Suncorp Bank Home Loans & Rates Comparison

RATE OF THE DAY

Variable

5.83%

Comparison Rate*

5.84%

Could you be saving money on your mortgage?

Suncorp Bank's best home loan rates

Compare some of Suncorp Bank's best variable and fixed home loan rates for owner occupiers and investors.

Lender

Variable

1-Year Fixed

2-Year Fixed

3-Year Fixed

4-Year Fixed

5-Year Fixed

5.83%

Interest Rate

5.84%

Comparison Rate

6.14%

Interest Rate

6.34%

Comparison Rate

6.14%

Interest Rate

6.36%

Comparison Rate

6.24%

Interest Rate

6.40%

Comparison Rate

Interest Rate

Comparison Rate

6.34%

Interest Rate

6.49%

Comparison Rate

Owner occupier loans with principal and interest repayments. Rates assume 60% LVR.

Lender

Variable

1-Year Fixed

2-Year Fixed

3-Year Fixed

4-Year Fixed

5-Year Fixed

5.99%

Interest Rate

6.00%

Comparison Rate

6.29%

Interest Rate

6.45%

Comparison Rate

6.24%

Interest Rate

6.46%

Comparison Rate

6.44%

Interest Rate

6.53%

Comparison Rate

Interest Rate

Comparison Rate

6.34%

Interest Rate

6.49%

Comparison Rate

Investment loans with principal and interest repayments. Rates assume 60% LVR.

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.

Product	Interest rate	Comparison rate*	Max LVR
Home Loan	5.83% p.a.	5.84% p.a.	60%
Home Loan	5.84% p.a.	5.85% p.a.	70%
Home Loan	5.88% p.a.	5.89% p.a.	80%
Home Loan	6.14% p.a.	6.15% p.a.	90%
Home Loan	7.09% p.a.	7.09% p.a.	95%

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).

Product	Interest rate	Comparison rate*	Max LVR
Home Loan	5.88% p.a.	6.24% p.a.	60%
Home Loan	5.93% p.a.	6.29% p.a.	70%
Home Loan	5.97% p.a.	6.33% p.a.	80%
Home Loan	6.31% p.a.	6.66% p.a.	90%

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

Product	Interest rate	Comparison rate*	Max LVR
Home Loan	6.49% p.a.	6.84% p.a.	95%

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

Product	Interest rate	Comparison rate*	Max LVR
Home Loan - 1 Year Fixed	6.14% p.a.	6.34% p.a.	80%
Home Loan - 1 Year Fixed	6.14% p.a.	6.64% p.a.	90%
Home Loan - 2 Year Fixed	6.14% p.a.	6.36% p.a.	80%
Home Loan - 2 Year Fixed	6.34% p.a.	6.67% p.a.	90%
Home Loan - 3 Year Fixed	6.24% p.a.	6.40% p.a.	80%
Home Loan - 3 Year Fixed	6.44% p.a.	6.70% p.a.	90%
Home Loan - 5 Year Fixed	6.34% p.a.	6.49% p.a.	80%
Home Loan - 5 Year Fixed	6.54% p.a.	6.76% p.a.	95%

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

Product	Interest rate	Comparison rate*	Max LVR
Home Loan - 5 Year Fixed	6.34% p.a.	6.77% p.a.	95%

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

Product	Interest rate	Comparison rate*	Max LVR
Home Loan	5.99% p.a.	6.00% p.a.	60%
Home Loan	6.00% p.a.	6.01% p.a.	70%
Home Loan	6.01% p.a.	6.02% p.a.	80%
Home Loan	6.59% p.a.	6.59% p.a.	90%

Standard Variable Rate Home Loan for investors

Product	Interest rate	Comparison rate*	Max LVR
Home Loan	6.04% p.a.	6.39% p.a.	60%
Home Loan	6.06% p.a.	6.41% p.a.	70%
Home Loan	6.07% p.a.	6.42% p.a.	80%
Home Loan	6.66% p.a.	7.01% p.a.	90%

Suncorp Bank’s fixed investment home loan rates

Fixed Rate Home Loan for investors

Product	Interest rate	Comparison rate*	Max LVR
Home Loan - 1 Year Fixed	6.29% p.a.	6.45% p.a.	80%
Home Loan - 1 Year Fixed	6.29% p.a.	6.97% p.a.	90%
Home Loan - 2 Year Fixed	6.24% p.a.	6.46% p.a.	80%
Home Loan - 2 Year Fixed	6.44% p.a.	6.96% p.a.	90%
Home Loan - 3 Year Fixed	6.44% p.a.	6.53% p.a.	80%
Home Loan - 3 Year Fixed	6.64% p.a.	7.00% p.a.	90%
Home Loan - 5 Year Fixed	6.34% p.a.	6.49% p.a.	80%
Home Loan - 5 Year Fixed	6.54% p.a.	6.76% p.a.	95%

Suncorp Bank’s variable interest-only home loan rates for owner occupier

Back to Basics Home Loan - interest-only

Product	Interest rate	Comparison rate*	Max LVR
Home Loan - 1 Year Fixed	6.69% p.a.	8.87% p.a.	90%
Home Loan - 2 Year Fixed	6.69% p.a.	8.63% p.a.	90%
Home Loan - 3 Year Fixed	6.79% p.a.	8.46% p.a.	90%
Home Loan - 5 Year Fixed	6.79% p.a.	8.14% p.a.	90%

Standard Variable Rate Home Loan - interest-only

Product	Interest rate	Comparison rate*	Max LVR
Home Loan	6.31% p.a.	6.39% p.a.	60%
Home Loan	6.31% p.a.	6.42% p.a.	70%
Home Loan	6.41% p.a.	6.49% p.a.	80%

