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).
Insights and stories
* 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.
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.