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Variable Rate Personal Loan

An unsecured personal loan with a variable interest rate & no penalties for additional repayments or early pay out fee!

Current interest rates

Why choose our Variable Rate Personal Loan?

Our Variable Rate Personal Loan helps you get what you need now and allows you to repay the loan within the first 12 months without penalty. You can also select a loan term that suits you and make extra payments when you choose. Plus, you may be able to take advantage of the variable interest rate. 

Key features

  • Competitive variable interest rate 
  • Next working day conditional approval on most applications^
  • Low $175 establishment fee
  • Low $5 monthly account keeping fee
  • Minimum loan amount of $5,000
  • Pay off your loan in the first 12 months without penalty

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

If you are considering refinancing an existing personal loan from another institution, we can help you do this too. Simply contact us on 13 11 55.

Personal loan repayment calculator

Calculate your repayments

Looking for a car loan?

Use your car as security against your loan and take advantage of lower interest rates with our Secured Car Loan.

Ready to apply?

Call us

Mon - Fri 8am - 10pm

Sat – Sun 8am – 6pm


Visit us

Complete an
application online

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.

* 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.

^ Approval is not instant and is subject to Suncorp Bank’s standard lending criteria.

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.

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.

Competitive Variable Interest Rate

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

Next Working Day Conditional Approval

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

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.