Access Equity (Line of Credit) Home Loan

A complete money management solution.

Not only does an Access Equity Home Loan fund the purchase of your new home, but you can use it to buy things like shares, or for everyday expenses, just like you would a transaction account or credit card.

Access Equity (Line of Credit) Home Loan
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Suncorp Bank Access Equity - An Overview  

Loan type: Variable Rate Loan



An Access Equity facility can be used for either personal or investment purposes.


How it works

You can use a line of credit like a credit card or transaction account. Income such as your salary can be paid into your home loan, and you can then use this line of credit up to your approved credit limit for everyday expenses, or to invest in other assets. You decide how often and how much to pay off your loan, so long as you stay within your credit limit.


An example of how Access Equity facility works

If your home is worth $320,000 and you still owe $210,000, you could apply for an access equity facility to the value of $288,000 ($320,000 x 90%). You can then split your access equity facility. For example, you can have $210,000 for personal use (what you still owe on your home) and have a separate account for $78,000, which you can use for investing or other purposes (this separates your interest payments for tax purposes (where applicable, you should obtain your own tax advice)). Note: Lenders Mortgage Insurance may apply.


Property value


Access Equity ($320,000 x 90%)


Less the amount you still owe


Money available for investing or to use as you please


Based on the assumption that the customer wishes to access up to 90% of the value of the property.


Repayment Flexibility

There’s no minimum monthly repayment, which means you can decide how often and how much to pay off your loan, provided your total loan balance stays within your approved credit limit.


Enjoy easy access to your funds                     

You’ll have immediate access to cash you’ve paid into your Line of Credit at any Suncorp Bank and Bendigo ATM, in a branch or via EFTPOS, BPAY®, Visa Debit card or Phone, Internet and Mobile Phone Banking.


Choose to 'split' your loan

Get the best of both worlds by choosing to ‘lock in’ a portion of your borrowings on a fixed interest rate, with the remaining portion on a standard variable interest rate.

The fixed rate portion gives you the security of knowing how much your repayments will be, as well as limiting your exposure to rate rises. The variable rate portion lets you make unlimited additional repayments while giving you the flexibility to redraw them at any time+. It’s a solution that gives you the benefits of both loan types.



We issue you a statement on a monthly basis.

Rates & Fees

Access Equity (Line of Credit)

Home Lending $10,000 and aboveInterest Rate
Access Equity (Line of Credit)5.87% p.a.

Rates effective 24 August 2016 but are subject to change.




Account Keeping Fee
  • $10 per month
Loan Establishment Fee
  • $600
Lender's Mortgage Insurance
  • If applicable, for loans over 80% property value


Enjoy easy access to your funds

You’ll have unlimited fee free EFTPOS transactions, mobile phone and internet banking transfers, BPAY (excluding staff assisted Bpay) and Suncorp Bank ATM enquiries, withdrawals and transfers.  A combined total of 10 ATM credits, direct credits, staff assisted transactions and cheque transactions are free each month and then you will be charged additional transaction fees for those transaction types.

For a complete guide to the fees and charges on our home loans, download our Lending Fees and Charges brochure, or pick one up from your nearest Suncorp Bank branch.

Home Loans are provided by Suncorp-Metway Ltd ABN 66 010 831 722 Australian Credit Licence 229882 (“Suncorp Bank”) to approved applicants only. Terms, conditions, fees and charges apply and are available upon request.