100% mortgage offset
Save on interest with a mortgage offset when your loan is linked to an Everyday Options bank account.
Unlimited additional repayments. Redraw additional repayments as cashback. Interest only repayment option subject to credit approval.
Package and save
Combine your home loan, bank account and other Suncorp products and save on interest and fees.
By switching to Suncorp Bank, you could save thousands
Receive $1,500 when you refinance your eligible home loan with Suncorp Bank
We’ll refund the annual $375 Home Package Plus fee for the life of the loan saving you up to $11,250 over a 30 year loan.
Receive a $1,000 cash payment where you take out an eligible home loan that requires Lenders Mortgage Insurance (LMI).
We’ll waive the annual package fee for the first year, saving you $375.
Offer valid from 27/03/2017 until withdrawn. The first annual package fee is waived for new Home Package Plus customers with new lending of at least $150,000.
Loan establishment fee
$600 for loans <90% LVR
$990 for loans >= 90% LVR
$0 with Home Package Plus
Account keeping fee
$0 with Home Package Plus
Mortgage offset fee
$75 one off fee
$0 with Home Package Plus
Amount and costs determined at application on loans > 80% LVR
Download the Lending Fees and Charges brochure
Pre-approval is based on your ability to repay a loan. It means that a lender has reviewed your application and determined that you’re in a good position to be able to pay back a loan for a specified amount.
Yes. You can make additional repayments to your Standard Variable or Back to Basics Home Loan at any time.
If you have a Fixed Rate Home Loan, additional repayments of up to a maximum of $500 in excess of your monthly repayment can be made without incurring extra fees.
Our Home Loan Cashback feature lets you redraw funds that you've paid in advance of your normal scheduled home loan repayments.
By making these additional payments to your variable loan, you’re paying off your home loan sooner.
You can still redraw this excess money at any time – for school and university expenses, a holiday, renovation, or any other purpose. This feature is available on Suncorp Bank Standard Variable and Back to Basics home loans.
If you have a standard home loan, the repayments you make will require you to pay off a portion of the principal as well as paying interest charges. An Interest-Only loan, however, will only require you to pay the interest charges but not any of the principal during the interest-only period. It is important to remember that your repayment amount will increase when your interest only period ends and you begin principal and interest repayments.
Deposit KickStart lets owner-occupiers use the equity in the home of a family member towards the purchase of your new owner-occupied home – to help kick start your dream. With Deposit KickStart, you can avoid the need of paying Lenders Mortgage Insurance without the 20% deposit.
To approved applicants only. Exclusions and max loan amounts apply. Fees and charges, including government fees and charges apply. Conditions apply to all products, loan options, discounts and packages and are available from Suncorp-Metway Ltd ABN 66 010 831 722. Australian Credit Licence Number 229882.
No. You won’t be charged for using the mobile lender service and all advice is obligation-free.
Things you should know
+ Discounted Standard Variable Rate with Home Package Plus
Advertised discounted rate valid from 13 December 2018, is subject to change without notice and may be withdrawn at any time. Offer available for new Personal/Owner Occupied loans >= $150,000 where borrowings <= 90% of the security property value (“LVR”) inclusive of lenders mortgage insurance (where applicable). Disclosed Interest Rate is based on Principal and Interest, Standard Variable (currently variable interest rate of 5.77% p.a.) less package net discount of -1.78% p.a. A discount is applied for as long as the loan remains part of the Home Package Plus. Rate and discount may be varied if the loan purpose or repayment type is changed. Pre-approvals excluded.
++ Discounted Standard Variable Rate with Home Package Plus
Advertised discounted rate valid from 14 September 2018, is subject to change without notice and may be withdrawn at any time. Offer available for new Investment >= $150,000 where borrowings <= 90% of the security property value (“LVR”) inclusive of lenders mortgage insurance (where applicable). Disclosed Interest Rate is based on Principal and Interest, Standard Variable (currently variable interest rate of 6.24% p.a.) less package net discount of -1.95% p.a. A discount is applied for as long as the loan remains part of the Home Package Plus. Rate and discount may be varied if the loan purpose or repayment type is changed. Pre-approvals excluded.
