Extra $1,000 Bonus for Refinancing!

When you refinance to an eligible Suncorp Bank home loan.

Thank you to our heroes on the frontline

We appreciate the hard work of our teachers, emergency workers, doctors, nurses and medical support staff… Which is why we’re giving you an extra dose of cash when you refinance your eligible home loan with Suncorp Bank!

OR OR OR OR

Loan to Value Ratio (LVR)

LVR means Loan to Value Ratio and is inclusive of Lenders Mortgage Insurance (LMI).

$2,000 Refinance Cash Bonus1

+

$1,000 Frontline Extra2

where the total refinanced amount to Suncorp Bank is between $250,000 - $749,999.99 & LVR of <= 90%.

Loan to Value Ratio (LVR)

LVR means Loan to Value Ratio and is inclusive of Lenders Mortgage Insurance (LMI).

$3,000 Refinance Cash Bonus1

+

$1,000 Frontline Extra2

when the total loan amount refinanced to Suncorp exceeds $750,000 & LVR of <= 90%.

Available on the following home loans

Personal (Owner Occupied) and Investment

Principal & Interest or Interest Only repayments

All home loan products, excluding Access Equity

For new refinancers who apply before 10 July 2020 and settle by 10 November 2020. Refer to Things you should know set out below for eligibility criteria.

Limited time interest rate offer

Making the switch could save you thousands

Discounted 2 Year Fixed Rate in Home Package Plus. Owner Occupied. New to bank lending >= $150,000.
Maximum LVR 90%. Principal & Interest Repayments.

We make switching easy
Calculators & resources

Here's some handy links to help you decide if we're the right fit. Our home lending team will help every step of the way through your home loan refinance journey.

What makes us a great choice?

Canstar - Outstanding Value - Home Lender & Fixed Home Lender

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.

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 Benefits3, eligible customers can access savings of up to 15% from more than 100 retailers, so you can save when you shop.

Chat to us today, we’re here to help

Apply for refinance online

You could save thousands by switching your home loan to Suncorp. Apply online below - it only takes around 10 minutes!

100% obligation free advice

Our experienced team are happy to answer all
your questions! We’ll call you within 24 hrs (or next
business day) to discuss your home lending needs.

Things you should know

Refinance Cash Bonus Offer

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 10 July 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 30 days of the settlement date.

Frontline Extra Cash Bonus

2 If you meet the Refinance Cash Bonus Offer terms and conditions (set out above), AND are also a frontline worker during COVID-19 listed in the eligible occupation list (available for download here) determined solely by Suncorp Bank, you may also qualify for the Frontline Extra Cash Bonus Offer. If eligible, you will receive $1,000 in addition to the applicable Refinance Cash Bonus Offer payment set out in 1 above and subject to meeting the eligibility criteria set out above. Limit of one extra payment per borrower regardless of the number applications which may be eligible for the Frontline Extra Cash Offer. If there is more than one individual borrower, only one extra 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 30 days of the settlement date.

If required, Suncorp Bank may request confirmation that a borrower is currently working as frontline worker as per the Eligible Occupation Types.

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.

Discounted 2 Year Fixed Rate in Home Package Plus

‡ The discounted rate (currently 2.29% p.a.) is calculated by subtracting a discount of 0.45% from the Standard 2 Year Fixed Rate (currently 2.74% 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 1.94% 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 3 April 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

# 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.

See what you could save

** Potential savings are calculated using the information you have provided. Please note that the savings displaying are indicative only and do not represent the Bank making an offer of credit. All calculations assume that the interest rate and loan term will remain unchanged and you will make principal and interest repayments for the remaining loan term. Each calendar year has the following periods – 12 months, 26 fortnights and 52 weeks. No fees or charges have been factored into the above interest saving calculation. Please refer to Lending Fees and Charges for all applicable fees. If you have supplied your current interest rate, then total interest over the life of the loan is calculated by applying your interest rate to the amount still owing on your loan over the remaining loan term. If you have supplied your minimum repayment amount, then total interest over the life of the loan is calculated by subtracting the amount still owing on your loan from the total of all payments made in the remaining loan term. Potential interest savings are calculated by comparing the information you have provided to the above variable or fixed interest rates.

Suncorp Benefits

3 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 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.

Loan to Value Ratio (LVR)

LVR means Loan to Value Ratio and is inclusive of Lenders Mortgage Insurance (LMI).

Fixed Rate

Lock in your interest rate and repayment amount.

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.