Your browser version is no longer supported, so you may experience issues while using this site.
Please upgrade to a current browser to enjoy the best experience.

Buying a second home

Variable Rate

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

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.

Discounted Back to Basics Variable Rate with Better Together Special Offer. Owner Occupied. New to bank lending >= $150,000. Maximum LVR 80%. Principal and Interest Repayment.

Great rates means more for you

Back to Basics
Our lowest variable rate

Our low rate & low fee home loan

Owner Occupied

Discounted Back to Basics Variable Rate with Better Together Special Offer. Owner Occupied. New to bank lending >= $150,000. Maximum LVR 80%. Principal and Interest Repayment.

Standard Variable
Variable rate with offset

Most popular

Owner Occupied

Discounted Standard Variable Rate in Home Package Plus. Owner Occupied. New to bank lending >= $150,000. Maximum LVR 80%. Principal and Interest repayments.

Fixed Rate
Fixed rate & term

Set your rate for 1, 2, 3 or 5 years

Owner Occupied

Discounted 2 Year Fixed Rate in Home Package Plus (HPP). Owner Occupied. New to bank lending in the HPP >= $150,000. Maximum LVR 80%. Principal and Interest repayments.

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

Applying is simple, get started online

Apply Online

Once the online application has been submitted, you will hear from your dedicated lender within the next business day to confirm the details provided and answer any questions you may have.

Apply now

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.

Valuation & Verification

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

Final Approval

Providing steps 1 to 3 are successful, you can get final approval in about 1 week! You will hear from your lender and they will guide you through to Settlement.

Normal waiting periods may be impacted due to COVID19, however, we will always aim to get back to you as soon as possible.

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, tools, and services to guide you through the process.

Receive up to $3,000 Cash Bonus1

when you refinance to an eligible Suncorp Bank home loan

For refinancers apply by 18 December 2020 and settle by 26 March 2021.
$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

Canstar outstanding value for fixed home lender & home lender

Awarded for outstanding value

Our home loans have been awarded for Outstanding Value by Canstar to owner-occupiers across the variable and fixed-rate loan terms considered in these ratings. Canstar Research found owner-occupiers with a 5-Star Rated home loan tended to have access to lower interest rates compared to the market average.

What makes us a great choice?

Award winning!

We’ve been awarded for Outstanding Value by CANSTAR for owner-occupiers across our Variable and Fixed Rate home loans, and Money Magazine Bank of the Year 2018, 2019 & 2020.

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.

Discounts

With Suncorp Benefits, eligible customers can access savings of up to 15% from major retailers, so you can save when you shop.^^

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 home lending team are happy to answer all your questions. They'll call you within 24 hours to discuss your home lending needs.

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

# 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. 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 <= 80% 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 2.54% p.a.) is calculated by subtracting a discount of 1.86% from the Standard Back to Basics Variable Rate (currently 4.40% p.a.). The discounted rate is available on eligible loans applied for from 19 November 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.

+ 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 <= 80% of the security property value (LVR) inclusive of lenders mortgage insurance (if applicable), with Principal and Interest repayments. The discounted rate (currently 2.64% p.a.) is calculated by subtracting a discount of 2.34% from the Standard, Standard Variable Rate (currently 4.98% 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 19 November 2020. Rates and discounts are subject to change. Pre-approvals excluded.

^ The discounted rate (currently 1.89% p.a.) is calculated by subtracting a discount of 0.45% from the Standard 2 Year Fixed Rate (currently 2.34% p.a.) and only applicable while the loan remains in the Home Package Plus. At expiry of the 2 Year Fixed Rate Term, the loan will revert to the applicable Standard Variable Rate advertised at the time (currently 4.98% p.a.) less the Home Package Plus discount (currently 2.34% p.a.). LVR means Loan to Value Ratio, stated above & inclusive of Lenders Mortgage Insurance (LMI). Refinance of existing Suncorp Bank loans and pre-approvals are excluded. 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. Current standard fixed rates and discounts are subject to change without notice. This limited time offer is valid from 19 November 2020 and Suncorp Bank reserves the right to vary or withdraw this offer at any time. Please refer to the Home Package Plus Terms and Conditions booklet for full Terms and Conditions of the Package.

1 In addition to the conditions listed above, the Refinance Cash Bonus Offer is only available when you are approved for and settle an Eligible Home Loan with Suncorp Bank which must also meet the following criteria: (1) Pre-approvals must be fully approved before 18 December 2020 (2) cannot be a refinance of an existing Suncorp Bank home loan; (3) 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 customer must hold a Suncorp transaction account held in the name of all borrowers to be eligible for the offer, if one is not held, one will be opened with payment credited within 60 days of the settlement date.

Suncorp Bank reserves the right to vary or withdraw the Refinance Cash Bonus Offer or the Frontline Extra 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.

^^ Correct as at May 23, 2019. The Reward and Recognition program ("Suncorp Benefits") is being operated by Loyalty Corp Australia Services Pty Ltd ABN 39 615 958 873. To be eligible for Suncorp Benefits you must hold a current eligible personal policy or service with Suncorp or an eligible personal product or service from one of the brands in the Suncorp Network. Full Terms and Conditions are available here. Eligibility criteria and limits apply

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 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.

Live chat

Chat to us online now