7.8 / 10

based on 5465 reviews as rated by Mozo community

Suncorp home loans

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. It's even a home loan award winner, taking out a 2019 Mozo Experts Choice Award for best Fixed Rate Home Loan. 

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.

What home loans do Suncorp offer?

Rates and fees verified as correct at 24 October, 2020. Other information correct at the time of writing. Advertiser disclosure.

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 ‡

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

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 ‡  

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 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 ‡  

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

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 ‡

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

*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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

‡ 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.

Suncorp home loan features in a glance

Home loan icon

Deposit 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).

Repayment Icon

Extra 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.

Award icon

Special 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 Icon

Repayment 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?

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.

Icon of home-loans
Suncorp home loans
Overall
7.2/10
Price
Features
Customer service
Convenience
Trust
898 reviews

Recent Suncorp home loan reviews

Suncorp Home Loan review
Overall 7/10
Great bank. I will stay with them for a long time

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 review

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.

Price
6/10
Features
5/10
Customer service
7/10
Convenience
7/10
Trust
8/10
Less
Giovanna, Victoria reviewed 4 days ago
Suncorp Standard Variable Loan review
Overall 9/10
Reputable.

They are easy to contact and have a good reputation.

Read full review

They are easy to contact and have a good reputation.

Price
10/10
Features
8/10
Customer service
9/10
Convenience
9/10
Trust
9/10
Less
Juliette, South Australia reviewed about 1 month ago
Suncorp Home Loan review
Overall 9/10
Fabulous.

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 review

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!

Price
10/10
Features
8/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Trish, Queensland reviewed about 1 month ago
Suncorp Back to Basics review
Overall 4/10
Bad service, bad practices!

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 review

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!

Price
7/10
Features
4/10
Customer service
4/10
Convenience
2/10
Trust
5/10
Less
Peter, Queensland reviewed 2 months ago
Suncorp Fixed Home Loan First Home Buyer (Home Package Plus) review
Overall 10/10
I have no plans on leaving them at this point

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 review

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.

Price
6/10
Features
6/10
Customer service
10/10
Convenience
10/10
Trust
8/10
Less
David, Queensland reviewed 3 months ago

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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