Suncorp Fixed Home Loan (Home Package Plus)

This product is available in different versions. Pick the right version for you here.

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 90%

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 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 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 90%

    Loan: $150,000

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $150,000

  • Owner Occupier (Interest Only)

    LVR < 90%

    Loan: $150,000

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $150,000

  • Investor (Interest Only)

    LVR < 90%

    Loan: $150,000

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $150,000

  • Investor (Interest Only)

    LVR < 90%

    Loan: $150,000

2.89% p.a.

3.59% p.a.

$375.00 yearly

Suncorp Fixed Home Loan (Home Package Plus)

2.89% p.a.

3.59% p.a.

$375.00 yearly

3.19% p.a.

4.24% p.a.

$375.00 yearly

Suncorp Fixed Home Loan (Home Package Plus)

3.19% p.a.

4.24% p.a.

$375.00 yearly

3.99% p.a.

4.44% p.a.

$375.00 yearly

Suncorp Fixed Home Loan (Home Package Plus)

3.99% p.a.

4.44% p.a.

$375.00 yearly

3.19% p.a.

3.89% p.a.

$375.00 yearly

Suncorp Fixed Home Loan (Home Package Plus)

3.19% p.a.

3.89% p.a.

$375.00 yearly

3.39% p.a.

3.93% p.a.

$375.00 yearly

Suncorp Fixed Home Loan (Home Package Plus)

3.39% p.a.

3.93% p.a.

$375.00 yearly

3.49% p.a.

4.93% p.a.

$375.00 yearly

Suncorp Fixed Home Loan (Home Package Plus)

3.49% p.a.

4.93% p.a.

$375.00 yearly

3.69% p.a.

4.97% p.a.

$375.00 yearly

Suncorp Fixed Home Loan (Home Package Plus)

3.69% p.a.

4.97% p.a.

$375.00 yearly

Mozo Review   Suncorp Fixed Home Loan (Home Package Plus) Review

Last updated: 4 December 2019.

What's hot:
  • 2.89% 2 year fixed rate (3.63% comparison rate*)

  • 2019 Mozo Experts Choice Award

  • Free extra repayments up to $500 each month

  • Annual package fee waived in the first year

What's not:
  • Ongoing $375 annual service fee

Mozo snapshot:

Suncorp’s Fixed Home Loan (Home Package Plus) could be the answer for home buyers who are looking for a competitive low rate home loan with the ability to receive discounted rates and savings through bundling an Everyday Option Bank Account with their loan. With a competitive low rates starting from 2.89% (3.63% comparison rate*) 2 years fixed for owner occupiers. To help you in you first year, Suncorp will waive the annual package fee as well as offer no application or other upfront fees.

It even impressed our expert judges enough to take out a 2019 Mozo Experts Choice Award for best Fixed Rate Home Loan. 

Key features:

A Fixed Home Loan (Home Package Plus) with Suncorp has a range of options with principal and interest, and interest only repayments for owner occupiers and investors. For owner occupiers you can receive a low fixed rate of 2.99% (3.63% comparison rate*) for a 2 year loan, and for investors they offer a low 3 year fixed rate of 3.19% (3.89% comparison rate*).

This loan is designed to help home buyers get on their way, so Suncorp offers no application, legal, valuation or other upfront fees. Additionally, for owner occupiers and investors they will waive the annual package fee in the first year of the loan. After this initial period, borrowers are required to pay a $375 annual service fee and a $350 discharge fee once the loan is fully paid out.

With the ability to fix your rate for a term of 1 to 5 years, you can get repayment and rate certainty as you pay back your loan. If you want to pay off your loan faster, you are also able to make free extra repayments of up to $500 a month.

It’s important to note that if you are a first home buyer, Suncorp may refund the annual service fee with a 5 Year Fixed Rate Loan with minimum new home lending in the Home Package Plus of $150,000 - this could save you $11,250 over a 30 year loan.    

And because this is the Home Package Plus option, you will be able to package your loan with a Suncorp Everyday Options Bank Account. The benefit of this option is that you gain access to interest rate discounts, you save on fees - like monthly account keeping fees or loan establishment fees - and on other products offered by Suncorp. It may be worth considering if you are looking to save on fees in more areas than one.

Who it's good for:

The Suncorp Fixed Rate Home Loan (Home Package Plus) could be ideal for someone looking to save on interest and fees through bundling an Everyday Options Bank Account with their home loan. There are considerable bonuses to this loan like the discounted 3 Year rate as well as the lack of an application or annual service fee in your first year.

Any catches?

While you may not pay the annual service fee in your first year, be mindful that you are required to pay a fee of $375 every year following. Similarly you are required to pay a $350 discharge fee on this loan.

Details

Rates and fees information correct as at 11 December 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • 2.89% (3.63%*)

  • 2.89% (3.59%*)

  • n/a

  • n/a

  • n/a

  • n/a

  • 3.29% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $375.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $500 per month

  • no

  • no

  • none

  • no

  • no

  • none

  • Annual package fee is waived in the first year.

  • Receive $2,000 when you refinance an existing loan of $250,000 or more with an LVR of <90%. Apply by 13 December 2019 and settle by 5 March 2020.

*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.

