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Fixed Rate Home Loan

Enjoy the peace of mind of a Fixed Rate Home Loan

Current offers

Rates are available with Home Package Plus

Owner-occupied rates

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

 

Investor rates

‡‡

Discounted 2 Year Fixed Rate in
Home Package Plus
With total lending within >= $150,000
Maximum LVR 90%
Principal and Interest repayments

Why choose a Fixed Rate Home Loan

Our Fixed Rate Home Loans provide the certainty of fixed repayments over a set term.

Key features

  • Fixed interest rate and repayments
  • At expiry of the fixed term, the loan will automatically revert to the Standard Variable rate
  • Option to refix the interest rate at expiry of initial fixed term for a further fixed period at current prevailing fixed rates
  • Option to lock in a rate at the time of application
  • Statements are issued every 6 months

With options to suit your needs now

  • Suitable for personal or investment purposes
  • Choice of fixed terms from 1,2, 3, or 5 year fixed terms
  • Principal and Interest or Interest Only repayment options
  • Loan terms from 8 to 30 years
  • Monthly repayments on fixed loans 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

Getting the most from a Fixed Rate Home Loan

  • Make additional repayments of up to $500 per month without penalty (find out more about EPIA)
  • Split your loan across fixed and variable rates
  • Include in our Home Package Plus for more savings & benefits

Compare all home loans

Apply for Home Loan Pre-Approval

Find out how much you may be able to borrow so you can make an offer on a property with more confidence.

Try out our repayment calculator today

Contact us to find out more

Book a visit with one of our friendly lenders

‡ Advertised discounted rate valid from 28 March 2018, is subject to change without notice and may be withdrawn. 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, 1 Year Fixed Rate (currently fixed interest rate of 4.04% p.a.) less package fixed discount of -0.35% p.a. At the expiry of the Fixed Rate Term, will revert to the then Standard Variable (currently variable interest rate of 5.60% p.a.) less the Home Package Plus Variable net discount (currently -1.81% p.a.) available at the time you entered into the Package. A discount is applied for as long as the loan remains part of the Home Package Plus. The rate and discount may be varied if the loan purpose or repayment type is changed. The Standard Fixed Rate offered on the day of settlement of the loan will apply unless the rate is secured by paying a Guaranteed Rate Fee. Pre-approvals excluded.

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.

‡‡ Advertised rate valid from 17 July 2018 is subject to change without notice and may be withdrawn. Offer available for Investment lending where total home lending in the Home Package Plus (HPP) >= $150,000 where borrowings <= 90% of the security property value (LVR) inclusive of lenders mortgage insurance (where applicable). Disclosed Interest Rate is Principal and Interest, 2 Year Fixed Rate (currently fixed interest rate of 4.14% p.a.) less package fixed discount of -0.15% p.a. At the expiry of the Fixed Rate Term, the rate will revert to the then Standard Variable (currently variable interest rate of 6.07% p.a.) less the Home Package Plus Variable net discount (currently -0.75% p.a.) available at the time you entered into the Package. A discount is applied for as long as the loan remains part of the Home Package Plus. The rate and discount may be varied if the loan purpose or repayment type is changed. The applicable Standard Fixed Rate offered on the day of settlement of the loan will apply unless the rate is secured by paying a Guaranteed Rate Fee. Pre-approvals excluded.

`For a full list of Standard rates with discount margins displayed, please view our Home Lending Interest Rate Guide.

Offer valid from 27/03/2017 until withdrawn. The first annual package fee is waived for new Home Package Plus customers with new lending of at least $150,000. The annual package fee of $375 is charged and refunded to the loan. Offer is subject to change without notice and may be withdrawn at any time before a credit contract is entered into.

The Home Package Plus (HPP) discounts 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. A repayment type of interest only is available on loans with an LVR limit < 90%. At the expiry of the Interest Only term, the rate will convert to the applicable Principal & Interest Rate less any applicable margin discount specified in your credit contract.

The standard Fixed Rate offered on the day of settlement of the loan will apply unless the rate is secured by paying a Guaranteed Rate Fee. At expiry of the fixed rate period, the rate will revert to the applicable Standard Variable Interest Rate less any applicable margin discount specified in your credit contract. The Interest Only period on a Fixed Rate must equal the Fixed Rate term.

^^ Annual package fee waiver applies to owner-occupied first home buyers (i.e. have never purchased a property) who take out a Home Package Plus with a new Standard Variable Rate or 5 Year Fixed Rate loan of at least $150,000. 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. Offer 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.

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. Comparison rates for Interest Only Fixed Rate home loans are based on an initial Interest Only period equal in length to the fixed. Comparison rates for Interest Only Variable home loans are based on an initial 5 year Interest Only period.

Lenders Mortgage Insurance (LMI)

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.

Split your loan across fixed and variable rates

You can choose to split your loan and keep a portion of your borrowings at a variable interest rate, allowing you the option to make additional repayments in excess of $500 without penalty /redraw on the variable component

Option to lock in a rate at the time of application

As Fixed Rates are determined at settlement of your loan, our Guaranteed Rate Fee removes this uncertainty by fixing the rate at application for up to 90 days to protect you from unforeseen increases before loan settlement

Principal + Interest or Interest-only repayment options

Interest only repayments subject to credit approval

Fixed Rate

Lock in your interest rate and repayment amount

Variable Rate

A rate that is variable and is subject to change over the loan term.

Split your loan

You can choose to split your loan and fix a portion of your borrowings at a fixed interest rate for greater budgeting certainty. At expiry all fixed rate loans revert to the Standard Variable rate

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.