Suncorp Bank home loan review
Suncorp Bank is an established Australian lender, and Ratesniffers tracks 50 of its home loan products across variable, fixed and interest-only options. Its lowest variable rate Ratesniffers tracks is 6.08% p.a., and its lowest fixed rate is 6.24% p.a. That sits about 11 basis points below the market median of 6.19% p.a., putting it among the more competitive lenders right now.
Is Suncorp Bank a good home loan lender?
Suncorp Bank suits borrowers who will bundle an offset and fee waivers into one package, and who want a Queensland brand now backed by big bank scale. Ratesniffers checked its published product pages on 3 Sept 2026. The trade-off is that most of the fee relief sits inside Home Package Plus, which has its own annual fee.
What we looked at
Ratesniffers ranked and described this lender from the verified rate snapshot on this page, then read the lender's own published product pages and fee documents listed under Sources below. Sources were checked on 3 Sept 2026. There are no scores, no stars and no user reviews here, only what the lender publishes and what the snapshot shows.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
Suncorp Bank home loan interest rates by term
The lowest owner-occupier, principal and interest rate Suncorp Bank has published per term, from the same rate snapshot as the panel above.
| Term | Interest rate | Comparison rate |
|---|---|---|
| Variable | 6.08% p.a. | Not available |
| 1-year fixed | 6.29% p.a. | Not available |
| 2-year fixed | 6.24% p.a. | Not available |
| 3-year fixed | 6.44% p.a. | Not available |
The case for
- Its sharpest variable rate sits below the market median of 6.19% p.a. in the rate snapshot on this page.
- Home Package Plus waives the loan establishment fee, the $10 monthly account keeping fee and the $75 one off mortgage offset fee, for a $375 annual package fee. It requires eligible home loans totalling $150,000 or more, a Suncorp Bank Everyday Options account, and a Standard Variable, Fixed Rate or Access Equity facility.
- The Back to Basics variable loan publishes no monthly account keeping fee, no ongoing annual fee, and no loan establishment fee on new lending of $150,000 or more.
- Unlimited extra repayments with a redraw option are published on the Back to Basics variable loan.
- A 100% offset facility can be set up on the Standard Variable Rate home loan by running a linked Everyday Options account in offset mode, and sub account balances count toward the offset.
- Suncorp Bank is currently advertising no annual package fee for the life of the loan on an eligible new home loan package of $150,000 or more.
What to weigh up
- Outside Home Package Plus the establishment fee is $600 under 90% of property value and $990 at 90% or above, and a $350 loan finalisation fee applies on discharge, refinance or payout.
- Home Package Plus requires eligible home loans totalling $150,000 or more plus a Suncorp Bank Everyday Options account, and the Back to Basics loan cannot be included in a package at all.
- The offset facility is published on the Standard Variable Rate loan only, not on Back to Basics or Fixed Rate loans.
- A $75 one off mortgage offset fee applies unless it is waived under Home Package Plus, and a $300 renegotiation fee applies to changes.
- Suncorp Bank states that as part of the ANZ group it may need to vary the terms of a Suncorp Bank product to match a similar ANZ product.
Who Suncorp Bank suits and who it does not
Suncorp Bank tends to suit borrowers with at least $150,000 of lending who will hold an Everyday Options account and use the offset, because Home Package Plus is what turns off the establishment, account keeping and offset fees. It suits less well for a small standalone loan, for anyone who wants an offset on a basic or fixed rate product, since Suncorp publishes the offset on its Standard Variable loan only, and for anyone unwilling to hold the linked transaction account.
Suncorp Bank home loans: our verdict
Suncorp Bank is a credible choice whose lowest variable rate of 6.08% p.a. currently sits about 11 basis points below the market median, which is competitive today (last updated 23 Sept 2026). Whether it's right for you comes down to your deposit, the features you'll use, and how its real approved rate compares, so treat the headline as a starting point, not the final answer.
Sources checked 3 Sept 2026: Suncorp Bank, Home Package Plus; Suncorp Bank, Back to Basics Variable Rate Home Loan; Suncorp Bank, Home loan comparison; Suncorp Bank, Lending fees and charges; Suncorp Bank, Offset; Suncorp Bank, Who we are. Fees and product terms change, so confirm them with Suncorp Bank before applying.
See if you can do better than Suncorp Bank
The advertised rate isn't always the rate you'll be approved for. Compare Suncorp Bank against the wider panel, or have your scenario negotiated, at no cost.