Suncorp home loans

Suncorp
Suncorp's overall rating for home loans

(as rated by the Mozo community)

7.5 / 10

based on 251 reviews

For more than a century, Suncorp Bank has been providing Australians with reliable personal and business banking services. Suncorp Bank operates nationally across 200 branches and its customers enjoy access to an extensive ATM network.

If you’re wondering whether a Suncorp Bank home loan is a good fit for you, you’re on the right page! We’ve done all the legwork for you by breaking down all the rates and features of Suncorp Bank’s various home loans (i.e. fixed, variable, package) to help you make a good decision.

Rates and fees verified as correct at 07 December, 2016. Other information correct at the time of writing.

What home loans do Suncorp offer?

Fixed Rate Home Loans Fixed Rate Home Loans

If you’re particularly budget conscious, a Fixed Rate Loan from Suncorp Bank may be a good idea because you’ll know exactly how much you’ll be paying back each month. The fixed rate is available on loans starting from $10,000 and you can borrow up to 95% of your property’s value if you’re an owner occupier or up to 90% if you’re an investor. There are an extensive range of fixed terms to choose from including 1, 2, 3 or 5 years and principal and interest as well as interest only repayments (up to 5 years) are available. There is a monthly fee to consider but you can offset this cost by opting to make additional repayments on a regular basis (up to $500 per month without penalty) and reduce the interest you’ll pay over the life of the loan.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.24% p.a.

5.47% p.a.

$10.00 monthly

$600

3.99% p.a.

5.18% p.a.

$10.00 monthly

$600


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Variable Rate Home Loans Variable Rate Home Loans

From a no frills, basic option to a home loan with all the bells and whistles, you can choose a Suncorp Bank variable rate loan to suit whatever your personal or investment goals. Suncorp Bank’s variable home loans allow you to repay your loan on your own terms with an extra repayment facility, cashback feature (one free redraw per month, minimum $1000) and a choice between a weekly, fortnightly or monthly repayment cycle. The Back to Basics Home Loan lets you to skip any unnecessary features and a monthly service fee but if you want access to an offset account, you may choose the standard variable option (offset account fee may apply). Variable rates are available on loans of $10,000 or more and principal and interest or interest only repayment options are available.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

5.09% p.a.

5.14% p.a.

$0.00

$600

4.82% p.a.

4.89% p.a.

$0.00

$990

4.82% p.a.

4.87% p.a.

$0.00

$600

4.14% p.a.

4.15% p.a.

$0.00

$0

3.98% p.a.

3.99% p.a.

$0.00

$0

3.71% p.a.

3.72% p.a.

$0.00

$0

5.72% p.a.

5.88% p.a.

$10.00 monthly

$600

5.40% p.a.

5.56% p.a.

$10.00 monthly

$600

5.40% p.a.

5.59% p.a.

$10.00 monthly

$990


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Fixed Package Home Loan Fixed Package Home Loan

Fixed rates on Suncorp Bank’s Home Package Plus are available for 1 year up to a period of 5 years on loans starting from $150,000. When you choose a home loan package from Suncorp Bank, you’ll be rewarded with a discounted home loan interest rate as well as special offers and discounts on linked financial services including insurance, credit cards and personal loans. There is also a bundle of flexible repayment features such as an extra repayment facility (up to $500 in additional repayments per month) and a split loan facility where you can divide your home loan between a fixed and variable rate in any way you choose. There is an annual package fee to consider.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.09% p.a.

5.24% p.a.

$375.00 yearly

$0

3.64% p.a.

4.25% p.a.

$375.00 yearly

$0


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Variable Package Home Loan Variable Package Home Loan

Owner occupiers and investors borrowing a minimum of $150,000 can opt for a variable rate with Suncorp Bank’s Home Package Plus. On top of a discounted home loan interest rate as well as special offers on other financial services (i.e. insurance, credit cards and personal loans, where eligible), you’ll be able to take advantage of money saving features including an extra repayment facility and offset account. Whenever you need to free up funds for other commitments, a redraw facility (minimum $1,000) is available or you can opt to take a repayment holiday providing you’re well ahead on your repayments. Make sure you factor in the annual package fee if you’re weighing up whether Suncorp Bank’s home loan package is right for you.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.85% p.a.

5.21% p.a.

$375.00 yearly

$0

4.17% p.a.

4.55% p.a.

$375.00 yearly

$0

3.85% p.a.

4.23% p.a.

$375.00 yearly

$0

3.95% p.a.

4.33% p.a.

$375.00 yearly

$0

5.17% p.a.

5.53% p.a.

$375.00 yearly

$0

4.35% p.a.

4.72% p.a.

$375.00 yearly

$0

4.30% p.a.

4.67% p.a.

$375.00 yearly

$0

4.77% p.a.

5.14% p.a.

$375.00 yearly

$0

4.62% p.a.

4.99% p.a.

$375.00 yearly

$0

4.57% p.a.

4.94% p.a.

$375.00 yearly

$0

4.30% p.a.

4.67% p.a.

$375.00 yearly

$0

4.25% p.a.

4.63% p.a.

$375.00 yearly

$0

4.45% p.a.

4.82% p.a.

