Refinancing Your Home Loan | Suncorp

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Home Loan Refinance

Our lowest variable rate

Variable Rate

*

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.

Apply for refinance

        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.

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

We make switching easy

Step 1

Request a call back or get started online

Discuss your refinancing needs with a home lending specialist.

Talk to a home loan expert

or

You can apply online for refinancing in as little as 20 minutes, with no upfront credit checks.

Apply for refinance

Step 2

A helping hand

Whether you apply online or request a call back. We’ll reply within two hours or by the next business day.

All consultations are 100% obligation-free. If you decide Suncorp Bank is the right fit, they’ll help you through every step of the refinance process.

Sun self-service step 3

Fast approvals, ongoing support

On approval of your refinance application, we'll send you a loan contract. 

Once you’ve signed and returned the contract, your lending specialist will support you straight through to settlement.  





Why REFINANCE YOUR HOME LOAN WITH SUNCORP BANK



Your own home loan specialist

With Suncorp Bank, you’ll have one point of contact to answer your questions and offer assistance every step of the way.

 


Make things easy with the Suncorp App

It all comes together – your home loan, everyday banking, even your Suncorp Insurance. Manage them all in the fast, secure Suncorp App.





get some quick refinancing answers

We're ready to help

Chat to a lender

Our experienced home lending team are happy to answer your loan refinance questions. We’ll reply within two hours or by the next business day.

Talk to a home loan expert

Apply for refinance online

You might be able to save thousands by switching your home loan to Suncorp Bank. It takes as little as 20 minutes!


Apply for refinance

Currently a Suncorp Bank home loan customer?

Complete a home loan enquiry form, talk to your dedicated lender or send us a secure message via Internet Banking.

For immediate assistance, call 13 11 55 Mon-Fri 8am-7pm and Sat-Sun 9am-2pm (AEST)

We're ready to help

Chat to a lender

Our experienced home lending team are happy to answer your loan refinance questions. Within 24 hours or the next business day, they’ll be in touch to discuss your home loan refinancing.
 

Talk to a home loan expert

Apply for refinance online

You might be able to save thousands by switching your home loan to Suncorp Bank. It takes as little as 20 minutes!
 

Apply for refinance

Currently a Suncorp Bank home loan customer?

Complete a home loan enquiry form, talk to your dedicated lender or send us a secure message via Internet Banking.

 

For immediate assistance, 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 <= 60% 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 6.18% p.a.) is calculated by subtracting a discount of 2.47% 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 <= 60% of the security property value (LVR) inclusive of lenders mortgage insurance (if applicable), with Principal and Interest repayments. The discounted rate (currently 6.24% p.a.) is calculated by subtracting a discount of 2.99% 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.

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 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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