Suncorp is an Australian bank, insurer and superannuation provider. Suncorp has home loans for investors and owner-occupiers, including fixed and variable rates. Check out the full table of Suncorp products below or read more about the lender and its loans.
Compare Suncorp home loans for January 2024
Hit the "Load more" button to compare a bigger selection of products. You can also find more information on each individual product by clicking "more info".
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Here are the key features and details you need to know about Suncorp's mortgage products.
Feature
Details
Minimum deposit
Suncorp loans have 80% maximum LVRs. This means you can borrow up to 80% with a Suncorp mortgage. There are no loans for borrowers with low deposits (that is, deposits below 20%).
Offset account
If you want an offset account on your loan then you should consider Suncorp's package loans.
Fees
Suncorp loans have low fees, and waive some of their package loan fees.
Suncorp's package loans offer discounts on other finance and insurance products and lower fees.
Split rate
Most Suncorp mortgages allow you to split your loan into fixed and variable portions.
How do I apply for a Suncorp mortgage?
When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.
Eligibility
Each Suncorp product has specific eligibility criteria but some will apply to all products. For example:
Age. You must be over 18 years of age.
Residency. You should be a resident of Australia.
Employment. You should have a regular source of income.
Documents required
When you apply for a mortgage with Suncorp you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:
📄 Property details: You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.
📄 Identification documents. You will need identification such as a driver's license, passport or birth certificate.
📄 Proof of income documents. Recent payslips can establish your income.
📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).
If you're looking for a home loan from a similar lender to Suncorp Bank, you could look at the Big Four or some of Australia's other mid-sized lenders.
Big Four banks. Check out home loans from Australia's Big Four banks.
AMP. AMP is a large Australian lender and financial services provider.
Bank of Queensland. Outside of the Big Four this is one of Australia's larger banks.
Macquarie Bank. This retail and investment bank is one of Australia's largest.
ING. This online bank is part of the global, Dutch-based financial group of the same name.
Looking for more mortgage options?
Online lenders. Check out competitive interest rates from some online lenders.
Mortgage brokers. Still confused? Get free, expert guidance from a qualified mortgage broker.
More home loan questions
To make sure you find the right Suncorp loan you need a clear idea of what you're looking for in a mortgage. These simple questions can help:
Do you need to visit a branch? Suncorp has physical branches across the country, but you can also apply online.
What do you need the loan for? If you're buying a home to live in you need an owner-occupier loan. Property investors need an investment loan rate. Suncorp has multiple loans for both borrower types.
Fixed or variable? Do you want the flexibility of a variable rate loan that could rise or fall at any time? Or are you happy to lock in a fixed rate for a certain period so you can forget about rate changes at all?
What features do you need? You need to decide whether you need features like a 100% offset account, the ability to make extra repayments and the option to split your rate.
Do you need a home loan package? Suncorp has some very competitive package loans, which involve bundling a loan with other financial products. But if you won't use the other products in the package (such as a transaction account or credit card) the package might not be worth it.
Suncorp offers home loan pre-approval, which you can apply for online or by making an appointment with a lending specialist.
Home loan pre-approval is an optional step in the application process that some lenders offer. Pre-approval means a lender has examined your savings, income and spending habits and has a rough idea of how much it could lend you. It's not the same as full loan approval and it's no guarantee that the lender will ultimately approve a full application. But it does allow borrowers to start looking for a home with more confidence and a clearer idea of their borrowing power.
Most Australian borrowers bank with one of the Big Four banks (Commbank, ANZ, Westpac and NAB). You might have some concerns about getting a loan from a smaller lender you've never heard of. But there's no reason to worry just because you've never heard of a lender before.
In Australia, banks and lenders are regulated by the Australian Prudential Regulation Authority (APRA) or the Australian Securities and Investments Commission (ASIC) and must comply with the National Consumer Credit Protection Act.
Suncorp is registered as an authorised deposit-taking institution (ADI) by APRA. This means customers with money deposited in a Suncorp savings account benefit from the deposit guarantee scheme. This federal government scheme guarantees a customer's savings up to $250,000.
Deciding between a fixed or variable rate depends on what you want from the loan. A variable rate loan can change at any time, either up or down. A variable rate usually offers more flexibility in how fast you can repay the loan and the cost of refinancing.
A fixed rate loan offers total certainty about your rate, for the fixed period. This means it won't rise, costing you more. But if your lender starts lowering rates you won't benefit either. Refinancing a fixed rate loan means breaking the loan, because you've agreed to a specific rate. This means you may have to pay a fixed rate break fee.
