Why choose our Fixed Rate Personal Loan?
Whether you are borrowing for a boat, a caravan, holidays, something for your home, or just something for you, our Fixed Rate Personal Loan can make it possible. Fixed interest rate repayments make it easy to budget for your purchase plus we include all the flexibility you need. Select the loan term that suits you and make extra payments when you choose!
- Lock in your rate & repayment amounts for the life of your loan
- Next working day conditional approval on most applications
- Low $175 establishment fee
- Low $5 monthly account keeping fee
- Minimum loan amount of $5,000
With so much flexibility
- Choose weekly, fortnightly, or monthly repayments
- Repay your loan over 1 – 7 years
- Make extra repayments at no extra charge
- Option to set up automatic or direct salary transfers for simple, convenient repayments
Personal Loans are available to residents of QLD, NSW, ACT, SA, WA, VIC, and TAS who can settle their loan at a Suncorp Bank branch.
To apply for a Personal Loan you must also be:
- 18 years or older
- an Australian resident
- earning a minimum net income of $25,000 per year
- able to meet the repayments
- looking to borrow more than $5,000
Preparing your application
You can apply for a Personal Loan online, over the phone, or at your local branch.
If you’re not an existing Suncorp Bank customer we are required to obtain suitable identification documentation from you before we can open an account. Please read our Identification Requirements for more details.
You will also need to demonstrate your ability to make the loan repayments.
Proof of income
You’ll need to have one of the following:
- Your most recent pay slip showing at least 3 months year to date income
- Your individual tax return or financial statements for the past 2 years if you are self-employed
- Your rental invoice or tenancy agreement (real estate managed only) showing rental income
If you’re refinancing existing debt, you’ll also need some additional documentation.
Proof of your current liabilities
- Last credit card and/or Store card statements
- Last personal loan statement showing 6 months of transactions (if it is not a Suncorp loan)
Proof of non-Suncorp savings (if you have them)
- Savings account statements
- Term Deposit statements
- Managed fund statements
Ready to apply?
Suncorp Personal Loan Protect Insurance for additional protection
When you qualify for a personal loan with us, you may also like to consider Suncorp Personal Loan Protect insurance to help protect your personal loan. From as little as 93c per week, your personal loan repayments may be covered in the event of disability, involuntary unemployment or death. You should read and consider our frequently answered questions as well as the PDS before deciding to take out this product.
1. An early payout fee applies if you repay your loan within 12 months of settlement and the term of the loan exceeds 12 months.
* 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.
^ Rates effective 26 July 2018.
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.
In order to take out a loan with us you are not required to take out this insurance, however, for your convenience, we will provide further information on this insurance during your personal loan application process.
The Personal Property Securities Register
The Personal Property Securities Register (PPSR) is a national online register that can provide information to help protect consumers when they are buying personal property such as cars, boats or artworks (not including land or buildings). If you are buying a car privately you should conduct a search and check that there is no money owing on the car.
Next Day Working Conditional Approval
Provided the information you supplied in your application is correct and you can prove that to us.
Lock in your interest rate and repayment amount
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.