Bank. Please read the relevant Product Information Document and the Terms and Conditions before making any decision regarding this product. These documents are also available at Suncorp Bank stores on our Product Information Documents and Forms page.

Better Together Insurance Offer
1 Offers not available online & only available with Better Together Offer on relevant property. Up to 20% discount applies to any new Suncorp Home or Home & Contents or Landlord insurance policy. The discounts are off our usual premium. If you are eligible for more than one discount on a particular policy we apply each in a predetermined order to the already discounted premium. Taxes and charges are usually added after discounts are applied. Minimum premiums may apply. Offer available for new policies only and not on current or subsequent renewals. Insurance issued by AAI Limited ABN 48 005 297 807 trading as Suncorp Insurance. Conditions and exclusions apply. Please read the relevant Product Disclosure Statement before you make any decisions regarding these products. Contact us for a copy.

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.

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.

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.

Interest-only

Interest only repayments subject to credit approval. Before choosing an interest-only repayment option, it’s important you understand the potential risks associated with this product feature. As the name suggests, interest-only repayments means you’ll repay the interest charges but you are not required to repay the principal during the interest-only period. Since repayments to reduce the principal are not being made during the interest-only period, the full loan amount will still be due at the end of the interest-only period. You will pay more in interest than if you made principal and interest repayments.

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 and may differ to the the Back to Basics variable rate

Add Loan

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

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.