Suncorp Home Loan Review 2026: The Move to ANZ

Get in touch with us before the move and we’ll compare your refinance options. We can check your proposed ANZ repayments and fees, look for the features you want to keep, and see whether switching is worth the cost. Have your latest loan statement and the letter or email about your move handy.

ANZ bought Suncorp Bank in July 2024. Existing home loans are scheduled to move in the first half of 2027.

You do not need to refinance just because your loan is moving. Keep making your repayments and read the notices about your own loan.

ANZ says home loans will move in the first half of 2027. The banks will tell you when your accounts will move. Some loan changes will no longer be available closer to that date, so ask early if you need to change your loan.

To check the latest information, visit Suncorp’s Move Hub directly or call 13 11 75. Keep your email, mobile number and postal address up to date in the Suncorp app or Internet Banking.

Be cautious with messages about the move. The banks say they will not ask you to transfer money to keep it safe, share passwords or PINs, or log in through an email or SMS link about the move.

Read the Suncorp Move Hub and the bank’s Move Hub loan changes. To compare a new loan, see our ANZ home loan review.

ANZ is on the Australian Government’s 5% Deposit Scheme participating-lender list. You still need to meet the scheme rules and ANZ’s lending requirements. Our 5% Deposit Scheme guide explains who can qualify.

Your minimum repayment could go up at ANZ if you’ve been paying more than required and can still withdraw that extra money. Suncorp calls this Cashback. Other banks usually call it redraw. This change affects principal-and-interest loans, where each repayment pays off some of the loan as well as the interest.

Your extra repayments will still reduce the interest you pay. Your first minimum repayment after the move will stay the same. Any change to the minimum will start at least 30 days after ANZ sends you a notice. See the bank’s repayment guidance.

If you use redraw after moving to ANZ, that withdrawal will not change your minimum repayment. You will owe more and pay interest on the higher balance.

Suncorp Bank gives these examples of how extra repayments made before the move could affect your new minimum. Both assume a 7% interest rate and 25 years left on the loan.

These are the bank’s examples. Your repayment will depend on your own rate, balance, available redraw and remaining loan term. Keeping up the higher repayments can help you pay off the loan sooner and pay less interest overall, provided you do not redraw the extra funds and the rate stays the same.

You can ask the bank to use some or all of your redraw money to pay down the loan permanently and lower your minimum repayment. You won’t be able to withdraw that money again. If your rate is fixed, you need to ask before the move. The bank’s repayment options explain how this works.

Another option is to ask the bank to use your available redraw to cover the extra amount due each month. This uses up money you’ve already paid ahead. Once it runs out, you’ll need to cover the full minimum repayment or discuss your options with ANZ. Ask the bank to arrange this and explain how it would work for your loan.

To estimate your own payment, use Suncorp’s repayment calculator. The figure in your ANZ notice is the one to budget for. The calculator does not cover construction loans or loans in a company name.

The bank will keep calculating interest daily on what you owe and charging it monthly during your interest-only period. Your payment can still change with your rate, loan balance or the number of days in the month.

When that period ends, you’ll start paying back the loan as well as the interest over the remaining term. The ANZ repayment changes explained above will then apply.

Before the move, an eligible Suncorp Standard Variable loan lets you keep savings in your Everyday Options main account and up to 9 sub-accounts. The money in all of these accounts reduces your loan interest.

After the move, you’ll have 1 ANZ One Offset account linked to that loan. Money in your other accounts will stop reducing your home loan interest. See Suncorp’s offset changes.

You can move your savings into the main offset so the full amount keeps reducing your loan interest. If bills or regular transfers come out of your sub-accounts, check those payments before moving the money.

Read our offset guide and compare Macquarie, ING and Bankwest for different ways of linking savings to your loan.

Redraw lets you take out extra repayments you’ve made on your loan. If you rely on that money for emergencies, check whether you’ll still be able to use it after the move. Check the cut-off in your move notice and speak with Suncorp Bank before that date. If your notice does not give a date, ask the bank to confirm it.

