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Suncorp Bank Home Loans & Rates Comparison
Today’s rates at a glance
Suncorp Bank best
6.08%
P.A. rate6.09%
Comparison*Back to Basics Home Loan · Variable · P&I · ≤60% LVR
Market best
5.69%
P.A. rate5.71%
Comparison*Suncorp Bank is +0.39% higher
*Comparison rates based on a $150,000 loan over 25 years. Different terms, fees or loan amounts might result in a different comparison rate.
See if you can get a better rateSuncorp Bank home loan rates
Easily compare Suncorp Bank's home loan interest rates. Use the filters to find rates to suit your needs. To check Suncorp Bank rates versus the lenders in our panel, just click 'compare'.
| Product | Rate | Comparison* | Type | Monthly | Compare |
|---|---|---|---|---|---|
| Back to Basics Better Together | |||||
| ≤60% LVR | 6.08%p.a. | 6.09%p.a. | Variable | $3,628 Principal and interest | Compare Lowest |
| ≤70% LVR | 6.08%p.a. | 6.09%p.a. | Variable | $3,628 Principal and interest | Compare Lowest |
| ≤80% LVR | 6.13%p.a. | 6.14%p.a. | Variable | $3,648 Principal and interest | |
| ≤90% LVR | 6.39%p.a. | 6.40%p.a. | Variable | $3,749 Principal and interest | |
| ≤95% LVR | 7.34%p.a. | 7.34%p.a. | Variable | $4,130 Principal and interest | |
| Home Package Plus | |||||
| ≤70% LVR | 6.13%p.a. | 6.48%p.a. | Variable | $3,648 Principal and interest | Compare Lowest |
| ≤60% LVR | 6.13%p.a. | 6.48%p.a. | Variable | $3,648 Principal and interest | Compare Lowest |
| ≤80% LVR | 6.18%p.a. | 6.53%p.a. | Variable | $3,667 Principal and interest | |
| ≤90% LVR | 6.56%p.a. | 6.91%p.a. | Variable | $3,816 Principal and interest | |
| Home Package Plus Fixed | |||||
| ≤80% LVR | 6.24%p.a. | 6.54%p.a. | Fixed 2yr | $3,690 Principal and interest | Compare Lowest |
| ≤80% LVR | 6.29%p.a. | 6.54%p.a. | Fixed 1yr | $3,710 Principal and interest | |
| ≤90% LVR | 6.29%p.a. | 6.88%p.a. | Fixed 1yr | $3,710 Principal and interest | |
| ≤90% LVR | 6.44%p.a. | 6.88%p.a. | Fixed 2yr | $3,769 Principal and interest | |
| ≤80% LVR | 6.44%p.a. | 6.91%p.a. | Fixed 3yr | $3,769 Principal and interest | |
| ≤80% LVR | 6.54%p.a. | 6.69%p.a. | Fixed 5yr | $3,808 Principal and interest | |
| ≤90% LVR | 6.64%p.a. | 6.93%p.a. | Fixed 3yr | $3,848 Principal and interest | |
| ≤90% LVR | 6.74%p.a. | 6.99%p.a. | Fixed 5yr | $3,888 Principal and interest | |
| Standard First Home Buyer OO PI Fixed | |||||
| ≤95% LVR | 6.54%p.a. | 7.00%p.a. | Fixed 5yr | $3,808 Principal and interest | Compare Lowest |
| Standard OO PI Fixed | |||||
| ≤95% LVR | 6.69%p.a. | 8.85%p.a. | Fixed 2yr | $3,868 Principal and interest | Compare Lowest |
| ≤90% LVR | 6.69%p.a. | 8.85%p.a. | Fixed 2yr | $3,868 Principal and interest | Compare Lowest |
| ≤90% LVR | 6.74%p.a. | 9.12%p.a. | Fixed 1yr | $3,888 Principal and interest | |
| ≤95% LVR | 6.74%p.a. | 9.12%p.a. | Fixed 1yr | $3,888 Principal and interest | |
| ≤95% LVR | 6.89%p.a. | 8.68%p.a. | Fixed 3yr | $3,948 Principal and interest | |
| ≤90% LVR | 6.89%p.a. | 8.68%p.a. | Fixed 3yr | $3,948 Principal and interest | |
| ≤95% LVR | 6.99%p.a. | 8.37%p.a. | Fixed 5yr | $3,988 Principal and interest | |
| ≤90% LVR | 6.99%p.a. | 8.37%p.a. | Fixed 5yr | $3,988 Principal and interest | |
