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Variable Rate Personal Loan

An unsecured Personal Loan with a variable interest rate and no penalties for additional repayments!

Apply now Money magazine awards 2018

Current interest rates

Online application takes about 15 minutes

Why choose our Variable Rate Personal Loan?

You can upload your documents online

You’ll receive a response within 15 minutes

You can repay your loan at any time without penalty

You won’t be charged for extra repayments

Our Variable Rate Personal Loan helps you get what you need now and allows you to repay the loan at any time without penalty. You can select a loan term that suits you and make extra payments whenever you choose. The variable interest rate means that, if rates go down, so do your payments (FYI, your payments may increase if rates go up).

Loan Calculators

Personal Loan Repayment Calculator

Estimate how much your loan repayments might be based on the amount you'd like to borrow.

Calculate repayments

Comparison Calculator

Compare our personal loans to find the best loan for you.

Compare personal loans

Rates and fees

Interest Rates




Establishment Fee (financed with the loan)


Monthly Account Keeping Fee

$5 per month for the term of your loan

Early Payout Fee


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 brochure

Personal Loans can be used for ...


Debt consolidation





Open an account in minutes

Apply online

You'll need 15 minutes and two forms of identification

Call us

Mon – Fri 8am – 10pm
Sat – Sun 8am – 6pm

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Insights and stories

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* 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.

Competitive Variable Interest 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.

Next Day Working Conditional Approval

Provided the information you supplied in your application is correct and you can prove that to us.

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.