A Suncorp Personal Loan can be used for a wide range of things. Plan your dream wedding, tackle those long-overdue renovations or consolidate existing debt to make it more manageable—in fact, you can apply for a personal loan for any reasonable purpose, so long as you are financially eligible. Simply let us know what you need when you apply online, or call us to discuss your options on 13 11 55.
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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.
Suncorp Bank Personal Loans are available for any amount between $5,000 and $80,000 dollars. The maximum amount for which you’ll be approved will depend on several factors, including your income and expenses.
You can make lump sum or extra repayments at any time with no penalty, however if you payout your fixed personal loan within 12 months an early payout fee will apply.
Secured Loans are where we use the vehicle you are buying as security for the loan. We can also refinance a car loan held with another institution as a Secured Loan. An Unsecured Personal Loan is where an asset is not held as security and the loan can be used to purchase a car as well as other purposes.
The amount of interest you pay over the course of the loan will depend on your loan amount and loan term. You can calculate your repayments based on the loan size and term by using our repayments calculator to see the difference it makes if you pay weekly, fortnightly or monthly.
* 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 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. Comparison rate is based on a $30,000 loan over 5 years. Rates subject to change.
Loans are issued by Suncorp-Metway Ltd ABN 66 010 831 722 Australian Credit Licence number 229882 (“Suncorp Bank”). To approved applicants only. Fees, charges, terms and conditions apply and are available on request.
Insights and stories
Lock in your interest rate and repayment amount.
A rate that ‘varies’ in line with market conditions.
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.