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 July 31, 2024 Effective December 31, 2018
General Lending Rates
Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information
Interest Rate 6.13% PA
Comparison Rate 6.14%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 <60%
Total Mortgage Lending (TML)
Minimum: $150000.00 Maximum: $3750000.00
Lending Rate Type: Variable
Interest Rate: 6.73%, Comparison Rate 6.39%
Repayment Type: Interest Only
Loan Purpose: Owner Occupied
LVR 60.01 to 70%
Minimum: 60.01 PERCENT Maximum: 70 PERCENT
Total Mortgage Lending (TML)
Minimum: $150000.00 Maximum: $3750000.00
Lending Rate Type: Variable
Interest Rate: 6.14%, Comparison Rate 6.15%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
LVR 60.01 to 70%
Minimum: 60.01 PERCENT Maximum: 70 PERCENT
Total Mortgage Lending (TML)
Minimum: $150000.00 Maximum: $3750000.00
Lending Rate Type: Variable
Interest Rate: 6.74%, Comparison Rate 6.40%
Repayment Type: Interest Only
Loan Purpose: Owner Occupied
LVR 70.01% - 80.00%
Minimum: 70.01 PERCENT Maximum: 80 PERCENT
Total Mortgage Lending (TML)
Minimum: $150000.00 Maximum: $3750000.00
Lending Rate Type: Variable
Interest Rate: 6.14%, Comparison Rate 6.15%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
LVR 70.01% - 80.00%
Minimum: 70.01 PERCENT Maximum: 80 PERCENT
Total Mortgage Lending (TML)
Minimum: $150000.00 Maximum: $3750000.00
Lending Rate Type: Variable
Interest Rate: 6.84%, Comparison Rate 6.44%
Repayment Type: Interest Only
Loan Purpose: Owner Occupied
LVR 80.01% - 90.00%
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
Total Mortgage Lending (TML)
Minimum: $150000.00 Maximum: $3750000.00
Lending Rate Type: Variable
Interest Rate: 6.39%, Comparison Rate 6.40%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
LVR 80.01% - 90.00%
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
Total Mortgage Lending (TML)
Minimum: $150000.00 Maximum: $3750000.00
Lending Rate Type: Variable
Interest Rate: 7.34%, Comparison Rate 6.81%
Repayment Type: Interest Only
Loan Purpose: Owner Occupied
LVR 90.01% - 95.00%
Minimum: 90.01 PERCENT Maximum: 95 PERCENT
Total Mortgage Lending (TML)
Minimum: $150000.00 Maximum: $3750000.00
Lending Rate Type: Variable
Interest Rate: 7.34%, Comparison Rate 7.34%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
LVR <60%
Total Mortgage Lending (TML)
Minimum: $150000.00 Maximum: $3750000.00
Lending Rate Type: Variable
Interest Rate: 6.43%, Comparison Rate 6.44%
Repayment Type: Principal And Interest
Loan Purpose: Investment
LVR <60%
Total Mortgage Lending (TML)
Minimum: $150000.00 Maximum: $3750000.00
Lending Rate Type: Variable
Interest Rate: 6.64%, Comparison Rate 6.52%
Repayment Type: Interest Only
Loan Purpose: Investment
LVR 60.01 to 70%
Minimum: 60.01 PERCENT Maximum: 70 PERCENT
Total Mortgage Lending (TML)
Minimum: $150000.00 Maximum: $3750000.00
Lending Rate Type: Variable
Interest Rate: 6.44%, Comparison Rate 6.45%
Repayment Type: Principal And Interest
Loan Purpose: Investment
LVR 60.01 to 70%
Minimum: 60.01 PERCENT Maximum: 70 PERCENT
Total Mortgage Lending (TML)
Minimum: $150000.00 Maximum: $3750000.00
Lending Rate Type: Variable
Interest Rate: 6.64%, Comparison Rate 6.53%
Repayment Type: Interest Only
Loan Purpose: Investment
LVR 70.01% - 80.00%
Minimum: 70.01 PERCENT Maximum: 80 PERCENT
Total Mortgage Lending (TML)
Minimum: $150000.00 Maximum: $3750000.00
Lending Rate Type: Variable
Interest Rate: 6.44%, Comparison Rate 6.45%
Repayment Type: Principal And Interest
Loan Purpose: Investment
LVR 70.01% - 80.00%
Minimum: 70.01 PERCENT Maximum: 80 PERCENT
Total Mortgage Lending (TML)
Minimum: $150000.00 Maximum: $3750000.00
Lending Rate Type: Variable
Interest Rate: 6.69%, Comparison Rate 6.55%
Repayment Type: Interest Only
Loan Purpose: Investment
LVR 80.01% - 90.00%
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
Total Mortgage Lending (TML)
Minimum: $150000.00 Maximum: $3750000.00
Lending Rate Type: Variable
Interest Rate: 6.94%, Comparison Rate 6.94%
Repayment Type: Principal And Interest
Loan Purpose: Investment
LVR 80.01% - 90.00%
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
Total Mortgage Lending (TML)
Minimum: $150000.00 Maximum: $3750000.00
Lending Rate Type: Variable
Interest Rate: 7.04%, Comparison Rate 6.99%
Repayment Type: Interest Only
Loan Purpose: Investment
Product Features
OtherAdditional Information: No monthly account keeping fee
OtherAdditional Information: No ongoing annual fee
OtherAdditional Information: Loan Establishment Fee is waivered for loans over $150,000
RedrawAdditional Information: Redraw additional repayments as cashback, with no cashback fee and unlimited withdrawals
OtherAdditional Information: A discounted interest rate when you combine new lending over $150,000 with an Everyday Options bank account
OtherAdditional Information: The choice of Interest Only repayments for a maximum period of five years and subject to you satisfying applicable bank criteria
OtherAdditional 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
OtherAdditional Information: Phone Banking
OtherAdditional Information: Ability to set up automated repayments
Product Eligibility
OtherAdditional Information: New or additional lending of $150,000 + and borrowers must hold a Suncorp Bank transaction account (or one will be opened for them)
OtherAdditional 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 Bank branch.
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 Limit of 150000.00 Additional Information: Minimum Loan Balance of $150,000
Max Limit of 3750000.00 Additional Information: Maximum Loan Balance of $3,750,000
