Make 'your home' happen.
Variable Rate
*
Discounted Back to Basics Variable Rate with Better Together Special Offer. Owner Occupied. New to Bank Lending ≥ $150,000. Maximum LVR 80%. Principal and Interest Repayment.
Back to Basics
Our lowest variable rate
Variable Rate
*
Discounted Back to Basics Variable Rate with Better Together Special Offer. Owner Occupied. New to Bank Lending ≥ $150,000. Maximum LVR 80%. Principal and Interest Repayment.
What is home loan cashback/redraw?
A home loan redraw facility allows you to request access to any extra repayments you’ve made into your home loan above and beyond the minimum required repayments.
What is an offset account?
An offset account is an everyday account that is linked to your home loan. You can deposit your salary and savings into that account (and sub-savings accounts) and the balance is then offset against the amount owing on your home loan.
Benefits
- $0 monthly account keeping fee and no establishment or ongoing annual fee.
- Unlimited additional repayments.
- Redraw additional payments as cashback.
- Additional benefits with Better Together special offer.
Other things to consider
- No mortgage offset.
Standard Variable
A variable rate with optional offset
Variable Rate
+
Discounted Standard Variable Rate in Home Package Plus. Owner Occupied. New to Bank Lending ≥ $150,000. Maximum LVR 80%. Principal and Interest Repayments.
What is an offset account?
An offset account is an everyday account that is linked to your home loan. You can deposit your salary and savings into that account (and sub-savings accounts) and the balance is then offset against the amount owing on your home loan.
What is home loan cashback/redraw?
A home loan redraw facility allows you to request access to any extra repayments you’ve made into your home loan above and beyond the minimum required repayments.
Benefits
- Optional mortgage offset.
- Unlimited additional repayments.
- Redraw additional payments as cashback.
- Additional benefits, including no loan establishment fee, with Home Package Plus.
Fixed Rate
Repayment certainty over a fixed term
Fixed Rate
^
Discounted 2 Year Fixed Rate in Home Package Plus. Owner Occupied. New to Bank Lending ≥ $150,000. Maximum LVR 80%. Principal and Interest Repayments.
What is an offset account?
An offset account is an everyday account that is linked to your home loan. You can deposit your salary and savings into that account (and sub-savings accounts) and the balance is then offset against the amount owing on your home loan.
What is home loan cashback/redraw?
A home loan redraw facility allows you to request access to any extra repayments you’ve made into your home loan above and beyond the minimum required repayments.
What are Fixed Rate home loan early payment fees?
Additional repayments of up to $500 in excess of your minimum monthly repayment are permitted. After that, an Early Payment Interest Adjustment (EPIA) fee may apply. For more information, view our EPIA Brochure (PDF).
Benefits
- Choose 1, 2, 3 or 5 year fixed terms (2 year rate shown above).
- Additional benefits, including no loan establishment fee, with Home Package Plus.
Other things to consider
- No offset or redraw capability during the fixed period rate.
- Make extra repayments during the fixed rate period of up to $500 per month with no early repayment fee.
View all our home loan interest rates or compare our home loan types.
Don’t have a 20% deposit?
We’ve got great rates, even if you don’t have a great big deposit.
Exclusively for first home buyers, we offer special discounted rates on loans of $150k+.
You can apply with a deposit as low as 5% (excluding costs). Talk to a lender to learn more.
Keep in mind, when borrowing more than 80% of the value of a property (banks call this an 80% Loan-to-Value ratio, or LVR), you’ll have to pay Lenders Mortgage Insurance, or LMI.
LMI is a one-off cost that protects the bank in the event you’re unable to pay your mortgage. It’s added on to your mortgage and you pay it off with the rest of your mortgage over time.
First Home Owner Grant
Buying or building your first home in Queensland? You could be eligible for a $30,000 grant!
A great way to boost your contribution to your first home can be the First Home Owner Grant. Eligible buyers in Queensland could qualify for a $30,000 grant when buying or building a new home valued less than $750,000.
What's more, from May 1, 2025, Queensland first home buyers who enter into a contract to purchase a new home (or land for building a home) may be eligible to apply for a full transfer duty concession.
Learn more about first home owner grants and concessions in Queensland and all states.
Don’t have a 20% deposit?
We’ve got great rates, even if you don’t have a great big deposit.
Exclusively for first home buyers, we offer special discounted rates on loans of $150k+.
You can apply with a deposit as low as 5% (excluding costs). Talk to a lender to learn more.
Keep in mind, when borrowing more than 80% of the value of a property (banks call this an 80% Loan-to-Value ratio, or LVR), you’ll have to pay Lenders Mortgage Insurance, or LMI.
LMI is a one-off cost that protects the bank in the event you’re unable to pay your mortgage. It’s added on to your mortgage and you pay it off with the rest of your mortgage over time.
First Home Owner Grant
Buying or building your first home in Queensland? You could be eligible for a $30,000 grant!
A great way to boost your contribution to your first home can be the First Home Owner Grant. From 20 November 2023, eligible buyers in Queensland could qualify for a $30,000 grant when buying or building a new home valued up to $750,000.
What's more, from May 1, 2025, Queensland first home buyers who enter into a contract to purchase a new home (or land for building a home) may be eligible to apply for a full transfer duty concession.
Not in Queensland? Learn more about First Home Owner Grant in your state.
How soon are you looking to buy?
Apply in as little as 20 minutes
Home loan calculators & resources
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Frequently Asked Questions
Still have questions:
Finding the right home loan depends on your situation. Here’s how to start:
- check loan features like offset accounts and redraw facilities.
- speak with a mortgage broker or one of our Suncorp Bank lending specialists.
