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Standard Variable Home Loan

Stay flexible with a variable rate

Variable rate with optional 100% mortgage offset

Variable Rate

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Comparison Rate

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Discounted Standard Variable Rate in Home Package Plus. Owner Occupied. New to Bank Lending ≥ $150,000. Maximum LVR 60%. Principal and Interest Repayments.

Features & benefits

Optional 100% mortgage offset account

Save interest with a mortgage offset when your loan is linked to an Everyday Options Account.

Unlimited additional repayments

Save on interest by making unlimited extra repayments.

Redraw cashback

Easily redraw any extra repayments you’ve made as  cashback.

Package and save

You could save on interest and fees by linking your eligible home loan and an Everyday Options Account via Home Package Plus.

Special offer

Save up to $11,250!##

Pay no annual fee for the life of the loan for new to bank customers when you take out a new Home Package Plus home loan(s) totalling $150k+.

That’s a saving of $11,250 over a 30-year loan.##

Rates & fees

Our standard variable home loan rates

If you’re a new customer, you could save on interest rates and fees by taking out a Home Package Plus which combines our standard variable rate home loan (totalling $150,000 or more) with an Everyday Options Account.

Owner Occupied Rate

Variable Rate

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Comparison Rate

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Discounted Standard Variable Rate in Home Package Plus. Owner Occupied. New to Bank Lending ≥ $150,000. Maximum LVR 60%. Principal and Interest Repayments.

Investor Rate

Variable Rate

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Comparison Rate

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Discounted Standard Variable Rate in Home Package Plus. Investment. New to Bank Lending ≥ $150,000. Maximum LVR 60%. Principal and Interest Repayments.

Fees

Loan establishment fee

Account keeping fee

Mortgage offset fee

Home Package Plus fee

Fees with Home Package Plus

$0

$0

$0

$375 (currently waived for New to Bank Lending ≥ $150,000)

Fees for loans not included in a package

$600 for loans <90% LVR 
$990 for loans >= 90% LVR

$10 per month

$75 one off fee

N/A

Lenders Mortgage Insurance (LMI)

If you are borrowing more than 80% of the value of the property, you will be required to pay Lenders Mortgage Insurance. This is a one-off payment and can be financed into the loan.

Lenders Mortgage Insurance protects Suncorp Bank against loss in the event of a forced sale of a mortgage property. It does not insure you but may make it possible for you to buy a home with a smaller deposit. You will still be responsible for all amounts owing in relation to your loan.

Lender’s Mortgage Insurance (“LMI”) amount and costs determined at application on loans > 80% LVR

Special offer

You could save up to $11,250!## by packaging your new loan with Home Package Plus

If you’re a new customer choosing Suncorp Bank for your home loan, you can package one or more of your new Standard Variable or Fixed Rate home loans with an Everyday Options Account and pay no annual fee for the life of the loan (for eligible new home loans of ≥$150K). You could also:

  • Save with a discounted interest rate.
  • Save with a $0 loan establishment fee, $0 monthly account keeping fee, $0 mortgage offset fee.
  • Combine certainty with flexibility by splitting your loan.
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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.

Home loan calculators & resources

Borrowing power calculator

How much could I borrow?

Repayment calculator

What could my repayments be?

Refinance calculator

How much could I save?

Stamp duty calculator

What government duties and fees might I need to pay?

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Make your next home loan move with confidence

100% obligation-free support

Our experienced home lending team are happy to answer all your lending questions. They’ll call you within two hours (or next business day) to discuss your home lending needs.

Save time, get started online

Are you buying a home or looking to refinance? You can apply online.

 

What can I expect?

If you’d like to speak to someone straightaway, please call 13 11 75 Mon-Fri 8am-7pm and Sat-Sun 9am-2pm (AEST)

More loan options

No-frills variable interest rate with an optional redraw

Repayment certainty over a fixed term

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 Home Package Plus 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. The discounted rate (currently 5.45% p.a.) is calculated by subtracting a discount of 3.03% 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 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 2.49% p.a.) is calculated by subtracting a discount of 2.96% from the Standard, Standard Variable Rate (currently 5.45% 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 25 March 2022.

# 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.

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.

Lenders Mortgage Insurance (LMI)

If you are borrowing more than 80% of the value of the property, you will be required to pay Lenders Mortgage Insurance. This is a one-off payment and can be financed into the loan.

Lenders Mortgage Insurance protects Suncorp Bank against loss in the event of a forced sale of a mortgage property. It does not insure you but may make it possible for you to buy a home with a smaller deposit. You will still be responsible for all amounts owing in relation to your loan.