The effective date of any interest rates is 17 October 2025 unless shown otherwise within interest rate terms and conditions.
Compare our home loan interest rates and our home loan features and fees.
Home loan calculators & resources
Buying a property
Easy online application
Not ready to apply online? Talk to a home loan expert. 100% obligation-free support.
Online application
Submit your application online and a dedicated lender will contact you within 2 hours, or by the next business day, to confirm your details and answer any questions.
Pre-approval
If you’re eligible for a home loan with us and your application is complete, pre-approval could be granted within 1 business day. If more information is needed, your lender will reach out. The process is obligation-free and can be repeated online multiple times.
Final approval
We’ll review your application and may conduct a property valuation. Once the review is complete and if you’re eligible for a home loan with us, final approval could be granted within a week.
Why choose Suncorp Bank?
Frequently Asked Questions
Still have questions:
Home loan repayments are influenced by several factors, including the loan’s:
- current balance
- term (e.g. 20 or 30 years)
- interest rate (fixed or variable)
- repayment type (principal & interest or interest-only).
linked offset account/sub-account balances (if eligible).
If you have a variable interest rate, your repayment amount may change over time as market interest rates fluctuate.
Your mortgage repayment consists of two parts:
- principal: the amount borrowed
interest: the cost of borrowing.
At Suncorp Bank, home loan interest is calculated daily and charged on your monthly repayment due date. We multiply the remaining balance on your loan by your interest rate and divide it by 365 to determine daily interest. You can use the calculator above to determine how much interest you’ll pay on your loan over time.
If you have an interest-only home loan (approval required), you can take a maximum interest-only period of 5 years. During this period, you’ll only be required to pay the interest charges. This will revert to a principal-and-interest repayment at the end of the interest-only period.
Yes. By making extra repayments you could help pay off your mortgage sooner and reduce your total interest paid. Keep in mind:
- fixed-rate loans may have limits on extra repayments
- variable-rate loans often allow unlimited extra repayments.
Another way to reduce interest on your variable rate home loan is by using an offset account. An offset account may also help to reduce the total cost of repaying your loan. An offset account is a bank account that is linked to your home loan. The money in it 'offsets' your home loan balance, reducing the total interest you need to pay.
If you have a variable rate home loan, you may be able to:
- change the amount you pay in each repayment (subject to the minimum loan repayment amount)
- make extra repayments to help pay off your loan faster
- change the frequency of your repayments (e.g. weekly, fortnightly or monthly subject to the minimum loan repayment amounts being made)
- you could switch between principal and interest or interest-only repayments depending on your loan type (subject to credit approval).
If you’ve set up a recurring payment to a home loan from your Suncorp Bank account, you can update it at any time. Find out more about changing your repayments.
We understand that the rising cost of living affects everyone differently, sometimes making it harder to meet home loan repayments. If you're concerned about your next payment, we may be able to help. Depending on your situation, options could include restructuring your loan or setting up a payment plan to make repayments more manageable. Read more about managing repayments.
The home loan repayment calculator helps you estimate your repayments based on different scenarios. To use it:
- Enter the property value and loan amount you're considering.
- Select an interest rate.
- Use the slider to select your loan term.
- See your estimated monthly repayment.
The calculator adjusts your estimated repayments based on:
- loan amount
- loan term (shorter terms generally mean higher repayments, but lower total interest)
- interest rate type (fixed vs. variable)
- the property’s purpose (a home to live in vs. an investment property)
- repayment type (principal and interest vs. interest-only).
Since interest rates can change, the calculator provides an estimate based on current rates but does not include all potential fees and charges. If a variable rate loan is selected, repayments may fluctuate over time.
The frequency of your repayments – weekly, fortnightly or monthly – can impact how much interest you pay over the life of your loan. Since interest is calculated daily on the unpaid balance, making more frequent repayments can help reduce the total interest you pay.
Use our home loan repayment calculator to see how repayment frequency might affect the amount of interest you have to pay over the term of the loan.
LVR (Loan-to-Value Ratio) is the amount of a loan as a percentage of a property's value that you're borrowing. For example, if you're borrowing $400,000 for a $500,000 property, your LVR is 80%.
LVR impacts your borrowing power and may determine whether Lenders Mortgage Insurance (LMI) is required. If your LVR exceeds 80%, LMI may be necessary to protect the lender in case of a borrower not being able to repay their home loan.
Interest is typically calculated daily based on your loan’s unpaid balance and charged monthly.
For example, with a $400,000 loan at 6.14% p.a., the daily interest would be:
$400,000 × 6.14% ÷ 365 = $67.29 per day.
Since most home loans charge interest monthly, the total interest charged in a 30-day month would be approximately:
$67.29 × 30 = $2,018.70 per month.
Keep in mind that interest is recalculated daily based on your remaining loan balance. Making extra repayments can help reduce the total interest paid over time.
A comparison rate indicates the true cost of a loan, which is calculated by taking into account both the interest rate and the fees and charges related to the home loan product and reduces these to a single percentage figure for a secured loan amount. The comparison rate is calculated on a loan amount of $150,000 and a term of 25 years. 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.
