Rates and fees verified as correct at 17 August 2022. Other information correct at the time of writing. Advertiser disclosure.
If you’re particularly budget conscious, the Fixed Home Loan from Suncorp Bank may be a good idea because you’ll know exactly how much you’ll be paying back each month. Eligible customers can borrow amounts from $10,000 and up to 95% of the 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 rates to choose from depending on how long you want to lock in for, including 1, 2, 3 or 5-year terms as well as the choice between interest-only (up to 5 years) or principal and interest repayments. There is a monthly fee to consider, but you may or may not find this worthwhile given that you'll be able to make additional repayments towards the loan (free up to $500 per month) in order to pay it off faster.
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
6.90% p.a. |
6.93% p.a. |
$10.00 monthly |
$600 |
||
|
6.24% p.a. |
6.77% p.a. |
$10.00 monthly |
$600 |
||
|
7.14% p.a. |
7.33% p.a. |
$10.00 monthly |
$600 |
||
|
6.44% p.a. |
7.13% p.a. |
$10.00 monthly |
$600 |
From the no frills, low cost Back to Basics loan to the Standard Variable Loan with all the bells and whistles, Suncorp Bank has a variable rate loan to suit the needs of all kinds of owner occupier or investor borrowers. Both variable home loans allow you to repay your loan on your own terms with an extra repayments feature and a redraw facility, plus the choice between a weekly, fortnightly or monthly repayment cycle. The Back to Basics option lets you skip any unnecessary features and a monthly service fee, but if you want access to an offset account and you're happy to pay a monthly service fee you'll want to choose the Standard Variable Loan. Both loans are available on lending 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 | |
|---|---|---|---|---|---|---|
|
6.15% p.a. |
6.23% p.a. |
$0.00 |
$600 |
|||
|
6.32% p.a. |
6.27% p.a. |
$0.00 |
$600 |
|||
|
4.40% p.a. |
4.04% p.a. |
$0.00 |
$0 |
|||
|
3.79% p.a. |
3.80% p.a. |
$0.00 |
$0 |
|||
|
4.79% p.a. |
4.34% p.a. |
$0.00 |
$0 |
|||
|
4.04% p.a. |
4.05% p.a. |
$0.00 |
$0 |
|||
|
4.84% p.a. |
4.85% p.a. |
$0.00 |
$0 |
|||
|
4.34% p.a. |
3.94% p.a. |
$0.00 |
$0 |
|||
|
3.67% p.a. |
3.68% p.a. |
$0.00 |
$0 |
Go to site | ||
|
6.90% p.a. |
6.95% p.a. |
$10.00 monthly |
$600 |
|||
|
6.73% p.a. |
6.91% p.a. |
$10.00 monthly |
$990 |
|||
|
6.99% p.a. |
6.80% p.a. |
$0.00 |
$600 |
|||
|
6.57% p.a. |
6.62% p.a. |
$0.00 |
$600 |
|||
|
4.35% p.a. |
4.14% p.a. |
$0.00 |
$0 |
|||
|
3.99% p.a. |
4.00% p.a. |
$0.00 |
$0 |
|||
|
4.49% p.a. |
4.44% p.a. |
$0.00 |
$0 |
|||
|
4.39% p.a. |
4.40% p.a. |
$0.00 |
$0 |
|||
|
4.34% p.a. |
4.08% p.a. |
$0.00 |
$0 |
|||
|
3.90% p.a. |
3.91% p.a. |
$0.00 |
$0 |
|||
|
7.62% p.a. |
7.53% p.a. |
$10.00 monthly |
$600 |
|||
|
7.20% p.a. |
7.35% p.a. |
$10.00 monthly |
$600 |
Borrowers looking for a package home loan deal will have two options to choose from: the Fixed Home Loan (Home Package Plus) which is available to both owner occupiers and investors or the Fixed Home Loan First Home Buyer (Home Package Plus) which is only open to owner occupiers who have never purchased a property before. Both home loans are available on amounts starting from $150,000, but while the Fixed Home Loan comes with 1, 2, 3 or 5-year fixed rate options, the First Home Buyer package comes with a single 5-year fixed rate. When you choose a home loan package from Suncorp Bank, you’ll be rewarded with a number of special offers and discounts on insurance and credit cards. There is an annual package fee to consider though, but you can find out more about the fees and features of both loans in the linked reviews below.
