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Our Rates and Fees

Our aim is to be the best option if you don’t have a ‘full’ deposit
Image of a couple taking a break from unpacking boxes in their new homeCalculator Hero Stamp
Detailed graph highlighting low fees, low rates, and ultra low rate
Our products are designed for borrowers looking for an 85-98% LVR home loan.
Detailed graph highlighting low fees, low rates, and ultra low rate
Small asterisks icon
Our products give you the flexibility to balance between upfront fees and interest rate to make the most of your circumstances.
Small asterisks icon
Whatever your choice, all our products are designed to provide better value than loans with Lenders Mortgage Insurance (LMI).

Our Products

Our loans are only available for borrowers who would otherwise require LMI. 
Not suitable for those eligible for Federal First Home Guarantee or LMI waivers.
Ultra Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable Rates From
Variable | P&I | Owner Occupier
6.30% p.a.
Effective Interest Rate*
6.50% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
We’ll beat LMI (See our promise)
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments - 
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable Rates From
Variable | P&I | Owner Occupier
6.71% p.a.
Effective Interest Rate*
6.86% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
60-70% of the Ultra Low Rate fee
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments - 
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Low Fee
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable Rates From
Variable | P&I | Owner Occupier
7.41% p.a.
Effective Interest Rate*
7.48% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
$0
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments - 
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Ultra Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable Rates From
Variable | P&I | Owner Occupier
6.30% p.a.
Effective Interest Rate*
6.58% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
We’ll beat LMI (See our promise)
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments - 
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable Rates From
Variable | P&I | Owner Occupier
6.87% p.a.
Effective Interest Rate*
7.08% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
60-70% of the Ultra Low Rate fee
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments - 
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Low Fee
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable Rates From
Variable | P&I | Owner Occupier
7.86% p.a.
Effective Interest Rate*
7.93% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
$0
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments - 
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Ultra Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable Rates From
Variable | P&I | Owner Occupier
6.30% p.a.
Effective Interest Rate*
6.63% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
We’ll beat LMI (See our promise)
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments - 
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable Rates From
Variable | P&I | Owner Occupier
6.97% p.a.
Effective Interest Rate*
7.21% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
60-70% of the Ultra Low Rate fee
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments - 
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Unavailable for Loans > 95% LVR
Low Fee
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable Rates From
Variable | P&I | Owner Occupier
6.30% p.a.
Effective Interest Rate*
6.30% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
$0
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments - 
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
*For purchases up to $2.5m with a Sucasa Primary and Accelerator Variable Home Loan. Higher rates may apply for property prices above $2.5m.
Why do we charge a Rate Reduction Fee?
The purpose of our products is to lower the cost of ownership for aspiring homeowners. When choosing a low-deposit home loan, customers are often balancing the interest rate and upfront cost (finding the right product based on your income and expenses, and also the deposit you’ve saved).  
We seek to cover this spectrum by varying both the Interest Rate and Rate Reduction Fee across our products. By charging the Rate Reduction Fee, we’re able to reduce the interest rate on our Low Rate and Ultra Low-Rate products.
Why do we split our loans?
All our loans are split between a larger Primary Loan (0-80% LVR) and a smaller Accelerator Loan for the remainder.

Splitting our loans empowers our customers. On our Ultra Low Rate and Low Rate products, the Accelerator Loan interest rate is higher than the Primary Loan. Splitting our loans allows you  to repay the Accelerator Loan off faster, and bring down your effective interest rate in the process!
We believe this is better than a single rate loan, where regardless of the repayments you make, you’re stuck on a higher rate until you refinance.
Rate City Gold Award badge

Low Rates - Up to 98% LVR

A head turning rate that helps you get into your home sooner.

