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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

Back to Basics

Owner-Occupied

Standard Variable

Owner-Occupied

Fixed Rate

Owner-Occupied

Access Equity

(Line of Credit - Owner-Occupied)

A low variable rate home loan with no ongoing account keeping fees. Make additional repayments without penalty and redraw these funds when needed. 

A variable rate home loan offering optional 100% mortgage offset capability. Make additional repayments without penalty and redraw these funds when needed. 

A home loan that offers the certainty of fixed repayments and a fixed interest rate for a period of 1, 2, 3 or 5 year terms. 

A low variable rate revolving line of credit to access as you need it. Draw down, repay and draw back up to your approved credit limit. 

Special offer available

Package available

Package available

Package available

Special offer rate

*

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

Package rate

+

Discounted Standard Variable Rate in Home Package Plus
New to bank lending >= $150,000
Maximum LVR 90%
 

Package rate

Discounted 1 Year Fixed Rate in Home Package Plus
New to bank lending >= $150,000
Maximum LVR 90%
 

Package rate

Discounted Access Equity Variable Rate in Home Package Plus
New to bank lending >= $150,000
Maximum LVR 90%

Annual package fee

N/A

Annual package fee

$375

Annual package fee

$375

Annual package fee

$375

Loan establishment fee

 

$0

For loans more than or equal to $150,000

 

$600

For loans less than $150,000 when you borrow less than 90% of the property value

 

$990

For loans less than $150,000 when you borrow more than or equal to 90% of the property value

Loan establishment fee

 

$0

When included in Home Package Plus

 

$600

When you borrow less than 90% of the property value

 

$990

When you borrow more than or equal to 90% of the property value

Loan establishment fee

 

$0

When included in Home Package Plus

 

$600

When you borrow less than 90% of the property value

 

$990

When you borrow more than or equal to 90% of the property value

Loan establishment fee

 

$0

When included in Home Package Plus

 

$600

When you borrow less than 90% of the property value

 

$990

When you borrow more than or equal to 90% of the property value

Account keeping fee

$0 per month

Account keeping fee

$0 when included in Home Package Plus

Normally $10 per month

Account keeping fee

$0 when included in Home Package Plus

Normally $10 per month

Account keeping fee

$0 when included in Home Package Plus

Normally $10 per month

Option to split loan1

Option to split loan1

Option to split loan1

Option to split loan1

Redraw facility2

Redraw facility2

Redraw facility2

Redraw facility2

N/A

100% mortgage offset3

100% mortgage offset3

100% mortgage offset3

100% mortgage offset3

Add loan facility4

Add loan facility4

Add loan facility4

Add loan facility4

Repayment frequency

Weekly

Fortnightly

Monthly

Repayment frequency

Weekly

Fortnightly

Monthly

Repayment frequency

Weekly or fortnightly payments may result in an Early Payment Interest Adjustment (EPIA)

Repayment frequency

When it suits you whilst the balance remains below the approved limit

Interest only option5

Monthly in arrears

Interest only option5

Monthly in arrears

Interest only option5

Monthly in arrears or annually in advance (1, 3 and 5 years)

Interest only option5

N/A

Additional repayments6

Additional repayments6

Additional repayments6

Up to $500 per month without penalty

Additional repayments6

Lenders mortgage insurance

Amount determined at application on loans >80% LVR

Lenders mortgage insurance

Amount determined at application on loans >80% LVR

Lenders mortgage insurance

Amount determined at application on loans >80% LVR

Lenders mortgage insurance

Amount determined at application on loans >80% LVR

Back to Basics

Find out more

Standard Variable

Find out more

Fixed Rate

Find out more

Access Equity

Find out more

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.

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# 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.

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. Variation fees 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 branch.

4 An Additional Loan is available (subject to satisfying our credit requirements) and fees and conditions may apply.

5 A maximum period of five years interest only repayments applies and is subject to you satisfying applicable Bank criteria.

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.

Home Package Plus discount 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 Settlement. Loan to Value Ratio (LVR) limits are inclusive of Lenders Mortgage Insurance (LMI) where applicable. Loans with LVR limits of 90% to ≤95% are only available with a repayment type of principal and interest. A repayment type of interest only is available on loans with an LVR limit < 90%.

Banking products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 to approved applicants only. Please read the relevant Product Information Document for Suncorp Bank Personal Deposit Accounts and the Terms and Conditions for Suncorp Accounts before making a decision regarding a Suncorp Bank transaction account. Fees, charges, terms and conditions apply and are available on request or at suncorp.com.au/banking/help-support/documents-forms.html.