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Personal Loans

Secured and Unsecured Fixed Rate personal loans for new and used cars, renovations, wedding, and anything else you dream of.

Money Magazine Bank of the year 2018 2019 2020

Select a loan purpose to see our loan types and interest rates

Secured Car Loan

If your car is more than 7 years old, or you’d just prefer not to use it as security for a loan, you can apply for our Unsecured Fixed Rate Personal Loan.

Track your loan application status anytime, anywhere

Apply online and get a first stage outcome in 15 minutes

No charge for extra repayments

Quick and easy to apply

Eligibility requirements

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Customer Rating 5.0 stars out of 5 stars 5.0 stars out of 5 stars  (5.0 out of 5)

What you'll need

  • About 15 minutes
  • ID, e.g. Driver’s licence, Medicare card, and/or your Passport
  • Basic information about your wage, expenses & debts

What happens next?

Eligibility

To apply for one of our loans you must…

  • Be at least 18 years of age
  • Have kept a good credit record for the last 5 years
  • Be employed or receive regular income
  • Not be, or have been bankrupt or insolvent
  • Be a permanent resident of Australia
  • Have no past, present or pending judgements or claims against you

If you're self-employed please call 13 11 55 to apply

Check your eligibility

We let you know what documents we need, you can upload them online or email them to us

Receive a final loan decision in about 2-3 business days (once we have received all of your supporting documents)

Here to help
Take the guesswork out of your finances.

Get a clear understanding of how much you could borrow, earn or save.

View all calculators

Personal Loans can be used for ...

Car

Get behind the wheel of a new car – and if it’s less than 7 years old, you can get a secured loan and pay even less. 

Debt consolidation

Multiple debts means multiple statements and payments. Make things a little more manageable.

Travel

Whether it’s backpacking across Asia or chilling in an Italian villa, turn your dream holiday into reality.

Renovations

Tackle that list of improvements and turn to-do into done.

Weddings

Make your special day even more special by treating your guests to the best.

Other

Whether you’re studying, investing in some new home items or just treating yourself, we can help.

Help & Support

Frequently Asked Questions

What’s the difference between a fixed rate and a variable rate personal loan?

A fixed rate personal loan locks in an interest rate and repayment amount, meaning that your payments won’t change for the life of the loan and you can rely on a regular payment schedule.

With a variable rate loan, your payments may rise or fall at any point during the life of the loan. This means that you may reap the benefit of a lowered interest rate, but you’ll also be susceptible to interest rate increases. You can make extra payments at no cost and pay off the loan at any time without penalty.

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Find out exactly what Suncorp customers thought about their website experience when applying for a loan.

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Reviews are independently verified and detail our customers' real experiences.


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Consumer Credit Insurance Eligibility Remediation Program

We are undertaking a comprehensive remediation program for Suncorp Bank customers who hold or may have held a Consumer Credit Insurance policy. Read more.

* Rates effective 28 September 2020, and subject to change at any time. Where a rate is not specified as referring to a secured loan product, the rate refers to the rate for an unsecured personal loan.

^ Comparison rate is based on $30,000 loan over 5 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

1 Where a loan has a fixed rate component, an early fee applies if you repay your loan within 12 months of settlement and the term of the loan exceeds 12 months.

Banking products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 Australian Credit Licence number 229882 (“Suncorp Bank”) to approved applicants only. Please read the relevant Product Information Document and Terms and Conditions before making a decision regarding a Suncorp Banking product. Fees, charges, terms and conditions apply and are available on request or at Product Information Documents and Forms page.

Eligibility

To apply for one of our loans you must…

  • Be at least 18 years of age
  • Have kept a good credit record for the last 5 years
  • Be employed or receive regular income
  • Not be, or have been bankrupt or insolvent
  • Be a permanent resident of Australia
  • Have no past, present or pending judgements or claims against you

If you're self-employed please call 13 11 55 to apply

Fixed Rate

Lock in your interest rate and repayment amount.

Variable Rate

A rate that ‘varies’ in line with market conditions.

Comparison Rate

A comparison rate is a rate that indicates the true cost of a loan. This rate incorporates certain fees and charges that are applicable for the chosen product.

Got a Question?

Ask Scout, the Suncorp Virtual Assistant