The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 90%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a interest only loan of at least $150,000 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan of at least $150,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan of at least $150,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan of at least $150,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan of at least $150,000 with an LVR below 90%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $10,000 with an LVR below 90%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $10,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a interest only loan of at least $10,000 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan of at least $10,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan of at least $10,000 with an LVR below 90%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 80% | $150,000 | |
| | Owner Occupier | Principal & Interest | 80%-90% | $150,000 | |
| | Owner Occupier | Principal & Interest | 90%-95% | $150,000 | |
| | Owner Occupier | Interest Only | < 90% | $150,000 | |
| | Investor | Principal & Interest | < 80% | $150,000 | |
| | Investor | Principal & Interest | 80%-90% | $150,000 | |
| | Investor | Interest Only | < 80% | $150,000 | |
| | Investor | Interest Only | 80%-90% | $150,000 | |
| | Owner Occupier | Principal & Interest | < 90% | $10,000 | |
| | Owner Occupier | Principal & Interest | 90%-95% | $10,000 | |
| | Owner Occupier | Interest Only | < 90% | $10,000 | |
| | Investor | Principal & Interest | < 90% | $10,000 | |
| | Investor | Interest Only | < 90% | $10,000 |
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $150,000
Owner Occupier (Principal & Interest)
LVR 80%-90%
Loan: $150,000
Owner Occupier (Principal & Interest)
LVR 90%-95%
Loan: $150,000
Owner Occupier (Interest Only)
LVR < 90%
Loan: $150,000
Investor (Principal & Interest)
LVR < 80%
Loan: $150,000
Investor (Principal & Interest)
LVR 80%-90%
Loan: $150,000
Investor (Interest Only)
LVR < 80%
Loan: $150,000
Investor (Interest Only)
LVR 80%-90%
Loan: $150,000
Owner Occupier (Principal & Interest)
LVR < 90%
Loan: $10,000
Owner Occupier (Principal & Interest)
LVR 90%-95%
Loan: $10,000
Owner Occupier (Interest Only)
LVR < 90%
Loan: $10,000
Investor (Principal & Interest)
LVR < 90%
Loan: $10,000
Investor (Interest Only)
LVR < 90%
Loan: $10,000
If you’re looking to borrow more than $150,000 and have at least a 10% deposit or equity in your home, the Back to Basics Home Loan from Suncorp has all the great features you want in a mortgage - a competitively low interest rate, no fees and flexible payment options. And if you're an investor, you'll be happy to know that this home loan also picked up a 2021 Mozo Experts Choice Award in the Investor Home Loan category.
To get the most competitive interest rate with the Back to Basics Loan of 2.44% (2.45% comparison*), you’ll need to be an owner-occupier with a LVR of 80% of less, borrow more than $150,000, and open a Suncorp Everyday Option Account. Called the ‘Better Together’ bundle, in addition to a special discounted rate on your home loan, you’ll also get a discount of up to 20% off your first premium on a new Suncorp Home, Landlord and/or Contents insurance policy.
Meanwhile for owner occupiers with higher LVRs of up to 90%, rates start from a higher but still decent 2.59% (2.60% comparison*).
There is also an Investor option available with this home loan, where interest rates sit at 2.79% (2.80% comparison*) and you will need to have a LVR of at least 80%.
You can say goodbye to pesky ongoing fees as the Back to Basics Loan doesn’t have any. There are no loan application fees, annual or monthly account fees. There is a loan discharge fee of $350, which you’ll pay at the end of the loan but this is a standard fee across most home loans so it shouldn’t be something to be overly concerned with.
This flexible home loan gives borrowers the option to make weekly, fortnightly or monthly repayments as well as offering free extra repayments. There is a redraw facility, but there are some conditions - only the first redraw of every month is free and there is a minimum redraw amount of $1,000.
This is a great home loan option for borrowers who are keen to do the bulk of their banking with Suncorp and are looking for a low cost, competitive loan without the bells and whistles.
While you can make extra repayments with this loan just be aware that it doesn’t come with an offset account.
Also, if you have a loan to value ratio (LVR) of over 80%, you’ll need to purchase Lenders Mortgage Insurance (LMI).
2.44% p.a.
n/a
n/a
n/a
2.45% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$150,000
none
none
80.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
Yes - free
no
yes - free
none
yes
no
none
none
none
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.
2.59% p.a.
n/a
n/a
n/a
2.60% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$150,000
none
80.00%
90.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
Yes - free
no
yes - free
none
yes
no
none
none
none
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.
