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Back to Basics
Home Loan

A low variable rate home loan with no ongoing account keeping fees

Looking to refinance? Switch your home loan to Suncorp Bank and receive $1,500!^

Current offers

Owner Occupied Rates are available with the Better Together special offer

Owner Occupied Rates

*

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

Investor Rates

**

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?

Our Back to Basics Home Loan offers a low variable rate with no ongoing account keeping fees. Whether you’re buying your first home, investing in property, or just looking to make your current home loan work harder for you, make your next property move with this great value variable home loan.

Key features

  • Low variable interest rate
  • No monthly account keeping fee
  • No Loan Establishment Fee on new lending of $150,000 or more
  • One free online redraw per month with our Cashback feature
  • Statements issued every 6 months

With options to suit your needs now

  • Suitable for personal or investment purposes
  • Suitable for construction loans
  • Principal and Interest or Interest Only repayment options
  • Loan terms from 8 to 30 years
  • Choose weekly, fortnightly, or monthly repayments

Getting the most from a Back to Basics Home Loan

  • Make additional repayments without penalty
  • Access additional repayments through our redraw feature Cashback
  • Split your loan across fixed and variable rates
  • Use our Add Loan feature to increase your borrowings

Compare all Home Loans

Compare now

Receive $1,500 when you refinance your home loan!^

By switching to Suncorp Bank, you could save thousands.^^

  • Refinance your eligible owner occupied home loan with Suncorp Bank, and you'll receive $1,500 cash^
  • Access our competitive home loan rates

Book an appointment   See how much you could save

Apply by 28 February 2019, settle by 31 May 2019. $250,000 minimum refinance. Available only for owner occupied home loans in the “Home Package Plus” or “Back to Basics with Better Together Special”. 1 Year Fixed Special Offers Excluded. Further T&C’s and eligibility criteria apply.

Apply for Home Loan Pre-Approval

Find out how much you may be able to borrow so you can make an offer on a property with more confidence.

Try out our repayment calculator today

Contact us to find out more

Book a visit with one of our friendly lenders

* Advertised discounted rate/comparison rate valid from 14 September 2018, is subject to change without notice and may be withdrawn at any time. Offer available for new Personal/Owner Occupied >=$150,000 where borrowings <=90% of the security property value (“LVR”) inclusive of lenders mortgage insurance (where applicable), and who hold a Suncorp Bank transaction account. Disclosed interest rate is based on Principal and Interest, Back to Basics Variable (Currently variable interest rate of 5.19% p.a.) less net discount of -1.40% p.a. Rate and discount 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 or on our Product Information Documents and Forms page.

** Advertised discounted rate valid from 14 September 2018, is subject to change without notice and may be withdrawn at any time. Offer available for new Investment >=$150,000 where borrowings <=90% of the security property value (“LVR”) inclusive of lenders mortgage insurance (where applicable), and who hold a Suncorp Bank transaction account. Disclosed Interest Rate is based on Principal and Interest, Back to Basics Variable (currently variable interest rate of 5.61% p.a.) less net discount of -1.52% p.a. Rate and discount 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 or on our Product Information Documents and Forms page.

Interest rates and discounts are subject to change without notice. Discounts margins may be withdrawn at any time before a contract is entered into. The applicable Discounts are applied to the applicable Standard Interest Rate at the day of Settlement.

`For a full list of rates with discount margins displayed, please view our Home Lending Interest Rate Guide.

# Each comparison rate is based on $150,000 over 25 years. WARNING: 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. Comparison rates for Interest Only Variable home loans are based on an initial 5 year Interest Only period.

^ The Refinance Offer is applicable when you apply and settle an Eligible Home Loan with Suncorp Bank. An Eligible Home Loan is a loan that is: (1) applied for between 8 October 2018 - 28 February 2019 and settled by 31 May 2019; (2) refinanced from another financial institution; (3) $250,000 minimum loan refinance with a Loan to Value Ratio of 80% or less; (4) a Standard Variable or 2, 3 or 5 Year Fixed Rate loan in the Home Package Plus (Line of Credit / Access Equity and 1 Year Fixed Special Offer are excluded), or Back to Basics Better Together Special; (5) not established in the name of a company, business or trust. Refinancing of an existing Suncorp Bank home loan or pre-approvals are ineligible for the Refinance Offer. A limit of one (1) payment of $1,500 will be made to a borrower and if there is more than 1 borrower one (1) payment will be made to them jointly. Each borrower, whether individually or jointly, can only ever receive a payment of $1,500 once. If any of the borrowers have received a payment whether individually or jointly under the Refinance Offer previously then no further payments will be made. The $1,500 cash payment will be credited to the linked Everyday Options account which forms part of the Home Package Plus; or to the transaction account linked to the Back to Basics Better Together Special only, within 30 days of the settlement date. Suncorp Bank reserves the right to terminate the offer 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 this Refinance Offer.

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.