No ongoing account keeping fees
100% Home Loan Offset facility
Exclusive first home buyer rate
Repayment & rate certainty
Exclusive first home buyer rate
Limited time offer
No annual fee for the life of the loan∇
Saving you up to $11,250 over a 30-year period.
Applicable for Owner Occupier First Home Buyers who have never previously purchased a property. An eligible home loan is a First Home Buyers Standard Variable Special Offer or First Home Buyers 5 Year Fixed Rate Special Offer with minimum new home lending in the Home Package Plus of $150,000.
A fixed interest rate is where the interest rate is fixed for a set period of time, so repayments remain constant for that period.
A variable interest rate changes from time to time based on underlying rules, regulations and the cash rate determined by the Reserve Bank.
Principal & Interest
The repayments you make will require you to pay off a portion of the principal as well as paying interest charges. This enables your loan to be paid off during its loan term.
During the interest only period, you are only required (as a minimum) to pay the interest. When the interest only period ends, your repayments will increase to ensure the loan is paid off during the remaining loan term.
Home Loan Packages
Having multiple accounts with different banks can get messy and complicated when making repayments. A home loan package allows you to combine your eligible home loan, transaction account and other products into a single package to make life simper for you.
Mobile Lenders are your own dedicated home loan specialists. They provide one point of contact throughout, keeping you up to date every step of the way. They are available 7 days a week and will meet at a time & place that suits you. In some cases, our Mobile Lenders can even approve your new home loan on the spot.
Lenders Mortgage Insurance (LMI)
If you are borrowing more than 80% of the banks determined property value, you will be required to pay LMI.
LMI 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.
Loan Value Ratio (LVR)
Your LVR measures the amount of the loan, compared to the banks determined value of the property. Say you want to buy a house for $500,000 and you have saved up $50,000 as a deposit. Your initial LVR would be 90%: (450,000 / 500,000 = 90%).
Chat to us today, we’re here to help
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 First Home Buyers Standard Variable Rate with Home Package Plus
+Discounted rate is only available for new Personal/Owner Occupied loans taken out as part of the Home Package Plus First Home Buyer Special Offer >= $150,000 and borrowings <= 95% of the security property value (LVR) inclusive of lenders mortgage insurance (if applicable), with Principal and Interest repayments. The discounted rate (currently 3.04% p.a.) is calculated by subtracting a discount of 1.94% from the Standard, Standard Variable Rate (currently 4.98% p.a.). The discounted rate is only applicable to the Standard Variable loan while the loan remains in a Home Package Plus. The discounted rate is available on eligible loans applied for from 20 March 2020, for Owner Occupier first home buyers who have never previously purchased a property; all applicants for the loan must be first home buyers. Rates and discounts are subject to change. Pre-approvals excluded.
Discounted 5 Year Fixed Rate in Home Package Plus
‡Discounted rate is only available for new personal/owner occupied loans taken out as part of the Home Package Plus First Home Buyer Special Offer >= $150,000 and borrowings <= 95% of the security property value (LVR) inclusive of lender’s mortgage insurance (if applicable), with Principal and Interest repayments. The discounted rate (currently 2.69% p.a.) is calculated by subtracting a discount of 0.45% p.a. from the Standard 5 Year Fixed Rate (currently 2.84% p.a.). At the expiry of the 5 Year Fixed Rate Term, the loan will revert to the applicable Standard Variable Rate advertised at the time (currently 4.98% p.a.) less the Home Package Plus discount (currently 1.94% p.a.). The discounted rate is only applicable to the 5 Year Fixed Rate loan while the loan remains in a Home Package Plus. The discounted rate is available on eligible loans applied for from 20 March 2020. Rates and discounts are subject to change. The Standard 5 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. Offer available for Owner Occupier first home buyers who have never previously purchased a property; all applicants for the loan must be first home buyers. Pre-approvals excluded.
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. Comparison rates for Interest Only Fixed Rate home loans are based on an initial Interest Only period equal in length to the fixed rate period. Comparison rates for Interest Only Variable home loans are based on an initial 5 year Interest Only period.
∇ No annual fee for the life of the loan valid from 12/09/2017 and is subject to change without notice and may be withdrawn at any time before a credit contract is entered into. The annual package fee of $375 will be charged and refunded for the life of the loan, expiring only if the loan is closed or varied out of the product or package.
1. To approved applicants only. Exclusions and max loan amounts apply. Fees and charges, including government fees and charges apply. Conditions apply to all products, loan options, discounts and packages and are available from Suncorp-Metway Ltd ABN 66 010 831 722. Australian Credit Licence Number 229882.
2. To approved applicants only. Exclusions and maximum loan amounts apply. Suncorp Bank will lend you 95% of the purchase price or valuation (whichever is the lower). You will need to contribute all bank, legal and government fees and charges associated with the purchase of the property. Lenders Mortgage Insurance will be required and may be included in loan amount (conditions apply).
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 request or on our Product Information Documents and Forms page.
A rate that is variable and is subject to change over the loan term.
Lock in your interest rate and repayment amount
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.