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Standard Variable Rate Home Loan

A low variable rate home loan with optional 100% mortgage offset capability

Current Special Offers

Rates are available with Home Package Plus

Owner-occupied Rates

+

Discounted Standard Variable Rate in Home Package Plus
New to bank lending >= $150,000
Maximum LVR 90% (incl. LMI)

Investor Rates

++

Discounted Standard Variable Rate in Home Package Plus
New to bank lending >= $150,000
Maximum LVR 90% (incl. LMI)

 

Why choose a Standard Variable Rate Home Loan?

The Standard Variable Home Loan offers a low variable rate and is a great way to save on interest through optional 100% mortgage offset capability when linked to your Everyday Options transaction account.

Whether you’re buying your first home, investing in property, or just looking for your current home loan to work harder for you, make your next property move with this variable home loan.

Key features

  • Low variable interest rate
  • Save on interest with optional 100% mortgage offset capability when linked to your Everyday Options transaction account
  • Statements are issued every 6 months

With options to suit your needs now

  • Suitable for personal or investment purposes
  • Suitable for construction loans
  • Principal and Interest or Interest-only repayment options
  • Loan terms from 8 to 30 years
  • Choose weekly, fortnightly, or monthly repayments

Getting the most from this home loan

  • Make additional repayments without penalty
  • Access additional repayments through our redraw feature Cashback
  • Split your loan across fixed and variable rates
  • Use our Add Loan feature to increase your borrowings
  • Include in our Home Package Plus for more savings & benefits

Compare all Home Loans

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+ Advertised rate valid from 18 October 2016, is subject to change without notice and may be withdrawn at any time before a credit contract is entered into. Rate available for new owner-occupied loans of at least $150,000 less than $500,000 where borrowings are less than 90% of the security property value (“LVR”) inclusive of lenders mortgage insurance. Rate includes a Package Variable Discount of 1.45% p.a. applied to the Bank’s Standard Variable Rate for owner-occupied lending (currently 5.40% p.a.). Discount is applied for as long as the loan remains part of the Home Package Plus and may be varied if the loan purpose is changed before settlement. New loans only, pre-approvals & investment lending excluded.

++ Advertised rate valid from 5 December 2016, is subject to change without notice and may be withdrawn at any time before a credit contract is entered into. Rate available for new investment loans of at least $150,000 where borrowings are less than 90% of the security property value ("LVR") inclusive of lenders mortgage insurance. Rate includes a Package Variable Discount of 1.55% p.a. applied to the Bank’s Standard Variable Rate for investment lending (currently 5.72% p.a. respectively). Discount is applied for as long as the loan remains part of the Home Package Plus and may be varied if the loan purpose is changed before settlement. New loans only, pre-approvals & owner-occupied lending excluded. 

# Each comparison rate is based on $150,000 over 25 years. WARNING: 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.

Loans are issued by Suncorp-Metway Ltd ABN 66 010 831 722 Australian Credit Licence number 229882 ("Suncorp Bank"). To approved applicants only. Fees, charges, terms and conditions apply and are available on request.

Borrowings

Allows you to increase the value of your existing home loan, useful for purposes like renovations subject to credit criteria

Split your loan

You can choose to split your loan and fix a portion of your borrowings at a fixed interest rate for greater budgeting certainty. At expiry all fixed rate loans revert to the Standard Variable rate

Repayment option

Interest only repayments subject to credit approval

Fixed Rate

Lock in your interest rate and repayment amount

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.