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Residential current offers

More value, across all lending needs.

From simple, low cost lending to all the benefits and features of a Package, we've got a great deal for your customers.

 

Summary of special offers (see below for details):

Interest rate offers

  • Better Together Back to Basics Variable
  • Home Package Plus Variable, Fixed Rate and Access Equity
  • Home Package Plus First Home Buyers Variable and 5 Year Fixed Rate

Annual fee offers                                                                                                           

  • Home Package Plus annual fee waiver(1) - one year
  • Home Package Plus First Home Buyer - No annual fee for the life of the loan(2)

Refinance Incentive and First Home Buyer Cash/LMI Offer (Expired)

  • These offers have ended as of 1 September 2019

$2,000 Cash Bonus (^) - NEW

  • Available for Home Package Plus home loans with a minimum new home lending of $250,000 or more.
  • Up to and including 90% Loan to Value Ratio (LVR)
  • Purchase and Refinance Only
  • Apply by 13 December 2019, settle by 5 March 2020
  • Further T&C and eligibility criteria apply (3)                                                                                    

General need to know:                                                                              

  • All interest rate offers are for eligible new home lending over $150,000
  • All annual fee offers are for eligible new home lending over $150,000
  • Pre-approvals are not eligible for Special Offers
  • Abbreviation summary provided below
  • Standard Interest Rate: For customers without a package and minimum lending requirement is only $10,000. The interest rates quoted below are inclusive of a discount margin which is deducted from the Standard Interest Rate. View the Interest Rate Guide linked at the bottom of this page for a full list of standard interest rates.
  • Comparison Rate Warning:  Each comparison rate is based on $150,000 over 25 years. These comparison rates apply 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. Comparison rates for Interest Only Fixed Rate home loans are based on an initial Interest Only period equal in length to the fixed rate period. Comparison rates for Interest Only Variable home loans are based on an initial 5-year Interest Only period.

Interest Rate Offers

 

Better Together Back to Basics Variable

LVR Purpose Repayment Type Net Interest Rate Comparison Rate# Discount (inclusive)
<=90% PP/OO P & I 3.69% p.a. 3.70% p.a. -1.50% p.a.
Between 90% <= 95% PP/OO P & I 3.99% p.a. 4.00% p.a. -1.20% p.a.
<=90% PP/OO I/O 4.39% p.a. 3.97% p.a. -0.97% p.a.
<=90% Invest P & I 3.99% p.a. 4.00% p.a. -1.62% p.a.
<=90% Invest I/O 4.39% p.a. 4.15% p.a. -1.64% p.a.

All rates are valid until withdrawn and are subject to change. Back to Basics Special Offers for P & I and I/O are valid from 22 February 2019. For Better Together Special Offers, an Everyday Basics transaction account will be opened for all new customers that do not already hold a Suncorp Bank transaction account. Pre-approvals are excluded from Special Offer rates.

NOTE - Ensure the Package/Offer Options and Transaction Account sections of the application form are completed to be eligible for the discounted interest rates.

It’s important to note that mortgage offset is not available on Back to Basics home loans so customers requiring offset should consider our Home Package Plus Standard Variable home loans with linked Everyday Options account in offset mode (see pricing below) ($375 annual fee applies).

 

Home Package Plus Special Offers

Home Loan LVR Purpose Repayment Type Net Interest Rate Comparison Rate# Discount (inclusive)
Standard Variable <=90% PP/OO P & I 3.99% p.a. 4.38% p.a. -1.78% p.a.
Standard Variable <=90% PP/OO I/O 4.39% p.a. 4.50% p.a. -1.55% p.a.
1 Year Fixed^ <=90% PP/OO P & I 3.49% p.a. 4.33% p.a. -0.35% p.a.
Access Equity (Line of Credit) <=90% PP/OO and Invest I/O 4.49% p.a. n/a -1.95% p.a.
Standard Variable <=90% Invest P & I 4.29% p.a. 4.67% p.a. -1.95% p.a.
Standard Variable <=90% Invest I/O 4.69% p.a. 4.80% p.a. 1.97% p.a.
5 Year Fixed^ <=90% Invest P & I 4.29% p.a. 4.67% p.a. -0.55% p.a.

All rates are valid until withdrawn and are subject to change. HPP PP/OO, P & I and HPP I/O are valid from 13 December 2018. HPP Invest, P/I and I/O are valid from 14 September 2018. HPP Access Equity is valid from 14 September 2018. Pre-approvals are excluded from Special Offer rates.

 

 

Home Package Plus Special Offers-First Home Buyers

Home Loan LVR Purpose Repayment Type Net Interest Rate Comparison Rate# Discount (inclusive)
Standard Variable 95% or less PP/OO P & I 3.99% p.a. 4.00% p.a. -1.78% p.a.
Standard Variable 90% or less PP/OO I/O 4.39% p.a. 4.15% p.a. -1.55% p.a.
5 Year Fixed^ 95% or less PP/OO P & I 3.99% p.a. 4.00% p.a. -0.35% p.a.
5 Year Fixed^ 90% or less PP/OO I/O 3.99% p.a. 4.00% p.a. -0.35% p.a.

