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Our low rate, low fee home loan

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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Comparison Rate Warning

Discounted Back to Basics Variable Rate with Better Together Special. Owner Occupied. 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

Better Together Special Offer

Combine your Back to Basics Variable home loan of $150,000 or more with an Everyday Option Account and enjoy a discounted rate and other savings.

What you get

  • Discounted interest rate of your Back to Basics Variable home loan
  • Get a discount of up to 20% off your first premium on a new Suncorp Home, Landlord and/or Contents insurance policy1

Find out more

Receive up to $3,000 Cash Bonus2

when you refinance to an eligible Suncorp Bank home loan

For refinancers who apply by 30 September 2020 & settle by 29 December 2020.
$2,000 for $250,000 – $749,999, or $3,000 if exceeds $750,000, LVR < = 90%

Refer to Things You Should Know for more detail.

Get started online  Book appointment

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

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

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, 7 days a week

Our experienced home lending team are happy to answer all your questions, 7 days a week. They'll call you within 24 hours to discuss your home lending needs.

For all queries about existing Suncorp Home Loans call 13 11 55 Mon-Fri 8am-6pm (AEST)

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 2.78% p.a.) is calculated by subtracting a discount of 1.62% from the Standard Back to Basics Variable Rate (currently 4.40% p.a.). The discounted rate is available on eligible loans applied for from 20 March 2020. 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 3.08% p.a.) is calculated by subtracting a discount of 1.74% from the Standard Back to Basics Variable Rate (currently 4.82% p.a.). The discounted rate is available on eligible loans applied for from 20 March 2020. 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.

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.

Refinance Cash Bonus Offer
2 In addition to the conditions listed, the Refinance Cash Bonus Offer is only available when you are approved for and settle an Eligible Home Loan with Suncorp Bank. An Eligible Home Loan is a home loan that (1) is for personal/owner occupied or investment purposes (2) LVR means Loan to Value Ratio and must be less than or equal to 90% inclusive of Lender’s Mortgage Insurance (3) excluding access equity, lines of credit or refinance of existing Suncorp Bank home loans (4) pre-approvals must be fully approved by Suncorp Bank before 30 September 2020 (5) where total refinance amount to Suncorp Bank is (i) between of $250,000 – $749,999.99, a payment of $2,000 will be made to the borrower; or (ii) where the total refinance amount exceeds $750,000, a payment of $3,000 will be made to the borrower. Limit of one payment per borrower regardless of the number applications which may be eligible. If there is more than one individual borrower, only one payment will be made to them jointly.

The payment will be credited to a Suncorp Bank transaction account in the name of all borrower/s only within 30 days of the settlement date.

Suncorp Bank reserves the right to vary or withdraw the Refinance Cash Bonus 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 any cash bonus 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 and Lending Fees and Charges 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. 

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