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 |
|---|---|---|---|---|---|
|
6.94% p.a. |
8.67% p.a. |
$10.00 monthly |
$600 |
||
|
6.94% p.a. |
8.70% p.a. |
$10.00 monthly |
$600 |
||
|
7.04% p.a. |
9.02% p.a. |
$10.00 monthly |
$600 |
||
|
7.02% p.a. |
9.01% 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 |
|---|---|---|---|---|---|
|
8.65% p.a. |
8.73% p.a. |
$0.00 |
$900 |
||
|
8.82% p.a. |
8.78% p.a. |
$0.00 |
$600 |
||
|
5.82% p.a. |
5.82% p.a. |
$0.00 |
$0 |
||
|
6.79% p.a. |
6.42% p.a. |
$0.00 |
$0 |
||
|
6.14% p.a. |
6.15% p.a. |
$0.00 |
$0 |
||
|
6.89% p.a. |
6.47% p.a. |
$0.00 |
$0 |
||
|
6.14% p.a. |
6.15% p.a. |
$0.00 |
$0 |
||
|
7.34% p.a. |
6.86% p.a. |
$0.00 |
$0 |
||
|
6.49% p.a. |
6.50% p.a. |
$0.00 |
$0 |
||
|
7.34% p.a. |
7.34% p.a. |
$0.00 |
$0 |
||
|
6.78% p.a. |
6.41% p.a. |
$0.00 |
$0 |
||
|
6.13% p.a. |
6.14% p.a. |
$0.00 |
$0 |
||
|
9.40% p.a. |
9.45% p.a. |
$10.00 monthly |
$600 |
||
|
9.23% p.a. |
9.41% p.a. |
$10.00 monthly |
$990 |
||
|
9.49% p.a. |
9.32% p.a. |
$0.00 |
$600 |
||
|
9.07% p.a. |
9.12% p.a. |
$0.00 |
$600 |
||
|
5.82% p.a. |
5.82% p.a. |
$0.00 |
$0 |
||
|
6.62% p.a. |
6.46% p.a. |
$0.00 |
$0 |
||
|
6.34% p.a. |
6.35% p.a. |
$0.00 |
$0 |
||
|
6.69% p.a. |
6.49% p.a. |
$0.00 |
$0 |
||
|
6.34% p.a. |
6.35% p.a. |
$0.00 |
$0 |
||
|
7.04% p.a. |
7.02% p.a. |
$0.00 |
$0 |
||
|
6.99% p.a. |
6.99% p.a. |
$0.00 |
$0 |
||
|
6.59% p.a. |
6.45% p.a. |
$0.00 |
$0 |
||
|
6.33% p.a. |
6.34% p.a. |
$0.00 |
$0 |
||
|
10.12% p.a. |
10.05% p.a. |
$10.00 monthly |
$600 |
||
|
9.70% p.a. |
9.85% 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 |
|---|---|---|---|---|---|
|
p.a. |
n/a |
$0.00 |
$0 |
||
|
6.49% p.a. |
6.67% p.a. |
$0.00 |
$0 |
||
|
6.69% p.a. |
7.00% p.a. |
$0.00 |
$0 |
||
|
6.79% p.a. |
7.50% p.a. |
$0.00 |
$0 |
||
|
6.59% p.a. |
6.82% p.a. |
$0.00 |
$0 |
||
|
6.77% p.a. |
7.51% p.a. |
$0.00 |
$0 |
||
|
6.57% p.a. |
6.83% p.a. |
$0.00 |
$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 |
|---|---|---|---|---|---|
|
6.74% p.a. |
7.09% p.a. |
$0.00 |
$0 |
||
|
6.89% p.a. |
6.85% p.a. |
$0.00 |
$0 |
||
|
6.99% p.a. |
6.90% p.a. |
$0.00 |
$0 |
||
|
7.49% p.a. |
7.34% p.a. |
$0.00 |
$0 |
||
|
6.88% p.a. |
6.81% p.a. |
$0.00 |
$0 |
||
|
6.24% p.a. |
6.59% p.a. |
$0.00 |
$0 |
||
|
6.25% p.a. |
6.60% p.a. |
$0.00 |
$0 |
||
|
6.64% p.a. |
6.99% p.a. |
$0.00 |
$0 |
||
|
6.19% p.a. |
6.54% p.a. |
$0.00 |
$0 |
||
|
6.69% p.a. |
6.87% p.a. |
$0.00 |
$0 |
||
|
6.73% p.a. |
6.89% p.a. |
$0.00 |
$0 |
||
|
7.29% p.a. |
7.63% p.a. |
$0.00 |
$0 |
||
|
6.69% p.a. |
6.87% p.a. |
$0.00 |
$0 |
||
|
6.43% p.a. |
6.78% p.a. |
$0.00 |
$0 |
||
|
6.44% p.a. |
6.79% p.a. |
$0.00 |
$0 |
||
|
7.34% p.a. |
7.68% p.a. |
$0.00 |
$0 |
||
|
6.43% p.a. |
6.78% p.a. |
$0.00 |
$0 |
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.
931 Reviews
Suncorp bank is competitive and very appealing to anyone looking for a home loan or refinancing
Read full reviewSuncorp bank is competitive and very appealing to anyone looking for a home loan or refinancing
I haven't had any issues with them thus far so I'm happy. Pro's they ARE supportive when you need them to be. Con's I haven't had any negative enough to recall so, however that is MY personal experience and not all other customers may agree with MY personal experience.
Read full reviewI haven't had any issues with them thus far so I'm happy. Pro's they ARE supportive when you need them to be. Con's I haven't had any negative enough to recall so, however that is MY personal experience and not all other customers may agree with MY personal experience.
Suncorp have the best possible service for a bank. I contact them every now and then regarding interest rates and they've always been helpful. Great customer service.
Read full reviewSuncorp have the best possible service for a bank. I contact them every now and then regarding interest rates and they've always been helpful. Great customer service.
Purchasing day was made easy by the help we had from our bank representative. Conditionally pre-approved helped us a lot. Any time we have had questions it has been easy to get in contact with a human being. The bank also offers great rates and an offset account.
Read full reviewPurchasing day was made easy by the help we had from our bank representative. Conditionally pre-approved helped us a lot. Any time we have had questions it has been easy to get in contact with a human being. The bank also offers great rates and an offset account.
I like dealing with Suncorp. The app is very easy to use and I have always found it reliable. It would be preferable to have a bank with more of a presence in Perth for occasional face to face interaction. At present i do all my banking online and thus far it has not been a problem.
Read full reviewI like dealing with Suncorp. The app is very easy to use and I have always found it reliable. It would be preferable to have a bank with more of a presence in Perth for occasional face to face interaction. At present i do all my banking online and thus far it has not been a problem.
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.