Suncorp Home Loan Life Time $375 Annual Fee Waiver for Property Purchases


Email received from Suncorp below to brokers:

With the popularity of our recent Refinance campaign for Home Package Plus (HPP) lifetime fee waiver, I would like to share a great news with you that Suncorp will now extend HPP lifetime fee waiver offer to Purchasers from Friday 14th May 2021. You shall receive official communication from Suncorp Broker Partnerships later this week. Please find below terms and conditions:

Effective date: Friday, 14th May
Effective Friday, 14th May 2021, the life of loan Home Package Plus Annual Fee Refund Offer will be available for all eligible new lending applications. This includes purchases, refinances and First Home Buyers. That’s a fee saving of $375 per year, or up to $11,250 over 30 years.

To be eligible, the approved loan/s must satisfy the following criteria:
• New Home Package Plus customers, minimum lending of $150,000 (Refinance Offer was previously $250,000).
• Not available for Pre-Approved loans.
• Not available for Internal refinance applications.

Current offers at Suncorp up to 80% lvr

And Suncorp are doing lower rates with pricing through the Suncorp bdm if your balance is over 500k and or low lvr loans.

Owner occupied 2 year fix p&I 1.89% comp rate 2.85%
Owner occupied variable P&I offset product 2.54% comp rate 2.55% as no annual fee
Investment 2 year fix p&I 2.28% comp rate 3.20%
Investment variable offset P&I 2.89% comp rate 3.30%

Suncorp also offers their new fixed rates to existing customers so its one of the few banks if you choose you can stay long term with and still get access to great rates and no annual fee.

Broker Cashback $500 for balances between 250k and 650k net of offset & $1000 cashback for balance over 650k net of offset. Broker rebate paid post settlement normally 2 months post settlement.

You need to know this This offer operates very similar to st george $1 no lmi 85% lvr offer. You submit inside the offer period but the campaign needs to still be running at the time you make the purchase and present the contract to the lender. So if you take this offer i suggest you buy inside of 3 months or i cant guarantee the waiver is still running.

You can book an appointment straight into my calendar -

Kind Regards

Adrian Player | Director

M: 0416643638

E: [email protected]


Adrian Player is a credit representative (498364) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237).

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    Does Suncorp offer multiple offset accounts with this loan?


    Those are some sh*tty rates


      The 2 year fix is one of the best on market and same with the investment 2 year fixed rates. The variable isnt the best unless you are a first home buyer, they have special deals for 5% lvr loans and dont jack the rate up like other banks. Couple that with the annual fee waiver for life and its a much better deal then the other 35 banks on my panel with a very low comp rate. Suncorp also does extra on pricing request as well under the table with the bank bdm.


    I just settled my Suncorp refinance loan in Feb from a previous offer and there was no mention of lifetime waiver of the annual fee, is this something I can get applied to my loan? Did not go via broker, just applied via Suncorp website. It only allowed first year free. It was for variable rate.


      If it was a purchase no. The offer isnt back dated.

      if it was a refinance you would of gotten the refinance cashback bonus and first annual fee waiver.


        It was refinance, and yes thats what we got, but we also had to pay out fees to the other bank for leaving, so.. may prefer this option instead