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Example Interest Rates: Home Loan Variable: 1.89% (1.9%*) • Home Loan Fixed: 1.84% (2.11%*) • Fixed: 1.84% (2.11%*) • Variable: 1.89% (1.9%*) • Investment IO: 2.05% (4.36%*) • Investment PI: 1.58% (2.72%*)

  Back to Basics Variable Rate Better Together Special Offer

Better Together Special Offer - Save when you combine new or additional lending > $150,000, your Back to Basics Variable Home Loan and transaction account
Category: Home Loans  Last Updated March 24, 2022  Effective December 31, 2018

 General Lending Rates

Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information
Interest Rate
2.02% PA
Comparison Rate
2.03%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
  LVR < 70%
Minimum: 1 PERCENT Maximum: 70 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.59%, Comparison Rate 2.24%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  LVR 70.1 to 80%
Minimum: 70.1 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.12%, Comparison Rate 2.13%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  LVR < 80%
Minimum: 1 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.59%, Comparison Rate 2.3%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  LVR 80.1 to 90%
Minimum: 80.1 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.29%, Comparison Rate 2.3%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  LVR 80.1 to 90%
Minimum: 80.1 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.94%, Comparison Rate 2.54%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  LVR 90.1 to 95%
Minimum: 90.1 PERCENT Maximum: 95 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 3.09%, Comparison Rate 3.1%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  LVR < 70%
Minimum: 1 PERCENT Maximum: 70 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.25%, Comparison Rate 2.26%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  LVR < 70%
Minimum: 1 PERCENT Maximum: 70 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.59%, Comparison Rate 2.38%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR 70.1 to 80%
Minimum: 70.1 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.28%, Comparison Rate 2.29%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  LVR 70.1 to 80%
Minimum: 70.1 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.64%, Comparison Rate 2.42%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR 80.1 to 90%
Minimum: 80.1 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.64%, Comparison Rate 2.65%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  LVR 80.1 to 90%
Minimum: 80.1 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.74%, Comparison Rate 2.69%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment

 Product Features

  • Other Additional Information: No monthly account keeping fee
  • Other Additional Information: No ongoing annual fee
  • Other Additional Information: Loan Establishment Fee is waivered for loans over $150,000
  • Other Additional Information: Unlimited additional repayments
  • Redraw Additional Information: Redraw additional repayments as cashback, with no cashback fee and unlimited withdrawals
  • Other Additional Information: A discounted interest rate when you combine new lending over $150,000 with an Everyday Options bank account
  • Other Additional Information: Discount of up to 20% off your first years premium on new Suncorp Home, Landlord and/or Contents Insurance
  • Other Additional Information: The choice of Interest Only repayments for a maximum period of five years and subject to you satisfying applicable bank criteria
  • Other Additional Information: Ability to add additional funds. An additional Loan is available (subject to satisfying our credit requirements) and fees and conditions may also apply
  • Digital Banking
  • Other Additional Information: Phone Banking
  • Other Additional Information: Ability to set up automated repayments

 Product Eligibility

  • Other Additional Information: New or additional lending of $150,000 + and borrowers must hold a Suncorp transaction account (or one will be opened for them)
  • Other Additional Information: Home Loans provided to approved applicants only. Credit and lending criteria applies and is subject to change without notice

 Bank Fees and Charges

  • Staff Assisted Home Loan Repayment Fee (Event), Amount: 5.00. Additional Information: The fee will apply for transfers made to a Back to Basics Variable Home Loan at a Suncorp Store.
  • Excess Cheque Fee (Event), Amount: 8.00. Additional Information: You can request 4 bank cheques for free. An extra 5 free bank cheques are available for progress payments on construction loans. After you have used the free cheques, a fee is payable for each bank cheque requested.
  • Arrears Administration Fee (Event), Amount: 20.00. Additional Information: The bank at its discretion will charge either an Arrears Administration Fee or Default Interest if an event of default in payment occurs.
  • Copy Of Documents Fee (Event), Amount: 35.00. Additional Information: Payable if we are required to obtain a copy of a document, including Mortgage or title search.
  • Additional Valuation Fee (Event), Amount: 150.00. Additional Information: The first valuation assessment for each loan application is provided by the Bank. If any additional valuation assessments that involve a physical inspection are obtained by us for assessing the loan security, than this fee will apply.
  • Guarantor Fee (Event), Amount: 200.00. Additional Information: Applies if a guarantor is included in the loan. Fee is per guarantor.
  • Progressive Funding Fee (Event), Amount: 300.00. Additional Information: Applies at loan settlement or first draw (at the Bank's discretion) for any part of the loan provided for construction purposes.
  • Renegotiation Fee (Event), Amount: 300.00. Additional Information: Payable when you request a change to the Credit Contract or Security and this change is completed.
  • Loan Finalisation Fee (Event), Amount: 350.00. Additional Information: Applies when a loan is paid out in full, This includes settlements, refinances and payouts.
  • Default Interest (Event), Amount: Not Listed.. Additional Information: The bank at its discretion will charge either an Arrears Administration Fee or Default Interest if an event of default in payment occurs.
  • Establishment Fee (Upfront), Amount: 600.00. Additional Information: Applies to loans where borrowings are less than 90% of the property value, waived for loans greater than $150,000
  • Establishment Fee (Upfront), Amount: 990.00. Additional Information: Applies to loans where borrowings are greater than or equal to 90% of the property value, waived for loans over $150,000

 Limitations & Restrictions (Constraints)

  • Min Balance of 10000 Additional Information: Minimum Loan Balance of $10,000
  • Max Balance of 3250000 Additional Information: Maximum Loan Balance of $3,250,000

 Document Downloads

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