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Suncorp Standard Variable Home Loan First Home Buyer (Home Package Plus)

Advertiser disclosure

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 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 $150,000 with an LVR below 95%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $150,000

  • Owner Occupier (Interest Only)

    LVR < 90%

    Loan: $150,000

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $150,000

Rate
2.64% p.a.
Comparison Rate
2.65% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.99% p.a.
Comparison Rate
2.87% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.79% p.a.
Comparison Rate
2.80% p.a.
Service fee
$0.00
Upfront fee
$0

Details

Rates and fees information correct as at 18 January 2021. 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
  • 2.64% p.a.

  • n/a

  • n/a

  • n/a

  • 2.65% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 80.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • none

  • yes

  • yes

  • Available only to first home buyers who have never previously purchased a property.

  • 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.

Details

Rates and fees information correct as at 18 January 2021. 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
  • 2.99% p.a.

  • n/a

  • n/a

  • n/a

  • 2.87% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 90.00%

Features
  • Owner Occupier

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • none

  • yes

  • yes

  • Available only to first home buyers who have never previously purchased a property.

  • 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.

Details

Rates and fees information correct as at 18 January 2021. 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
  • 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

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 95.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • none

  • yes

  • yes

  • Available only to first home buyers who have never previously purchased a property.

  • 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.

Customer Reviews

How are Suncorp home loans rated by the Mozo community?

Overall
7.2/10
Price
7.0/10
Features
6.7/10
Customer service
7.3/10
Convenience
7.1/10
Trust
7.1/10

Latest reviews of Suncorp Standard Variable Home Loan First Home Buyer (Home Package Plus)

  • Overall 9/10
    Beyond Expectation

    I had some financial difficulties during the Covid period. They were wonderful and I could not have asked for better assistance.

    Read full review

    I had some financial difficulties during the Covid period. They were wonderful and I could not have asked for better assistance.

    Price
    7/10
    Features
    6/10
    Customer service
    10/10
    Convenience
    7/10
    Trust
    10/10
    Less
    Kristy, Tasmania reviewed 4 days ago
  • Overall 1/10
    Did not pass on savings

    Time to pass the savings. Suncorp has not passed on the savings from the RBA. Shame.

    Read full review

    Time to pass the savings. Suncorp has not passed on the savings from the RBA. Shame.

    Price
    1/10
    Features
    1/10
    Customer service
    -1/10
    Convenience
    -1/10
    Trust
    1/10
    Less
    Kenneth, Queensland reviewed 7 days ago
  • Overall 7/10
    Competitive rates and transparency.

    We feel well informed about any changes to our interest rates, Suncorp has passed on most of RBA's cuts. We also have all our insurance with Suncorp that we are offered a multi-policy discount for. The local customer service is fantastic to deal with, the only communication issues we have had was with the call centre staff.

    Read full review

    We feel well informed about any changes to our interest rates, Suncorp has passed on most of RBA's cuts. We also have all our insurance with Suncorp that we are offered a multi-policy discount for. The local customer service is fantastic to deal with, the only communication issues we have had was with the call centre staff.

    Price
    8/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    9/10
    Trust
    7/10
    Less
    Maja, Queensland reviewed 11 months ago
  • Overall 5/10
    Higher interest rate than other banks.

    I am happy with Suncorp and the loan is flexible and I am able to put additional repayments on the loan. The loan does not have an annual fee or accounts fees. The only issue is the interest rate which is currently 3.35% which is high compared to other loans at 2.88%. I have contacted Suncorp and they won't reduce the rate so I will shop around.

    Read full review

    I am happy with Suncorp and the loan is flexible and I am able to put additional repayments on the loan. The loan does not have an annual fee or accounts fees. The only issue is the interest rate which is currently 3.35% which is high compared to other loans at 2.88%. I have contacted Suncorp and they won't reduce the rate so I will shop around.