$375.00 yearly

$0


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Line of Credit Line of Credit

Whether you want to purchase shares or an investment property or just want to get on top of debt, Access Equity from Suncorp Bank is a line of credit loan that allows you to use the equity in your property to do all these things and more. As its name suggests, Access Equity rewards borrowers with great access to their home loan via any Suncorp and Bendigo Bank ATM, in branch, EFTPOS, BPay, Visa Debit as well as phone, Internet or mobile banking. When it comes to repaying a line of credit home loan, there is no set monthly repayment but you’ll need to ensure your total loan balance remains within the approved credit limit. There is also a monthly service fee to consider. Suncorp Bank’s line of credit loan is available from $10,000 and lets you borrow up to 90% of the property’s value.

Product Rate Comparison Rate* Service fee Upfront fee

5.87% p.a.

n/a

$10.00 monthly

$600

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Suncorp home loan features in a glance

Deposit KickStart optionDeposit KickStart option

Available to owner occupiers on Suncorp Bank’s standard variable and fixed rate loans, the Deposit KickStart option lets you use the equity in the existing home of a family member as security for the purchase of your new home (terms and conditions apply).

Extra repayment facilityExtra repayment facility

Ease the burden of interest over the life of your home loan by making additional repayments whenever you can afford to. The variable options from Suncorp Bank allow for unlimited extra repayments and you can make up to $500 a month in additional repayments on the Fixed Rate Loan.

Special offersSpecial offers

From a discounted interest rate on your home loan to waived fees on your credit cards and personal loans, there are plenty of special offers to take advantage of when you sign up to Suncorp Bank’s Home Package Plus.

Repayment frequencyRepayment frequency

Choose between a weekly, fortnightly or monthly repayment cycle when you sign up for a home loan with Suncorp Bank. Plus, you’ll be able to choose the repayment method most convenient to you (i.e. paying directly from a Suncorp Bank transaction account, in branch, over the phone or online).

How are Suncorp home loans rated?

Take your home loan research skills up a notch by heading on over to Mozo’s rate and review section to see how real Suncorp Bank customers rate their home loan on the essentials including price, features and customer service.

Suncorp home loans

Overall 7.5*

Price

Features

Customer service

Convenience

Trust

251 Reviews

* Overall rating based on reviews in the past 12 months.

Recent Suncorp home loan reviews Recent Suncorp home loan reviews

Suncorp

Suncorp Standard Variable Home Loan Special (Owner Occupier, LVR<90%) (Home Package Plus) home loan review

Overall rating   10 / 10

Great banking experience

All in one account with savings on fees. Great customer service too.

Full review

All in one account with savings on fees. Great customer service too.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Casey (WA), reviewed about 1 month ago

Suncorp

Suncorp home loan review

Overall rating   8 / 10

Best insurance provider during 2011 floods

Thankful for automatic flood cover, and can personally thank them in a time of crisis.

Full review

Thankful for automatic flood cover, and can personally thank them in a time of crisis.

    Price   8 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Angela (QLD), reviewed 5 months ago

Suncorp

Suncorp Standard Variable Home Loan Special (Owner Occupier, LVR<90%) (Home Package Plus) home loan review

Overall rating   9 / 10

The customer still counts!!!

Always very helpful when assisting with any problems.

Full review

Always very helpful when assisting with any problems.

    Price   8 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   7 / 10

    Trust   9 / 10

Less

Kristy (QLD), reviewed 5 months ago

Suncorp

Suncorp Standard Variable Loan (LVR<80%, Owner Occupier) (Home Package Plus) home loan review

Overall rating   10 / 10

A bank to have faith in.

We have been with Suncorp for the past 7 years and we can't fault them. The rates and packages are excellent, the personal service is refreshing and prompt and they have been proactive and accommodating in providing us with better packages and...

Full review

We have been with Suncorp for the past 7 years and we can't fault them. The rates and packages are excellent, the personal service is refreshing and prompt and they have been proactive and accommodating in providing us with better packages and assistance when needed.

    Price   10 / 10

    Features   10 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   9 / 10

Less

Ryan (WA), reviewed 8 months ago

Suncorp

Suncorp home loan review

Overall rating   3 / 10

Help desk doesn't do things they say they will

An existing customer with a long credit history is treated the same as a Joe Blow walking in off the street. No loyalty to existing customer. Also help desk doesn't do things they say they will

Full review

An existing customer with a long credit history is treated the same as a Joe Blow walking in off the street. No loyalty to existing customer. Also help desk doesn't do things they say they will

    Price   7 / 10

    Features   7 / 10

    Customer service   1 / 10

    Convenience   3 / 10

    Trust   1 / 10

Less

Paul (WA), reviewed 8 months ago

Hide reviews

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

What do you need to apply for a Suncorp home loan? What do you need to apply for a Suncorp home loan?

For a quick and easy application process, it’s a good idea to round up all the docs you may need beforehand. Feel free to use this home loan application checklist as a guide and tick off as you go.

  • Personal ID - Australian passport, Driver’s Licence or a Proof of Age Card.
  • Evidence of Income - Recent payslips or financial statements of last two years if you’re self-employed.
  • Residential Details - Rates notice, tenancy agreement if you’re currently renting or home loan statements if you’re refinancing from another lender.
  • Evidence of Current Liabilities - Credit card or charge card statements and personal loan statements (if applicable).
  • Evidence of Savings - Statements for any savings account, term deposits and managed funds.
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