Split Rate Home Loan

If you’re looking for repayment certainty but want the flexibility to make extra repayments, a Split Rate Home Loan offers you the best of both worlds. 

  • You can choose how much is fixed and how much is variable.
  • The fixed rate portion gives you security and peace of mind knowing your interest rate won’t change.
  • The variable rate portion offers you flexibility to make extra repayments when you want.
Our home loans
Call us on
13 11 75
Find a branch
Apply Now
Loan Type
  • Choose any fixed rate or variable rate home loan and split them any way you like (e.g. 75% fixed, 25% variable).
Purpose
  • Personal
  • Investment
  • Low-Doc for self-employed people1
Loan Term
  • 8 to 30 years
Fixed Rate Terms
  • Fixed rates are available for 1, 2, 3 and 5 year periods on the fixed portion of your split rate home loan.
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 periods on either of the fixed or variable rate portions2
Redraw Facility (Cashback)
  • Access to any extra money you have deposited to your home loan with Suncorp Bank Cashback3
  • Minimum redraw of $1,000
  • One free Cashback transaction per calendar month4
Offset Facility
  • Use your income and savings to reduce your loan interest
  • Link your home loan to our Everyday Options account, and have it set up in offset mode.   If you have a 100% Home Loan Offset Facility we'll waive the standard Everyday Options Account keeping fee.
  • A Mortgage Offset Fee applies to set up your offset facility
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%5 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.

 

Loan Establishment Fee
  • $600 on the first split, $200 on second and subsequent splits
Account Keeping Fee
  • $10 per month, per loan (except for Annual Interest In Advance)
Mortgage Insurance
  • If applicable, for Full Doc loans over 80% loan to value ratio or Low Doc loan over 60% loan to value ratio.
Guaranteed Rate Fee
  • You can pay a Guaranteed Rate Fee to secure a fixed rate (not available for Introductory One Year Fixed Rate) for 90 days following your application.
  • The fee is calculated at 0.15% of the amount borrowed (excluding other fees which are financed by the loan)
  • This fee is non-refundable.

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 A Low Doc Margin will be added to the reference rate.  Terms and conditions apply.
2 A maximum period of 5 years interest only repayments applies.
3 You need to apply for Cashback, which is available subject to conditions.
4 The fee will be charged but will be refunded to your account. Fees apply for subsequent transactions.
5 Terms and conditions apply.
  

Product Information Document - Everyday Options Account

The 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.