Rates and fees verified as correct at 24 October, 2020. Other information correct at the time of writing. Advertiser disclosure.
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.
| Product | Fixed 3 year rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 3.89% p.a. | 4.85% p.a. | $10.00 monthly | $600 | ||
| 2.94% p.a. | 4.60% p.a. | $10.00 monthly | $600 | ||
| 3.44% p.a. | 5.07% p.a. | $10.00 monthly | $600 | ||
| 3.24% p.a. | 5.01% p.a. | $10.00 monthly | $600 |
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.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ | |
|---|---|---|---|---|---|---|
| 4.40% p.a. | 4.47% p.a. | $0.00 | $990 | |||
| 4.57% p.a. | 4.47% p.a. | $0.00 | $600 | |||
| 4.40% p.a. | 4.45% p.a. | $0.00 | $600 | |||
| 3.19% p.a. | 3.20% p.a. | $0.00 | $0 | |||
| 2.68% p.a. | 2.69% p.a. | $0.00 | $0 | Go to site | ||
| 2.99% p.a. | 2.87% p.a. | $0.00 | $0 | |||
| 2.78% p.a. | 2.79% p.a. | $0.00 | $0 | Go to site | ||
| 5.15% p.a. | 5.20% p.a. | $10.00 monthly | $600 | |||
| 4.98% p.a. | 5.14% p.a. | $10.00 monthly | $600 | |||
| 4.98% p.a. | 5.17% p.a. | $10.00 monthly | $990 | |||
| 5.24% p.a. | 5.00% p.a. | $0.00 | $600 | |||
| 4.82% p.a. | 4.83% p.a. | $0.00 | $600 | |||
| 3.38% p.a. | 3.26% p.a. | $0.00 | $0 | |||
| 3.18% p.a. | 3.19% p.a. | $0.00 | $0 | |||
| 3.28% p.a. | 3.16% p.a. | $0.00 | $0 | |||
| 3.08% p.a. | 3.09% p.a. | $0.00 | $0 | |||
| 5.87% p.a. | 5.77% p.a. | $10.00 monthly | $600 | |||
| 5.45% p.a. | 5.61% p.a. | $10.00 monthly | $600 |
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.
| Product | Fixed 3 year rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ | |
|---|---|---|---|---|---|---|
| 3.74% p.a. | 4.12% p.a. | $375.00 yearly | $0 | |||
| 2.79% p.a. | 3.89% p.a. | $375.00 yearly | $0 | |||
| p.a. | n/a | $0.00 | $0 | |||
| p.a. | n/a | $0.00 | $0 | |||
| 2.49% p.a. | 3.13% p.a. | $375.00 yearly | $0 | |||
| 2.49% p.a. | 3.28% p.a. | $375.00 yearly | $0 | Go to site | ||
| 3.29% p.a. | 4.33% p.a. | $375.00 yearly | $0 | |||
| 3.09% p.a. | 4.30% p.a. | $375.00 yearly | $0 | |||
| 3.19% p.a. | 3.70% p.a. | $375.00 yearly | $0 | |||
| 2.99% p.a. | 3.65% p.a. | $375.00 yearly | $0 | |||
| 2.99% p.a. | 3.65% p.a. | $375.00 yearly | $0 | |||
| 2.79% p.a. | 3.46% p.a. | $375.00 yearly | $0 |
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.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 3.73% p.a. | 4.12% p.a. | $375.00 yearly | $0 | ||
| 3.04% p.a. | 3.02% p.a. | $0.00 | $0 | ||
| 2.79% p.a. | 2.80% p.a. | $0.00 | $0 | ||
| 2.99% p.a. | 3.00% p.a. | $0.00 | $0 | ||
| 3.04% p.a. | 3.25% p.a. | $375.00 yearly | $0 | ||
| 2.79% p.a. | 3.21% p.a. | $375.00 yearly | $0 | ||
| 2.99% p.a. | 3.40% p.a. | $375.00 yearly | $0 | ||
| 3.90% p.a. | 4.15% p.a. | $375.00 yearly | $0 | ||
| 3.34% p.a. | 3.58% p.a. | $375.00 yearly | $0 | ||
| 3.54% p.a. | 3.78% p.a. | $375.00 yearly | $0 | ||
| 3.14% p.a. | 3.55% p.a. | $375.00 yearly | $0 | ||
| 3.34% p.a. | 3.74% p.a. | $375.00 yearly | $0 | ||
| 4.62% p.a. | 4.72% p.a. | $375.00 yearly | $0 | ||
| 4.20% p.a. | 4.58% p.a. | $375.00 yearly | $0 |
‡ 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.
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).
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.
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.
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).
Mozo users have rated Suncorp home loan on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
I like our bank. Suncorp Bank and it's pros for me are they always provide. They happily review interest rates and do their best to provide new lower rates. They offer great home loan and investment loan products. Suncorps 24/7 emergency number works overseas. Only con is there are not enough branches around to go in to.
Read full reviewI like our bank. Suncorp Bank and it's pros for me are they always provide. They happily review interest rates and do their best to provide new lower rates. They offer great home loan and investment loan products. Suncorps 24/7 emergency number works overseas. Only con is there are not enough branches around to go in to.
They are easy to contact and have a good reputation.
Read full reviewThey are easy to contact and have a good reputation.
Got a great rate - 2.89% - and locked it in for 3 years. Gives great peace of mind for budgeting and it's all mine!
Read full reviewGot a great rate - 2.89% - and locked it in for 3 years. Gives great peace of mind for budgeting and it's all mine!
They charge fees on everything, you have to beg to get a better rate. I prefer to go to a branch, and as I am disabled I have to travel further as branches that I rely on are getting further away as they just keep closing them down! The lines at the branches are getting longer and longer!
Read full reviewThey charge fees on everything, you have to beg to get a better rate. I prefer to go to a branch, and as I am disabled I have to travel further as branches that I rely on are getting further away as they just keep closing them down! The lines at the branches are getting longer and longer!
I would like to say that I have found this bank fairly supportive to me over the years. I have been with them through personal hardships.
Read full reviewI would like to say that I have found this bank fairly supportive to me over the years. I have been with them through personal hardships.
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.
