Back to Basics

Our Back to Basics home loan is just that…..Basic. A low variable rate loan that doesn’t charge you for features you don’t need.

  • Low discounted variable rate
  • No monthly account keeping fees 
  • The flexibility of making additional repayments when you want, how you want
Our home loans
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13 11 75
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Loan Type
  • Variable Rate Loan
  • Your minimum repayment may rise and fall in line with interest rate changes in the market place. If interest rates fall, you may lower your repayments or continue with the same repayments and pay off your loan sooner.
Purpose
  • Personal
  • Investment
  • Low-Doc for self-employed people1
Loan Term
  • 8 to 30 years
Maximum Loan Amount
  • Up to 95% of the purchase price or valuation, whichever is the lower2
Repayment Flexibility
  • Choose weekly, fortnightly or monthly repayments. Make repayments direct from a Suncorp Transaction Account, in a branch, over the phone or via the internet.
Interest Only Repayments
  • Choose interest only repayment periods4
Additional Repayments
  • Have the flexibility to make additional repayments with no penalty

Ability to 'Split'
  • You can choose to ‘lock in’ the interest rate on part of the loan by selecting a fixed rate but still have access to additional features and flexibility on the remaining variable rate portion of the loan.

Split Loan
Redraw Facility (Cashback)
  • Access to any extra money you have deposited to your home loan with Suncorp Bank Cashback5
  • Minimum redraw of $1,000
  • One free Cashback transaction per calendar month6
Deposit Kick Start
  • Use the equity in the home of a family member or friend towards the purchase of your new owner occupied home.
  • We may lend you up to 110%3 of the purchase price or valuation; whichever is the lower amount.
  • You will save money as Lenders Mortgage Insurance is not required.
Access to Extra Funds
  • Use the equity in your home to access extra money quickly with our Add Loan facility.
Statements
  • Statements are issued every 6 months or more often if you request this.
Discounts
  • If you have a Back to Basics loan $250,000 and above with Suncorp Bank, we offer a Back to Basics discount option that may assist in helping you reach that goal of paying off your loan sooner.
  • This option takes into account the balance of your individual home loan with Suncorp Bank and applies a discount margin to the interest rate to the Back to Basics Loan.7
  • Individual Home Lending $250,000 and above - a discount of 0.10% p.a. (approximate savings value of $100 per $100,000 loan balance outstanding)

 

Loan Establishment Fee
  • $600
Account Keeping Fee
  • Nil
Mortgage Insurance
  • If applicable, for Full Doc loans over 80% loan to value ratio or Low Doc loan over 60% loan to value ratio.

For a complete guide to the fees and charges on our loans, please download the Lending Fees and Charges brochure or obtain a copy from a Suncorp branch near you.

Get in touch

Our Home Loan Specialists are easy to contact– online, face-to-face, or over the phone on 13 11 75.

 

  • Enquire online and a Home Loan Specialist will help you find a loan that best suits your needs.
  • Arrange an appointment with a Home Loan Specialist in one of our branches. They’ll even come to you – where and when it suits best.
    If you prefer, just drop into one of our branches or  call us on 13 11 75.

Ready to apply?

Visit this helpful page for more information on what you will need to complete your application.

Things you should know

 
1 Low Doc Option is available on Standard Variable, Back to Basics, Asset Line, 1 Year Fixed, 2 Year Fixed, 3 Year Fixed and 5 Year Fixed. A Low Doc Margin is added to the standard reference rate displayed.  Terms and conditions apply.
2 Exclusions and maximum loan amounts apply. Suncorp will lend you 95% of the purchase/construction price or valuation (whichever is the lower).  
3 Terms and Conditions apply.
4 A maximum period of 5 years interest only repayments applies
5 You need to apply for Cashback, which is available subject to conditions. 
6 The fee will be charged but will be refunded to your account. Fees apply for subsequent transactions.
7 Terms and conditions apply. Available on Full Doc loans only. Discount margins are subject to change at any time without notice.