What is a split loan?
A split loan is an arrangement where your home loan is split into two loans; a fixed interest rate loan and a variable interest rate loan. This arrangement can offer a mix of stability and flexibility, but it’s important to consider the potential risks and limitations of each portion before deciding if it suits your financial goals.
What are the benefits of splitting a loan?
A split loan allows a customer to divide their loan to have both fixed and variable interest rates applying to portions of the loan, offering a balance between rate certainty and repayment flexibility. However, it's important to consider the potential risks and limitations of each portion before choosing this option.
Fixed rate: Gives you the security of limiting your exposure to rate rises, and what interest rate your repayments are set at during the Fixed Rate term.
Variable rate: Gives you access to unlimited additional repayments while also giving you the flexibility to withdraw these funds using cashback1, and the option of a 100% Offset capability.2
The loans can be split anyway, as long as one loan has a minimum amount of $10,000. Split the loan any way you like, 75% fixed, 25% variable or 40% fixed, 60% variable - the choice is yours.
Our fixed rate home loan rates
You could save on interest rates and fees by using Home Package Plus to combine a fixed or variable rate home loan (totalling $150,000 or more) with an Everyday Options Account.
Compare our home loan interest rates and our home loan features and fees.
Why split your home loan?
This feature is available on all Back to Basics and Standard Variable (including Home Package Plus Variable) Home Loans and can be split at no additional cost if under the Home Package Plus. Please note that current Fixed Rate Home Loan customers who choose to split their loan may incur an Early Payment Interest Adjustment (EPIA).3
Refer to the lending fees booklet for other fees and charges that may apply.
Chris Thomas
Senior Mobile Lending Manager
On the fence?
Talk to a home loan expert
- All your questions answered
- 100% obligation free
- Personalised support every step of the way
Home loan calculators & resources
I’d like to learn about…
Frequently Asked Questions
Still have questions:
At Suncorp Bank, you’ll have a dedicated home loan expert who will support you through every step of your home loan or refinancing journey. They’ll take the time to answer your questions and explain your options in plain English so you can choose what’s right for you.
We are committed to providing banking services you can feel good about. We partner with a range of organisations to support our local communities.
'Splitting your loan' means you’re choosing to divide your borrowings. You can secure a portion of your choosing as ‘fixed’ and a portion as ‘variable’, meaning you could benefit from the features of both home loan products.
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.
There’s no charge for talking with a lender. All home loan assistance is obligation-free.
Make your next home loan move with confidence
Save time, get started online
If you’d like to speak to someone straightaway, please call 13 11 75 Mon-Fri 8am-7pm and Sat-Sun 9am-2pm (AEST)
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.
1. You need to apply for Cashback, which may be available subject to conditions specified in the contract. Please read these conditions carefully. Available Cashback may exclude any recent direct debit or pay at post payments and external transfer cannot be performed using online Cashback.
2. A Mortgage Offset facility can be established by linking your Everyday Options account to the Standard Variable home loan account and having it in offset mode, a Mortgage Offset Fee may apply to link the 100% Home Loan Offset facility to your home loan, which is waivered under the Home Package Plus. The Mortgage Offset fee is charged to your linked loan account.
3. For Fixed Rate Home Loans, an Early Payment Interest Adjustment (EPIA) applies if more than the prepayment allowance (currently $500 per month) is paid in excess of the agreed monthly repayment. The EPIA also applies if the loan is repaid in full or the agreed fixed rate period is broken for any reason. EPIA applies to the whole amount prepaid. Find out more in our EPIA fact sheet (PDF, 182KB).
^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 5.39% p.a.) is calculated by subtracting a discount of 0.45% from the Standard 2 Year Fixed Rate (currently 5.84% 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 12 December 2025.
^^Discounted rate is only available for new Investment loans taken out as part of the Home Package Plus Special Offer >= $150,000 and borrowings <= 80% of the security property value (LVR) inclusive of lenders mortgage insurance (if applicable), with Principal and Interest repayments. The discounted rate (currently 5.49% p.a.) is calculated by subtracting a discount of 0.45% from the Standard 2 Year Fixed Rate (currently 5.94% p.a.). At expiry of the 2 Year Fixed Rate Term, the loan will revert to the applicable Standard Variable Rate advertised at the time (currently 8.95% p.a.) less the Home Package Plus discount (currently 3.41% p.a.). The discounted rate is only applicable to the 2 Year Fixed Rate loan while the loan remains in a Home Package Plus. 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. Pre-approvals excluded. The discounted rate is available on eligible loans applied for from 12 December 2025. Rates and discounts are subject to change.
# 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.
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.
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.