Ultra Low Rate - Variable

P&I - LIVE-IN - RATES STARTING FROM:
6.30% p.a.
Interest Rate*
Comparison rate**
6.63% p.a.
Percentage icon signifying low rates
Low Deposit                      borrow up to 98% LVR            
Asterisk icon signifying lower upfront costs
Lower Upfront Costs    than LMI
Heart icon signifying
No income or price limits    we’re not a government scheme
Download icon signifying no equity sharing
No equity sharing    keep all your capital gains
Twi users icon signifying No need to burden Mum & Dad 
No need to burden Mum and Dad    no guarantors required
Loan summary icon signifying Unlimited pre-payments
Unlimited pre-payments    pay down your loan faster
Calendar icon signifying
Free online redraw    on any additional repayments for primary loan
*For purchases up to $2.5m with a Sucasa Primary and Ultra Low-Rate Accelerator Variable Home Loan. Higher rates may apply for property prices above $2.5m. Upfront costs apply in addition to the interest rate.

We’ve minimised those pesky fees!

We work hard to make sure you keep more in your pocket

Sucasa Logo image
Industry standard
Application fee
$0
Monthly fee
$0
Annual fee
$0
Online redraw fee
$0
Valuation fee
Passed on at cost
Settlement fee
Passed on at cost
Exit / discharge fee
$795
Application fee
Up to $600
Monthly fee
Up to $15
Annual fee
Up to $400
Online redraw fee
Up to $50 per redraw
Valuation fee
Up to $350
Settlement fee
Up to $650
Exit / discharge fee
$795

Government and third-party fees

Unavoidable, unfortunately.
Government refinance costs
These vary by state, but include title registration, discharge of mortgage, and title search fees.
Around $140 - $300
Government refinance costs
These vary by state, but include title registration, discharge of mortgage, and title search fees.
Dependent on your property value and which state you're in, but can be thousands.
This is some text inside of a div block.
Industry standard
Sucasa Logo image
Rate Reduction Fee (Varies based on Product)
Lenders Mortgage Insurance (LMI)
Starting from $0 -> Less than cost of LMI
(See Our Promise)
Application fee
Up to $600
$0
Monthly fee
Up to $15
$0
Annual fee
Up to $400
$0
Online redraw fee
Up to $50 per redraw
$0
Valuation fee
Up to $500
$395
Settlement fee
Up to $900
$395
Exit / discharge fee
$795
$795

Government and third-party fees

Unavoidable, unfortunately.
Government refinance costs
These vary by state, but include title registration, discharge of mortgage, and title search fees.
Around $140 - $300
Government refinance costs
These vary by state, but include title registration, discharge of mortgage, and title search fees.
Dependent on your property value and which state you're in.
Star with tick inside icon
If you find a lower LMI offer, we’ll beat LMI by at least $1,000*
* Applies to a comparable 85-98% LVR variable owner occupier home loan of the same size with a comparable interest rate to the product being compared. Excludes options where LMI is being waived or paid by a lender.
Start yout application

What are the benefits of having two loans?

By splitting your home purchase into two loans, this means that:
01
You don’t need to pay expensive LMI
04
You can borrow up to 100% LVR
02
You can repay your Accelerator Loan (the more expensive one) faster with no additional charges
05
You can easily refinance with Sucasa as soon as you have built enough equity in your home
03
The more you contribute to your purchase, the lower your effective interest rate
06
Any additional prepayments you make, will directly reduce your effective interest rate

Loan Eligibility

Loan Type
Owner Occupier
You're buying a home to live in
Loan to Value Ratio
Up to 100%
No LMI Required
Loan Type
While you won’t require a deposit for the home, you’ll need  5% of the property value in genuine savings (from your own income or earnings), and, if Stamp Duty is more than this, enough total funds (regardless of source) to cover all your Stamp Duty
Property Location
Sydney or Melbourne
Property Size
Properties must be at least 50m²
excluding balconies and car space
About You
Small tick icon
You are a professional and have a steady income.
Small tick icon
You are an Australian Citizen or Permanent Resident living in Australia.
Small tick icon
You are an Australian Tax Resident
Start Your Application

What You Need to Apply

In order for you to apply for a Sucasa loan, you’ll need to make sure you have:
Document ID icon
Two forms of ID
Driver’s licence, Australian Passport or Medicare card
Financial documents icon
Personal Financial Information
Information about your employment, income, assets and liabilities.
Calculate Your Loan Estimate
Sucasa logo image without logo text

See how much you can borrow and save with Sucasa.

