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Investing in property

Information, tools & services to help guide you through the process of investing in property.

Get started online Talk to a home loan expert

No fuss. Just great rates.

Back to Basics
Our lowest variable rate
Our low rate & low fee home loan

Investor

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

Standard Variable
Variable rate with offset
Most popular

Investor

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

Fixed Rate
Fixed rate & term
Set your rate for 1, 2, 3 or 5 years

Investor

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

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

Getting you ready to invest

Lenders Mortgage Insurance

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.

Using equity to enhance your borrowing power

Equity in an existing property can be used to secure funding for a deposit on a new investment property.  If you do this with Suncorp Bank, you can borrow up to 90% of the property value (inclusive of Lenders Mortgage Insurance).

Consider what investment strategy might work best

To make the most of your property investment, consider a range of property investment strategies such as positive cash flow, negative cash flow and depreciation.

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.

Receive up to $3,000 Cash Bonus1

when you refinance to an eligible Suncorp Bank home loan

For refinancers who apply by 10 July 2020 & settle by 10 November 2020.
$2,000 for $250,000 – $749,999, or $3,000 if exceeds $750,000, LVR < = 90%

Refer to Things You Should Know for more detail.

Get started online  Book appointment


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 the interest being charged will not increase 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, Everyday Options 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

Make your next move with confidence

What can I expect?

Whether you want to get pre-approval, a new loan or refinance your existing loan with Suncorp, you can apply quickly online. Your dedicated lender will review your application and reach out to you in the next business day to discuss your options and answer any questions you have.

Save time, get started online

Are you buying a home or looking to refinance?
You can apply online in around 10 minutes.

What can I expect?

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.

Learn more about our Home Loans COVID-19 Support

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

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 investment rate with Better Together special
** Discounted rate is only available for new Investment 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 3.08% p.a.) is calculated by subtracting a discount of 1.74% from the Standard Back to Basics Variable Rate (currently 4.82% 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.

Discounted Standard Variable Investment Rate with Home Package Plus
++ Discounted rate is only available for new Investment loans taken out as part of the Home Package Plus 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. The discounted rate (currently 3.34% p.a.) is calculated by subtracting a discount of 2.11% from the Standard, Standard Variable Rate (currently 5.45% 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 3 April 2020. Rates and discounts are subject to change. Pre-approvals excluded.

Discounted 2 Year Fixed Investment Rate in Home Package Plus
‡‡ Discounted rate is only available for new Investment loans taken out as part of the Home Package Plus Special Offer >= $150,000 and borrowings <= 80% of the security property value (LVR) inclusive of lenders mortgage insurance (if applicable), with Principal and Interest repayments. The discounted rate (currently 2.79% p.a.) is calculated by subtracting a discount of 0.45% from the Standard 2 Year Fixed Rate (currently 3.24% p.a.). At expiry of the 2 Year Fixed Rate Term, the loan will revert to the applicable Standard Variable Rate advertised at the time (currently 5.45% p.a.) less the Home Package Plus discount (currently 2.14% p.a.). The discounted rate is only applicable to the 2 Year Fixed Rate loan while the loan remains in a Home Package Plus. The discounted rate is available on eligible loans applied for from 3 April 2020. Rates and discounts are subject to change. The Standard 2 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. 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.

Refinance Cash Bonus Offer
1 In addition to the conditions listed, the Refinance Cash Bonus Offer is only available when you are approved for and settle an Eligible Home Loan with Suncorp Bank. An Eligible Home Loan is a home loan that (1) is for personal/owner occupied or investment purposes (2) LVR means Loan to Value Ratio and must be less than or equal to 90% inclusive of Lender’s Mortgage Insurance (3) excluding access equity, lines of credit or refinance of existing Suncorp Bank home loans (4) pre-approvals must be fully approved by Suncorp Bank before 10 July 2020 (5) where total refinance amount to Suncorp Bank is (i) between of $250,000 – $749,999.99, a payment of $2,000 will be made to the borrower; or (ii) where the total refinance amount exceeds $750,000, a payment of $3,000 will be made to the borrower. Limit of one payment per borrower regardless of the number applications which may be eligible. If there is more than one individual borrower, only one payment will be made to them jointly.

The payment will be credited to a Suncorp Bank transaction account in the name of all borrower/s only within 30 days of the settlement date.

Suncorp Bank reserves the right to vary or withdraw the Refinance Cash Bonus Offer 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 any cash bonus offers made by Suncorp Bank.

+ A maximum period of five years interest only repayments applies and is subject to you satisfying applicable Bank criteria. Before choosing an interest-only repayment option, it’s important you understand the potential risks associated with this product feature. As the name suggests, interest-only repayments means you’ll repay the interest charges but you are not required to repay the principal during the interest-only period. Since repayments to reduce the principal are not being made during the interest-only period, the full loan amount will still be due at the end of the interest-only period. You will pay more in interest than if you made principal and interest repayments.

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, Lending Fees and Charges and the Home Package Plus 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.

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.

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

Lenders Mortgage Insurance

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.

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