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

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
2.84% p.a.
Comparison Rate*
2.85% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.04% p.a.
Comparison Rate*
3.05% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.04% p.a.
Comparison Rate*
3.05% p.a.
Service fee
$0.00
Upfront fee
$0

Details

Rates and fees information correct as at 11 August 2020. 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
  • 2.84% p.a.

  • n/a

  • n/a

  • n/a

  • 2.85% 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

  • first redraw per month free

  • $1,000.00

  • 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 11 August 2020. 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
  • 3.04% p.a.

  • n/a

  • n/a

  • n/a

  • 3.05% 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

  • first redraw per month free

  • $1,000.00

  • 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 11 August 2020. 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
  • 3.04% p.a.

  • n/a

  • n/a

  • n/a

  • 3.05% 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

  • first redraw per month free

  • $1,000.00

  • 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 customer rating
7.2/10
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 Standard Variable Home Loan First Home Buyer (Home Package Plus)

  • 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 6 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 9 months 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 9 months ago
  • Overall 7/10
    Good convenient access to funds

    Access to funds is convenient however there is a lack of service and branches.

    Read full review

    Access to funds is convenient however there is a lack of service and branches.

    Price
    8/10
    Features
    7/10
    Customer service
    4/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Michael, Queensland reviewed almost 2 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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2.29% p.a.
fixed 3 years

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2.39% p.a.
fixed 3 years

3.66% p.a.

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2.59% p.a.

2.62% p.a.

$0.00

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2.59% p.a.

$0.00

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2.86% p.a.

$10.00 monthly

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2.69% p.a.

2.69% p.a.

$0.00

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2.59% p.a.

2.55% p.a.

$0.00

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2.40% p.a.

$0.00

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2.39% p.a.

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2.42% 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.