Suncorp $3,000 Solar Bonus for New Home Loan Customers (Min Loan $500,000) Only - Solar Must Be Installed & Evidence Supplied


Its been extended to April 29 2022 - Brokers have an email confirmation from Suncorp

You can book an appointment straight into my calendar -

Suncorp Solar email

Solar Home Bonus rewards customers for creating a brighter future
We’re rewarding customers who have solar panels installed as part of our commitment to sustainability and supporting customers with initiatives to reduce their environmental impact.

In a first for the Australian market, new and existing Suncorp Bank home loan customers who have a solar power system or will have one installed in their homes by 31 December 2021, may be eligible to receive a cash bonus.

New customers can receive a $3000 bonus where solar panels are installed on their home or townhouse when they take out a loan of at least $500,000.

For existing eligible customers with no new lending, the bonus also provides a $500 reward with solar panels installed on their house or townhouse.

Solar Home Bonus eligibility for new customers:
• Application received by the closing date 31 December 2021 and settle by 31 March 2022.
• New home lending of at least $500,000;
• Investment and owner-occupied loans;
• Principal & interest or interest only repayments;
• Maximum LVR 90% (including Lenders Mortgage Insurance where applicable);
• All home loan products: Home Package Plus Standard Variable, Fixed Rate and Back to Basics Variable;
• A Suncorp Bank transaction account is held in the name of the borrower/s;
• The security property is either a detached house or townhouse; and
• Has an eligible solar power system installed at the security property and acceptable evidence is provided.

Important notes
• The Solar Home Bonus can’t be used in conjunction with the $3000 refinance offer.
• Excludes refinance of existing Suncorp Bank loans or loan pre-approvals. Further Terms and Conditions and eligibility criteria apply. To approved applicants only.
• More information can be found in the Solar Home Bonus Broker FAQs.

Evidence documents that can be used to verify installation of a solar system include:
o Electricity bill showing the feed-in solar credit & property address
o Solar Certificate with property address
o 7+ Star NatHERS Certificate
o Valuation report that indicates solar installation
o Real Estate listing that notes installation of solar system
o Paid solar installation invoice/receipt

How to apply
For new customers
To apply, brokers must include clear notes in the submission that the customer is eligible for the Solar Homes Bonus and upload acceptable evidence in ApplyOnline.

Interest rates

Owner occupied 80% lvr - 2.02% variable p&i + redraw comp rate 2.03% - no annual fee
Owner occupied 80% lvr - 2.38% variable p&i + offset comp rate 2.38% - can be reduced by a pricing request - no annual fee for life saving 375 annually
Owner occupied 80% lvr - 2.33% 2 year fix p&I comp rate 2.37% - pricing request may reduce + no annual fee for life saving 375 annually
Investment 80% lvr - 2.57% variable p&i + redraw comp rate 2.57% - no annual fee
Investment 80% lvr - 2 year fix p&i 2.48% comp rate 2.56% - can be reduced by a pricing request - no annual fee for life saving 375 annually
Investment 80% lvr - 3 year fix p&i 2.79% comp rate 2.62% - can be reduced by a pricing request - no annual fee for life saving 375 annually

If you take a fixed rate consider rate locking as cba 2 and 3 year fixed rates has gone up 3 times in 1.5 months. So we expect the majority of the mid tier lenders to follow them over the next 1-2 months.

Broker Cashback $500 for balances between 300k and 700k net of offset & $1000 cashback for balance over 700k net of offset. Broker rebate paid post settlement normally 2 months post settlement and on complete variable into 2 payments on 2 and 24 months.

Types of clients suitable Home buyers or Construction with solar on the roof and being able to supply a electric bill to show solar is installed
We are looking for clients that are seeking a broker relationship that will be reviewing their position every 2 years to make sure its competitive to the market.

Not suitable for fully offset clients.

We are also looking for long term relationships with clients, if you intend to refinance again or sell within 12 months, the banks actually claw us back on our upfront commission completely so we would be unable to help in these circumstances. I will do my best to reply to all comments.

My experience 7 years in commsec and cba on a margin lending desk and as in in house cba branch home lender. 4 years as a mortgage broker running my own company.

You can book an appointment straight into my calendar -
or send me a sms
Or email - [email protected]

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).

Related Stores

Integral Loan Solutions
Integral Loan Solutions


  • How do existing customers apply? I can't see anything on their site about applying for it. Do I need to remortgage with them?

    • This is for new customers. Parts of the solar bonus do apply to you ie if you have solar on the roof you can get a 500 rebate. Or we can help you refinance to another lender to get the rate down + rebate from another lender.

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