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.
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Back to BasicsOur 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 VariableA 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 RateRepayment certainty over a fixed term
Fixed Rate
Discounted 3 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 (3 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.
LIMITED TIME 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.
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.
Not in Queensland? Learn more about First Home Owner Grant in your state.
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.
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
Apply Online
Whether you want to get pre-approval, a new loan or refinance your existing loan with Suncorp Bank, you can apply quickly online. Your dedicated lender will review your application and reach out to you in the next business day to discuss your options and answer any questions you have.
Pre-approval
You can get pre-approval within 1 business day, providing everything in your online application checks out and there is nothing further to review. Alternatively, your lender may contact you for more information so we can progress you to the next stage. It is obligation-free and you can apply online more than once.
Valuation and Verification
We will ensure everything is correct and do a valuation if required (which can vary depending on individual circumstances). Conditional approval can be issued while the valuation is in process.
Fast approvals
Providing steps 1 to 3 are successful, you can get final approval in about 1 week. Your dedicated lender will continue offering advice and assistance straight through to settlement.
FIND SOME QUICK ANSWERS
What is Loan to Value Ratio (LVR) and how can it affect your home buying potential?
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.
What is Lenders Mortgage Insurance (LMI) and do I need it?
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).
What is stamp duty?
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.
What are the benefits of an offset account?
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.
What is a comparison rate?
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.
What is a ‘split’ loan?
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.
LEARN ABOUT WHAT COULD BE RIGHT FOR YOU
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)
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 6.14% p.a.) is calculated by subtracting a discount of 2.51% 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 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 6.25% p.a.) is calculated by subtracting a discount of 2.98% 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.
^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 6.49% p.a.) is calculated by subtracting a discount of 0.45% p.a. from the Standard 3 Year Fixed Rate (currently 6.94% p.a.). At the expiry of the 3 Year Fixed Rate Term, the loan will revert to the applicable Standard Variable Rate advertised at the time (currently 9.23% p.a.) less the Home Package Plus discount (currently 2.98% p.a.). The discounted rate is only applicable to the 3 Year Fixed Rate loan while the loan remains in a Home Package Plus. Rates and discounts are subject to change. The Standard 3 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. Pre-approvals excluded. The discounted rate is available on eligible loans applied for from 24 April 2024.
##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.
Variable Rate
A rate that is variable and is subject to change over the loan term.
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.
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.
Apply Online
Whether you want to get pre-approval, a new loan or refinance your existing loan with Suncorp Bank, you can apply quickly online. Your dedicated lender will review your application and reach out to you in the next business day to discuss your options and answer any questions you have.
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.
Pre-approval
You can get pre-approval within 1 business day, providing everything in your online application checks out and there is nothing further to review. Alternatively, your lender may contact you for more information so we can progress you to the next stage. It is obligation-free and you can apply online more than once.
Valuation and Verification
We will ensure everything is correct and do a valuation if required (which can vary depending on individual circumstances). Conditional approval can be issued while the valuation is in process.
Fast approvals
Providing steps 1 to 3 are successful, you can get final approval in about 1 week. Your dedicated lender will continue offering advice and assistance straight through to settlement.
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).
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.