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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.

See how our Home Loans size up.

Standard Variable

Back to Basics

Fixed Rate

Access Equity
(Line of Credit)

Features

Eligible for
Home Package Plus

Find out more

Interest Type

Variable

Basic Variable

Fixed for a period
1,2,3 or 5 Year Fixed Terms

Variable

Ability to 'split'1

Not during the fixed rate period

Redraw facility Cashback2

N/A

100% Mortgage Offset3

Add Loan facility4

Repayments

Frequency

Weekly, fortnightly or monthly

Weekly, fortnightly or monthly

Monthly repayments are recommended. A choice of weekly or fortnightly repayments are available but may result in an Early Payment Interest Adjustment (EPIA). Find out more about EPIA

 

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

Interest Only option5

Yes; monthly in arrears

Yes; monthly in arrears

Yes; monthly in arrears or annually in advance (1, 3 and 5 years)

N/A

Ability to make lump sum or extra repayments6

Make additional repayments of up to $500 per month without penalty

Fees

Home Package Plus
Annual Fee

$375

N/A

$375

$375

Loan Establishment Fee

$600 for loans <90% LVR

$990 for loans >= 90% LVR

$0 where loan included in Home Package Plus

Nil for loans >= $150,000

$600 for loans < $150k <90% LVR

$990 for loans < $150k >= 90% LVR

$600 for loans <90% LVR

$990 for loans >= 90% LVR

$0 where loan included in Home Package Plus

$600 for loans <90% LVR

$990 for loans >= 90% LVR

$0 where loan included in Home Package Plus

Account Keeping Fee

$10 per month

$0 where loan included in Home Package Plus

Nil

$10 per month

$0 where loan included in Home Package Plus

$10 per month

$0 where loan included in Home Package Plus

Lenders Mortgage Insurance

Amount determined at application on loans > 80% LVR

Amount determined at application on loans > 80% LVR

Amount determined at application on loans > 80% LVR

Amount determined at application on loans > 80% LVR

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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.
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.

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.

Loans are issued by Suncorp-Metway Ltd ABN 66 010 831 722 Australian Credit Licence number 229882 (“Suncorp Bank”). To approved applicants only. Fees, charges, terms and conditions apply and are available on request.