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
6.75% p.a. |
6.18% p.a. |
$375.00 yearly |
$0 |
||
|
6.09% p.a. |
6.01% p.a. |
$375.00 yearly |
$0 |
||
|
p.a. |
n/a |
$0.00 |
$0 |
||
|
5.79% p.a. |
4.80% p.a. |
$375.00 yearly |
$0 |
||
|
5.99% p.a. |
5.13% p.a. |
$375.00 yearly |
$0 |
||
|
6.99% p.a. |
6.58% p.a. |
$375.00 yearly |
$0 |
||
|
6.29% p.a. |
6.40% p.a. |
$375.00 yearly |
$0 |
||
|
6.89% p.a. |
5.61% p.a. |
$375.00 yearly |
$0 |
||
|
6.69% p.a. |
5.22% p.a. |
$375.00 yearly |
$0 |
||
|
6.19% p.a. |
5.44% p.a. |
$375.00 yearly |
$0 |
||
|
5.99% p.a. |
5.06% p.a. |
$375.00 yearly |
$0 |
Owner occupiers and investors borrowing a minimum of $150,000 can opt for a variable rate package with Suncorp Bank via the Standard Variable Loan (Home Package Plus) offer. On top of special offers on other Suncorp financial services (e.g. insurance and credit cards), borrowers will be able to take advantage of money saving features including extra repayments, a redraw facility and an offset account. 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 though.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
5.48% p.a. |
5.84% p.a. |
$375.00 yearly |
$0 |
||
|
4.29% p.a. |
4.67% p.a. |
$0.00 |
$0 |
||
|
4.55% p.a. |
4.52% p.a. |
$375.00 yearly |
$0 |
||
|
4.84% p.a. |
4.86% p.a. |
$375.00 yearly |
$0 |
||
|
4.39% p.a. |
4.41% p.a. |
$375.00 yearly |
$0 |
||
|
3.91% p.a. |
4.30% p.a. |
$375.00 yearly |
$0 |
||
|
4.29% p.a. |
4.67% p.a. |
$375.00 yearly |
$0 |
||
|
3.84% p.a. |
4.23% p.a. |
$375.00 yearly |
$0 |
||
|
5.65% p.a. |
5.88% p.a. |
$375.00 yearly |
$0 |
||
|
4.49% p.a. |
4.66% p.a. |
$375.00 yearly |
$0 |
||
|
4.74% p.a. |
5.02% p.a. |
$375.00 yearly |
$0 |
||
|
4.44% p.a. |
4.54% p.a. |
$375.00 yearly |
$0 |
||
|
4.19% p.a. |
4.58% p.a. |
$375.00 yearly |
$0 |
||
|
4.64% p.a. |
5.02% p.a. |
$375.00 yearly |
$0 |
||
|
4.03% p.a. |
4.42% p.a. |
$375.00 yearly |
$0 |
||
|
6.37% p.a. |
6.46% p.a. |
$375.00 yearly |
$0 |
||
|
5.95% p.a. |
6.31% p.a. |
$375.00 yearly |
$0 |
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 |
|---|---|---|---|---|
|
3.39% p.a. |
3.39% p.a. |
$0.00 |
$0 |
|
|
2.89% p.a. |
2.89% p.a. |
$0.00 |
$0 |
Available to owner occupiers on Suncorp Bank’s standard variable and fixed rate loans, the Deposit KickStart option lets you use the existing equity in the home of a family member as security for the purchase of your new home. This could be useful for eligible borrowers who don't have a 20% deposit saved up, but want to avoid paying Lenders Mortgage Insurance.
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, while their fixed rate loans also allow extra repayments (though at a cap of $500/month).
From a discounted interest rate on your home loan to waived fees on your credit cards, there are plenty of special offers to take advantage of when you sign up to one of Suncorp Bank’s Home Package Plus offers.
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 loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
922 Reviews
Suncorp was great until we purchased an investment property. When we went to add our new loan to our existing online app account, it sent the system into a spin that required customer service. They did an account merge or something which allowed us to see our new home loan account and some savings accounts but not our existing home loan (which had all our savings offsetting the loan). We have been calling suncorp every week for the last 2+ months trying to resolve, just going around in circles with clueless phone operators. Very unhappy, when it works it’s great, but if you have a problem, good luck.
Read full reviewSuncorp was great until we purchased an investment property. When we went to add our new loan to our existing online app account, it sent the system into a spin that required customer service. They did an account merge or something which allowed us to see our new home loan account and some savings accounts but not our existing home loan (which had all our savings offsetting the loan). We have been calling suncorp every week for the last 2+ months trying to resolve, just going around in circles with clueless phone operators. Very unhappy, when it works it’s great, but if you have a problem, good luck.
It takes 2 minutes to get through to Suncorp for a new insurance policy but try to make a claim, you have to wait an hour and a half. This company is easy to deal with when you are giving them money but they will fight tooth and nail to deny a claim if you can talk to someone. They are the worst of all promising a premium product and charging an exorbitant price but when you need them they are truly terrible to deal with
Read full reviewIt takes 2 minutes to get through to Suncorp for a new insurance policy but try to make a claim, you have to wait an hour and a half. This company is easy to deal with when you are giving them money but they will fight tooth and nail to deny a claim if you can talk to someone. They are the worst of all promising a premium product and charging an exorbitant price but when you need them they are truly terrible to deal with
Flexible options, branches are accessible. Customer service is great and easy to talk to call centres are local and staff are very helpful.
Read full reviewFlexible options, branches are accessible. Customer service is great and easy to talk to call centres are local and staff are very helpful.
I am very disappointed with my experience with Suncorp. Had to wait hours to get a response online. Called 4 times a day to follow up with my term deposit with no proper answer for 10 days. No rest no sleep, at the verge of loosing my property and the initial deposit.Still waiting for the outcome. Very frustrated and disappointed.
Read full reviewI am very disappointed with my experience with Suncorp. Had to wait hours to get a response online. Called 4 times a day to follow up with my term deposit with no proper answer for 10 days. No rest no sleep, at the verge of loosing my property and the initial deposit.Still waiting for the outcome. Very frustrated and disappointed.
Worst bank ever to process home loan application for refinancing if you are existing customer. 4 and half months still coming up with lot of lies about deadlines and loan approval.
Read full reviewWorst bank ever to process home loan application for refinancing if you are existing customer. 4 and half months still coming up with lot of lies about deadlines and loan approval.
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.