Loan Asked

Who can borrow money?
How much deposit do I need?

For what purposes can I borrow money?
Will the bank require a property valuation?
How much can I borrow?
What if I'm self-employed?
What about the First Home Owner's Grant?
What sort of Fees or Charges will apply to my home loan?
What is the difference between fixed and variable rates?
What is pre-approval, and how do I get it?
Repayments
How can I make repayments on my loan?
When do my payments start?
How early can I repay my loan?
Can I access advance payments?
Can I pay extra each month?
Can I attach an Offset Account to my loan?
Can I payout my home loan at any time?
What is direct salary crediting and how do I establish it?
Who can borrow money?
Anyone over 18 who can meet repayments can apply for a Suncorp home loan. You don't
have to be an existing customer. We look for someone who is receiving a regular
income and we need to know what your current debts and expenses are.
How much deposit do I need?

The deposit required will depend on the type of transaction and loan facility you
choose. If you are looking at investing or purchasing your own property you can
borrow up to 100% of the purchase price or valuation (whichever is the lesser). If
you are looking at purchasing vacant land you can borrow up to 95% of the purchase
price or valuation (whichever is the lesser).
You can borrow up to 100% of the purchase price for most of our home loans accept
for Asset line products, where you can borrow up to 90% of the purchase price or
valuation (whichever is the lesser).
For Home Loans and Asset Lines, Lenders Mortgage Insurance may be payable if the
loan is more than 80% of the value of the property. This percentage may vary,
depending on the type of home loan. Where Lenders Mortgage Insurance is payable for
Asset Lines, terms and conditions apply.
Our Suncorp Deposit KickStart option enables you to use the equity in the home of a
family member or friend towards the purchase of your new owner occupied home, so
you do not have to pay for Lenders Mortgage Insurance. You may borrow up to 110% of
the purchase price or valuation of your new owner occupied home (whichever is the
lesser). Terms and conditions apply.
If you have limited or no savings and need help with your deposit, consider our No
Deposit Option. You can borrow up to 100% of the purchase price or valuation of the
home you wish to live in, whichever is the lesser (less financed Lenders Mortgage
Insurance). You will need to cover all bank, legal and government fees and charges
associated with the purchase of the property. Exclusions and maximum loan amounts
apply.
First Home Owners may also qualify for the First Home Owners Grant, which can be
used towards Government, legal and bank fees. We can process the First Home Owners
Grant application with the Suncorp Home Loan.
If you intend on borrowing for investment purposes you need to demonstrate 20%
equity in your existing property or deposit.
If you already own a property, you can use equity in that property as a deposit to
purchase another property. Suncorp may hold security over both properties while the
loan is being repaid.
For what purposes can I borrow money?

We will lend you money:
to buy a residential property

to buy a residential investment property
to refinance an existing mortgage
to refinance an existing mortgage and consolidate your other debts
for investment purposes (other than property) where you provide enough equity in
property as security
for a second mortgage over current property where extra money is needed to buy a
residential investment property (In this case, Suncorp will hold a first mortgage
over the new property.)
For any home loan, residential property must be offered as security.
Will the bank require a property valuation?

In most instances, a valuation will be required. We will advise you at the time of
application if a valuation is required.
How much can I borrow?

The minimum amount we would lend for a home loan is $10,000. The maximum loan
amount depends on your borrowing capacity. Our loan calculators can give you an
idea of how much your monthly repayments would be and how long you could take to
repay the debt.
Once you submit your full application, we will assess your financial position and
confirm the loan amount and term you have requested.
What if I'm self-employed?

We have home loans available for customers that are self-employed. Our Low-Doc Loan
products are specifically designed to meet the needs of customers that are self-
employed.
Find out more about our Low Doc Loans.
What about the First Home Owners Grant?

The Government's First Home Owners Scheme has been introduced to offset the impact
of GST and assist first home buyers.
Suncorp can make it easy for you to apply for your $7,000 Grant. We can also
arrange prompt payment, and show you how to best use the money.
Find out more about the First Home Owners Grant, and how you may use it to reduce
the cost of buying your home.
What sort of Fees or Charges will apply to my home loan?
Various bank fees and charges may apply for each of our home loans. The product
information pages for each of our loan products includes fees information.
View a comparison table of all our home loan products.
What is the difference between fixed and variable rates?