Mortgage brokers are home loan professionals who can help you find a suitable loan. A broker typically charges you no fee, because they receive a commission from your lender. Brokers are great if you are short on time or find the whole process of researching and applying for a home loan confusing. But you can definitely do it yourself and find a good loan. You may even find a better deal. That's because brokers don't compare loans from every lender in the market. They have access to a panel of loans and often don't have smaller online lenders in their panel.
Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification.
Flexible payment options and a competitive introductory interest rate are features to make you consider the Back to Basics home loan. You can work down the loan with unlimited repayments which can be redrawn if you ever need them.
Suncorp’s portfolio contains variable rate loans, fixed rate loans, line of credit loans and a home loan package. Suncorp home loans also offer features such as access to equity, redraw facilities, competitive interest rates and waived fees. Repayment customisation is another major feature that is available with Suncorp’s line of home loans.
Also once you have decided which type of loan you are interested in you can book an in-person meeting with a lender. This will require you to fill out a form in which you’ll need to specify some personal and financial details. You will enter your preferred method of contact and schedule a meeting with Suncorp. You can even choose between meeting at a branch or having a mobile lender come to you. You will be contacted within a few business days.
Hi, I`m trying to re-finance my investment property worth $620,000 currently owing $310,000 with CBA…I want to borrow $170,000 to consolidate my car loan of $15,000…Credit card with Citibank, $20,000 and $120,000 owing to my brother
You can read our guide about refinancing your home loan to consolidate debts and you can compare a range of loans that are suited for refinancing purposes.
However, please be mindful of any exit fees you may incur with your existing lender as well as application or start-up fees that may be charged by your new lender. It’s also important to realise that while consolidating your debts is convenient, it will take you longer to repay the combined debt.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.
The best loan for you will depend on how you will use your loan and what your goals are.
I would recommend comparing variable rate home loans with offset accounts and ordering the loans based on the interest rate, which you can do by clicking on the table heading. You can then also look at which loans have no annual fees or other costs involved.
Alternatively, you can contact a mortgage broker or the specific lender you had in mind to discuss what they can find as the best for you.
I would like to book a mobile lender from Suncorp to visit me at my home. I currently have all banking with Suncorp & considering seeking pre approval from Suncorp for another home loan.
Regards
Natasha
We’re a comparison service, and do not offer any Suncorp products directly. I’d recommend contacting Suncorp directly to organise a mobile lender to visit you.
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does Suncorp have senior access home loans
Hello Jutta,
Thanks for your question.
Suncorp’s portfolio contains variable rate loans, fixed rate loans, line of credit loans and a home loan package. Suncorp home loans also offer features such as access to equity, redraw facilities, competitive interest rates and waived fees. Repayment customisation is another major feature that is available with Suncorp’s line of home loans.
You may visit this link to compare them https://www.finder.com.au/home-loans/suncorp-bank
Also once you have decided which type of loan you are interested in you can book an in-person meeting with a lender. This will require you to fill out a form in which you’ll need to specify some personal and financial details. You will enter your preferred method of contact and schedule a meeting with Suncorp. You can even choose between meeting at a branch or having a mobile lender come to you. You will be contacted within a few business days.
I hope this helps.
Cheers!
Chester
Hi, I`m trying to re-finance my investment property worth $620,000 currently owing $310,000 with CBA…I want to borrow $170,000 to consolidate my car loan of $15,000…Credit card with Citibank, $20,000 and $120,000 owing to my brother
Hi Malia,
Thanks for your enquiry.
You can read our guide about refinancing your home loan to consolidate debts and you can compare a range of loans that are suited for refinancing purposes.
However, please be mindful of any exit fees you may incur with your existing lender as well as application or start-up fees that may be charged by your new lender. It’s also important to realise that while consolidating your debts is convenient, it will take you longer to repay the combined debt.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.
Thanks,
Belinda
what is your best variable interest rate for home loan over 250000. with offset accounts and no yearly fee?
Hi Ly,
Thank you for reaching out.
The best loan for you will depend on how you will use your loan and what your goals are.
I would recommend comparing variable rate home loans with offset accounts and ordering the loans based on the interest rate, which you can do by clicking on the table heading. You can then also look at which loans have no annual fees or other costs involved.
Alternatively, you can contact a mortgage broker or the specific lender you had in mind to discuss what they can find as the best for you.
Regards,
Jodie
I would like to book a mobile lender from Suncorp to visit me at my home. I currently have all banking with Suncorp & considering seeking pre approval from Suncorp for another home loan.
Regards
Natasha
Hi Natasha,
thanks for the question.
We’re a comparison service, and do not offer any Suncorp products directly. I’d recommend contacting Suncorp directly to organise a mobile lender to visit you.
Cheers,
Marc.