Calculators

Our Rates and Fees

Our aim is to be the best option if you don’t have a ‘full’ deposit
Image of a couple taking a break from unpacking boxes in their new homeCalculator Hero Stamp
Detailed graph highlighting low fees, low rates, and ultra low rate
Our products are designed for borrowers looking for an 85-98% LVR home loan.
Detailed graph highlighting low fees, low rates, and ultra low rate
Small asterisks icon
Our suite of products will benefit you, regardless of whether you are deposit or serviceability constrained.
Small asterisks icon
Regardless of your choice – all our loans have lower upfront fees than any other loan that requires LMI at the same LVR.
Rate City Gold Award badge

Low Rates - Up to 98% LVR

A head turning rate that helps you get into your home sooner.

Ultra Low Rate - Variable

P&I - LIVE-IN - RATES STARTING FROM:
6.30% p.a.
Interest Rate*
Comparison rate**
6.63% p.a.
Percentage icon signifying low rates
Low Deposit                      borrow up to 98% LVR            
Asterisk icon signifying lower upfront costs
Lower Upfront Costs    than LMI
Heart icon signifying
No income or price limits    we’re not a government scheme
Download icon signifying no equity sharing
No equity sharing    keep all your capital gains
Twi users icon signifying No need to burden Mum & Dad 
No need to burden Mum and Dad    no guarantors required
Loan summary icon signifying Unlimited pre-payments
Unlimited pre-payments    pay down your loan faster
Calendar icon signifying
Free online redraw    on any additional repayments for primary loan
*For purchases up to $2.5m with a Sucasa Primary and Ultra Low-Rate Accelerator Variable Home Loan. Higher rates may apply for property prices above $2.5m. Upfront costs apply in addition to the interest rate.

We’ve minimised those pesky fees!

We work hard to make sure you keep more in your pocket

Sucasa logo
Industry standard
Application fee
$0
Monthly fee
$0
Annual fee
$0
Online redraw fee
$0
Valuation fee
Passed on at cost
Settlement fee
Passed on at cost
Exit / discharge fee
$795
Application fee
Up to $600
Monthly fee
Up to $15
Annual fee
Up to $400
Online redraw fee
Up to $50 per redraw
Valuation fee
Up to $350
Settlement fee
Up to $650
Exit / discharge fee
$795

Government and third-party fees

Unavoidable, unfortunately.
Government refinance costs
These vary by state, but include title registration, discharge of mortgage, and title search fees.
Around $140 - $300
Government refinance costs
These vary by state, but include title registration, discharge of mortgage, and title search fees.
Dependent on your property value and which state you're in, but can be thousands.
This is some text inside of a div block.
Industry standard
Sucasa logo
Rate Reduction Fee (Varies based on Product)
Lenders Mortgage Insurance (LMI)
Starting from $0 -> Less than cost of LMI
(See Our Promise)
Application fee
Up to $600
$0
Monthly fee
Up to $15
$0
Annual fee
Up to $400
$0
Online redraw fee
Up to $50 per redraw
$0
Valuation fee
Up to $500
$395
Settlement fee
Up to $900
$395
Exit / discharge fee
$795
$795

Government and third-party fees

Unavoidable, unfortunately.
Government refinance costs
These vary by state, but include title registration, discharge of mortgage, and title search fees.
Around $140 - $300
Government refinance costs
These vary by state, but include title registration, discharge of mortgage, and title search fees.
Dependent on your property value and which state you're in.
Star with tick inside icon
If you find a lower LMI offer, we’ll beat it and give you $1,000 Cash!*
*Applies to a comparable 85-98% LVR variable owner occupier home loan of the same size with a comparable interest rate to the product being compared.
Apply Now

What are the benefits of having two loans?

