Standard Variable Rate Home Loan

The standard variable rate with a variety of features.

Enjoy a competitive interest rate, make extra repayments when it suits you, and even redraw advance repayments~. Plus, our optional 100% offset facility can reduce the interest you pay.

Suncorp Bank's Standard Variable Rate Home Loan
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Standard Variable Home Loan - An Overview  

Loan type: Variable Rate Loan



Our Standard Variable Rate Home Loan can be used for either personal or investment purposes.


Flexible Repayments

You’re welcome to make additional repayments or repay your loan in full, with no penalty, when it suits you. These options can help reduce both the overall term of your loan and the amount of interest you’ll pay.

You’ll have the option of choosing to make principal and interest, or interest only repayments,1 depending on your needs.

You can also choose to make weekly, fortnightly or monthly repayments, either direct from a Suncorp Bank transaction account, in a branch, over the phone or via the internet.


Loan term

Choose to spread your loan over 30 years to minimise your monthly repayments, or shorten the term to a minimum of 8 years and pay your loan off sooner, with higher monthly repayments.


Maximum loan amount

Borrow up to 95% of the purchase price or valuation of the secured property, whichever is the lower.2 Or with our Deposit Kick Start option,3 choose to borrow up to 110% of the purchase price or valuation of the security property, whichever is the lower.


1 A maximum period of 5 years interest only repayments applies.

2 Exclusions and maximum loan amounts apply.

3 Terms and conditions apply.


Features of the Standard Variable Loan

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.

fixed rate and variable rate home loan chart

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.


Cashback (Redraw facility)                              

You’ll have easy access to additional repayments you have made on your home loan with Suncorp Bank Cashback1. You can make one free Cashback transaction per calendar month2 and there’s a minimum redraw of $1,000.


100% Home Loan Offset                                  

When you link your home loan to our Everyday Options account3 in offset mode, you’ll be able to offset your income and savings against your loan to reduce your interest repayments. You could end up making significant savings, and repaying your loan earlier.

Plus if you have a 100% Home Loan Offset facility, we'll waive the standard Everyday Options account keeping fee. A once off Mortgage Offset Fee may apply to set up your 100% Home Loan Offset facility.



We issue you with a statement every 6 months, or more often when you request it.


~You need to apply for Cashback, which is available subject to conditions.

1 You need to apply for Cashback, which is available subject to conditions.

2 The fee may be charged and refunded to your account. Fees apply for subsequent transactions.

3 Everyday Options account is issued by Suncorp-Metway Ltd ABN 66 010 831 722. Please read the relevant Product Information Document for Suncorp Bank Personal Deposit Accounts and the Terms and Conditions for Suncorp Accounts before making any decision regarding this product.Ask us for a copy.

Rates & Fees

Standard Variable - Personal

Home Lending $10,000 and aboveInterest RateComparison Rate#
Standard Variable5.40% p.a.5.56% p.a.

Rates effective 24 August 2016, but are subject to change.

Standard Variable - Investment

Home Lending $10,000 and aboveInterest RateComparison Rate#
Standard Variable5.72% p.a5.88% p.a

Rate effective 24 August 2016 but subject to change.



Account Keeping Fee
  • $10 per month
Loan Establishment Fee
  • $600
  • $990 for loans over 90% property value
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.

#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.

~You need to apply for Cashback, which is available subject to conditions.

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.