1 Refinance Offer
The Refinance Offer is applicable when you apply and settle an Eligible Home Loan with Suncorp Bank. An Eligible Home Loan is an owner occupied home loan that is: (1) applied for between 8 October 2018 – 30 June 2019 and settled by 29 September 2019; (2) refinanced from another financial institution; (3) $250,000 minimum loan refinance with a Loan to Value Ratio of 80% or less; (4) a Standard Variable or 2,3 or 5 Year Fixed Rate loan in the Home Package Plus (Line of Credit / Access Equity Special Offer is excluded), or Back to Basics Better Together Special; (5) not established in the name of a company, business or trust. Refinancing of an existing Suncorp Bank home loan or pre-approvals are ineligible for the Refinance Offer. A limit of one (1) payment of $1,500 will be made to a borrower and if there is more than 1 borrower one (1) payment will be made to them jointly. Each borrower, whether individually or jointly, can only ever receive a payment of $1,500 once. If any of the borrowers have received a payment whether individually or jointly under the Refinance Offer previously then no further payments will be made. The $1,500 cash payment will be credited to the linked Everyday Options account which forms part of the Home Package Plus; or to the transaction account linked to the Back to Basics Better Together Special only, within 30 days of the settlement date. Suncorp Bank reserves the right to terminate the 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.
2 First Home buyer – No annual ongoing fee
Is applicable for Owner Occupier first home buyers who have never previously purchased a property. All applicants for the loan must be first home buyers and take out an Eligible Home Loan with Suncorp Bank. An Eligible Loan is a First Home Buyers Special Offer Standard Variable or 5 Year Fixed Rate loan in the Home Package Plus (“Eligible Products”) with a minimum loan amount of $150,000. Provided at least one of the Eligible Products is selected, the loan may be split with (1) Back to Basics Variable Special Offer, (2) 1 Year Fixed Rate Special Offer in Home Package Plus, (3) 2 Year Fixed Rate in Home Package Plus or (4) 3 Year Fixed Rate in Home Package Plus. The annual package fee of $375 will be charged and refunded for the life of the loan, expiring only if the loan is closed or varied out of the product or package. Offer valid from 12/09/2017 and is subject to change without notice and may be withdrawn at any time before a credit contract is entered into.
3 First Home buyer – cash payment – LMI Insured Loan Offer
Is available to first home buyers with minimum new to bank lending of $150,000 in the Home Package Plus, with Principal and Interest repayments on one or both of the following products: First Home Buyers Standard Variable Special Offer and/or First Home Buyers 5 Year Fixed Rate Special Offer. Offer is valid for applications received on or between 23 January 2019 and 30 June 2019 and settled on or prior to 30 September 2019, with a Loan to Value Ratio of 80% or more on the total lending and where the loan is insured by Lenders Mortgage Insurance (LMI). A limit of one (1) payment of $1,000 will be made to a borrower and if there is more than 1 borrower one (1) payment will be made to them jointly. Each borrower, whether individually or jointly, can only ever receive a payment of $1,000 once. The $1,000 cash payment will be credited to the linked Everyday Options account which forms part of the Home Package Plus within 30 days of the settlement date. Suncorp Bank reserves the right to terminate the offer at any time. Applications subject to credit approval. Full terms and conditions will be included in our loan offer
4 Home Package Plus – annual fee waiver
Offer is subject to change without notice and may be withdrawn at any time before a credit contract is entered into.
Other things you should know
Loan to Value Ratio (“LVR”) limits are inclusive of Lenders Mortgage Insurance (LMI) where applicable. A repayment type of interest only is available on loans with an LVR limit <90%. At the expiry of the interest only period, the rate will convert to the applicable Principal &Interest Rate plus or minus any applicable margins specified in your credit contract.
For a full list of rates with discount margins displayed, please view our Home Lending Interest Rate Guide.
# 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.
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 and the 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.
Lenders Mortgage Insurance (LMI)
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.
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
Interest only repayments subject to credit approval
Lock in your interest rate and repayment amount
A rate that is variable and is subject to change over the loan term.
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.