Refinance
Refinance your home loan
Could you save more on your home loan by switching to Suncorp Bank?
Variable rate
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Discounted Back to Basics Variable Rate with Better TogetherSpecial Offer. Owner Occupied. New to bank lending ≥ $150,000.Maximum LVR 60%. Principal and Interest repayments.
Considering refinancing your home loan can be a smart move if you're looking to lower your interest rate, reduce monthly repayments or unlock equity for renovations or investments. Our home loan experts are here to guide you through the process by helping you compare costs and explore potential savings.
Features and benefits
Compare home loan rates and features
The effective date of any interest rates is 13 February 2026 unless shown otherwise within interest rate terms and conditions.
Chris Thomas
Senior Mobile Lending Manager
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Refinance with Suncorp Bank
Switching your home loan to Suncorp Bank can be simple. If you’re ready to refinance, we’re ready to help you take the next steps.
Request a call back
Choose a time to talk through your refinancing needs with one of our home loan experts. You can also apply online in as a little as 20 minutes.
Talk to a home loan expert
Whether you request a call or apply online, we’ll be in touch to talk through your circumstances. Our home loan experts can help answer any questions about Suncorp Bank home loans that you might have.
Enjoy ongoing support
We’ll send you loan documents for execution if your application is approved. Once your loan documentation is signed, your dedicated home loan expert will support you through to settlement.
Home loan calculators and resources
Frequently Asked Questions
Still have questions:
What does home loan refinancing mean?
Refinancing your home loan is when you switch your current home loan to a new loan, usually with a different lender. You do this by taking out a new loan that enables you to pay out your current loan.
Why should I consider refinancing?
There are a range of reasons to consider refinancing. In recent years, for many borrowers the reason to refinance has been to save money by switching to a home loan with a lower interest rate. Borrowers may also choose to refinance to get a new loan with more features and payment flexibility.
If your property has risen in value, your home equity may have also increased. Refinancing could help you access your equity for things like renovations, property investing, buying a new car and more. Refinancing could help you pay off higher-interest debts like credit cards and car loans. This could help you reduce your cost of living and gain more control over your finances.
How much equity do I need to consider refinancing?
A good rule of thumb is that you should have at least 20% equity in your home before applying to refinance. That way you can avoid paying Lenders Mortgage Insurance on your new loan. Learn more about equity and refinancing.
When might not be a good time to refinance?
If your current home loan is on a fixed rate, it may make sense to wait until the fixed period ends before refinancing. This can help reduce any early repayment or exit fees you may need to pay.
Similarly, if you’re likely to be putting a property on the market soon, it may not make sense to refinance your home loan because the short-term costs may outweigh the potential benefits you’ll realise.
Lastly, if the value of your property has decreased or you’ve taken on additional debt (or your credit rating has decreased for some other reason), lenders may be more cautious about providing you with a new loan. If this is the case, it may be more difficult to refinance your current loan at a lower rate.
What are the costs of home loan refinancing?
A Suncorp Bank home loan expert can help you compare the costs of refinancing with any potential savings to help make sure you’re coming out ahead. Costs can include exit fees from your current lender, government costs and establishment fees. Check out our Home Loans Comparison Page for a quick breakdown of Suncorp Bank’s fees and charges, or access more detailed information in our Lending Fees and Charges Document (PDF).
You may be able to add any refinancing costs to your new mortgage so you cover any fees without having to dip into your savings. Speak to a home loan expert for more information. All assistance is obligation-free.
Once my loan is approved, how can Suncorp Bank help me switch my home loan?
When you work with a Suncorp Bank lending specialist, they will help organise the paying out of your old home loan and the setting up of your new loan account. If you have an offset account with your current loan and you open a new Suncorp Bank transaction account as an offset facility, you can use our account switching service. This simplifies the process of importing the details of any payees that you have saved in your old bank account.
Is there any cost for working with a Suncorp Bank home loan expert?
There’s no charge for talking with a lender. All home loan assistance is obligation-free. Request a call back today.
What’s the difference between ‘principal and interest’ and ‘interest-only’ repayments on a home loan?