3.09% p.a.
n/a
n/a
n/a
3.10% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$150,000
none
90.00%
95.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
Yes - free
no
yes - free
none
yes
no
none
none
none
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.
2.94% p.a.
n/a
n/a
n/a
2.73% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$150,000
none
none
90.00%
Owner Occupier
Interest Only
Weekly, Fortnightly, Monthly
Yes - free
no
yes - free
none
yes
no
none
none
none
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.
2.79% p.a.
n/a
n/a
n/a
2.80% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$150,000
none
none
80.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
Yes - free
no
yes - free
none
yes
no
none
none
none
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.
2.99% p.a.
n/a
n/a
n/a
3.00% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$150,000
none
80.00%
90.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
Yes - free
no
yes - free
none
yes
no
none
none
none
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.
2.89% p.a.
n/a
n/a
n/a
2.84% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$150,000
none
none
80.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
Yes - free
no
yes - free
none
yes
no
none
none
none
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.
3.09% p.a.
n/a
n/a
n/a
3.03% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$150,000
none
80.00%
90.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
Yes - free
no
yes - free
none
yes
no
none
none
none
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.
4.40% p.a.
n/a
n/a
n/a
4.45% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$600.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$10,000
none
none
90.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
Yes - free
no
yes - free
none
yes
no
none
none
none
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.
4.40% p.a.
n/a
n/a
n/a
4.47% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$990.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$10,000
none
90.00%
95.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
Yes - free
no
yes - free
none
yes
no
none
none
none
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.
4.57% p.a.
n/a
n/a
n/a
4.47% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$600.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$10,000
none
none
90.00%
Owner Occupier
Interest Only
Weekly, Fortnightly, Monthly
Yes - free
no
yes - free
none
yes
no
none
none
none
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.
4.82% p.a.
n/a
n/a
n/a
4.83% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$600.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$10,000
none
none
90.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
Yes - free
no
yes - free
none
yes
no
none
none
none
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.
5.24% p.a.
n/a
n/a
n/a
5.00% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$600.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$10,000
none
none
90.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
Yes - free
no
yes - free
none
yes
no
none
none
none
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.
Suncorp are extremely responsive and easy to deal with. They have offered competitive rates and periodically check in with their customers.
Read full reviewSuncorp are extremely responsive and easy to deal with. They have offered competitive rates and periodically check in with their customers.
We are not happy with the interest rate and they keep mixing up our accounts.
Read full reviewWe are not happy with the interest rate and they keep mixing up our accounts.
Went in to do some banking with my home loan and was told the process would take 3-4 weeks, it has been 4 months now and still waiting for it all to be finalised. Been thrown around with multiple bankers and departments. Spent hours on the phone to get no where. No responses through email. Documents sent by mail to wrong address even though I told them it was urgent and I could come into the branch straight away or sign and email. The long process has ruined a lot of financial opportunities for me and has shown me Suncorp have no care for people. Appalling.
Read full reviewWent in to do some banking with my home loan and was told the process would take 3-4 weeks, it has been 4 months now and still waiting for it all to be finalised. Been thrown around with multiple bankers and departments. Spent hours on the phone to get no where. No responses through email. Documents sent by mail to wrong address even though I told them it was urgent and I could come into the branch straight away or sign and email. The long process has ruined a lot of financial opportunities for me and has shown me Suncorp have no care for people. Appalling.
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 am a mortgage broker and have brought them nice business to them but they keep ripping off my clients. Dealt with many banks. Avoid them at any cost.
Read full reviewI am a mortgage broker and have brought them nice business to them but they keep ripping off my clients. Dealt with many banks. Avoid them at any cost.
From small beginnings as a Queensland agricultural bank, Suncorp has grown to become Australia's sixth largest bank. Today Suncorp provides term deposits, savings accounts, home loans, personal loans and other financial services to over 800,000 customers through 178 retail outlets, 680 ATMs, 46 Business Centres, online banking and 24-hour call centres. Suncorp's branches are spread mainly throughout Queensland, Victoria and New South Wales, but are expanding into other states.
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2.47% p.a.
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1.98% p.a.
fixed 3 years
3.56% p.a.
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fixed 3 years
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loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
Bank of Queensland
Fixed Rate
1.94% p.a.
fixed 3 years
2.97% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
1.98% p.a.
fixed 3 years
3.56% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
$0.00
Yard
Variable Home Loan Special
2.29% p.a.
2.32% p.a.
$0.00
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.