| Standard First Home Buyer Special Variable | |||||
| ≤95% LVR | 6.74%p.a. | 7.09%p.a. | Variable | $3,888 Principal and interest | Compare Lowest |
| Back to Basics OO PI | |||||
| ≤95% LVR | 8.65%p.a. | 8.73%p.a. | Variable | $4,677 Principal and interest | Compare Lowest |
| ≤90% LVR | 8.65%p.a. | 8.73%p.a. | Variable | $4,677 Principal and interest | Compare Lowest |
| Standard Variable OO PI | |||||
| ≤90% LVR | 9.23%p.a. | 9.41%p.a. | Variable | $4,927 Principal and interest | Compare Lowest |
| ≤95% LVR | 9.23%p.a. | 9.41%p.a. | Variable | $4,927 Principal and interest | Compare Lowest |
Suncorp Bank variable home loan rates
Suncorp Bank has two variable rate home loans which offer different levels of inclusions and LVR options.
Back to Basics Home Loan
This variable rate loan from Suncorp Bank offers low interest rates and no ongoing fees. There’s no offset account, but borrowers can redraw extra repayments at no extra cost.
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Back to Basics up to 60% LVR | 6.08% p.a. | 6.09% p.a. |
| Back to Basics 60-70% LVR | 6.08% p.a. | 6.09% p.a. |
| Back to Basics 70-80% LVR | 6.13% p.a. | 6.14% p.a. |
| Back to Basics 80-90% LVR | 6.39% p.a. | 6.40% p.a. |
| Back to Basics 90-95% LVR | 7.34% p.a. | 7.34% p.a. |
The Back to Basics Home Loan has lower fees than Suncorp Bank’s other loans, with the only fee to consider being:
$600 loan establishment fee for loans with a <90% LVR
$990 loan establishment fee for loans with a >=90% LVR
As a part of their Better Together special, Suncorp Bank offers a discounted interest rate for borrowers who link their home loan of $150k or more with an Everyday Options Accounts.
Standard Variable Rate Home Loan
Suncorp Bank’s Standard Variable Rate Home Loan is their more comprehensive variable rate loan, with an offset account available, redraw capacity, as well as an interest-only option (higher rates apply).
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Standard Variable Home Loan up to 60% LVR | 6.13% p.a. | 6.48% p.a. |
| Standard Variable Home Loan 60-70% LVR | 6.13% p.a. | 6.48% p.a. |
| Standard Variable Home Loan 70-80% LVR | 6.18% p.a. | 6.53% p.a. |
| Standard Variable Home Loan 80-90% LVR | 6.56% p.a. | 6.91% p.a. |
The main fees for Suncorp’s Standard Variable Rate Home Loan include:
$600 loan establishment fee for loans with a <90% LVR
$990 loan establishment fee for loans with a >=90% LVR
$10 monthly account keeping fee
$75 one off mortgage offset fee
Suncorp Bank offers discounted interest rates and lower fees for new customers who link an Everyday Options account as a part of their Home Package Plus plan. Specifically, it will waive borrowers’ loan establishment fee, monthly account keeping fee, and mortgage offset fee.
Standard Variable Rate Home Loan - First Home Buyer
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Standard Variable Home Loan up to 95% LVR | 6.74% p.a. | 7.09% p.a. |
Suncorp Bank’s fixed home loan rates
Suncorp Bank offers a single fixed rate home loan option with rates depending on your LVR and term duration. Fixed durations are available for up to five years with maximum LVR bands of 80% to 90%, with different rates applying to each tier.