Suncorp Bank’s fixed interest-only home loan rates for owner occupiers

Product	Interest rate	Comparison rate*	Max LVR
Home Loan - 1 Year Fixed	6.69% p.a.	8.87% p.a.	90%
Home Loan - 2 Year Fixed	6.69% p.a.	8.63% p.a.	90%
Home Loan - 3 Year Fixed	6.79% p.a.	8.46% p.a.	90%
Home Loan - 5 Year Fixed	6.79% p.a.	8.14% p.a.	90%

Suncorp Bank’s variable interest-only home loan rates for investors

Back to Basics Home Loan - investment (interest-only)

Product	Interest rate	Comparison rate*	Max LVR
Home Loan	6.15% p.a.	6.06% p.a.	60%
Home Loan	6.15% p.a.	6.07% p.a.	70%
Home Loan	6.15% p.a.	6.07% p.a.	80%
Home Loan	6.59% p.a.	6.59% p.a.	90%

Standard Variable Home Loan - investment (interest-only)

Product	Interest rate	Comparison rate*	Max LVR
Home Loan	6.23% p.a.	6.45% p.a.	60%
Home Loan	6.23% p.a.	6.46% p.a.	70%
Home Loan	6.23% p.a.	6.47% p.a.	80%
Home Loan	6.69% p.a.	7.00% p.a.	90%

Suncorp Bank’s fixed interest-only home loan rates for investors

Fixed Basic Home Loan - investment (interest-only)

Product	Interest rate	Comparison rate*	Max LVR
Home Loan - 1 Year Fixed	6.44% p.a.	6.46% p.a.	80%
Home Loan - 1 Year Fixed	6.44% p.a.	6.98% p.a.	90%
Home Loan - 2 Year Fixed	6.54% p.a.	6.50% p.a.	80%
Home Loan - 2 Year Fixed	6.74% p.a.	7.01% p.a.	90%
Home Loan - 3 Year Fixed	6.64% p.a.	6.57% p.a.	80%
Home Loan - 3 Year Fixed	6.84% p.a.	7.04% p.a.	90%
Home Loan - 5 Year Fixed	6.64% p.a.	6.64% p.a.	80%
Home Loan - 5 Year Fixed	6.84% p.a.	7.06% p.a.	90%

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 the other major 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.

Suncorp Bank home loan FAQs

Should I get my home loan from Suncorp Bank?

Suncorp Bank is one of Australia’s top ten biggest mortgage lenders, which enables it to have the capacity for direct customer support and offer a variety of home loan options with incentives. Suncorp Bank is also supported by major home loan lender and big four bank, ANZ, who acquired their banking services in 2024.

It has an extensive chain of retail branches which makes accessing face-to-face assistance and personable advice easy for borrowers.

While their home loan selections are very similar to other lenders, their current incentives under the Home Package Plus are fairly unique. Borrowers that link an Everyday Options account can gain a discounted interest rate and have some of their fees waived on certain loans. Of course, the value of these benefits will depend on your particular situation and needs, as it may be more useful to have lower rates or be able to have certain additional features.

Is Suncorp Bank increasing its home loan rates in 2026?

Yes, Suncorp Bank has already increased its home loan rates in 2026 alongside most lenders, to align with the Reserve Bank of Australia’s (RBA) cash rate hikes. More interest rate rises are possible, with the cash rate predicted to grow higher by the end of the year.

If you haven’t compared your rate recently, it’s worthwhile checking to see if there’s a better price elsewhere.

What’s the best Suncorp Bank home loan?

There’s not one specific Suncorp home loan that is best for all borrowers, so it’s important to choose based on which features suit your needs. Your perfect loan should provide the most benefit at the lowest cost.

Each of Suncorp Bank’s loans offer different benefits that could potentially work well in minimising cost. The Fixed Rate Home Loan can give stability during times of high inflation so borrowers know their interest rates won’t increase. The Back to Basics loan has no ongoing fees, and the Standard Variable Home Loan allows borrowers to add an offset account to reduce interest payments.

What are the fees on Suncorp Bank’s home loans?

The amount of fees that are applicable to Suncorp Bank’s home loans depend on which loan you’re after. They all feature the loan establishment fee which is $600 for loans with an LVR band up to 90%, and $990 for loans on a LVR band of 90% or higher.

Both the Fixed Rate and Standard Variable home loans have a $10 monthly account keeping fee, which isn’t required for the Back to Basics loan. The Standard Variable home loan also has a one-off mortgage offset fee for $75.

However, most of the above fees can be waived if borrowers link an Everyday Options Account as part of the Home Package Plus special that is currently being offered by Suncorp.

Some of the other fees to consider include the rate lock fee for the fixed rate home loan which is the higher of $600 or 0.15% of the amount borrowed. As well as a $200 guarantor fee, $300 renegotiation fee, and $350 loan finalisation fee.

Does Suncorp Bank offer home loans as part of the Home Guarantee Scheme?

No, Suncorp Bank isn’t part of the Australian Government’s 5% Deposit Scheme. It’s worthwhile checking the government’s first home buyers website for suitable lenders if you are wanting to take advantage of this initiative.

However, Suncorp does have specialised loans for first time buyers, as well as grants to help cover costs like stamp duty, the specifics of which vary state to state.

Can I get an offset account on a Suncorp Bank home loan?

Yes, you can get an offset account with a Suncorp Bank Home Loan, but only on particular products. Specifically, the Standard Variable Rate Home Loan allows borrowers to link an offset in order to save on interest.