All rates are valid until withdrawn and are subject to change. First Home Buyers HPP PP/OO, P & I and I/O are valid from 14 September 2018. Pre-approvals are excluded from Special Offer rates.

 

Abbreviation summary:

  • PP – Personal purpose
  • OO – Owner occupied
  • Invest – Investment
  • P&I – Principal and Interest
  • I/O – Interest only
  • HPP – Home Package Plus

Full Details for all our Offers

Annual Fee Offers

1. Home Package Plus annual package fee waived for the first year – save $375. The first annual package fee is waived for new Home Package Plus customers only with new lending of at least $150,000. Offer valid from 05/04/2017 and is subject to change without notice and may be withdrawn at any time before a credit contract is entered into. The annual package fee of $375 is charged and refunded to the loan.
 
2. For First Home Buyers, we’ll refund the $375 annual Home Package Plus fee for the life of the loan saving you up to $11,250 over a 30 year term. Applicable for Owner Occupier First Home Buyers who have never previously purchased a property. An eligible home loan is a First Home Buyers Standard Variable Special Offer or First Home Buyers 5 Year Fixed Rate Special Offer with minimum new home lending in the Home Package Plus of $150,000. No annual fee for the life of the loan valid from 12/09/2017 and is subject to change without notice and may be withdrawn at any time before a credit contract is entered into. The annual package fee of $375 will be charged and refunded for the life of the loan, expiring only if the loan is closed or varied out of the product or package.
 

^The "Cash Bonus" offer

The Home Loan Cash Payment (the "Cash Bonus") is applicable when you are approved for and settle an Eligible Home Loan with Suncorp Bank. An Eligible Home Loan is a home loan that is: (1) applied for between 2 September - 13 December 2019 and settled by 5 March 2020; (2) a loan amount of at least $250,000 new to bank lending with a Loan to Value Ratio of 90% or less; (3) Purchase or Refinance for Owner Occupied or Investment purposes (4) a Standard Variable or 1,2,3 or 5 Year Fixed Rate loan in the Home Package Plus;(5) Back to Basics and Line Credit / Access Equity is excluded, except when split with another eligible home loan of at least $250,000;(6) not established in the name of a company, business or trust. Refinancing of an existing Suncorp Bank home loan or pre-approvals are ineligible for the Cash Bonus. The Cash Bonus cannot be taken in conjunction with "Switch & Save" Offer or any cash promotional offer, unless expressly stated otherwise. A limit of (1) payment will be made to a borrower and if there is more than 1 borrower (1) payment will be made to them jointly. Each borrower, whether individually or jointly, can only ever receive a payment of $2,000 once. If any of the borrowers have received a payment whether individually or jointly under the Cash Bonus previously then no further payments will be made. The $2,000 cash payment will be credited to the linked Everyday Options account which forms part of the Home Package Plus,  within 30 days of the settlement date. Suncorp Bank reserves the right to vary or withdraw the Cash Bonus at any time. Applications subject to credit approval. Fees, and charges may be applicable. Full terms and conditions will be included in our loan offer. Depending on your financial circumstances, you should obtain independent advice before making any decisions regarding the Cash Bonus.

 

 

Other general terms and conditions

·         Home Package Plus: HPP                                                                                              

·         Personal Purpose or Owner Occupied: PP/OO                                                                                    

·         Principal and Interest: P & I                                                                                         

·         Interest Only: I/O

The Home Package Plus (HPP) discounts are applied for as long as the home loan remains part of the Home Package Plus. Interest rates and discounts are subject to change without notice. Discount margins may be withdrawn at any time before a contract is entered into. Discounts are applied to the applicable Standard Interest Rate at the day of Settlement.

Loan to Value Ratio (LVR) limits are inclusive of Lenders Mortgage Insurance (LMI) where applicable. A repayment type of interest only is available on loans with an LVR limit < 90%. At the expiry of the interest only period, the rate will convert to the applicable P&I interest rate plus or minus any applicable margins specified in your credit contract.

^^The standard Fixed Rate offered on the day of settlement of the loan will apply unless the rate is secured by paying a Guaranteed Rate Fee. At expiry of the Fixed Rate period, the rate will revert to the applicable Standard Variable Interest Rate less any applicable margin discount specified in your credit contract. The Interest Only period on a Fixed Rate must equal the Fixed Rate term.

#WARNING: Each comparison rate is based on $150,000 over 25 years. These comparison rates apply 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. Comparison rates for Interest Only Fixed Rate home loans are based on an initial Interest Only period equal in length to the fixed rate period. Comparison rates for Interest Only Variable home loans are based on an initial 5 year Interest Only period.

Banking products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 (“Suncorp Bank”) to approved applicants only. Please read the relevant Product Information Document and the Terms and Conditions before making a decision regarding any Suncorp Bank products. Fees, charges, terms and conditions apply and are available on request or at suncorp.com.au