Fixed Rate Home Loan
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Home Loan - 1 Year Fixed up to 80% LVR | 6.29% p.a. | 6.54% p.a. |
| Home Loan - 1 Year Fixed 80-90% LVR | 6.29% p.a. | 6.88% p.a. |
| Home Loan - 2 Year Fixed up to 80% LVR | 6.24% p.a. | 6.54% p.a. |
| Home Loan - 2 Year Fixed 80-90% LVR | 6.44% p.a. | 6.88% p.a. |
| Home Loan - 3 Year Fixed up to 80% LVR | 6.44% p.a. | 6.61% p.a. |
| Home Loan - 3 Year Fixed 80-90% LVR | 6.64% p.a. | 6.93% p.a. |
| Home Loan - 5 Year Fixed up to 80% LVR | 6.54% p.a. | 6.69% p.a. |
| Home Loan - 5 Year Fixed 80-90% LVR | 6.74% p.a. | 6.99% p.a. |
The fees for Suncorp Bank’s Fixed Rate Home Loan include:
$600 loan establishment fee for loans with a <90% LVR
$990 loan establishment fee for loans with a >=90% LVR
$10 monthly account keeping fee
Suncorp’s Home Package Plus special is also available on its fixed rate home loan, so borrowers can save on fees and receive a discounted interest rate. To be eligible, borrowers must link an Everyday Options account with their home loan.
Fixed Rate Home Loan - First Home Buyer
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Home Loan - 5 Year Fixed up to 95% LVR | 6.54% p.a. | 7.00% p.a. |
Suncorp Bank’s variable investment home loan rates
Suncorp Bank offers the same suite of variable home loans to investors with different rates.
Back to Basics Home Loan for investors
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Back to Basics up to 60% LVR | 6.18% p.a. | 6.19% p.a. |
| Back to Basics 60-70% LVR | 6.22% p.a. | 6.23% p.a. |
| Back to Basics 70-80% LVR | 6.23% p.a. | 6.24% p.a. |
| Back to Basics 80-90% LVR | 6.84% p.a. | 6.84% p.a. |
Standard Variable Rate Home Loan for investors
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Standard Variable Home Loan up to 60% LVR | 6.26% p.a. | 6.61% p.a. |
| Standard Variable Home Loan 60-70% LVR | 6.28% p.a. | 6.63% p.a. |
| Standard Variable Home Loan 70-80% LVR | 6.28% p.a. | 6.63% p.a. |
| Standard Variable Home Loan 80-90% LVR | 6.91% p.a. | 7.25% p.a. |
Suncorp Bank’s fixed investment home loan rates
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Home Loan - 1 Year Fixed up to 80% LVR | 6.44% p.a. | 6.65% p.a. |
| Home Loan - 1 Year Fixed 80-90% LVR | 6.44% p.a. | 7.20% p.a. |
| Home Loan - 2 Year Fixed up to 80% LVR | 6.34% p.a. | 6.64% p.a. |
| Home Loan - 2 Year Fixed 80-90% LVR | 6.54% p.a. | 7.18% p.a. |
| Home Loan - 3 Year Fixed up to 80% LVR | 6.49% p.a. | 6.69% p.a. |
| Home Loan - 3 Year Fixed 80-90% LVR | 6.69% p.a. | 7.19% p.a. |
| Home Loan - 5 Year Fixed up to 80% LVR | 6.64% p.a. | 6.79% p.a. |
| Home Loan - 5 Year Fixed 80-90% LVR | 6.84% p.a. | 7.22% p.a. |
Suncorp Bank’s variable interest-only home loan rates for owner occupier
Suncorp allows borrowers to make interest-only repayments from the same suite of variable rate loans for up to five years, just with different rates.
Back to Basics Home Loan - interest-only
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Back to Basics up to 60% LVR | 6.44% p.a. | 6.24% p.a. |
| Back to Basics 60-70% LVR | 6.44% p.a. | 6.24% p.a. |
| Back to Basics 70-80% LVR | 6.54% p.a. | 6.31% p.a. |
| Back to Basics 80-90% LVR | 7.34% p.a. | 6.81% p.a. |
Standard Variable Rate Home Loan - interest-only
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Standard Variable Home Loan up to 60% LVR | 6.56% p.a. | 6.64% p.a. |
| Standard Variable Home Loan 60-70% LVR | 6.56% p.a. | 6.64% p.a. |
| Standard Variable Home Loan 70-80% LVR | 6.66% p.a. | 6.71% p.a. |
| Standard Variable Home Loan 80-90% LVR | 7.51% p.a. | 7.30% p.a. |
Suncorp Bank’s variable interest-only home loan rates for investors
Investors can access interest-only repayments from Suncorp's variable and fixed rate home loans.
