Choosing the right home loan
While it’s easy to comparison shop by looking at interest rates alone, you want to consider home loan features, fees, payment flexibility and any home loan package options.
There are a lot of home loan options out there and all of them raise important questions. Should you go with a fixed or variable rate? Maybe you could split your loan between the two? Could you take advantage of an offset account? What happens if you want to increase your monthly repayments?
A Suncorp home loan specialist can help you choose what’s right for you. We offer fixed and variable rate options for all types of buyers, from owner-occupiers through to investors. These include:
100% Mortgage Offset capability
Redraw cashback facility
Make additional repayments anytime
Package and save
With the opportunity to fix your rate over 1, 2, 3 or 5 years, the Fixed Rate option is perfect for borrowers looking for payment security.
Repayment and rate certainty
Package and save
Make additional repayments of up to $500 per month without penalty
Lock in your interest rate and repayment amount
A rate that is variable and is subject to change over the loan term.
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. For more information about the comparison rate and the comparison rate warning, please refer to the things you should know section of this page.
Need help selecting the right loan for you?
There’s no ‘one size fits all’ when it comes to home loans. For more information about home buying and loan options, talk to a Suncorp home lending specialist.
How much can I borrow?
Learn how much you can borrow with Suncorp Bank’s Borrowing Limit Home Loan Calculator. It gives you a quick estimate of your borrowing power based on your income and expenses.
We’re ready to help you
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Banking Products and Home Loans 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.
The information is intended to be of general nature only. We do not accept any legal responsibility for any loss incurred as a result of reliance upon it – please make your own enquiries.
Option to lock in rate on application
As Fixed Rates are determined at settlement of your loan, our Guaranteed Rate Fee removes this uncertainty by fixing the rate at application for up to 90 days to protect you from unforeseen increases before loan settlement.