For a principal and interest home loan, you will be required to pay a minimum monthly repayment. This repayment will require you to pay the interest charge as well as reduce the principal amount of the loan over the loan term.
For an interest-only home loan, you can take a maximum interest-only period of 5 years. During this period, you will only be required to pay the interest charges. At the end of the interest-only period, you will revert to a principal and interest repayment, or you can pay out the loan in full.
My current home loan is with Suncorp Bank. Can I apply for refinancing?
You can apply to refinance your current loan to a different home loan product. If you’re looking to access additional funds, an Add Loan or Equity Loan could be a good option. A Suncorp Bank home lending specialist can help you understand if these could be right for you. Talk to your dedicated lender or send us a secure message via Internet Banking. We want you to be happy with every aspect of your home loan.
What impacts home loan interest rates?
Interest rates can fluctuate due to 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 existing loan or decision to take out a loan.
How does the RBA cash rate affect my home loan?
The Reserve Bank of Australia (RBA) sets the cash rate, which can influence 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.
How can I make changes to my current home loan repayments?
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 ensuring you continue to meet the minimum loan repayment amount)
switch between principal and interest or interest-only repayments (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.
Move your home loan with confidence
Save time by applying online
You can complete your refinancing application online in as little as 20 minutes. Once submitted, our home loan experts will call to go through your application.
Already have a home loan with Suncorp Bank?
If you are looking to refinance your existing loan with us, you can complete a home loan enquiry form, talk to your dedicated lender or send us a secure message via Internet Banking. We’re here to help.
If you’d like to speak to someone straightaway, please call 13 11 75 Mon-Fri 8am-7pm and Sat-Sun 9am-2pm (AEST)
Things you should know
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 <= 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 5.64% p.a.) is calculated by subtracting a discount of 2.51% from the Standard Back to Basics Variable Rate (currently 8.15% 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 13 February 2026.
# 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.
*Our Special Offers, Package and Standard Interest Rates explained
Interest rates displayed may include a discount margin applied to the applicable Standard Interest Rate and discount margins are subject to maximum LVR requirements. Loan to Value Ratio (“LVR”) limits are inclusive of Lenders Mortgage Insurance (LMI) where applicable.
For a full list of rates with discount margins displayed, please view Interest Rates for Home Loans.
Home Loan Special Offer Rates: Available for customers with eligible new Suncorp Bank home lending over $150,000:
- Home Package Plus - Standard Variable or Fixed Rate home loan packaged with our Everyday Options transaction bank account or;
- Better Together Offer - Combine a Back to Basics home loan with our Everyday Options transaction bank account.
To compare Suncorp Bank Home Loan products, features and fees visit Compare our Home Loans.
Home Package Plus First Home Buyer Special Offer: For eligible Owner Occupier first home buyers who have never previously purchased a property with eligible new Suncorp Bank home lending of over $150,000 and <=95% LVR.
Home Loan Standard Interest Rate: The minimum lending requirement is $10,000 and does not include any discount margins.
All rates are valid until withdrawn and are subject to change. For Better Together Special Offer & Home Package Plus Special Offer, an Everyday Options Account will be opened for all new customers that do not already hold a Suncorp Bank transaction account. Pre-approvals are excluded from Special Offer rates.
For Fixed Rate products, the standard Fixed Rate offered on the day of settlement of the loan will apply unless the rate is secured by paying a Guaranteed Rate Fee. At expiry of the fixed rate period, the rate will revert to the applicable Standard Variable Interest Rate less any applicable margin discount specified in your credit contract. The Interest Only period on a Fixed Rate must equal the Fixed Rate term.
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.
Interest only repayments are subject to credit approval. Before choosing an interest-only repayment option, it's important you understand the potential risks associated with this product feature. As the name suggests, interest-only repayments means you'll repay the interest charges but you are not required to repay the principal during the interest-only period. Since repayments to reduce the principal are not being made during the interest-only period, the full loan amount will still be due at the end of the interest-only period. You will pay more in interest than if you made principal and interest repayments.
Please note that the amounts displaying are indicative only and do not represent Suncorp Bank making an offer of credit or providing loan approval.
Calculator by Widget Works.
##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.
What is a 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.