By splitting your home purchase into two loans, this means that:
01
You don’t need to pay expensive LMI
04
You can borrow up to 100% LVR
02
You can repay your Accelerator Loan (the more expensive one) faster with no additional charges
05
You can easily refinance with Sucasa as soon as you have built enough equity in your home
03
The more you contribute to your purchase, the lower your effective interest rate
06
Any additional prepayments you make, will directly reduce your effective interest rate

Loan Eligibility

Loan Type
Owner Occupier
You're buying a home to live in
Loan to Value Ratio
Up to 100%
No LMI Required
Loan Type
While you won’t require a deposit for the home, you’ll need  5% of the property value in genuine savings (from your own income or earnings), and, if Stamp Duty is more than this, enough total funds (regardless of source) to cover all your Stamp Duty
Property Location
Sydney or Melbourne
Property Size
Properties must be at least 50m²
excluding balconies and car space
About You
Small tick icon
You are a professional and have a steady income.
Small tick icon
You are an Australian Citizen or Permanent Resident living in Australia.
Small tick icon
You are an Australian Tax Resident
Start Your Application

What You Need to Apply

In order for you to apply for a Sucasa loan, you’ll need to make sure you have:
Document ID icon
Two forms of ID
Driver’s licence, Australian Passport or Medicare card
Financial documents icon
Personal Financial Information
Information about your employment, income, assets and liabilities.
Calculate Your Loan Estimate
Sucasa logo image without logo text

See how much you can borrow and save with Sucasa.

Calculators
Our loans are only available for borrowers who would otherwise require LMI. 
Not suitable for those eligible for Federal First Home Guarantee or LMI waivers.

Our Products

Ultra Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable Rates From
Variable | P&I | Owner Occupier
6.30% p.a.
Effective Interest Rate*
6.50% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
We’ll beat LMI (See our promise)
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments - 
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Ultra Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable Rates From
Variable | P&I | Owner Occupier
6.71% p.a.
Effective Interest Rate*
6.86% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
We’ll beat LMI (See our promise)
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments - 
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Ultra Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable Rates From
Variable | P&I | Owner Occupier
6.41% p.a.
Effective Interest Rate*
6.48% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
We’ll beat LMI (See our promise)
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments - 
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Ultra Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable Rates From
Variable | P&I | Owner Occupier
6.30% p.a.
Effective Interest Rate*
6.58% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
We’ll beat LMI (See our promise)
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments - 
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Ultra Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable Rates From
Variable | P&I | Owner Occupier
6.87% p.a.
Effective Interest Rate*
7.08% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
We’ll beat LMI (See our promise)
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments - 
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Ultra Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable Rates From
Variable | P&I | Owner Occupier
7.86% p.a.
Effective Interest Rate*
7.93% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
We’ll beat LMI (See our promise)
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments - 
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Ultra Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable Rates From
Variable | P&I | Owner Occupier
6.30% p.a.
Effective Interest Rate*
6.63% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
We’ll beat LMI (See our promise)
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments - 
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Ultra Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable Rates From
Variable | P&I | Owner Occupier
6.97% p.a.
Effective Interest Rate*
7.21% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
We’ll beat LMI (See our promise)
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments - 
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
Unavailable
Ultra Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable Rates From
Variable | P&I | Owner Occupier
6.30% p.a.
Effective Interest Rate*
6.30% p.a.
Comparison Rate**
Upfront Fees
Rate Reduction Fee (Capitalised)
We’ll beat LMI (See our promise)
Lender’s Mortgage Insurance (LMI)
$0
Valuation Fee
$395
Settlement Fee
$395
Always Included
Unlimited Free Pre-payments - 
Primary & Accelerator Loans
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Guide You all the way
*For purchases up to $2.5m with a Sucasa Primary and Accelerator Variable Home Loan. Higher rates may apply for property prices above $2.5m.