Queensland-based bank with competitive home loan rates. Trusted for insurance and banking under one roof.
Variable Rate from
5.79%
Fixed Rate from
5.89%
Comparison Rate
5.94%
Suncorp is a major Australian financial services group headquartered in Brisbane, Queensland. While many know Suncorp for their insurance brands (AAMI, GIO, Apia), their banking division is a formidable home lender with over $50 billion in home loans under management.
Suncorp operates as an APRA-regulated bank and offers competitive home loan products that frequently undercut the Big 4. Their strength lies in combining competitive home loan rates with the ability to bundle banking, insurance, and superannuation products. For Queensland borrowers in particular, Suncorp's local market knowledge and strong branch network make them a compelling alternative to the majors.
Suncorp's strongest branch network is in Queensland. Local market knowledge, faster property valuations, and accessible in-branch support make them ideal for QLD buyers.
If you already have insurance with AAMI, GIO, or Suncorp Insurance, bundling your home loan can unlock additional discounts and simplify your financial life.
Suncorp offers well-structured construction loans with competitive rates during the build phase. Good for house-and-land packages and knock-down-rebuilds.
Suncorp consistently offers rates below the Big 4 for owner-occupied P&I loans. A strong option for borrowers who want bank security without Big 4 pricing.
A no-frills variable home loan with a sharp rate. Includes redraw but no offset account. Great for borrowers focused purely on the lowest rate.
Rate: 5.79% p.a. (owner-occupied, P&I, LVR <80%)
Full-featured variable with 100% offset, unlimited extra repayments, and rate discount. Bundle with insurance and everyday banking for additional savings.
Annual fee: $375/year (includes rate discount and fee waivers)
Lock in your rate for 1 to 5 years. Available standalone or within the Home Package. Repayment certainty with a trusted bank.
Rate: 5.89% p.a. (2-year fixed, owner-occupied, P&I)
Progress draw facility for building a new home. Interest-only during construction with competitive rates. Available for house-and-land and knock-down-rebuild.
Rate: Variable rate applies during construction phase
100% offset on Home Package products. Reduce the interest on your home loan with every dollar in your linked transaction account.
Package your home insurance (building + contents) with your home loan for potential discounts. One provider for banking and insurance.
Unlimited extra repayments on variable loans. Redraw available via online banking. Get ahead on your mortgage without penalty.
Well-structured construction loan with progress draws. Interest-only during the build phase, converting to P&I on completion.
We'll compare Suncorp against 31 other lenders to ensure you're getting the best deal for your situation.
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