Back to Basics Variable Special Offer Back to Basics Variable Special Offer LVR <90% (Principal & Interest) (Owner Occupied)

  • 3.68%
    p.a Basic Variable
  • 3.68%
    p.a Comparison**
  • $0
    Upfront fees
  • $0
    Annual fees
  • 90%
    Max LVR
  • $1,786
    Per Month*

About Suncorp Bank

Suncorp Group includes leading general insurance, banking, life insurance and superannuation brands in Australia and New Zealand. The Group has 15,000 employees and relationships with nine million customers. We are a Top 20 ASX-listed company with $96 billion in assets. Suncorp has five core businesses include personal insurance, commercial insurance, Vero New Zealand, Suncorp Bank and Suncorp Life. These are supported by corporate and shared services divisions.

Basic Variable

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*
rate per annum

Loan to Value Ratio

Borrow up to the maxium of 90% of the value of the property.

Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.

However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.

Capitalise LMI


For Construction, Equity, Owner Occupied, and Vacant Land in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.

8 - 30 years


The level of financial documentaion and credit history required to apply for the loan.

Full Doc
Credit History
Genuine Saving

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Min Redraw
Redraw fee

Banking Features

Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.

Some features you may wish to consider include:

  • an offset account;
  • ability to make extra repayments;
  • a redraw facility; and
  • linked credit card and savings accounts;
  • ability to split your loan between fixed and variable interest rates
Offset Account
Redraw Available
Internet Banking
Telephone Banking
Credit Card
BPay Option
Portability of Loan
Professional Pack
Check Account
Direct Salary Credit
Free Transactions
Minimum Redraw
Redraw Fee


You can make your repayments Fortnightly, Monthly, and Weekly.

Interest Only Option
Max Interest Only
5 years

Upfront Fees

Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.


Ongoing Fees

Monthly and annual fees and charges during the loan period.


Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


Special Offer From Tuesday 12 September - Additional discount on HPP Variable interest rate - Additional discount on Back to Basics interest rates - Additional discount on HPP 5 Year Fixed interest rate Conditions: - New lending >=$150,000 - Interest Only repayments will be considered for construction loans only, in conjunction with this offer - Maximum LVR 90% inclusive of LMI - Pre-approvals excluded Back to Basics discounts apply to complete applications for new loans of $150,000 and above. Discounts are subject to change without notice and may be withdrawn at any time before a credit contract is entered into. New loans only, pre-approvals excluded. Customers will be required to open an Everyday Basics transaction account as part of the home loan application where they do not already hold a Bank transaction account. An easy to manage home loan with a low variable rate and no monthly fees. For customers seeking to take advantage of a low rate without locking into a set term. Key Benefits: - No monthly account keeping fee - Unlimited additional repayments - Redraw facility. Manual and Online Redraw Facility available. First online redraw per month at no cost to customer. Minimum withdrawal $1,000. - Flexible repayment frequency The Back to Basics offer is limited to investment lending only. Not available for Business Purposes. New lending only; minimum new-to-bank lending of $150,000. Existing lending excluded. Pre-approvals excluded. Only for full applications (no outstanding Actual Documentation Requirements) Loan Term: Personal Purpose – 8 to 30 Years. Investment Purpose – 1 to 30 Years. Unlimited additional repayments allowed. 5 years interest only (paid monthly in arrears) for owner-occupiers and investors (is to convert to principal and interest at expiry of interest only period). PLEASE NOTE: Suncorp Bank will require evidence of property insurance to be provided prior to funding, for collateral offered as security for Retail and Small Business loan applications where the total combined exposure (TCE) is equal to or greater than $750K. The policy applies where customers TCE $750K or more, Suncorp Bank recommends to provide written evidence of property insurance to be provided for all Retail and Small Business Loans prior to settlement booking where residential property (new or existing) is offered or held as security. For more information visit the Business Partners website or contact your Suncorp Bank BDM. Up to 90% max LVR for vacant land pending on the postcode. Max loan term for vacant land is 25 Years. For House and Land Suncorp will consider 95% max LVR on both land and construction.

LVR Notes

LMI payable above 80%. Up to 90% LVR inclusive of LMI. Up to 90% max LVR for vacant land pending on the postcode. Max loan term for vacant land is 25 Years. For House and Land Suncorp will consider 95% max LVR on both land and construction.


Where LVR greater than 90%, 5% genuine savings is required. Where LVR less than 90%, applicant contribution can include: Genuine savings; and/or Non-genuine savings; and/or Collateral. Acceptable Genuine Savings includes: Accumulated savings in an account; Sale proceeds from assets; Non-preserved superannuation contributions; Redrawable loan repayments; Gifts/inheritances/bequests. Acceptable Non-Genuine Savings includes: FHOG; Residential mortgage secured funding from another financier. Unacceptable applicant contributions include: Advances on wages/income; Barter card, trade dollars, or similar arrangements; Incentives such as builder or vendor discounts, rebates vendor finance, rental discounts/refunds, etc.; Loans from third parties; Unsecured loans from any source.

Fee Notes

$220 Fee applies for additional valuations. Excess Cheque Fee: $8. Guarantor Fee of $200 applies if a guarantor is included in the loan or Further Advance. Fee is per guarantor. $600 establishment fee waived.

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided