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Buying a second home

Variable Rate

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

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What is a 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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Discounted Back to Basics Variable Rate with Better Together Special Offer. Owner Occupied. New to bank lending >= $150,000. Maximum LVR 60%. Principal and Interest repayments.

Explore our home loan options


The effective date of any interest rates is 9 February 2024 unless shown otherwise within interest rate terms and conditions.

Unfortunately this product is not available for your requirements. Try changing your deposit range.

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

        LIMITED TIME OFFER        

Save up to $11,250!##

Pay no annual fee for the life of the loan if you take out a new Home Package
Plus home loan of $150k+.
That’s a saving of $11,250 over a 30 year loan.##

Available to eligible new home loan packages more than $150k.

        LIMITED TIME OFFER        

Save up to $11,250!##

Pay no annual fee for the life of the loan if you take out a new Home Package
Plus home loan of $150k+.
That’s a saving of $11,250 over a 30 year loan.##

Available to eligible new home loan packages more than $150k.

Easy application, fast approvals

Number 1

Apply Online

Once your loan has been submitted online, you will hear from your dedicated lender. We’ll reply within two hours or by the next business day to confirm the details provided and answer any questions you may have.

Apply online

Number 2

Indicative Approval

You can get pre-approval within 1 business day, providing everything in your online application checks out and there is nothing further to review. Alternatively, your lender may contact you for more information so we can progress you to the next stage. It is obligation-free and you can apply online more than once.

Number 3

Valuation & Verification

We will ensure everything is correct in your loan application and do a valuation of the property if applicable or required (which can vary depending on individual circumstances). Conditional approval can be issued while the valuation is in process.

Number 4

Fast Approvals

Providing steps 1 to 3 are successful, you can get final approval in about 1 week.

Here to help continue your journey

Your financial situation may have changed have changed since you took out your first home loan

Understand your borrowing power

Have you thought about what you’re going to do with your current property – keep it as an investment, or sell it before buying a second home to live in?  Assessing your existing home equity can help you understand how much you can borrow.

No matter what you choose to do, applying for pre-approval can help you know where your buying limit lies.  Pre-approval is 100% fee free, valid for 3 months and once approved you are under no obligation to lend with Suncorp.

Use cashback to access more money

If you’ve made extra repayments on your variable home loan you could access these funds via cashback, which could be a way to help pay for your next home.

Buy before selling or sell before buying?

You might be selling your home before you buy a new one, or buying before you sell. Either way its best to talk to one of our home loan specialists to understand what you can afford and ensure you’re aware of all the costs. They can work through the best way to structure and manage your mortgage.

Selling your existing property

If you’re starting to plan for how to sell your house, there are plenty of considerations and questions to ask: Are you thinking of renovating to add value to your home? Do you need help moving into your new home? Do you need legal advice to sell your property? We can make selling your home easier by arming you with information to help you through the process.

Helping you get there
Home loan calculators & resources

I’d like to learn more about…

Buying my first home

Buying my next home

Switching to Suncorp

Investing in a property

All home loan calculators

What could my repayments be?

How much could I borrow?

Stamp duty & concession calculator

Compare home loans

What makes us a great choice?

Security is top priority

We’re committed to protecting your personal information and providing you a safe banking environment.

Personalised service

One point of contact throughout your home loan journey, keeping you up to date every step of the way.

Make your next home loan 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. We’ll reply within two hours or by the next business day.

Save time, get started online

Are you buying a home or looking to refinance?
You can apply online in as little as 20 minutes.

What can I expect?

100% obligation free advice

Our experienced home lending team are happy to answer all your lending questions. They’ll call you within two hours (or next business day) to discuss your home lending needs. 

If you’d like to speak to someone straightaway, please call 13 11 55 Mon-Fri 8am-7pm and Sat-Sun 9am-2pm (AEST)

# COMPARISON RATE:
A comparison rate is a rate that indicates the true cost of a loan. This comparison rate is based on $150,000 over a term of 25 years and incorporates certain fees and charges that are applicable for the chosen product.

WARNING: This comparison rate applies 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.

*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 <= 70% 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 6.19% p.a.) is calculated by subtracting a discount of 2.46% from the Standard Back to Basics Variable Rate (currently 8.65% p.a.). 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. The discounted rate is available on eligible loans applied for from 19 January 2024.

+Discounted rate is only available for new Personal/Owner Occupied loans taken out as part of the Home Package Plus Special Offer >= $150,000 and borrowings <= 70% of the security property value (LVR) inclusive of lenders mortgage insurance (if applicable), with Principal and Interest repayments. The discounted rate (currently 6.29% p.a.) is calculated by subtracting a discount of 2.94% from the Standard Variable Rate (currently 9.23% p.a.). The discounted rate is only applicable to the Standard Variable loan while the loan remains in a Home Package Plus. Rates and discounts are subject to change. Pre-approvals excluded. The discounted rate is available on eligible loans applied for from 19 January 2024.

^Discounted rate is only available for Personal/Owner Occupied loans taken out as part of the Home Package Plus >= $150,000 and borrowings <= 80% of the security property value (LVR) inclusive of lenders mortgage insurance (if applicable), Principal and Interest repayments. The discounted rate (currently 6.49% p.a.) is calculated by subtracting a discount of 0.45% p.a. from the Standard 3 Year Fixed Rate (currently 6.94% p.a.). At the expiry of the 3 Year Fixed Rate Term, the loan will revert to the applicable Standard Variable Rate advertised at the time (currently 9.23% p.a.) less the Home Package Plus discount (currently 2.93% p.a.). The discounted rate is only applicable to the 3 Year Fixed Rate loan while the loan remains in a Home Package Plus. Rates and discounts are subject to change. The Standard 3 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. The discounted rate is available on eligible loans applied for from 15 December 2023.

##Home Package Plus Annual Fee

$375 annual package fee will be charged and reimbursed while package is active. Savings based on 30-year loan term. Offer subject to change.

Banking and home loans 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 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.

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What is a 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.

What is home loan cashback/redraw?

A home loan redraw facility allows you to request access to any extra repayments you’ve made into your home loan above and beyond the minimum required repayments.

What is an offset account?

An offset account is an everyday account that is linked to your home loan. You can deposit your salary and savings into that account (and sub-savings accounts) and the balance is then offset against the amount owing on your home loan.

What is an offset account?

An offset account is an everyday account that is linked to your home loan. You can deposit your salary and savings into that account (and sub-savings accounts) and the balance is then offset against the amount owing on your home loan.

What is home loan cashback/redraw?

A home loan redraw facility allows you to request access to any extra repayments you’ve made into your home loan above and beyond the minimum required repayments.

What are Fixed Rate home loan early payment fees?

What are Fixed Rate home loan early payment fees?
Additional repayments of up to $500 in excess of your minimum monthly repayment are permitted. After that, an Early Payment Interest Adjustment (EPIA) fee may apply. For more information, view our EPIA Brochure (PDF)

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