Home loan offers & special rates

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 <= 60% 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 6.13% p.a.) is calculated by subtracting a discount of 2.52% from the Standard Back to Basics Variable Rate (currently 8.65% 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 24 April 2024.

+Discounted rate is only available for new Personal/Owner Occupied loans taken out as part of the Home Package Plus First Home Buyer Special Offer >= $150,000 and borrowings <= 95% of the security property value (LVR) inclusive of lenders mortgage insurance (if applicable), with Principal and Interest repayments. The discounted rate (currently 6.74% p.a.) is calculated by subtracting a discount of 2.49% from the Standard Variable Rate (currently 9.23% 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 17 November 2023, for Owner Occupier first home buyers who have never previously purchased a property; all applicants for the loan must be first home buyers.

^^Discounted rate is only available for new Personal/Owner Occupied or Investment loans taken out as part of the Suncorp Bank Green Upgrades Equity Home Loan Offer. Existing lending ≥$150,000 and new equity lending between $10,000-$25,000 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 5.82% p.a) is calculated by subtracting a discount of 2.83% from the Standard Back to Basics Variable Rate (currently 8.65% p.a.) for Owner Occupied Loans, or by subtracting a discount of 3.25% from the Standard Back to Basics Variable Rate (currently 9.07% p.a.) for Investment Loans. Rates and discounts are subject to change and may be varied if the loan purpose or repayment type is changed. Pre-approvals excluded. The discounted rate is available on eligible loans applied for from 17 November 2023 until 28 February 2025 unless withdrawn earlier.

‡ LMI waiver for eligible medical professionals

If you are eligible for the Offer, Lenders Mortgage Insurance (LMI) will not be required if you are approved for and settle an eligible Home Loan which meets the following criteria:

1. at least one borrower is an eligible Medical Practitioner at time of the loan application and registered with AHPRA; 2. the loan amount is between $250,000 and $1,500,000; 3. the Loan to Value Ratio (LVR) is between 80.01% and 90%; 4. the loan is for purchase or refinance of residential property for owner occupied or investor purpose; 5. the loan is paid in principal and interest repayments; and 6. you or the other borrower/s total borrowings originated under this Offer will not exceed $1,500,000. Pre-approvals, bridging loans, construction loans and refinances of an existing Suncorp Bank home loans are ineligible. 7. The Offer will continue to apply on the Eligible Home Loan, even if the Eligible Medical Practitioner ceases to be registered with the AHPRA. However, if the Eligible Medical Practitioner ceases to be registered with the AHPRA, varies their Eligible Home Loan and the Loan Value Ratio is above 80%, the Eligible Medical Practitioner will no longer be eligible for the Offer and LMI will be required on the full value of the loan. 8. Suncorp Bank reserves the right to: a) vary, amend, extend, cancel or withdraw the Offer at any time from market without notice; and b) request further information from the Eligible Medical Practitioner relating to their occupation, as required to verify the borrower’s Eligible Medical Practitioner status. 9. Applications subject to credit approval. Fees and charges may be applicable. Full terms and conditions will be included in the loan offer. 10. In these Terms and Conditions, the following capitalised words are defined as below: a) AHPRA means Australian Health Practitioner Regulation Agency. b) Eligible Home Loan means Standard Variable, Back to Basics Variable and Fixed Rate term loans provided by Suncorp Bank. c) Eligible Medical Practitioner means a borrower who is a medical practitioner registered with the AHPRA and meets the eligibility criteria in clause 2. The medical practitioner must have ’generalist’ or ’specialist’ registration that is verifiable on the register maintained by the AHPRA and must be current at the time their loan application is submitted to Suncorp Bank. Non-practicing, provisional or limited registrations are not eligible. d)Lender’s Mortgage Insurance (LMI)is insurance that protects Suncorp Bank (not the borrower), if the borrower is unable to make repayments on their home loan or defaults on the loan. It is a once-off cost paid by Suncorp Bank, passed onto borrowers as a fee. e) Loan to Value Ratio is calculated by dividing the loan amount by the value of the security property, expressed as a percentage.

Suncorp Bank reserves the right to vary offers at any time.