Back to Basics Home Loan - investment (interest-only)
| Rate Tier | Interest rate | Comparison rate* |
|---|---|---|
| Back to Basics up to 60% LVR | 6.38% p.a. | 6.27% p.a. |
| Back to Basics 60-70% LVR | 6.38% p.a. | 6.29% p.a. |
| Back to Basics 70-80% LVR | 6.38% p.a. | 6.30% p.a. |
| Back to Basics 80-90% LVR | 6.84% p.a. | 6.84% p.a. |
Standard Variable Home Loan - investment (interest-only)
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Standard Variable Home Loan up to 60% LVR | 6.40% p.a. | 6.65% p.a. |
| Standard Variable Home Loan 60-70% LVR | 6.40% p.a. | 6.66% p.a. |
| Standard Variable Home Loan 70-80% LVR | 6.44% p.a. | 6.67% p.a. |
| Standard Variable Home Loan 80-90% LVR | 6.94% p.a. | 7.24% p.a. |
Suncorp Bank’s fixed interest-only home loan rates for investors
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Home Loan - 1 Year Fixed up to 80% LVR | 6.49% p.a. | 6.65% p.a. |
| Home Loan - 1 Year Fixed 80-90% LVR | 6.49% p.a. | 7.20% p.a. |
| Home Loan - 2 Year Fixed up to 80% LVR | 6.49% p.a. | 6.66% p.a. |
| Home Loan - 2 Year Fixed 80-90% LVR | 6.69% p.a. | 7.20% p.a. |
| Home Loan - 3 Year Fixed up to 80% LVR | 6.64% p.a. | 6.72% p.a. |
| Home Loan - 3 Year Fixed 80-90% LVR | 6.84% p.a. | 7.22% p.a. |
| Home Loan - 5 Year Fixed up to 80% LVR | 6.69% p.a. | 6.78% p.a. |
| Home Loan - 5 Year Fixed 80-90% LVR | 6.89% p.a. | 7.22% p.a. |
How competitive are Suncorp Bank’s home loan rates?
Compared to some of Australia’s other major lenders, Suncorp Bank offers relatively competitive home loan rates. Especially across their variable rate offerings, with their Standard Variable Home Loan being a considerable challenger to their competitors. However, Suncorp Bank’s Fixed Rate Home Loans are not as eyegrabbing, and they’re generally on par or higher than similar options at other lenders.
While their positioning in the market is decent, it may be beneficial looking at the home loans that are offered by smaller lenders, who tend to have sharper rates.
Compare Suncorp's home loan rates to other Australian lenders:
What are Suncorp Bank’s lowest home loan rates?
Suncorp Bank’s lowest home loan rate is currently available in its Back to Basics Home Loan for owner occupiers. This is a variable rate loan that has less fees and no offset.
If you’re searching for Suncorp Bank’s lowest fixed rate loan, that’s currently available on a one-year 80% and 90% LVR band, as well as a two-year 80% LVR band fixed term for owner occupiers.
Shopping home loan rates beyond the big banks?
Non-major banks
Think ING, HSBC, Bendigo, Suncorp Bank etc. In terms of products and processes, these will be very similar to the big 4 banks who lead the trends in banking in Australia. But non-major banks often have lower rates and special offers (e.g. refinance cashback) in order to be competitive versus the bigger lenders. The non-major banks are still well-known brands with high-quality online tools systems.
Customer-owned
There are dozens of small member-owned banks and credit unions in Australia. Many are focussed on customers in a particular regional area, or even workers in a certain profession. These lenders often have the lowest rates in the market and personalised customer service, but the eligibility criteria may be more limited and the application process can be slow.
Non-bank lenders
Australian borrowers also have plenty of choice among non-bank home loan providers. Some are mainstream lenders (often online only) offering loans to your typical home loan borrowers. Others specialise in offering loans to cater for specific borrowers and scenarios, such as self-employed borrowers, bad credit borrowers or SMSF loans.