If your loan is paid off but you want to keep it open, read Suncorp’s zero-balance loan instructions and ask whether withdrawing available redraw before the move would keep your loan open. For loans in a company name, ask Suncorp how to access any available extra repayments before the move. If your rate is fixed, book an appointment to discuss your options.

Selling, refinancing or paying off your Suncorp loan? Our Suncorp discharge guide explains how to start, what to have ready and how long to allow.

Our refinancing guide explains the costs and steps involved in changing lenders.

Was fossil fuel lending one reason you chose Suncorp Bank? Its responsible banking policy excludes direct finance to companies involved in thermal coal mining, coal-fired electricity, oil and gas projects, and expansion of existing oil and gas assets. ANZ’s energy lending policy allows some fossil fuel lending under its conditions. Check whether those conditions fit your priorities before your loan moves.

ANZ has owned Suncorp Bank since July 2024. If you want to move outside the major banking groups, our ethical banks guide compares ownership and lending policies. We can help you compare the home loans too, including rates, fees and features.

These are the lending rules we checked in September 2026. We have kept them together to explain existing loans and applications already underway. New ANZ applications follow ANZ’s own rules.

When we checked in September, eligible doctors could borrow up to 90% without paying LMI. At least 1 borrower needed current general or specialist registration with the Australian Health Practitioner Regulation Agency (AHPRA).

Provisional, limited and non-practising AHPRA registration did not qualify for the reviewed medical waiver.

Loan-to-value ratio (LVR) is the loan as a percentage of the property value. A 90% LVR means borrowing $90 for every $100 of property value. You still need money for any buying costs.

Compare the professions and limits in our Westpac and NAB reviews. Our LMI waiver guide covers the wider options.

When we checked in September, eligible buyers could borrow up to 95% of the value of a home they planned to live in. Repayments had to cover both principal and interest. Any LMI and applicable fees added to the loan also counted towards that 95% limit.

Suncorp was not on the 5% Deposit Scheme lender list when we checked on 4 September 2026. Its standard 95% loan could still require LMI.

For loans above 90% of the property value, Suncorp generally required savings of at least 5%, built up or held for 3 months. A gift you did not have to repay, inheritance, money from selling an asset, eligible super funds, an ATO refund or a bonus could count. You might also need to show 3 months of rent paid on time.

The table below shows how Suncorp treated each income type in the policy we reviewed in September.

Read our self-employed loan guide and compare ANZ if you need a lender that assesses your business income differently.

For an application like this, I’d check how long the borrower had held each job and whether they could keep working those hours. Suncorp generally wanted 12 months of second-job income. Its rules did not say that working 50 hours automatically ruled someone out. Another lender may assess the same income differently.

In September, Suncorp accepted standard homes, units and some acreage. It also offered construction loans and an option for some owner-builders. If your loan or application is already underway, ask how the move affects your build before agreeing to changes or counting on more loan funds.

Our construction loan guide explains progress payments and the documents needed for a build.

Suncorp’s usual rules excluded serviced apartments, dual-key properties, company-title or stratum-title units, commercial properties financed with a home loan, and split-contract developments.

Our apartment loan guide covers how size and building use affect lending.

Suncorp allowed some guarantees for spouses, companies and trusts. These were separate from a family guarantee using a parent’s property to help with a deposit.

Australian citizens living overseas could be considered up to 70% of the property value. Only part of eligible overseas personal income could count. Overseas business income was excluded.

Its standard credit rules allowed no more than 1 late repayment in the previous 12 months, and that payment could be no more than 29 days late. Small, paid utility or phone defaults could be accepted within its limits.

Compare CBA for family support and Westpac for buying before selling.

Looking to borrow through your SMSF to buy a residential property? The rules changed on 10 August 2026: new residential SMSF borrowing is generally banned. Existing loans, qualifying refinances and purchases agreed under binding contracts before that date have exceptions. Our AMP review explains the residential SMSF changes in more detail.

The lender pays us commission, which we disclose before you proceed. We compare more than 30 lenders and must put your interests first. Our Brisbane mortgage brokers can review your existing Suncorp loan or compare lenders accepting new applications.

Client examples are based on real situations. Names and identifying details have been changed.