A fixed interest rate does not vary for the fixed rate period, so payments remain
constant for this period.
A variable interest rate may vary according to market conditions, and may increase
or decrease at any time. Your loan payments will change accordingly to reflect this
change in interest rate.
What is pre-approval and how do I get it?

Pre-approval is a conditional approval based on your ability to repay a loan. This
means that you can search for a home, knowing how much the bank can lend you. To
apply for pre-approval, see your branch lender, or call us on 13 11 34.
How can I make repayments on my loan?

There are several ways to do this and you can choose the method most convenient for
you. You can:
arrange an automatic regular repayment from a nominated account - weekly,

fortnightly or monthly - depending on which loan you have chosen
transfer money from any other Suncorp transaction or savings account through phone
or internet
make a repayment at any Suncorp branch.
Please note fees apply for some methods of payment see the following link for
details.
When do my payments start?

Generally your repayments will begin one month from the date of settlement of your
loan. For example, if your loan settled on the 2nd March, your first repayment
would be due on the 2nd April.
How early can I repay my loan?

You can pay out your loan as quickly as you like. If it is repaid within the first
4 years, a Deferred Establishment Fee will apply. There is also a fee for
finalising your home loan (currently $250).
If you have a Fixed Rate home loan and want to break the term, an Early Repayment
Adjustment Fee may also apply.
Can I access advance payments?

Yes. Our Cashback1 facility lets you withdraw funds from your home loan that are
above your normal repayments. Making these additional payments means you are paying
off your home loan as soon as possible, but you can draw this excess money at any
time, for example: school and university expenses, a holiday, renovations etc.
This feature is available on Suncorp home loans (except for Fixed Rate Loans). The
minimum withdrawal is $1,000 and you must leave at least one month's repayment in
your loan account.
If you want Cashback from an existing Suncorp home loan, complete and print the
applicable cashback request form and take to your nearest branch, or mail it to us.
1 You need to apply for cashback, which is available subject to conditions.
Can I pay extra each month?

You can pay extra in addition to your regular monthly repayment on our Variable
Rate home loans at any time.
With our Fixed Rate home loans, additional repayments may incur an Early Payment
Interest Adjustment Fee.
Our Back to Basics Home Loan also allows extra regular repayments, but they must be
made using our automatic transfer facility.
Please note: a Deferred Establishment Fee is payable if the loan is paid out within
4 years.
Can I attach a Home Loan Offset Account to my loan?

Yes. The Standard Variable Rate Home Loan comes with the option of a 100% home loan
offset attached to an *Everyday Options savings account. This account can allow you
to use your income and savings to reduce your loan interest. Note: A Mortgage
Offset Fee applies to set up the 100% Home Loan Offset Facility charged to the Loan
Account to be linked.
*The Everyday Options account is issued by Suncorp-Metway Ltd ABN 66 010 831 722.
Please read the relevant Product Disclosure Statement before you make any decisions
regarding any of these products. Contact us for a copy.
Can I pay-out my home loan at any time?

You can pay out your loan as quickly as you like. If it is repaid within the first
4 years, a Deferred Establishment Fee will apply. There is also a fee for
finalising your home loan.
If you have a Fixed Rate home loan and want to break the term, an Early Repayment
Adjustment Fee may also apply.
What is direct salary crediting and how do I establish it?

You can have your salary directly credited into your loan account on a weekly,
fortnightly or monthly basis. This will need to be established through your
employer. Use a loan cashback to access this money as required.

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Loan Asked

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Who can borrow money?

How much deposit do I need?

How much deposit do I need?

For what purposes can I borrow money?

to buy a residential property

For any home loan, residential property must be offered as security.

Will the bank require a property valuation?

How much can I borrow?

What if I'm self-employed?

Find out more about our Low Doc Loans.

What about the First Home Owners Grant?

View a comparison table of all our home loan products.

What is the difference between fixed and variable rates?

What is pre-approval and how do I get it?

How can I make repayments on my loan?

arrange an automatic regular repayment from a nominated account - weekly,

When do my payments start?

How early can I repay my loan?

Can I access advance payments?

1 You need to apply for cashback, which is available subject to conditions.

Can I pay extra each month?

Can I attach a Home Loan Offset Account to my loan?

Can I pay-out my home loan at any time?

What is direct salary crediting and how do I establish it?

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