Principal & interest (P&I): You repay both the loan amount and interest, helping reduce your balance over time.
Interest-only: You only pay interest for a set period, resulting in lower repayments initially. However, your repayments will increase later when you start paying off the principal.
Interest-only loans may also have borrowing restrictions or additional conditions, so it’s important to consider your long-term financial goals.
Interest rates can fluctuate based on economic conditions, inflation and monetary policy set by the RBA. Experts predict that rates may decrease when inflation is under control and economic growth stabilises.
The Reserve Bank of Australia (RBA) sets the cash rate, which influences interest rates offered by banks. When the cash rate changes:
- variable home loan rates may go up or down
- fixed home loan rates remain unchanged for the term of the fixed period.
Keeping track of the RBA’s decisions can help you decide when to refinance or lock in a fixed rate.
An offset account may help reduce the amount of interest you pay on your variable interest rate home loan, which may lower your repayments over the life of the loan - Learn more.
Want to crunch the numbers on a home loan repayment? Try our mortgage repayment calculator to see what your home loan repayments might look like.
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It may be necessary to vary the terms of your product to convert it to a different replacement product. This means you may end up with a product that has different terms and features from those you initially applied for. In any event, Suncorp Bank will give you more information about these changes before they take effect. You may also wish to consider applying for other products instead. If you have any questions, please contact us on 13 11 75.
Home Loan, Personal and Business Banking products are issued by Suncorp Bank (Norfina Limited ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882) to approved applicants only. Eligibility criteria, conditions, fees and charges apply and are available on request. Please read the relevant Product Information Document and terms and conditions before making any decisions about whether to acquire a product.
> Home Loan Repayments
Home loan repayments and total interest paid are calculated using the information selected and are an indicative estimate only that does not take into account your personal circumstances at the time of using the calculator. The interest and repayments may vary due to;
- The date of which your monthly payment is due
- Loan Balance
- Interest Rate – which may fluctuate
- Repayment Type – Principal & Interest or Interest Only
- Purpose – Investment or Owner Occupied
- Term of the loan, and
- Frequency of payments.
The calculator is not intended to be your sole source of information when making a financial decision. Consider getting advice from a licensed finance professional, if you need it.
Using this calculator does not guarantee you will be eligible for a loan. You will need to satisfy Suncorp Bank’s lending criteria.
All calculations assume that interest rates remain unchanged over the life of the loan, any change to the above factors will result in a change to repayment amounts.
Calculations are not a loan approval. Applications are subject to credit approval, satisfactory security and minimum deposit requirements. Conditions apply to all loan options. Full terms and conditions will be set out in our loan offer, if an offer is made.
No fees or charges have been factored into the above calculation. Please refer to Lending Fees and Charges for all applicable fees.
Interest Only repayments are subject to credit approval. Given you pay Interest Only for a set term, your loan balance will remain the same while your term is reducing, meaning at the end of the term your repayments will be higher and you may pay more interest over the term of the loan.
Please contact us on 13 11 75 or visit your local branch and ask to speak to a lender to discuss a repayment option that will suit your personal circumstances.
^Discounted rate is only available for Personal/Owner Occupied loans taken out as part of the Home Package Plus >= $150,000 and borrowings <= 80% of the security property value (LVR) inclusive of lenders mortgage insurance (if applicable), Principal and Interest repayments. The discounted rate (currently 4.89% p.a.) is calculated by subtracting a discount of 0.45% from the Standard 2 Year Fixed Rate (currently 5.34% p.a.) and only applicable while the loan remains in the Home Package Plus. At expiry of the 2 Year Fixed Rate Term, the loan will revert to the applicable Standard Variable Rate advertised at the time (currently 8.48% p.a.) less the Home Package Plus discount (currently 2.97% p.a.). The Standard 2 Year Fixed Rate applicable on the day of settlement of the loan will be used to calculate the applicable discounted fixed rate unless the rate has been secured by paying a Guaranteed Rate Fee, which must be selected at time of loan application. Current standard fixed rates and discounts are subject to change without notice. Pre-approvals excluded. The discounted rate is available on eligible loans applied for from 17 October 2025.
# COMPARISON RATE:
A comparison rate is a rate that indicates the true cost of a loan. This comparison rate is based on $150,000 over a term of 25 years and incorporates certain fees and charges that are applicable for the chosen product.
WARNING: This comparison rate applies 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.
##Home Package Plus Annual Fee
$375 annual package fee will be charged and reimbursed while package is active. Savings based on 30-year loan term. Offer subject to change.
*Fixed loans are allowed extra repayments of up to $500 per monthly repayment period without penalty. If an extra repayment is made in excess of the allowance, an Early Payment Interest Adjustment (EPIA) will apply. Find out more about EPIA.
What can I expect?
Whether you want to get pre-approval, a new loan or refinance your existing loan with Suncorp Bank, you can apply quickly online. We’ll reply within two hours or by the next business day.
Comparison rate
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. For more information about the comparison rate and the comparison rate warning, please refer to the things you should know section of this page.
