Variable rate with optional 100% mortgage offset
Variable Rate
+
Discounted Standard Variable Rate in Home Package Plus. Owner Occupied. New to Bank Lending ≥ $150,000. Maximum LVR 60%. Principal and Interest Repayments.
Optional 100% mortgage offset
Save on interest with a mortgage offset when your loan is linked to an Everyday Options Account.
Flexible options
Unlimited additional repayments. Redraw additional repayments as cashback. Interest only repayment option subject to credit approval.
Package and save
Link your eligible home loan in the Home Package Plus (together with an Everyday Options Account) and save on interest and fees.
Compare our home loan interest rates and our home loan features and fees.
special OFFER
Save up to $11,250!##
Pay no annual fee for the life of the loan if 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.##
Available to eligible new home loan packages more than $150k.
Easy application, fast approvals
Loan establishment fee
$600 for loans <90% LVR
$990 for loans >= 90% LVR
$0 with Home Package Plus
Account keeping fee
$10 p/m
$0 with Home Package Plus
Mortgage offset fee
$75 one off fee
$0 with Home Package Plus
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
Download the Lending Fees and Charges brochure
Package your loan
Package one or more of your Standard Variable Rate or Fixed Rate home loan(s) totalling $150,000 or more with an Everyday Options Account and enjoy a discounted rate and other savings.
What you get with Home Package Plus
- Interest rate discounts. Save on your Standard Variable Rate or Fixed Rate home loan.
- Save on fees. No loan establishment fees, monthly account keeping fees, mortgage offset fee or annual credit card fees.
- Split Loans. Split your lending needs with a Fixed Rate home loan.
For an annual fee of
$375
Special offer
Pay no annual fee for the life of the loan on an eligible new home loan package of ≥$150K.
That’s a saving of up to $11,250.##
Download the Home Package Plus Terms and Conditions
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.
You can speak with a lender to apply, or you can apply for pre-approval in as little as 20 minutes online!
You can make additional repayments to your Standard Variable or Back to Basics Variable Home Loan at any time.
For Fixed Rate Home Loan, additional repayments of up to $500 in excess of your minimum monthly repayment are permitted. After that, an Early Payment Interest Adjustment Fee (EPIA) may apply.
For more information on fees, view the EPIA brochure.
Our Home Loan Cashback feature lets you redraw funds that you've paid in advance of your normal scheduled home loan repayments.
You can still redraw this excess money at any time – for school and university expenses, a holiday, renovation, or any other purpose. This feature is available on Standard Variable and Back to Basics Variable home loans.
A home loan will have a loan term (usually between 8-30 years), which can have the option of principal and interest or interest only repayments.
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 reducing the principal amount of the loan over the required term.
For an interest only home loan (requires approval), 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.
There’s no charge for talking with a lender. All home loan assistance is obligation-free.
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.
Save time, get started online
Are you buying a home or looking to refinance?
You can apply online in as little as 20 minutes.
100% obligation free advice
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.
If you’d like to speak to someone straightaway, please call 13 11 75 Mon-Fri 8am-7pm and Sat 9am-2pm (AEST)
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.
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 6.19% p.a.) is calculated by subtracting a discount of 3.04% 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 24 April 2024.
# 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.
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.
Borrowings
Allows you to increase the value of your existing home loan, useful for purposes like renovations subject to credit criteria
Split your loan
You can choose to split your loan and fix a portion of your borrowings at a fixed interest rate for greater budgeting certainty. At expiry all fixed rate loans revert to the Standard Variable rate
Repayment option
Interest only repayments subject to credit approval
Fixed Rate
Lock in your interest rate and repayment amount
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.
Standard rates
Standard Interest Rates are applied for all lending from $10,000 to $150,000. For loans over $150,000 you may be eligible for a special offer or Home Package Plus discount – terms and conditions apply
Interest only
Once the interest only terms ends, your repayments will automatically switch to Principal & Interest. If selecting a Fixed loan type, your interest only period will be the same or longer than the fixed rate term.
Redraw
Access extra payments you've made on your home loan using our loan Cashback feature. You will need to apply for this.
Suncorp Bank Insurance
Receive a discount of up to 20% off the first year's annual premium on new to Suncorp Home, Landlord and/or Contents insurance policies. Receive up to 10% off the first year’s annual premium on new to Suncorp Motor insurance policies.4
Credit card fees
Pay no Annual Card Fee for up to 4 of Suncorp Bank’s Clear Options Credit cards, with the choice of either a Gold or Platinum Card - saving you up to $120 per year for each card.5
Waived fees
New applications will pay no establishment or ongoing monthly account keeping fees.
