Finding the best rates…
Bank One
Best available
From 5.79% p.a.
Line-up
145 live products
Compare Bank of Melbourne and Suncorp home loans in March 2026. Bank of Melbourne offers rates from 5.79% p.a. across 145 products, while Suncorp starts at 5.64% p.a. with 66 products. Suncorp currently has the lower rate by 0.15%.
145 live products
Best available rate
Fixed Rate Home Loan (Fixed 1 Yr)
Highest ranked offer currently surfaced for this bank on the compare page.
Comparison
6.26%
Offset
Not included
Redraw
Included
66 live products
Best available rate
Back To Basics Variable Rate Better Together Special Offer
Highest ranked offer currently surfaced for this bank on the compare page.
Comparison
5.65%
Offset
Not included
Redraw
Included
Live edge
Suncorp is lower on headline home loan rate by 0.15%, which is roughly $63 per month on a $500,000 loan.
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | Bank of Melbourne | Suncorp |
|---|---|---|
| Interest rate | 5.79% | 5.64% |
| Comparison rate | 6.26% | 5.65% |
| Offset account | No | No |
| Redraw | Yes | Yes |
Every tracked home loans option from Bank of Melbourne.
Every tracked home loans option from Suncorp.
Bank of Melbourne's lowest variable rate is 5.79% p.a. (comparison rate 6.26%) while Suncorp starts at 5.64% p.a. (comparison rate 5.65%). Suncorp is 0.15% lower, which saves approximately $63/month on a $500,000 loan.
Key features: Bank of Melbourne includes redraw, Suncorp includes redraw.
| Feature | Bank of Melbourne | Suncorp |
|---|---|---|
| Interest Rate | 5.79% | 5.64% |
| Comparison Rate | 6.26% | 5.65% |
| Offset Account | No | No |
| Redraw Facility | Yes | Yes |
Common Questions
Suncorp currently offers the lower variable rate at 5.64% p.a. compared to 5.79% p.a. Always check the comparison rate for a true cost picture.
Bank of Melbourne does not include an offset account. Suncorp does not include an offset account.
Bank of Melbourne's lowest variable rate is 5.79% p.a. (comparison rate 6.26%) on the Fixed Rate Home Loan (Fixed 1 Yr).
Suncorp's lowest variable rate is 5.64% p.a. (comparison rate 5.65%) on the Back To Basics Variable Rate Better Together Special Offer.
Bank Two
Best available
From 5.64% p.a.
Line-up
66 live products
| Annual Fee | $395 | $0 |
Suncorp currently offers a 0.15% lower home loan rate.
Keep Comparing
Keep Comparing