Your selected home loans
Suncorp is one of the top 10 largest bank lenders in Australia. It has three simple home loan options: the Back to Basics (Variable), the Standard Variable which adds an offset account, and the Fixed Rate with terms for 1, 2, 3 or 5 years. The Suncorp Group announced the official sale of Suncorp Bank to ANZ in July 2024.
Your selected home loans
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Suncorp Group sold its banking business, Suncorp Bank, to ANZ in July 2024.
Suncorp’s variable rate home loans allow you to pay off your mortgage in weekly, fortnightly or monthly instalments, or you can pay in lump sums as long as your monthly repayment amount is covered.
You can also make weekly, fortnightly or monthly repayments on Suncorp’s fixed rate home loan, but Suncorp recommends sticking to monthly payments during the fixed rate period.
That’s because its fixed rate loan allows for additional repayments of up to $500 more than your minimum monthly requirement, after which fees can apply.
A split home loan is when you divide the amount you’ve borrowed into separate portions of fixed and variable. For example, you may want to split your loan evenly into 50% fixed and 50% variable, or have one portion higher than the other.
Suncorp allows you to split any of its home loans, though each portion must have a minimum loan amount of $10,000. Suncorp can also split your home loan at no extra cost if it's part of a Home Package Plus.
Suncorp’s Home Package Plus combines an eligible home loan with an Everyday Options savings account, plus other Suncorp Bank products for an annual fee.
By linking your eligible home loan to an Everyday Options Account, Suncorp says you’ll get access to a discounted interest rate.
The annual fee for the Home Package Plus is $375, though Suncorp occasionally has a promotion which scraps the annual cost if you apply for a new loan package of $150,000 or more.
There are a few ways you can contact Suncorp. You can call on 13 11 75, use the live chat option on its website or visit a branch.
* 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.
** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.
^See information about the Mozo Experts Choice Home Loan Awards
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