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Compare Home Loans
Understanding what each home loan can do for you is important, and often easiest to see when the options are presented side by side.
My home loan is for
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.
Variable Rate
A rate that is variable and is subject to change over the loan term.
Fixed Rate
Lock in your interest rate and repayment amount
Lenders Mortgage Insurance
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.
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.
Variable Rate
A rate that is variable and is subject to change over the loan term.
Fixed Rate
Lock in your interest rate and repayment amount
Lenders Mortgage Insurance
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.
1 Split your loan into two loans, one fixed rate loan and one variable rate loan in a proportion of your choice (e.g. 75% fixed and 25% variable). At the end of any fixed rate period, the fixed loan automatically rolls onto the standard variable rate or you can apply to fix the interest rate again. Renegotiation fees may apply.
2 You need to apply for Cashback which is available subject to conditions specified in the contract. Please read those conditions carefully. A Cashback fee may be charged. External transfers cannot be performed using online Cashback
3 A Mortgage Offset facility can be established by linking your Everyday Options account to the loan account and having it in offset mode. A Mortgage Offset Fee applies to link the 100% Home Loan Offset facility to your home loan. This fee is charged to your linked loan account. Everyday Options accounts are issued by Suncorp-Metway Ltd ABN 66 010 831 722 (“Suncorp Bank”). Please read the applicable Product Information Document before making any decisions about an Everyday Options account. Contact Suncorp Bank for a copy or call into a local store.
4 An Additional Loan is available (subject to satisfying our credit requirements) and fees and conditions may apply.
5 A maximum period for interest only repayment types are five years interest and is subject to you satisfying applicable Bank criteria. For Fixed Rate Home Loans, the interest only repayment period must equal the Fixed Rate term.
6 For Fixed Rate Home Loans, an Early Payment Interest Adjustment (EPIA) applies if more than the prepayment allowance (currently $500.00 per month) is paid in excess of the agreed monthly repayment. The EPIA also applies if the loan is repaid in full or the agreed fixed rate period is broken for any reason. EPIA applies to the whole amount prepaid. Find out more information on EPIA or ask in branch for our EPIA brochure.
The Home Package Plus (HPP) discounts are applied for as long as the home remains part of the Home Package Plus. Interest rates and discounts are subject to change without notice. Discounts margins may be withdrawn at any time before a contract is entered into. Discounts are applied to the applicable Standard Interest Rate at the day of Settlement.
Loan to Value Ratio ("LVR") limits are inclusive of Lenders Mortgage Insurance (LMI) where applicable. A repayment type of interest only is available on loans with an LVR limit <90%. At the expiry of the Interest Only term, the rate will convert to the applicable Principal & Interest Rate plus or minus any applicable margins specified in your credit contract. The Interest Only period on a Fixed Rate must equal the Fixed Rate term.
# 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.
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 our Product Information Documents and Forms page.
Back to Basics Loan
* Advertised discounted rate valid from 22 February 2019, is subject to change without notice and may be withdrawn at any time. Offer available for new Personal/Owner Occupied loans >=$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 -1.50%. 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.
Standard Variable Loan
+ Advertised discounted rate valid from 13 December2018, is subject to change without notice and may be withdrawn at any time. Offer available for new Personal/Owner Occupied loans >= $150,000 where borrowings <= 90% of the security property value (“LVR”) inclusive of lenders mortgage insurance (where applicable). Disclosed Interest Rate is based on Principal and Interest, Standard Variable (currently variable interest rate of 5.77% p.a.) less package net discount of -1.78% p.a. A discount is applied for as long as the loan remains part of the Home Package Plus. Rate and discount may be varied if the loan purpose or repayment type is changed. Pre-approvals excluded.
Fixed Loan
‡ Discounted rate special offer only available for new personal/owner occupied loans taken out as part of the Home Package Plus >= $150,000 and borrowings <= 90% of the security property value (LVR) inclusive of lender’s mortgage insurance (if applicable), with Principal and Interest repayments. The discounted rate (currently 3.49% p.a.) is calculated by subtracting a discount of 0.35% p.a. from the Standard 1 Year Fixed Rate (currently 3.84% p.a.). At the expiry of the 1 Year Fixed Rate Term, the loan will revert to the applicable Standard Variable Rate advertised at the time (currently 5.77% p.a.) less the Home Package Plus discount (currently 1.78% p.a.). The discounted rate special offer is only applicable to the 1 Year Fixed Rate loan while the loan remains in the Home Package Plus. The discounted rate special offer is available on eligible loans applied for from 13 December 2018 until withdrawn. Rates and discounts are subject to change. The Standard 1 Year Fixed Rate applicable on the day of settlement of the loan will be used to calculate the applicable discounted fixed rate unless the rate has been secured by paying a Guaranteed Rate Fee, which must be selected at time of loan application. This offer cannot be used in conjunction with Suncorp’s current $1,500 Refinance Offer the terms of which are available here: www.suncorp.com.au/banking/loans/home-loans/refinancing-with-suncorp.
Access Equity Loan
∞ 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 Access Equity facilities with total new home lending in the Home Package Plus of >= $150,000, where borrowings <= 90% of the security property value (“LVR”) inclusive of lenders mortgage insurance (where applicable). Disclosed Interest Rate is based on Access Equity (currently variable interest rate of 6.44% p.a.) less package net discount of -1.95% p.a. Discount is applied for as long as the facility remains part of the Home Package Plus. Pre-approvals excluded.
Back to Basics Loan
** Advertised discounted rate valid from 22 February 2019, 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 -1.62% 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.
Standard Variable Loan
++ 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). Disclosed Interest Rate is based on Principal and Interest, Standard Variable (currently variable interest rate of 6.24% p.a.) less package net discount of -1.95% p.a. A discount is applied for as long as the loan remains part of the Home Package Plus. Rate and discount may be varied if the loan purpose or repayment type is changed. Pre-approvals excluded.
Fixed Loan
‡‡ Advertised rate valid from 14 September 2018 is subject to change without notice and may be withdrawn. Offer available for new Investment lending >= $150,000 where borrowings <= 90% of the security property value (LVR) inclusive of lenders mortgage insurance (where applicable). Disclosed Interest Rate is based on Principal and Interest, 5 Year Fixed Rate (currently fixed interest rate of 4.84% p.a.) less package fixed discount of -0.55% p.a. At the expiry of the Fixed Rate Term, the rate will revert to the then Standard Variable (currently variable interest rate of 6.24% p.a.) less the Home Package Plus Variable net discount (currently -1.95% p.a.) available at the time you entered into the Package. A discount is applied for as long as the loan remains part of the Home Package Plus. The rate and discount may be varied if the loan purpose or repayment type is changed. The applicable Standard Fixed Rate offered on the day of settlement of the loan will apply unless the rate is secured by paying a Guaranteed Rate Fee. Pre-approvals excluded.
Access Equity Loan
∞∞ 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 Access Equity facilities with total new home lending in the Home Package Plus of >= $150,000, where borrowings <= 90% of the security property value (“LVR”) inclusive of lenders mortgage insurance (where applicable). Disclosed Interest Rate is based on Access Equity (currently variable interest rate of 6.44% p.a.) less package net discount of -1.95% p.a. Discount is applied for as long as the facility remains part of the Home Package Plus. Pre-approvals excluded.