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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

Badge Rate Dropped ! in Green Text & Yellow Background.

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
Badge Rate Dropped ! in Green Text & Yellow Background.

Standard
Variable

100% Home Loan Offset facility

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 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
Badge Rate Dropped ! in Green Text & Yellow Background.

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.

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.

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

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.

100% obligation free advice

Our experienced team are happy to answer all
your questions! We’ll call you within 24 hrs (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)

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.

# 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.

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.

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.

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