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Personal Loan for Debt Consolidation

Debt consolidation may be a way to help manage your debt by bringing your eligible loans together into one single repayment with a clear end date.

 

Bank of the year 2018 2019

What is Debt Consolidation and how can it help me?

Debt consolidation is combining your existing debts like Credit Cards or other Personal Loans together, into one new Personal Loan – which may provide a more competitive interest rate and lower fees

 

 


ONE loan amount

ONE repayment amount

ONE end date

Your 4 steps to take control

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Add up the debts you want to consolidate and ensure you’re eligible

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Calculate your repayments below

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Apply online. We’ll contact you to review your application and let you know what documents we need.

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If approved, you’ll be able to pay off one loan with one end date

Calculate your repayments

Personal Loans Repayment Calculator

Use our Personal & Car Loan calculator to see how much your loan repayments will be.

Rates & Fees

Minimum Loan amount

Establishment Fee

Account Keeping Fee

Extra Repayment Fee

Early Payout Fee

For Fixed Rate Loans

Early Payout Fee

For Variable Rate Loans

$5,000

$175

$5 monthly

$0

$0 - if you've had the loan for more than 12 months.

$300 - if the loan is paid put within the first year and the terms of the loan exceeds 12 months. Payable on the day the loan is paid out.1

$0

Establishment fees and monthly fees are waived for Suncorp Home Package Plus customers.
For a complete guide to the fees and charges on our Personal Loans, download our Lending Fees and Charges.

Your online application made easy

Apply Online

Complete your application online and receive a first stage outcome within 15 minutes

Your application review

We’ll contact you to review your application and let you know what documents we need. You can upload all required documents online or send through via email.

The final steps

We’ll review your documents and let you know if your application has been successful, after which we will send you some paperwork to fill out and send back

Apply now

Frequently Asked Questions

Here to help
Want to know more?

Call 13 11 55Mon - Fri 8:30am - 7pm (AEST/AEDT)

Visit your nearest storeto talk it through face to face

^ Rates effective 18 March 2019 and subject to change at any time.

* Comparison rate warning: The 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.

1 An early payout fee applies for Fixed Rate Secured Personal Loans and Fixed Rate Unsecured Personal Loans if you repay your loan within 12 months of settlement and the term of the loan exceeds 12 months. Subject to full assessment and final credit approval.

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.

Does this apply to me?

Self employed is anyone who pays their own tax to the ATO – this could be a Sole Trader, Partnership, Pty Ltd Company or Trust.

Fixed Rate

Lock in your interest rate and repayment amount

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.

Variable Rate

A rate that is variable and is subject to change over the loan term.