    Price
    5/10
    Features
    7/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    7/10
    Less
    Tina, New South Wales reviewed about 1 year ago
  • Overall 8/10
    Excellent customer relations with top rates.

    Suncorp has very attractive and competitive rates and very good customer relations. Their physical presence outside of Queensland is limited but their knowledgeable online support more than compensated for the lack of branches across Australia.

    Read full review

    Suncorp has very attractive and competitive rates and very good customer relations. Their physical presence outside of Queensland is limited but their knowledgeable online support more than compensated for the lack of branches across Australia.

    Price
    9/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    10/10
    Less
    David, Queensland reviewed about 1 year ago
Thumbnail icon for 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.

See Suncorp home loans

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p.a.

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AcceleRATES Variable Home Loan

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Reward Me Fixed Rate Home Loan

2.04% p.a.
fixed 3 years

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Basic Home Loan (Fixed)

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2.53% p.a.

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86 400

Neat Home Loan

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Fixed Home Loan (Home Package Plus)

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UHomeLoan (Fixed)

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fixed 3 years

2.27% p.a.

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AcceleRATES Variable Home Loan

2.19% p.a. variable

2.19% p.a.

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Virgin Money

Reward Me Fixed Rate Home Loan

2.04% p.a.
fixed 3 years

2.73% p.a.

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Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.53% p.a.

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Neat Home Loan

2.19% p.a. variable

2.20% p.a.

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Fixed Home Loan (Home Package Plus)

1.99% p.a.
fixed 3 years

2.90% p.a.

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Fixed Rate Home Loan (Package)

2.09% p.a.
fixed 3 years

3.67% p.a.

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Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a.

2.47% p.a.

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UHomeLoan - Discount Offer

2.34% p.a.

2.34% p.a.

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Athena

AcceleRATES Variable Home Loan

2.19% p.a.

2.19% p.a.

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Macquarie

Basic Home Loan

2.64% p.a.

2.64% p.a.

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86 400

Neat Home Loan

2.19% p.a.

2.20% p.a.

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People's Choice Credit Union

Basic Variable Home Loan

2.49% p.a.

2.49% p.a.

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Back to Basics

2.54% p.a.

2.55% p.a.

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Bank of Queensland

Economy

2.59% p.a.

2.76% p.a.

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Fixed Home Loan

1.99% p.a.
fixed 3 years

2.70% p.a.

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UBank

UHomeLoan (Fixed)

1.95% p.a.
fixed 3 years

2.27% p.a.

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Virgin Money

Reward Me Fixed Rate Home Loan

2.04% p.a.
fixed 3 years

2.73% p.a.

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Macquarie

Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.53% p.a.

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Fixed Home Loan (Home Package Plus)

2.19% p.a.
fixed 3 years

3.03% p.a.

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People's Choice Credit Union

Fixed Rate Home Loan (Package)

2.09% p.a.
fixed 3 years

3.67% p.a.

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Bank of Queensland

Fixed Rate

2.09% p.a.
fixed 3 years

3.01% p.a.

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Qudos Bank

Fixed Rate Home Loan

2.19% p.a.
fixed 3 years

2.68% p.a.

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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.

2.47% p.a.

$0.00

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UBank

UHomeLoan - Discount Offer

2.34% p.a.

2.34% p.a.

$0.00

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Athena

AcceleRATES Variable Home Loan

2.19% p.a.

2.19% p.a.

$0.00

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86 400

Neat Home Loan

2.19% p.a.

2.20% p.a.

$0.00

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Yard

Variable Home Loan Special

2.09% p.a.

2.12% p.a.

$0.00

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Newcastle Permanent

Real Deal Home Loan

2.59% p.a.

2.63% p.a.

$0.00

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GMCU

Basic Variable

2.33% p.a.variable for 24 months and then 3.82% p.a.

3.71% p.a.

$8.00 monthly

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Suncorp

Back to Basics

2.54% p.a.

2.55% 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.