Suncorp Bank Personal Purpose Back to Basics | Review & Compare Home Loans

Summary
Features & fees
Similar

Advertised Rate

4.40%

Variable

Comparison Rate*

4.47%

Maximum LVR

95%

Real Time Rating™

Monthly Repayment

$1,502

based on $300,000 loan amount for 25 years

Pros and Cons

Pros

No ongoing fees
Suitable for low deposits
Parents can sign as guarantor
Extra repayments + redraw services

Cons

Discharge fee at end of loan
Repayments may increase if RBA raises rates

Suncorp Bank Fees and Features

Maximum LVR 95%	Interest rate structure Variable
Borrowing range $10k - $100m Calculate how much you can borrow	Total Repayments $540,720 View repayment schedule »
Principal & interest	Interest only
Loan term range 8 - 30 years	Offset account No
Extra repayments Unlimited extra repayments	Redraw facility Redraw fee: $20
Allows split interest	Suitable For Owner Occupiers
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA	Make Repayments Fortnightly, Monthly, Weekly
Total estimated upfront fees $600	Application fee $600
Settlement fee $0	Valuation fee $0
Legal fee $0	Other upfront fee $0
Ongoing fee $0	Discharge fee $350
Property Type	SMSF Trustee
Minimum SMSF Amount

Specials

Cashback Refinance and get up to $3,000 cash bonus with an eligible Suncorp Bank Home Loan.
Get $2,000 cash back for refinanced loans $250k - $749k. Get $3,000 for refinanced loans over $750k. Excludes Suncorp Loans. Apply by 10/07/2020, settle by 10/11/2020. Further T&C’s & eligibility apply.

Other Restrictions

loans >150k have $600 application fee

Compare and review home loans with similar features

Lower Rate

Super Saver (Principal and Interest) (LVR < 80%)

Real Time Rating™

Advertised Rate

Comparison Rate*

2.19%

Variable

2.19%

special

Limited time offer - Must be approved by 31 July 2020 to get this rate

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More Flexibility

Live-in Variable Loan (Principal and Interest)

Real Time Rating™

Advertised Rate

Comparison Rate*

2.39%

Variable

2.40%

No upfront or ongoing fees
Extra repayments + redraw services
Free redraw facility
Repayments may decrease if RBA cuts rates

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Major Banks

Simplicity PLUS Home Loan (Interest Only) (New Customer)

Real Time Rating™

Advertised Rate

Comparison Rate*

3.38%

Variable

3.17%

No ongoing fees
Parents can sign as guarantor
Extra repayments + redraw services
Free redraw facility

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Generic

Star Essentials Home Loan (Amounts $150k-$850k, LVR < 80%)

Real Time Rating™

Advertised Rate

Comparison Rate*

2.39%

Variable

2.39%

special

End of Financial Year Special - No Upfront fees

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Suncorp Bank was founded in 1902 as the Queensland Agricultural Bank. It is now the fifth largest bank in Australia.

The bank has headquarters in Brisbane with branches throughout the country. Suncorp offers a range of financial products and services, including personal and home loans, credits cards, savings accounts, commercial and agribusiness banking as well as financial planning and investment services.

Suncorp Bank has won a number of awards and was named Money magazine’s Bank of the Year in 2015, the first non-major bank to win the award.

Suncorp Bank Home Loan Calculator
Interested in an Suncorp Bank home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Suncorp Bank compares to its competitors. Simply plug in your borrowing amount below.

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