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Switching Your Home Loan to Suncorp Bank

If you are looking to renovate, upsize your home, or simply want to get more out of your home loan, we can help you find a home loan that works harder.

Choosing a new home loan

Taking the time to think about which home loan is best for you can save you big bucks in the long-term. Suncorp Bank has a great range of home loans to choose from, with competitive rates and features to help you manage your finances better. 

Our home loan features could make a big difference in helping you own your home sooner.

  • You have the ability to split your loan so that a portion is a fixed rate loan and the rest is a variable rate loan
  • Get an offset transaction account to help you reduce interest payable on your home loan
  • A line of credit or redraw facility can be an alternative to a credit card or personal loan
  • The ability to make additional repayments will help you reduce interest payable on your home loan
  • Change the frequency of your repayments to suit your situation

Compare our home loans to see which products offer the features that suit you best.

Refinancing

Refinancing your home loan simply means switching it to a new lender.

You may want to consider refinancing your home loan if you’re:

  • Planning a renovation and want to borrow against the equity in your home
  • Planning to buy your next home or an investment property
  • Coming out of your fixed-term period and looking for another deal
  • Dissatisfied with your current bank
  • Looking to consolidate your debt
  • Looking for a lower interest rate in line with market changes

The cost of refinancing

Refinancing gives you the ability to save lots of money in the long run, but keep in mind there may be upfront costs when exiting your current loan and switching to a new loan. This is particularly important to consider if you have a fixed rate loan as heavy early termination penalties may apply for breaking a fixed term. Other costs may include a settlement fee, new loan establishment fee, mortgage registration fee, loan fee and exit fees. Also, if you are borrowing more than 80% of the property value, you may be required to pay Lenders Mortgage Insurance. This isn’t transferable across lenders.

Why switch my home loan to Suncorp Bank?

We offer a range of home loans with great features, competitive rates backed by personal, expert service.

A great range of home loans

We offer a range of home loans with great features, competitive rates backed by personal, expert service. 

Personalised, expert service

Our experienced Home Loan Specialists are always happy to help. Contact us on 13 11 55, or drop into your nearest branch

Mobile Lenders

We understand that work and home demands make it difficult to find time to talk about home loans. So we have a team of mobile lenders who can come to you. You choose the time and place, and we’ll be there. Make an appointment with a mobile lender online.

Special offers on other Suncorp products

You can bundle your Suncorp products and save. Talk to us about credit cards, insurance, personal loans and anything else you need – and we can give you a great deal.

Experience around Australia

Established in 1902, Suncorp Bank has built deep connections with our customers throughout rural, regional and metropolitan Australia, and remains committed to supporting their growth

Supporting the communities we live and work in

We take an active role in protecting the community. See how.

Try out our repayment calculator today

Contact us to find out more

Book a visit with one of our friendly lenders