Details

Rates and fees information correct as at 11 December 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.49% (4.40%*)

  • 3.19% (4.31%*)

  • 3.19% (4.24%*)

  • n/a

  • 2.99% (4.03%*)

  • n/a

  • n/a

  • 4.08% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $375.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 95.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $500 per month

  • no

  • no

  • none

  • no

  • no

  • none

  • Annual package fee is waived in the first year.

  • Receive $2,000 when you refinance an existing loan of $250,000 or more with an LVR of <90%. Apply by 13 December 2019 and settle by 5 March 2020.

*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.

Details

Rates and fees information correct as at 11 December 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.99% (4.45%*)

  • 3.99% (4.44%*)

  • 3.99% (4.44%*)

  • n/a

  • 3.99% (4.42%*)

  • n/a

  • n/a

  • 4.08% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $375.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $500 per month

  • no

  • no

  • none

  • no

  • no

  • none

  • Annual package fee is waived in the first year.

  • Receive $2,000 when you refinance an existing loan of $250,000 or more with an LVR of <90%. Apply by 13 December 2019 and settle by 5 March 2020.

*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.

Details

Rates and fees information correct as at 11 December 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • 3.19% (3.92%*)

  • 3.19% (3.89%*)

  • n/a

  • n/a

  • n/a

  • n/a

  • 3.59% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $375.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $500 per month

  • no

  • no

  • none

  • no

  • no

  • none

  • Annual package fee is waived in the first year.

  • Receive $2,000 when you refinance an existing loan of $250,000 or more with an LVR of <90%. Apply by 13 December 2019 and settle by 5 March 2020.

*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.

Details

Rates and fees information correct as at 11 December 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • 3.39% (3.95%*)

  • 3.39% (3.93%*)

  • n/a

  • n/a

  • n/a

  • n/a

  • 3.59% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $375.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $500 per month

  • no

  • no

  • none

  • no

  • no

  • none

  • Annual package fee is waived in the first year.

  • Receive $2,000 when you refinance an existing loan of $250,000 or more with an LVR of <90%. Apply by 13 December 2019 and settle by 5 March 2020.

*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.

Details

Rates and fees information correct as at 11 December 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.99% (5.23%*)

  • 3.49% (5.05%*)

  • 3.49% (4.93%*)

  • n/a

  • 3.29% (4.64%*)

  • n/a

  • n/a

  • 4.95% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $375.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $500 per month

  • no

  • no

  • none

  • no

  • no

  • none

  • Annual package fee is waived in the first year.

  • Receive $2,000 when you refinance an existing loan of $250,000 or more with an LVR of <90%. Apply by 13 December 2019 and settle by 5 March 2020.

*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.

Details

Rates and fees information correct as at 11 December 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.99% (5.22%*)

  • 3.69% (5.08%*)

  • 3.69% (4.97%*)

  • n/a

  • 3.49% (4.71%*)

  • n/a

  • n/a

  • 4.95% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $375.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $500 per month

  • no

  • no

  • none

  • no

  • no

  • none

  • Annual package fee is waived in the first year.

  • Receive $2,000 when you refinance an existing loan of $250,000 or more with an LVR of <90%. Apply by 13 December 2019 and settle by 5 March 2020.

*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.

Customer Reviews

How are Suncorp home loans rated by the Mozo community?

Overall customer rating
7.3/10
Price
7.0/10
Features
6.7/10
Customer service
7.4/10
Convenience
7.1/10
Trust
7.1/10

Latest reviews of Suncorp Fixed Home Loan (Home Package Plus)

  • Overall
    9/10
    Great

    I'm happy at the moment .

    I'm happy at the moment .

    Price
    9/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10

    Janet | Queensland

    reviewed over 3 years ago

  • Overall
    10/10
    Highly recommend Suncorp

    Suncorp Bank, have been amazing. They were so helpful with the home loan process especially...

    Suncorp Bank, have been amazing. They were so helpful with the home loan process especially considering I was a first home buyer.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Claire | Queensland

    reviewed over 3 years ago

  • Overall
    9/10
    Suncorp could use work.

    Suncorp bank is a bank that is fairly debatable, it has poor customer service because it is very...

    Suncorp bank is a bank that is fairly debatable, it has poor customer service because it is very hard to contact them physically and online.

    Price
    8/10
    Features
    5/10
    Customer service
    4/10
    Convenience
    3/10
    Trust
    9/10

    Amala | New South Wales

    reviewed about 4 years ago

  • Overall
    8/10
    Great staff & good competitive products.

    Branch in local shopping centre & staff are extremely helpful & very knowledgable. No matter who...

    Branch in local shopping centre & staff are extremely helpful & very knowledgable. No matter who serves you they deal with pretty much all queries or processes.

    Price
    8/10
    Features
    9/10
    Customer service
    7/10
    Convenience
    10/10
    Trust
    9/10

    Tony | New South Wales

    reviewed about 4 years ago

  • Overall
    0/10
    Terrible!

    Suncorp are the worst, most unreliable bank on the face of the earth. They have turned the...

    Suncorp are the worst, most unreliable bank on the face of the earth. They have turned the experience of building my first home into a nightmare. I will never, ever take out another home loan with them, ever! Do yourself a favor and go with another bank, it's not worth the stress.

    Price
    7/10
    Features
    8/10
    Customer service
    0/10
    Convenience
    0/10
    Trust
    0/10

    Elise | Queensland

    reviewed over 4 years ago

Suncorp

About Suncorp

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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*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.