Protecting & maintaining your home
Yes. You can make additional repayments to your Standard Variable or Back to Basics Home Loan at any time.
If you have a Fixed Rate Home Loan, additional repayments of up to a maximum of $500 in excess of your monthly repayment can be made without incurring extra fees.
The interest payable on your linked home loan is calculated on the balance owning, less the balance of your Everyday Options account and any Sub-accounts (excluding any flexiRates). You’ll pay less interest on your loan when you have money in your Everyday Options account in offset mode.
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1 You need to apply for Cashback which is available subject to conditions specified in the contract. Please read those conditions carefully. Available Cashback may exclude any recent cheque, direct debit or pay at post payments and external transfers cannot be performed using online Cashback. For some transactions, a Cashback fee may be charged with a rebate shown (if applicable).
2 A Mortgage Offset facility can be established by linking your Everyday Options account to the loan account and having it in offset mode. A Mortgage Offset Fee may apply to link the 100% Home Loan Offset facility to your home loan, which is waivered under the Home Package Plus. The Mortgage Offset fee is charged to your linked loan account.
3 A minimum amount for each split is $10,000. Additional charges may be incurred for additional loans, unless held in a Home Package Plus.
4 For Fixed Rate Home Loans, an Early Payment Interest Adjustment (EPIA) applies if more than the prepayment allowance (currently $500.00 per month) is paid in excess of the agreed monthly repayment. The EPIA also applies if the loan is repaid in full or the agreed fixed rate period is broken for any reason. EPIA applies to the whole amount prepaid. Find out more information on EPIA or ask in branch for our EPIA brochure.
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.