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Buying your first home

Highly competitive first home buyer loan rates & a dedicated home loan specialist to help you unlock that door sooner.

Low rates are only the beginning

Back to Basics

No ongoing account keeping fees

Most popular

Owner Occupied

Discounted Back to Basics Variable Rate with Better Together Special
New to bank lending >= $150,000
Maximum LVR 90%
Principal and Interest repayments
Comparison rate warning

Key features

 100% Mortgage Offset capability

 Redraw cashback facility

 Make additional repayments anytime

More about features & fees

Standard Variable

100% offset facility available

Exclusive first home buyer rate

Owner Occupied

Discounted Standard Variable Rate in Home Package Plus
Applicants must be first home buyers
New to bank lending >=$150,000
Maximum LVR 90%
Principal and Interest repayments
Comparison rate warning

Key features

 100% Mortgage Offset capability

 Redraw cashback facility

 Make additional repayments anytime

More about features & fees

Fixed Rate

Repayment & rate certainty

Exclusive first home buyer rate

Owner Occupied

Discounted 5 Year Fixed Rate in Home Package Plus
Applicants must be first home buyers
New to bank lending >= $150,000
Maximum LVR 95% (inc. LMI)
Principal and Interest Repayments
Comparison rate warning

Key features

 100% Mortgage Offset capability

 Redraw cashback facility

 Make additional repayments anytime

More about features & fees

View our Suncorp Bank home loan interest rates or generate a facts sheet for one of our loans.

Offers for first home buyers

Pay no annual fee for the life of the loan!

We’ll refund the annual $375 Home Package Plus fee for the life of the loan saving you up to $11,250 over a 30 year loan

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.

Receive a $2,000 Cash Bonus!

Available when you take out a Home Package Plus home loan of $250,000 or more.
Apply by 13 December 2019, settle by 5 March 2020.^^

See Things you should know for more detail.

Kickstart your loan

Using a guarantor

Deposit KickStart lets owner-occupiers use the equity in the home of a family member towards the purchase of your new owner-occupied home – meaning you can avoid the need of paying Lenders Mortgage Insurance without the 20% deposit.1

Low deposit options

Our Low Deposit Option enables you to borrow up to 95% of the property’s confirmed value and is available to owner occupiers.2

Talk to a home lending specialist about your options.

Getting you ready to buy

1. Know your budget

Buying a home is a major financial decision so it’s important to know what you can afford and the associated cost, so you can maintain a positive lifestyle once you have a mortgage.

A great way to boost your deposit is the First Home Buyers Grant; a government scheme offering a one-off grant to eligible first homers looking to be owner occupiers.

2. Do your research

Learn more about prospective houses with Property Explorer in the Suncorp App. You’ll find price guides, closest schools, and transport connections. You can even check the level of floors, fire and theft risk to your property.

Download the Suncorp App now

3. Get pre-approval

Pre-approval can help you know where your buying limit lies. If successful, you’ll be issued with a pre-approval letter that’s valid for 90 days. With this, you can more confidently make an offer on a house.

Pre-approval is 100% fee free and once approved you are under no obligation to lend with Suncorp. Read more about pre-approval.

The application will take about 10 minutes.

Apply for pre-approval

Home loan calculators

Home loan borrowing capacity calculator

Home loan repayment calculator

Stamp duty calculator

Lingo to know before you buy a home

Fixed Rates

A fixed interest rate is where the interest rate is fixed for a set period of time, so repayments remain constant for that period. 

Variable Rates

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.

Interest only

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

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.

More about Mobile Lenders

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.

Read our LMI fact sheet

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%).

Read the full home loan glossary

Chat to us today, we’re here to help

Apply for pre-approval

Make an offer on a property with more confidence. Pre-approval is 100% fee-free and obligation free.

Talk to a home lending specialist

We will call you within 24hrs (or next business day) to discuss your home lending needs.

For all queries about existing Suncorp Home Loans call 13 11 55 Mon-Fri 8am-6pm (AEST/AEDT)

The information is intended to be of a 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.

Any advice contained in this document has been prepared without taking into account your particular objectives, financial situation or needs. For that reason, before acting on the advice, you should consider the appropriateness of the advice having regard to your own objectives, financial situation and needs. Where the advice relates to the acquisition, or possible acquisition, of a particular financial product, you should consider the Product Disclosure Statement before making any decision regarding the product. Contact us for a copy.

* Discounted Back to Basics Variable Rate with Better Together Special Offer
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 3.18% p.a.) is calculated by subtracting a discount of 1.62% from the Standard Back to Basics Variable Rate (currently 4.80% p.a.). The discounted rate is available on eligible loans applied for from 17 September 2019. 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 Standard Variable Rate with Home Package Plus
Advertised discounted rate valid from 2 August 2019, is subject to change without notice and may be withdrawn at any time. Offer available for new Personal/Owner Occupied >= $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 5.38% p.a.) less package net discount of -1.79% 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.

‡ First Home Buyer Special Offer – Discounted 5 Year Fixed Rate in Home Package Plus
Discounted rate special offer is only available for new personal/owner occupied loans taken out as part of the Home Package Plus >= $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 3.59% p.a.) is calculated by subtracting a discount of 0.15% p.a. from the Standard 5 Year Fixed Rate (currently 3.74% 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 5.38% p.a.) less the Home Package Plus discount (currently 1.79% 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 19 July 2019. 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.

# COMPARISON RATE WARNING:
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.

^^ $2,000 Cash Bonus
The Home Loan Cash Bonus (the “Cash Bonus”) is applicable when you are approved for and settle an Eligible Home Loan with Suncorp Bank. An Eligible Home Loan is a home loan that is: (1) applied for between 2 September – 13 December 2019 and settled by 5 March 2020; (2) a loan amount of at least $250,000 in new to bank lending with a Loan to Value Ratio of 90% or less; (3) Purchase or Refinance, for Owner Occupied or Investment purposes (4) a Standard Variable or 1, 2, 3 or 5 Year Fixed Rate loan in the Home Package Plus; (5) Back to Basics & Line of Credit / Access Equity is excluded, except when application is split with another eligible loan product of at least $250,000; (6) not established in the name of a company, business or trust. Refinancing of an existing Suncorp Bank home loan or pre-approvals are ineligible for the Cash Bonus. The Cash Bonus cannot be taken in conjunction with “Switch & Save” Offer or any other cash promotional offer, unless expressly stated otherwise. A limit of one (1) payment of $2,000 will be made to a borrower and if there is more than 1 borrower one (1) payment will be made to them jointly. Each borrower, whether individually or jointly, can only ever receive a payment of $2,000 once. If any of the borrowers have received a payment whether individually or jointly under the Cash Bonus previously then no further payments will be made. The $2,000 cash payment will be credited to the linked Everyday Options account which forms part of the Home Package Plus, within 30 days of the settlement date. Suncorp Bank reserves the right to vary or withdraw the Cash Bonus at any time. Applications subject to credit approval. Fees, and charges may be applicable. Full terms and conditions will be included in our loan offer. Depending on your financial circumstances, you should obtain independent advice before making any decisions regarding the Cash Bonus.

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).

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

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. For more information about the comparison rate and the comparison rate warning, please refer to the things you should know section of this page.