Want to crunch the numbers? Try our loan repayment calculator to see what your repayments might look like.
When you’re applying for a first home loan (or any home loan), your Loan to Value Ratio represents the amount of your loan compared to the value of the property.
Here’s an example: Say you want to buy a house for $500,000 and you’ve saved $50,000 as a deposit. Your LVR would be 90 percent since your loan will be 90 percent of the value of the property.
LVR is one of the ways lenders assess home buyer loan applications. By saving more for your deposit, you can lower your LVR and increase the strength of your application.
If you’re borrowing more than 80 percent of the value of a property from a bank, it’s likely you’ll need Lenders Mortgage Insurance. LMI protects your lender in case you default on your loan.
LMI is a once-only cost. It’s not something you need to pay every year or month. Many borrowers add the LMI cost to their mortgage and repay it over time. To learn more, read our LMI factsheet (PDF).
Stamp duty is a state government tax that is payable on the transfer of a property. The exact amount will vary based on the state in which you’re purchasing the property.
As an incentive for first home buyers, some Australian states and territories offer stamp duty concessions to those purchasing their first property, if the price is under a certain amount. Check your state government’s website for information about any grants and concessions available for first home buyers.
There may be more than one type of stamp duty payable when you buy your home. There's the duty, as described above, based on the property price. This is generally the highest government tax associated with the purchase. There may also be stamp duty on the mortgage. The rates vary depending on your state and the value of the property.
Many home lenders offer customers the option of linking a home loan to a savings or transaction account, with the balance of this account reducing, or ‘offsetting’, the interest payable on the loan.
This feature is available on Suncorp Bank’s Standard Variable Rate home loan, with our Everyday Options Account operating in offset mode. Here’s how it works: your home loan interest is calculated on the outstanding balance of your linked Standard Variable home loan, less the balance of your main Everyday Options Account and linked sub-account balance/s.
The more money you have in offset mode, the less interest you’ll be charged on your home loan. As a trade off, you won’t be paid interest on the balance of your offset account.
A comparison rate is a rate that indicates the true cost of a loan. It’s called a comparison rate because it can make it easier to compare loans from different lenders.
The comparison rate incorporates certain fees and charges that are applicable for the chosen product. It’s 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.
For more information about the comparison rate and the comparison rate warning, please refer to the 'Things you should know' section of this page.
When comparing home loans, you’ll generally see fixed and variable interest rate options. When you’re deciding what’s right for you, you don’t have to choose just one. You can set up a portion of your borrowings as 'fixed' and a portion as 'variable'. This can give you the benefits of both products and help reduce risks of changing interest rates. Learn more about splitting your home loan.
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 interest rates fluctuate.
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, however, the financial institution may change their current rates for new borrowers.
Keeping track of the RBA’s decisions can help you decide when to refinance or lock in a fixed rate.
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 get an understanding of how much interest you could pay on your loan over time.
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.
Interest rates fluctuate based on economic conditions, inflation and monetary policy set by the RBA. Keeping an eye on RBA announcements and financial forecasts can help you make informed decisions about your loan.
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 interest payable.
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.
Principal & interest (P&I): You repay both the loan amount and interest, which reduces your total loan balance over time.
Interest-only repayments requires bank approval. If you are approved, 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 and interest.
Interest-only loans may also have borrowing restrictions or additional conditions, so it’s important to consider your long-term financial goals.
100% obligation free advice
We understand that the journey to home ownership can be daunting. Our experienced home lending team are happy to answer all your lending questions. We’ll reply within two hours or by the next business day.
Or 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.
*Discounted rate is only available for new Personal/Owner Occupied loans taken out as part of the Better Together 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 and who hold a Suncorp Bank transaction account. The discounted rate (currently 5.40% p.a.) is calculated by subtracting a discount of 2.50% from the Standard Back to Basics Variable Rate (currently 7.90% p.a.). Rates and discounts are subject to change and may be varied if the loan purpose or repayment type is changed or where the borrower fails to hold a Suncorp Bank transaction account. Pre-approvals excluded. The discounted rate is available on eligible loans applied for from 22 August 2025.
+Discounted rate is only available for new Personal/Owner Occupied 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 5.51% p.a.) is calculated by subtracting a discount of 2.97% from the Standard Variable Rate (currently 8.48% p.a.). The discounted rate is only applicable to the Standard Variable loan while the loan remains in a Home Package Plus. Rates and discounts are subject to change. Pre-approvals excluded. The discounted rate is available on eligible loans applied for from 22 August 2025.
^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.
##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.
# 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 is pre-approval?
Pre-approval (sometimes referred to as conditional approval) will give you a good idea of how much you may be able to borrow from the bank. If a lender pre-approves you for a loan, they will do so for a specific amount, so you can house hunt properties you know you can afford. It is obligation-free if you're successful, and you can apply more than once.
What can I expect?
Once you have completed this online application, we’ll reply within two hours or by the next business day to confirm your details and progress you to the next stage.
100% obligation free advice
Our experienced home lending team are happy to answer all your lending questions. We’ll reply within two hours or by the next business day.
What is an offset account?
An offset account is an everyday account that is linked to your home loan. You can deposit your salary and savings into that account (and sub-savings accounts) and the balance is then offset against the amount owing on your home loan.
What are Fixed Rate home loan early payment fees?
Additional repayments of up to $500 in excess of your minimum monthly repayment are permitted. After that, an Early Payment Interest Adjustment (EPIA) fee may apply. For more information, view our EPIA Brochure (PDF).
What is home loan cashback/redraw?
A home loan redraw facility allows you to request access to any extra repayments you’ve made into your home loan above and beyond the minimum required repayments.
