Why choose a Fixed Rate Home Loan
Our Fixed Rate Home Loans provide the certainty of fixed repayments over a set term.
- 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
Our Special Offers, Package and Standard rates explained
Special Offer: For customers with eligible new home lending over $150,000
First Home Buyer Special Offer: For Owner Occupier first home buyers who have never previously purchased a property with eligible new Home Lending of over $150,000
Home Package Plus: For customer with eligible home lending over $150,000, which can be a combination of existing and new lending
Standard Interest Rate: For customers without a package and minimum lending requirement is only $10,000
Interest rates quoted below are inclusive of a discount margin which is deducted from the Standard Interest Rate`
Annual Package fee waived for new Home Package Plus customers – for the first year, save $375∇
Interest rates quoted below are inclusive of a discount margin of 0.15% for Home Package Plus. Special Offers are inclusive of a discount margin of 0.35%. Discounts are deducted from the Standard Interest Rate.
Home Package Plus Fee
$375 annually for Fixed Home Loans included in the Home Package Plus
Account Keeping Fee
$10 per month
Loan Establishment Fee
$600 for loans <90% LVR
$990 for loans >= 90% LVR
$0 where loan included in Home Package Plus
Amount determined at application on loans > 80% LVR
Guaranteed Rate Fee
Calculated at the higher of $600 or 0.15% of the Loan Amount prior to adding any fees or charges that are to be financed as part of the transaction
Will apply if you make additional repayments in excess of the $500 threshold in a month.
Home Loans provided to approved applicants only. Credit and lending criteria applies and is subject to change without notice.
+ Advertised rate valid from 12 September 2017, is subject to change without notice and may be withdrawn at any time before a credit contract is entered into. Rate available for new personal/owner-occupied purpose loans of at least $150,000 where borrowings are less than 90% of the security property value (“LVR”) inclusive of lenders mortgage insurance. Rate includes a Principal and Interest (P/I) Package Fixed Discount of 0.35% p.a. applied to the Bank’s P/I Standard 1 Year Fixed Rate for personal / owner-occupied lending (currently 4.04% p.a.). At expiry of the Fixed Rate period, the rate will revert to the then P/I Standard Variable Rate (currently 5.55% p.a.) less the P/I Home Package Plus Variable Discount (currently 1.76% p.a.) available at the time you entered into the Package. The P/I 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. P/I discount is applied for as long as the loan remains part of the Home Package Plus and repayment type is P/I. The discount may be varied if the loan purpose or repayment type is changed before settlement. Interest Only, pre-approvals and investment lending excluded.
++ Advertised rate valid from 1 November 2017 is subject to change without notice and may be withdrawn. Rate available for investment purpose 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 rate is principal and interest repayments, 2 Year Fixed Rate (currently 4.29% p.a.) with inclusive 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 Rate (currently 5.99% p.a.) less the applicable Home Package Plus discount (currently 0.75% p.a.) as specified in your credit contract. 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.
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 for Suncorp Bank Personal Deposit Accounts and the Terms and Conditions for Suncorp Accounts before making a decision regarding a Suncorp Bank transaction account. Fees, charges, terms and conditions apply and are available on request or at suncorp.com.au/banking/help-support/documents-forms.
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
Lock in your interest rate and repayment amount
A rate that is variable and is subject to change over the loan term.
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.