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Variable Rate Personal Loan

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

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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

Fees

Description

Fee

Establishment Fee (financed with the loan)

$175

Monthly Account Keeping Fee

$5 per month for the term of your loan

Early Payout Fee

n/a

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

How to close your Personal Loan account

Pay the remainder of your loan

To close your personal loan account, the correct payout amount must be paid into the account

Get your payout figure

The correct payout figure can be obtained within a store or over the phone. This payout figure includes the remaining amount of the loan, any interest accrual since the last due date and the Early Payout fee or insurance* rebate if applicable

For Secured Car Loans

If you are paying out a Secured Car Loan, once the correct amount has been paid into the account and the account has closed the charge over the vehicle will be released

* If you have opted in for Consumer Credit Insurance at the time of obtaining your personal loan and you choose to pay out your personal loan early, you may be eligible for an insurance rebate. This is only applicable for insurance premiums which have been capitalised onto the amount borrowed.

Get started in minutes

Apply online

You'll need 15 minutes and two forms of identification

 

Call us

Mon – Fri 8:30am – 7pm
(AEST/AEDT)

Visit us

Visit your nearest store and we'll take you through it face to face

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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 18 March 2019. Available for Variable & Fixed Unsecured Personal Loans only.

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.