Suncorp personal loans

Suncorp
Suncorp's overall rating for personal loans

(as rated by the Mozo community)

7.8 / 10

based on 43 reviews

Suncorp can help you take care of expenses with a personal loan that is perfect for your needs. Whether it's for that relaxing holiday or important purchase, a personal loan gives you the freedom you need when you need it. Take a look at what the other banks are offering to do a quick comparison.

Top 5 personal loans 2015

Suncorp offers the following personal loans

Rates and fees verified as correct at 05 December, 2016. Other information correct at the time of writing.

Product Interest rate from Comparison rate from* Upfront fee

6.99% p.a.

7.59% p.a.based on $30,000
over 5 years

$175

12.49% p.a.

13.08% p.a.based on $30,000
over 5 years

$175

12.69% p.a.

13.28% p.a.based on $30,000
over 5 years

$175

* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are for the amounts and terms quoted, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans, and apply only to these examples. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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About Suncorp personal loans

Regional bank Suncorp is one of the largest financial institutions in Australia with two types of personal loans available - a fixed rate car loan and an unsecured personal loan with a fixed or variable interest rate. If you’re looking for a low rate loan from a challenger brand to the big banks, the Suncorp personal loans detailed on this page could be the right fit.

What personal loans do Suncorp offer?

Fixed rate car loan:

For those considering taking out a personal loan to buy a new or used car under 12 years old, the Suncorp car loan has a competitively low fixed rate. The new set of wheels is tied to the loan as security, and in return you’ll pay less in interest. Loan amounts begin at $5,000 to $80,000 and the fixed rate means your repayments are consistent through a term of up to seven years. While you can make extra repayments, consider the early loan repayment penalty fee. Suncorp’s application and monthly costs are low, plus you can take out a consumer credit insurance policy to cover your repayments in the case of temporary disability or death (for more details on this option visit Suncorp online).

Unsecured personal loan:

Suncorp offers two types of unsecured personal loans to help finance dreams with price tags between $5,000 and $80,000. If you prefer to have the peace of mind that your repayments will stay the same, you might like the fixed rate personal loan. On the other hand, while the variable version has a slightly higher interest rate it can change at any point during the loan term (which could work in or against your favour). There’s no need to secure either loans against an asset, so you pay slightly more in interest than Suncorp’s car loan detailed above. Extra repayments are fine to make during a loan term, which can range between one and seven years. Keep in mind that penalty fees come into play for wiping off debt before the full loan amount is due. Just like the Suncorp car loan there are low monthly fees and a signup cost to begin with. You can also take out a consumer credit insurance policy for a premium price.

Suncorp personal loan features at a glance

Repayment flexibility: 

Personal loan repayments can fall on weekly, fortnightly or monthly calendar dates. The choice is yours when you first sign up.

Extra repayments: 

While Suncorp accept extra repayments, you might want to weigh up your options before clearing that debt due to early loan repayment penalties.

Optional loan insurance: 

For a small cost per week you can take out a loan insurance policy with Suncorp which will cover your repayments due to illness or death. Visit the bank’s website to learn more.

Suncorp customer reviews:

Customers leave Suncorp personal loan reviews on our site, so be sure to check them out for insight on things such as customer service, rates and product experiences.

How do you apply for a Suncorp personal loan?

Suncorp personal loan applications can easily be done online. You’ll need to have all the things listed below at hand to include in your online application. Personal loan applications can also take place over the phone or at any Suncorp branch. The turnaround is usually quick depending on your credit history and financial situation.

To apply for a personal loan with Suncorp you will need:

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